2nd Grade

State Standards

SS.K-12.EFLK-12 Economic and Financial Literacy Standards - Alaska Social Studies

SS.K-2Kindergarten through Grade 2 Standards

SS.K-2.11Economics Anchor Standard 11: Economic Systems, Models, and Markets

SS.K.1.11.1With support, identify examples of goods and services.

SS.1.1.11.1With support, explain the difference between producers and consumers.

SS.2.1.11.1Describe the skills and knowledge required to produce certain goods and services.

SS.K.2.11.1Participate in discussions about goods and services in the local community.

SS.1.2.11.1Compare and contrast goods produced in the local community with those produced elsewhere.

SS.2.2.11.1Describe the goods and services that people in the local community produce and those that are produced in other communities.

SS.1.3.11.1Identify prices of products in a local market.

SS.2.3.11.1Compare the prices of locally produced and non-locally produced goods in local markets.

SS.K.4.11.1Participate in discussions about how people work to support their families.

SS.1.4.11.1Define income.

SS.2.4.11.1Explain how and why people earn money.

SS.2.5.11.1Describe examples of costs of production for local goods and services.

SS.2.6.11.1Participate in discussions about the role of banks in the local economy.

SS.K-2.12Economics Anchor Standard 12: Decision-Making and Personal Finance

SS.K.1.12.1With support, explain the difference between needs and wants.

SS.1.1.12.1Identify situations where goods are in high or low demand.

SS.2.1.12.1Define scarcity and explain how it affects decision-making.

SS.K.2.12.1Explain why people have to make choices between needs and wants.

SS.1.2.12.1Explain how and why households make choices between needs and wants.

SS.2.2.12.1Identify the costs and benefits of personal decisions to the community, and vice versa.

SS.K-2.13Economics Anchor Standard 13: The National Economy

SS.K.1.13.1With support, explain why people save and provide examples from personal experience or literature.

SS.1.1.13.1Examine decisions that people make about spending and saving money.

SS.2.1.13.1Classify savings goals as short-term or long-term.

SS.1.2.13.1With support, describe the difference between public and private providers of goods and services in the local community.

SS.2.2.13.1Identify examples of the goods and services that local governments provide.

SS.2.3.13.1Describe local examples of capital goods and human capital.