EconEdLink and Idaho Content Standards

Grade 9-12: Economics

Table of Contents

Standard 1: History

Goal 1.4: Analyze the political, social, and economic responses to industrialization and technological innovations in the development of the United States.

Objective: 9-12.E.1.4.1 Analyze the impact of events, such as wars, industrialization, and technological developments on the business cycle.


  1. Let Them Eat Cake: Economics and the French Revolution
  2. Evaluating the Great Society Program
  3. Transportation: They Say We Had a Revolution
  4. Economics of the New Deal
  5. The Economics of the Civil Rights Movement
  6. Where Did All the Money Go? The Great Depression Mystery
  7. Is the Information Revolution as Big as the Industrial Revolution?

Standard 2: Geography

Goal 2.4: Analyze the human and physical characteristics of different places and regions.

Objective: 9-12.E.2.4.1 Explain how factors of production are distributed among geographic regions and how this influences economic growth


  1. The Economics of Income: The Rich Nations Mystery
  2. Exchange Rates: How Money Affects Trade
  3. Economic Sectors and International Development
  4. How is Our Economy Doing?
  5. Economic Growth and Institutions Video Series and Quiz

Standard 3: Economics

Goal 3.1: Explain basic economic concepts.

Objective: 9-12.E.3.1.1 Apply the concepts of supply and demand, scarcity, and opportunity costs, and explain their implications in decision making.


  1. Supply, Demand, and Equilibrium Video Series and Quiz
  2. Utility
  3. Would You Demand It?
  4. Price Elasticity: From Tires to Toothpicks
  5. Rationing Transplants: An Ethical Problem
  6. The Costs of Credit
  7. Opportunity Cost
  8. Where Does the Price of Pizza Come From?

Objective: 9-12.E.3.1.2 Identify ways in which the interaction of all buyers and sellers influences prices.


  1. Supply, Demand, and Equilibrium Video Series and Quiz
  2. Owning a Car
  3. Case Study on Productivity (Part 3) - Henry Ford and the Model T
  4. Price Elasticity: From Tires to Toothpicks
  5. Who Decides Wage Rates?
  6. To Buy or Not to Buy?

Objective: 9-12.E.3.1.3 Identify how incentives determine what is produced and distributed in a comparative market system.


  1. Sports Economics: The Mystery of the 2,333,232% Pay Raise
  2. Be an Energy Saver
  3. Case Study on Productivity (Part 2) - Henry Ford and the Model T
  4. Can Election Futures Markets be More Accurate than Polls?
  5. Fewer Watts and Fewer Wallets
  6. It’s a Matter of Power

Objective: 9-12.E.3.1.4 Describe factors of production.


  1. It’s a Matter of Power
  2. Case Study on Productivity (Part 2) - Henry Ford and the Model T
  3. Transportation: They Say We Had a Revolution (Part I)
  4. The Economics of Professional Sports Teams: If you Build It, Will They Come?
  5. Blowing in the Wind
  6. Capital Investments: Human vs. Physical

Objective: 9-12.E.3.1.5 Create and interpret graphs that model economic concepts.


  1. Analyzing the Business Cycle with Piecewise Functions
  2. FRED and the Federal Budget Interactive Lesson
  3. Production Possibilities Curve
  4. Phillips Curve
  5. Graphing and Interpreting Linear Relationships in the Context of Budgeting
  6. Using Slope to Compute Opportunity Cost

Objective: 9-12.E.3.1.6 Explain the difference between monetary policy and fiscal policy and the role of the Federal Reserve.


  1. Just How Powerful is the Fed Chair?
  2. Economic Data Lesson: Economic Policy Options
  3. The Early 1980’s: A Tough Time for Home Builders and Mortgage Bankers
  4. It’s A Not So Wonderful Life
  5. Balancing the Federal Budget
  6. Social Security and the National Debt
  7. Money, Monetary Policy, and the Federal Reserve Video Series and Quiz
  8. FRED and the Federal Budget Interactive Lesson

Objective: 9-12.E.3.1.7 Analyze the various parts of the business cycle and its effect on the economy.


  1. Employment Data: Is the Economy Healthy?
  2. GDP Data: Is the Economy Healthy?
  3. Analyzing the Business Cycle with Piecewise Functions
  4. Unemployment Data: Is the Economy Healthy?
  5. AP Macroeconomics - The Business Cycle: Introduction to Macroeconomic Indicators

Goal 3.2: Identify different influences on economic systems.

Objective: 9-12.E.3.2.1 Compare and contrast the characteristics of different economic systems and economic philosophies.


  1. Comparative Economic Systems: Exploring the Big Economic Questions
  2. Traditional Economies and the Inuit
  3. Economic Forecasting: An Internet WebQuest
  4. Comparative Economic Systems
  5. Broad Social Goals of an Economy
  6. Behavioral Economics Lesson One: Introduction to Behavioral Economics

Objective: 9-12.E.3.2.2 Explain and illustrate the impact of economic policies and decisions made by governments, businesses, and individuals.


  1. The Trans - Pacific Partnership (TPP): Are the Presidential Candidates Telling the Whole Story?
  2. FRED and the Federal Budget Interactive Lesson
  3. President Jackson and the Veto of the Second National Bank
  4. CPI - The Crystal Ball
  5. Understanding the Debt Ceiling Debate and the Budget Control Act of 2011
  6. Money and Elections
  7. Price Ceilings and Price Floors Video Series and Quiz

Objective: 9-12.E.3.2.3 Explain the purpose of labor unions.


  1. AP Microeconomics - Competitions versus Monopsony in Labor Markets
  2. To Keep the Strike Going or to End it? That was the Question
  3. Career Management: Workplace Regulations

Goal 3.3: Analyze different types of economic institutions.

Objective: 9-12.E.3.3.1 Explain the characteristics of various types of business and market structures.


  1. History of Monopolies in the United States
  2. Three Types of Business Organizations
  3. AP Microeconomics - Monopoly
  4. AP Microeconomics - When Markets Fail
  5. Competition and Market Structure Video and Quiz


Objective: 9-12.E.3.3.2 Describe the role of entrepreneurship and successful businesses.


  1. Activating the Entrepreneur Mindset
  2. Sports Economics: To Build or Not to Build
  3. Three Types of Business Organizations
  4. The Entrepreneur in you?
  5. Sports Economics: Worshipping at the Altars of Adi, Phil and Kevin
  6. Understanding and Analyzing an Income Statement

Objective: 9-12.E.3.3.3 Identify the role of financial markets and institutions.


  1. Buy and Hold: A Stock Market Simulation
  2. The Great Recession Simulation
  3. Where did All the Money Go? The Great Depression Mystery
  4. NYSE Made Easy
  5. What is a Stock?
  6. Economic Growth and Institutions Video Series and Quiz

Goal 3.4: Explain the concepts of personal finance.

Objective: 9-12.E.3.4.1 Examine and apply the elements of responsible personal fiscal management, such as budgets, interest, investment, savings, credit, and debt.


  1. Personal Finance Fun and Games Webinar
  2. Spicing Up Personal Finance with Tech
  3. Financial Management: Budgeting
  4. Buying vs. Renting
  5. Personal Finance 103: Interest and Investing
  6. Teaching Personal Finance: Podcasts from Planet Money and Better Money Habits

Objective: 9-12.E.3.4.2 Identify and evaluate sources and examples of consumers’ responsibilities and rights.


  1. Career Management: Workplace Regulations
  2. Banks & Credit Unions (Part I)
  3. Break a Leg
  4. The Hidden Costs of College
  5. Guess Who’s Coming to Dinner
  6. Financial Management: Consumer Options and Protection
  7. Consumer Choice and Decision Making Video Series and Quiz

Objective: 9-12.E.3.4.3 Discuss the impact of taxation as applied to personal finances.


  1. Taxation and the National Debt
  2. Sports Economics: To Build or Not to Build
  3. The Hidden Costs of College
  4. Why cities provide tax breaks even when they are strapped for revenue
  5. Preparing Your Form 1040
  6. Tax Time Scavenger Hunt