Economics
Standards Background
The National Council on Economic Education (NCEE), in partnership with the National Association of Economic Educators and the Foundation for Teaching Economics, has outlined a set of curriculum standards based on the essential principles of economics. This document, titled Voluntary National Content Standards in Economics, includes twenty content standards, each of which were developed by a panel of economists and economic educators
USAD and the Voluntary National Content Standards in Economics
USAD’s 2011–2012 economics curriculum addresses all twenty of the NCEE’s Voluntary National Content Standards in Economics:
STANDARD 1: Scarcity
STANDARD 2: Marginal Cost/Benefit
STANDARD 3: Allocation of Goods and Services
STANDARD 4: Role of Incentives
STANDARD 5: Gain from Trade
STANDARD 6: Specialization and Trade
STANDARD 7: Markets – Price and Quantity Determination
STANDARD 8: Role of Price in Market System
STANDARD 9: Role of Competition
STANDARD 10: Role of Economic Institutions
STANDARD 11: Role of Money