Louisiana Administrative Code › Title 28 - EDUCATION › Part LXXI - Bulletin 108-Marketing Education Content Standards Curriculum Framework › Chapter 5 - Strands, Standards, and Benchmarks › Section LXXI-511 - Strand 3.0: Economic Foundations

Current through Register Vol. 50, No. 6, June 20, 2024
A.
				Standard 3.1-Understand basic economic concepts.
Benchmarks
Academic Cross-References
Louisiana
Foundation Skills
SCANS Skills
1. Distinguish between economic goods and services.
2. Explain the concept of economic resources.
3. Describe the nature of economics and economic
							 activities.
4. Analyze forms of economic utility.
5. Explain the principles of supply and demand.
6. Examine the concept of price.
ELA
1-3, 4, 5
2-1, 2, 3, 4, 6
3-1, 2, 3
4-1, 2, 3, 4, 5, 6
5-1, 2, 3, 4, 5, 6
7-1,2, 4
Science
SE-B-1, 2, 3, 4, 5, 6
SE-C-1, 2
SE-D-1, 2, 4, 5, 6
Math
N-1, 2, 3, 4, 5, 7
D-6, 7, 8
Social Studies
G-1C-5, 6
G-1D-1, 2, 4
E-1A-1, 2
E-1B-1, 2
E-1C-2
1, 2, 3, 4, 5
Competencies
Resources
Information
Interpersonal Skills
Systems
Foundations
Basic Skills
Thinking Skills
Personal Qualities
B.
				Standard 3.2-Examine the characteristics of economic systems.
Benchmarks
Academic Cross-References
Louisiana
Foundation Skills
SCANS Skills
1. Compare the types of economic systems.
2. Discuss the basic economic freedoms.
3. Assess the relationship between government and
							 business.
4. Examine the concept of private enterprise.
5. Analyze the concept of productivity.
6. Explain the concept of organized labor and
							 business.
7. Discuss the law of diminishing returns.
ELA
1-3, 4, 5
2-1, 2, 3, 4, 6
3-1, 2, 3
4-1, 2, 3, 4, 5, 6
5-1, 2, 3, 4, 5, 6
7-1,2, 4
Science
SE-B-1, 2, 5
SE-D-1
Math
N-1, 2, 3, 4, 5, 6, 7
D-6, 7, 8
Social Studies
C-1B-6
C-1D-1, 2
E-1A-1, 4, 5, 6
E-1B-2, 3
E-1C-2, 4
1, 2, 3, 4, 5
Competencies
Resources
Information
Interpersonal Skills
Systems
Technology
Foundations
Basic Skills
Thinking Skills
Personal Qualities
C.
				Standard 3.3-Examine economic indicators and trends.
Benchmarks
Academic Cross-References
Louisiana
Foundation Skills
SCANS Skills
1. Analyze the goals of a healthy economy.
2. Explain the nature of the Consumer Price Index.
3. Explain the concept of Gross Domestic Product.
4. Explain the impact of unemployment.
5. Compute the standard of living.
ELA
1-3, 4, 5
2-1, 2, 3, 4, 6
3-1, 2, 3
4-1, 2, 3, 4, 5, 6
5-1, 2, 3, 4, 5, 6
7-1,2, 4
Science
SE-B-1, 2, 5
SE-C-2, 3, 4, 5
SE-D-1, 6
Math
N-1, 2, 3, 4, 5, 6, 7
D-6, 7, 8
Social Studies
E-1A-1, 2, 7
E-1B-2, 3
E-1C-1, 2, 3, 4
1, 2, 3, 4, 5
Competencies
Resources
Information
Interpersonal Skills
Systems
Technology
Foundations
Basic Skills
Thinking Skills
Personal Qualities
D.
				Standard 3.4-Examine global economics.
Benchmarks
Academic Cross-References
Louisiana
Foundation Skills
SCANS Skills
1. Explain the nature of international trade.
2. Identify the impact of cultural and social
							 environments on world
trade.
ELA
1-3, 4, 5
2-1, 2, 3, 4, 6
3-1, 2, 3
4-1, 2, 3, 4, 5, 6
5-1, 2, 3, 4, 5, 6
7-1,2, 4
Science
SE-B-3, 5
Social Studies
C-1C-1, 2, 3
E-1A-1, 2, 5, 8
E-1B-2, 3, 4, 5, 6
E-1C-2, 4
H-1C-15
1, 2, 3, 4, 5
Competencies
Resources
Information
Interpersonal Skills
Systems
Technology
Foundations
Basic Skills
Thinking Skills
Personal Qualities
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S.
				  17:6(A)(10) and
				  R.S.
				  17:10.