Illinois
9th-12th Grades
State Standards
Economic Decision Making
SS.EC.1.9-12Analyze how scarcity and incentives influence choices to consume or produce for different individuals and groups.
SS.EC.2.9-12Use marginal benefits and marginal costs to propose a solution to an economic issue for an individual or community.
Exchange and Markets
SS.EC.3.9-12Evaluate how much competition exists within and among sellers and buyers in specific markets.
SS.EC.4.9-12Evaluate the effectiveness of government policies to improve market outcomes, address inequality, or reduce inefficiencies.
SS.EC.5.9-12Analyze the ways in which competition and government regulation influence what is produced and distributed in a market system.
The National and Global Economy
SS.EC.6.9-12Use data and economic indicators to analyze past and current states of the economy and predict future trends.
SS.EC.7.9-12Describe how government policies are influenced by and impact a variety of stakeholders.
SS.EC.8.9-12Analyze how advances in technology and investment in capital goods and human capital affect economic growth and standards of living.
SS.EC.9.9-12Analyze the role of comparative advantage in global trade of goods and services.
SS.EC.10.9-12Explain how globalization trends and policies affect social, political, and economic conditions in different nations.
Financial Literacy
SS.EC.FL.1.9-12Analyze the costs and benefits of various strategies to increase income.
SS.EC.FL.2.9-12Explain how to make informed financial decisions by collecting information, planning, and budgeting.
SS.EC.FL.3.9-12Explain how time, interest rates, and inflation influence savings patterns over a lifetime.
SS.EC.FL.4.9-12Analyze costs and benefits of different credit and payment options for goods and services, the role of lenders, and interest.
SS.EC.FL.5.9-12Evaluate risks and rates of return of diversified investments.
SS.EC.FL.6.9-12Analyze the costs and benefits of insurance, including the influences of an individual's characteristics and behavior.