Common Planner
K–12 Standards

Economics: Grade 1

Other Pennsylvania Social Studies sets

Scarcity and Choice

  •  

    Scarcity and Choice

    1. A.

      Identify scarcity of resources within the family.6.1.1.A

  •  

    Limited Resources

    1. B.

      Identify classroom wants and needs.6.1.1.B

  •  

    Opportunity Costs

    1. C.

      Identify choice based on needs versus wants.6.1.1.C

  •  

    Incentives and Choice

    1. D.

      Identify a choice based on classroom interest.6.1.1.D

Markets and Economic Systems

  •  

    Goods and Services

    1. A.

      Identify goods, consumers, and producers.6.2.1.A

  •  

    Advertising and Media

    1. C.

      Identify advertisements that encourage us to buy things based on want rather than need.6.2.1.C

  •  

    Price Determination

    1. D.

      Explain the role of money in determining price.6.2.1.D

  •  

    Economic Health

    1. E.

      Identify the impact on a community when a business opens.6.2.1.E

  •  

    Economic Systems

    1. G.

      Define an economic system at the individual level.6.2.1.G

Functions of Government

  •  

    Goods and Services

    1. A.

      Identify examples of goods and services.6.3.1.A

  •  

    Government's Role in International Trade

    1. D.

      Identify products produced in the United States.6.3.1.D

Economic Interdependence

  •  

    Specialization

    1. A.

      Identify specialization of work in the community.6.4.1.A

  •  

    Factors Contributing to Economic Interdependence

    1. D.

      Describe how individuals differ in their wants and needs and why people buy and sell things.6.4.1.D

Income, Profit, and Wealth

  •  

    Factors Influencing Wages

    1. A.

      Identify individuals who work for wages in the community.6.5.1.A

  •  

    Labor Productivity

    1. B.

      Identify different jobs and the purpose of each.6.5.1.B

  •  

    Types of Businesses

    1. C.

      Identify businesses and their corresponding goods and service.6.5.1.C

  •  

    Profits and Losses

    1. D.

      Identify ways to earn money.6.5.1.D

  •  

    Distribution of Wealth

    1. E.

      Describe what tools (tangible assets) are necessary to complete a task.6.5.1.E

  •  

    Entrepreneurship

    1. F.

      Identify buyers and sellers (people) buy and sell things.6.5.1.F

  •  

    Costs and Benefits of Saving

    1. G.

      Explain the need to save money.6.5.1.G

Frequently asked questions

What grade levels do these standards cover?
Grade 1
When were these standards adopted?
2012
Where can I read the official document?
Academic Standards for Economics (PreK-3)

Find this useful?

If so, you'll love the standards search built into Common Planner.

Keep exploring

Keep exploring Social Studies standards

Sibling grade bands, other subjects in this jurisdiction, and the same subject across other states.

More Pennsylvania Social Studies sets

Social Studies

Other Pennsylvania subjects

Pennsylvania