Maine
9th-12th Grades
State Standards
Students draw from concepts and processes in personal finance to understand issues of money management, saving, investing, credit, and debt; students draw from concepts and processes in economics to understand issues of production, distribution, consumption in the community, Maine, the United States, and the world.
Personal Finance: Students understand the principles and process of personal finance by:
F1Explaining how personal finance involves the use of economics as the basis for saving, investing and managing money.
F2Identifying factors that impact consumer credit.
D1Evaluating ways credit can be used.
D2Evaluating different strategies for money and risk management.
Economics: Students understand the principles and processes of personal economics, the role of markets, the economic system of the United States, other economic systems in the world, and how economics serves to inform decisions in the present and future by:
F1Analyzing the role of financial institutions, the financial markets, and government including fiscal, monetary, and trade policies.
F2Identifying and explaining various economic indicators and how they represent and influence economic activity.
D1Analyzing economic activities and policies in relationship to freedom, efficiency, equity, security, growth, and sustainability.
D2Explaining and applying the concepts of specialization, economic interdependence, and comparative advantage.
D3Proposing a solution to a problem using the theory of supply and demand. *
Global Connections: Students understand economic aspects of unity and diversity in Maine, the United States, and the world, including Maine Native American communities, by:
F1Comparing a variety of economic systems and strategies of economic development.
F2Analyzing how resource distribution effects wealth, poverty, and other economic factors.
D1Analyzing multiple views on how resource distribution has affected wealth, poverty, and other economics factors and present an argument as to the role of regional, international, and global organizations that are engaged in economic development. *