The Bosque Education Guide: Education Standards
Social Studies : 2001 Content Standard, Benchmarks and Performance Standards
Strand: Economics
Strand: Economics |
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| Standard IV: Students understand basic economic principles and use economic reasoning skills to analyze the impact of economic systems (including the market economy) on individuals, families, businesses, communities, and governments. | Activity Number* |
| K-4 Benchmark IV-A: Understand that individuals, households, businesses, governments, and societies make decisions that affect the distribution of resources and that these decisions are influenced by incentives (both economic and intrinsic). | 13, 17, 29, 40 |
| 1 1. Understand how resources are limited and varied in meeting human needs. | 13, 17, 29, 40 |
| 3 2. Define and categorize resources (e.g., human, financial, natural). | 13, 17, 29, 40 |
| 4 3. Illustrate how resources can be used in alternative ways and, sometimes, allocated to different users. | 13, 17, 29, 40 |
| 5. Understand and explain how conflict may arise between private and public incentives (e.g., new parks, parking structures). | 40 |
| 5-8 Benchmark IV-A: Explain and describe how individuals, households, businesses, governments, and societies make decisions, are influenced by incentives (economic as well as intrinsic) and the availability and use of scarce resources, and that their choices involve costs and varying ways of allocating. | 13, 17, 29, 34, 35, 36, 37, 38, 40, 41 |
| 5 2. Understand the patterns of work and economic activities in New Mexico and the United States (e.g., farming, ranching, oil and gas production, high tech, manufacturing, medicine). | 13, 17, 29, 34, 35, 36, 37, 38, 40 |
| 7 1. Explain how economic and intrinsic incentives influence how individuals, households, businesses, governments, and societies allocate and use their scarce resources. | 29, 34, 36 |
| 8 2. Analyze the full costs and benefits of alternative uses of resources that will lead to productive use of resources today and in the future. | 29, 34, 35, 36, 40, 41 |
| 9-12 Benchmark IV-A: Analyze the ways individuals, households, businesses, governments, and societies make decisions, are influenced by incentives (economic and intrinsic) and the availability and use of scarce resources and that their choices involve costs and varying ways of allocating. | 13, 17, 29, 34, 35, 36, 40 |
| 9-12 4. Analyze and evaluate the impact of economic choices on the allocation of scarce resources. | 13, 17, 29, 34, 35, 36, 40 |
| K-4 Benchmark IV-C: Understand the patterns and results of trade and exchange among individuals, households, businesses, governments, and societies, and their interdependent qualities. | 13, 17, 36, 37, 38, 40 |
| 4 1. Identify patterns of work and economic activity in New Mexico and their sustainability over time (e.g., farming, ranching, mining, retail, transportation, manufacturing, tourism, high tech). | 13, 17, 36, 37, 38, 40 |
| 5-8 Benchmark IV-C: Describe the patterns of trade and exchange in early societies and civilizations and explore the extent of their continuation in today’s world. | 13, 17, 29, 31, 34, 35, 36, 37, 38, 40 |
| 5 1. Understand basic economic patterns of early societies (e.g., hunter-gathers, early farming, business). | 13, 17 |
| 7 3. Understand the factors that currently limit New Mexico from becoming an urban state, including the availability and allocation of water, and the extent to which New Mexico relies upon traditional economic forms (e.g., the acequia systems, localized agricultural markets). | 13, 17, 29, 31, 34, 35, 36, 37, 38, 40 |
