Oklahoma Academic Standard 4. The student will describe the characteristics of the American economic system. |
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Objective 4.1 Explain the costs and benefits of spending and saving in order to meet needs and wants. |
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In a Nutshell |
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Students should continue to develop their understanding of basic economic concepts by identifying the costs of saving money versus spending earnings for immediate needs or wants. It is important for students to realize that all economic choices possess both benefits to the individual or family, as well as costs. |
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Teacher Action |
Student Action |
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Key Concepts |
Misconceptions |
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Instructional Resources |
Access suggested instructional resources correlated to learning standard and objective.