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Illlinois Learning Standards
Area Goal Standard Benchmark Benchmark Number
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain how market prices signal producers about what, how and how much to produce.  15.A.3a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain the relationship between productivity and wages.  15.A.3b 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Describe the relationship between consumer purchases and businesses paying for productive resources.  15.A.3c 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Describe the causes of unemployment (e.g., seasonal fluctuation in demand, changing jobs, changing skill requirements, national spending).  15.A.3d 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain how national economies vary in the extent that government and private markets help allocate goods, services and resources.  15.A.4a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Describe Gross Domestic Product (GDP).  15.A.4b 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Analyze the impact of inflation on an individual and the economy as a whole.  15.A.4c 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain the effects of unemployment on the economy.  15.A.4d 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain the impact of various determinants of economic growth (e.g., investments in human/physical capital, research and development, technological change) on the economy.  15.A.5a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Analyze the impact of economic growth.  15.A.5b 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Analyze the impact of various determinants on the levels of GDP (e.g., quantity/quality of natural/capital resources, size/skills of the labor force).  15.A.5c 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand how different economic systems operate in the exchange, production, distribution and consumption of goods and services.  Explain the comparative value of the Consumer Price Index (e.g., goods and services in one year with earlier or later periods).  15.A.5d 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Explain why consumers must make choices.  15.B.1 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Identify factors that affect how consumers make their choices.  15.B.2a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Explain the relationship between the quantity of goods/services purchased and their price.  15.B.2b 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Explain that when a choice is made, something else is given up.  15.B.2c 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Describe the “market clearing price” of a good or service.  15.B.3a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Explain the effects of choice and competition on individuals and the economy as a whole.  15.B.3b 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Explain the costs and benefits of making consumer purchases through differing means (e.g., credit, cash).  15.B.4a 
SOCIAL SCIENCE  Goal 15: Understand economic systems, with an emphasis on the United States.  Understand that scarcity necessitates choices by consumers.  Analyze the impact of current events (e.g., weather/natural disasters, wars) on consumer prices.  15.B.4b 
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