What are Standards? Standards outline what students need to know, understand, and be able to do.
Academic standards are benchmark measures that define what students should know and be able to do at specified grade levels beginning in kindergarten and progressing through grade twelve. The standards are promulgated as state regulations. As such, they must be used as the basis for curriculum and instruction in Indiana's accredited schools. The academic standards are NOT a curriculum; therefore, identifying the sequence of instruction in each grade—what will be taught and how long—requires concerted effort and attention at the district/school level. Academic standards do not prescribe any particular curriculum. Curriculum tools are selected at the district/school level and adopted through the local school board. No student, by virtue of poverty, age, race, gender, cultural or ethnic background, disabilities, or family situation will ultimately be exempt from learning the required academic standards, although it is acknowledged that individual students may learn in different ways and at different rates. Academic standards focus on what students will need to learn in order to be college and career ready and to be competitive in the job market.
Global Economics is a business course that provides students with an understanding of their role as consumers and producers in domestic and global economies. This course enables students to understand how the economic system operates while comprehending their role in that system. Students deal with public policy, international economics, microeconomics, and macroeconomics in comparing economic systems and using selected economic measures.
DOE Code: 4558
Recommended Grade Level: Grade 12
Recommended Prerequisites: None
Credits: 1 credit per semester, maximum of 2 semester, maximum of 2 credits
Counts as a Directed Elective or Elective for the General, Core 40, Core 40 with Academic Honors and Core 40 with Technical Honors diplomas
May fulfill up to one graduation credit of the Economics requirement
Career and Technical Student Organizations (CTSOs)
Career and Technical Student Organizations are considered a powerful instructional tool when integrated into Career and Technical Education programs. They enhance the knowledge and skills students learn in a course by allowing a student to participate in a unique program of career and leadership development. Students should be encouraged to participate in Business Professional of America, DECA, or Future Business Leaders of America, the CTSOs for this area.
Core Standard 1 Students synthesize the relationship among scarcity, choice and opportunity costs to understand that resources are limited and, as a result, individuals must choose some things and give up others.
Define, identify and explain the productive resources
Define scarcity and explain how opportunity costs and tradeoffs exist
Explain incentives and how they affect choice
Use a production possibilities curve to explain the concepts of choice, scarcity, opportunity cost, tradeoffs, unemployment, productivity, and growth
Critique the trade-off among economic growth, national security, efficiency, and personal freedom
Explain measures of a country's economic performance such as Gross Domestic Product (GDP), unemployment, and inflation
Domain – Economic Systems
Core Standard 2 Students critique various economic systems from around the world in order to identify strengths and weakness, and compare each.
Core Standard 6 Students research the role of currency and international financial institutions in a global economy.
Formulate the value of different currencies among nations
Explain the roles and functions of the World Bank, the International Monetary Fund (IMF), and other international banking/financial institutions
Compare and analyze the securities exchanges and their effect on the world economy
Analyze the influence of phenomenon such as trade policies, politics, disasters, and cultural factors on the value of currency
Explain how the value of money and the exchange rate influence the standard of living in an economy
Domain – Making Career Choices
Core Standard 7 Students analyze career options in a global economy.
Analyze U.S. and foreign economies to forecast how trade may affect job opportunities and income potential
Identify and assess personal interests, abilities, life goals, and possible career choices
Predict your future lifestyle and income based on current global economic trends
Evaluate the impact of sociological, economic and technological changes on future careers
Indiana Academic Standards
Content Area Literacy: History/Social Studies
Approved April 2014
Guiding Principle:Studentsdevelop discipline-specificreading and writing skills.Within theareasofHistory/SocialStudies,studentsapply these skillsin order to develop a deeperunderstanding ofthecontentarea. There are six key areas found in the Literacy in History/Social Studies section for grades 6-12: Key Ideas and Textual Support, Structural Elements and Organization, Synthesis and Connection of Ideas, Writing Genres, the Writing Process, and the Research Process. By demonstrating the skills listed in each section, students should be able to meet the Learning Outcome for Literacy in History/Social Studies.
Note that the standards in this section are not designed for implementation in an English/Language Arts classroom. Instead, t hey provide guidance to content area teachers in grades 6-12 (e.g., History/Social Studies teachers, Science teachers, Career and Technical Education teachers, etc.) on expectations for integrating reading and writing skills into their classrooms.
InLiteracyinHistory/SocialStudies,studentsare expectedtodothe following: