National Economic Principles and Policies

National Economics – Business Cycle and Economic Growth ECO.9A Interpret economic data, including unemployment rate, gross domestic product, gross domestic product per capita as a measure of national wealth, and rate of inflation. ECO.9B Analyze business cycles using key economic indicators. ECO.10A Analyze how productivity relates to growth. ECO.10B Analyze how technology relates to growth ECO.10C Analyze how trade relates to growth. ECO.21E Evaluate economic data using charts, tables, graphs, and maps ECO.22A Use social studies terminology correctly. ECO.22B Create written, oral, and visual presentations of economic information using effective communication skills, including proper citations and avoiding plagiarism. 

Money and Monetary Policy ECO.11A Describe the functions of money. ECO.11B Describe the characteristics of money, including commodity money, fiat money, and representative money. ECO.11C Analyze the positive and negative aspects of barter, currency, credit cards, and debit cards. ECO.12A Explain the structure of the Federal Reserve System. ECO.12B Analyze the three basic tools used to implement U.S. monetary policy, including reserve requirements, the discount rate and the federal funds rate target, and open-market operations. ECO.12C Explain how the actions of the Federal Reserve System affect the nation's money supply. ECO.12D Describe the current role of the U.S. dollar in trade in the world market and analyze how that has changed over time, in particular since departing from the gold standard in 1971. ECO.21A Analyze economic information by sequencing, categorizing, identifying cause-and-effect relationships, comparing, contrasting, finding the main idea, summarizing, making generalizations and predictions, and drawing inferences and conclusions. ECO.21E Evaluate economic data using charts, tables, graphs, and maps ECO.22A Use social studies terminology correctly. 

: Fiscal Policy ECO.13A Describe the role of government in the U.S. free enterprise system and the changes in that role over time. ECO.13B Analyze the costs and benefits of U.S. economic policies, rules, and regulations related to the economic goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency. ECO.14A Identify types of taxes at the local, state, and national levels and the economic importance of each. ECO.14B Analyze the categories of revenues and expenditures in the U.S. federal budget. ECO.14C Analyze the impact of fiscal policy decisions on the economy. ECO.21C Explain a point of view on an economic issue. ECO.21D Analyze and evaluate the validity of economic information from primary and secondary sources for bias, propaganda, point of view, and frame of reference. ECO.21E Evaluate economic data using charts, tables, graphs, and maps ECO.22A Use social studies terminology correctly.