Hawai‘i State Department Economics Content Standards for K–12 Students
For complete list and benchmarks see:
- Limited Resources and Choice
Understand cost and benefits of economic choice and use this knowledge to
make sound economic decisions.
- Role and Function of Markets
Understand how markets function and analyze the role of prices and incentives
to realize how economic interactions affect human behavior.
- Economic Interdependence
Evaluate the costs and benefits of trade among individuals, nations, and
organizations to explain why trade results in higher overall levels of production
- Role of Government
Understand how the government influences the well being of people and institutions.
- Economic Analysis
Understand and use the tools of the economist to make informed decisions.
National Voluntary Economics
Comprehensive economics content
standards were developed by the National Council on Economic Education and
the Foundation for Teaching Economics. These content standards serve as the
foundation for teaching economics in our nation’s elementary and secondary
schools. The standards were developed by a panel of economists and economic
educators and includes a rationale for its inclusion; benchmarks indicating
attainment levels for students in grades 4,8, and 12; samples of what students
can do to enhance or demonstrate their understanding of economics; and correlation
of existing EconomicsAmerica publications to the standards. See
- an annotated list of the 20
Voluntary Content Standards in Economics
- handbook, The "what and why"
of the economics content standards