8th Grade

State Standards

Civic Responsibility

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

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

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

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

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

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

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

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

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

E2By applying economic reasoning, individuals seek to understand the decisions of people, groups, and societies.

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

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

E3Individuals and institutions are interdependent within market systems.

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

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

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

E4The domestic economy is shaped by interactions between government, institutions, and the private sector.

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

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

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

E5The interconnected global economy impacts all individuals and groups in significant and varied ways.

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

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

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