By the end of grade eight, students will:
D.8.1 Describe and explain how money makes it easier to trade,
borrow, save, invest, and compare the value of goods and services
D.8.2 Identify and explain basic economic concepts: supply, demand,
production, exchange, and consumption; labor, wages, and capital;
inflation and deflation; market economy and command economy; public
and private goods and services
D.8.3 Describe Wisconsin's role in national and global economies
and give examples of local economic activity in national and global
markets
D.8.4 Describe how investments in human and physical capital,
including new technology, affect standard of living and quality
of life
D.8.5 Give examples to show how government provides for national
defense; health, safety, and environmental protection; defense
of property rights; and the maintenance of free and fair market
activity
D.8.6 Identify and explain various points of view concerning economic
issues, such as taxation, unemployment, inflation, the national
debt, and distribution of income
D.8.7 Identify the location of concentrations of selected natural
resources and describe how their acquisition and distribution
generates trade and shapes economic patterns
D.8.8 Explain how and why people who start new businesses take
risks to provide goods and services, considering profits as an
incentive
D.8.9 Explain why the earning power of workers depends on their
productivity and the market value of what they produce
D.8.10 Identify the economic roles of institutions such as corporations
and businesses, banks, labor unions, and the Federal Reserve System
D.8.11 Describe how personal decisions can have a global impact
on issues such as trade agreements, recycling, and conserving
the environment
Content Standard D
For questions about this information, contact Kristen McDaniel (608)266-2207
Last updated on 4/8/2011 10:06:39 AM
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