Curriculum and Instruction

Standard 4, Key Idea 2

Key Idea 2: Economics requires the development and application of the skills needed to make informed and well-reasoned economic decisions in daily and national life.

Performance Indicators--Students will:


  • locate economic information, using card catalogues, computer databases, indices, and library guides
  • collect economic information from textbooks, standard references, newspapers, periodicals, and other primary and secondary sources
  • make hypotheses about economic issues and problems, testing, refining, and eliminating hypotheses and developing new ones when necessary
  • present economic information by developing charts, tables, diagrams, and simple graphs


  • identify and collect economic information from standard reference works, newspapers, periodicals, computer databases, textbooks, and other primary and secondary sources
  • organize and classify economic information by distinguishing relevant from irrelevant information, placing ideas in chronological order, and selecting appropriate labels for data
  • evaluate economic data by differentiating fact from opinion and identifying frames of reference
  • develop conclusions about economic issues and problems by creating broad statements which summarize findings and solutions
  • present economic information by using media and other appropriate visuals such as tables, charts, and graphs to communicate ideas and conclusions


  • identify, locate, and evaluate economic information from standard reference works, newspapers, periodicals, computer databases, monographs, textbooks, government publications, and other primary and secondary sources
  • use economic information by identifying similarities and differences in trends; inferring relationships between various elements of an economy: organizing and arranging information in charts, tables, and graphs; extrapolating and making conclusions about economic questions, issues, and problems
  • apply a problem-solving model to identify economic problems or issues, generate hypotheses, test hypotheses, investigate and analyze selected data, consider alternative solutions or positions, and make decisions about the best solution or position
  • present economic information and conclusions in different formats, including graphic representations, computer models, research reports, and oral presentations


Last Updated: April 27, 2009