By the end of the K-2 program:
A.  Explain how the scarcity of resources requires people to make choices to satisfy their wants.
B.   Distinguish between goods and services and explain how people can be both buyers and sellers of goods and services.
C.  Explain ways that people may obtain goods and services.

By the end of the 3-5 program:
A. Explain the opportunity costs involved in the allocation of scarce productive resources.
B. Explain why entrepreneurship, capital goods, technology, specialization and division of labor are important in the production of goods and services.
C. Explain how competition affects producers and consumers in a market economy and why specialization facilitates trade.

By the end of the 6-8 program:
A.  Explain how the endowment and development of productive resources affect economic decisions and global interactions.
B.    Explain why trade occurs and how historical patterns of trade have contributed to global interdependence.
C.   Identify connections between government policies and the economy.

By the end of the 9-10 program:
A.  Compare how different economic systems answer the fundamental economic questions of what goods and services to produce, how to produce them, and who will consume them.
B.   Explain how the U.S. government provides public services, redistributes income, regulates economic activity, and promotes economic growth and stability.

By the end of the 11-12 program:
A.  Analyze how scarcity of productive resources affects supply, demand, inflation and economic choices.
B.  Identify factors which inhibit or spur economic growth and cause expansions or recessions.
C.  Explain how voluntary worldwide trade, specialization and interdependence among countries affect standards of living and economic growth.
D.  Analyze the role of fiscal and regulatory policies in a mixed economy.
E.  Explain the use of a budget in making personal economic decisions and planning for the future.