Alaska
4th Grade
State Standards
SS.K-12.EFLK-12 Economic and Financial Literacy Standards - Alaska Social Studies
SS.3-5Grade 3 through 5 Standards
SS.3-5.11Economics Anchor Standard 11: Economic Systems, Models, and Markets
SS.4.4.11.1Explain the relationship between investment in human capital, productivity, and future incomes using Indigenous and non-Indigenous examples from across the United States.
SS.5.4.11.1Explain the relationship between investment in human capital, productivity, and future incomes using examples from throughout U.S. history.
SS.5.7.11.1Describe the role of other financial institutions in an economy.
SS.3-5.12Economics Anchor Standard 12: Decision-Making and Personal Finance
SS.3.1.12.1Examine various ways that people in Alaska have met their needs for food, clothing, and shelter, and how they have changed over time.
SS.4.1.12.1Explain how scarcity and abundance require a person to determine the benefits and costs of a particular choice.
SS.5.1.12.1Analyze the benefits and costs of personal choices that any person in U.S. history may have considered in order to meet their needs and wants.
SS.3.2.12.1With support, generate a list of factors that influence the way people make a particular decision.
SS.4.2.12.1Define positive and negative incentives.
SS.5.2.12.1Identify positive and negative incentives that influence the decisions people make.
SS.3-5.13Economics Anchor Standard 13: The National Economy
SS.3.1.13.1With support, generate a list of scenarios that may include borrowing money.
SS.4.1.13.1Explain that interest is the price of using someone else's money.
SS.5.1.13.1Explain what interest rates are and how they work.
SS.3.2.13.1Define unemployment and explain why the number of unemployed individuals in a given area may increase or decrease.
SS.4.2.13.1Determine the difference between inflation and deflation.
SS.5.2.13.1Investigate ways that inflation, deflation, and unemployment have impacted the U.S. economy over time.
SS.3.3.13.1Explain the ways in which Alaska's government pays for the goods and services it provides.
SS.4.3.13.1Describe how people and businesses support federal government services through taxation.
SS.5.3.13.1Compare the British taxation policies in Colonial America to the current taxation practices in the United States.