Arizona
5th Grade
State Standards
Civic Responsibility
5A financially literate individual understands how to manage income, spending, and investment.
5.E1.1Give examples of financial risks that individuals and households face within the context of the time period studied.
E2By applying economic reasoning, individuals seek to understand the decisions of people, groups, and societies.
5.E2.1Compare the benefits and costs of individual choices within the context of key historical events.
E3Individuals and institutions are interdependent within market systems.
5.E3.1Develop an understanding of the characteristics of entrepreneurship within a market economy and apply these characteristics to individuals during the time‑period studied.
E4The domestic economy is shaped by interactions between government, institutions, and the private sector.
5.E4.1Describe how government decisions on taxation, spending, protections, and regulation affected the national economy during the time‑period being studied.
5.E4.2Analyze how agriculture, new industries, innovative technologies, changes in transportation, and labor impacted the national economy during the time‑period being studied.
E5The interconnected global economy impacts all individuals and groups in significant and varied ways.
5.E5.1Generate questions to explain how trade leads to increasing economic interdependence on different nations.