8th Grade

State Standards

Civic Responsibility

8: A financially literate individual understands how to manage income, spending, and investment.

8.E1.1: Analyze the relationship between education, income, and job opportunities.

8.E1.2: Analyze the relationship between interest rates, saving, and use of credit.

8.E1.3: Analyze the relationship between investment and return.

8.E1.4: Examine the factors that influence spending decisions.

8.E1.5: Create a budget and examine the benefits of budgeting.

8.E1.6: Analyze the impact of debt on individuals.

8.E1.7: Understand several types of financial investments and calculate rates of return.

8.E1.8: Identify ways insurance may minimize personal financial risk.

E2: By applying economic reasoning, individuals seek to understand the decisions of people, groups, and societies.

8.E2.1: Explain how economic decisions affect the well‑being of individuals, businesses, and society.

8.E2.2: Evaluate current economic issues in terms of benefits and costs for distinct groups.

E3: Individuals and institutions are interdependent within market systems.

8.E3.1: Explain the roles of buyers, sellers, and profits in product, labor, and financial markets.

8.E3.2: Analyze the relationship between supply, demand, and competition and their influence on prices, wages, and production.

8.E3.3: Analyze the influence of institutions such as corporations, non‑profits, and labor unions in a market economy.

E4: The domestic economy is shaped by interactions between government, institutions, and the private sector.

8.E4.1: Explain how inflation, deflation, and unemployment affect distinct groups.

8.E4.2: Explain the influence of changes in interest rates on borrowing and investing.

8.E4.3: Explain the effect of productivity on standard of living.

E5: The interconnected global economy impacts all individuals and groups in significant and varied ways.

8.E5.1: Explain the interdependence of trade and how trade barriers influence trade among nations.

8.E5.2: Compare various economic systems such as command, mixed, and free market.

8.E5.3: Explain the benefits and the costs of trade policies to individuals, businesses, and society.