6th-8th Grades

State Standards

Students draw from concepts and processes in personal finance to understand issues of money management, saving, investing, credit, and debt; students draw from concepts and processes in economics to understand issues of production, distribution, consumption in the community, Maine, the United States, and the world.

Personal Finance: Students understand the principles and processes of personal finance by:

F1Explaining how scarcity influences choices and relates to the market economy.

F2Identifying factors that contribute to spending and savings decisions.

D1Using a process for making spending and savings decisions based on work, wages, income, expenses, and budgets as they relate to the study of individual financial choices. *

Economics: Students understand the principles and processes of personal economics, the influence of economics on personal life and business, and the economic systems of Maine, the United States, and various regions of the world by:

F1Describing the functions of financial institutions.

F2Describing the function and process of taxation.

D1Explaining how scarcity requires choices and relates to the market economy, entrepreneurship, supply and demand.

Global Connections: Students understand economic aspects of unity and diversity in Maine, the United States, and various world cultures, including Maine Native Americans, by:

F1Researching the pros and cons of economic processes, economic institutions, and economic influences of diverse cultures, including Maine Native Americans, various historical and recent immigrant groups in the United States, and various cultures in the world to propose a solution to an economic problem. *

D1Describing factors in economic development, and how states, regions, and nations have worked together to promote economic unity and interdependence.