Social Studies Performance Standard D Grade 4

Social Studies, Standard D: Economics
Performance Standards - Grade 4

By the end of grade four, students will:

D.4.1 Describe and explain of the role of money, banking, and savings in everyday life

D.4.2 Identify situations requiring an allocation of limited economic resources and appraise the opportunity cost (for example, spending one's allowance on a movie will mean less money saved for a new video game)

D.4.3 Identify local goods and services that are part of the global economy and explain their use in Wisconsin

D.4.4 Give examples to explain how businesses and industry depend upon workers with specialized skills to make production more efficient

D.4.5 Distinguish between private goods and services (for example, the family car or a local restaurant) and public goods and services (for example, the interstate highway system or the United States Postal Service)

D.4.6 Identify the economic roles of various institutions, including households, businesses, and government

D.4.7 Describe how personal economic decisions, such as deciding what to buy, what to recycle, or how much to contribute to people in need, can affect the lives of people in Wisconsin, the United States, and the world

Content Standard D

For questions about this information, contact Beverly J. Kniess (608) 266-3706

Last updated on 2/25/2008 1:43:12 PM