Standards

 Florida State Standards 

3.    Demonstrate understanding of how economic and government institutions apply basic economic concepts and the possible results.
SS.D.2.4.2    understand how price and quantity demanded relate, how price and quantity supplied relate, and how price changes or controls affect distribution and allocation in the economy.
SS.D.2.4.3    understand how government taxes, policies, and programs affect individuals, groups, businesses, and regions.
SS.D.2.4.4    understand how United States fiscal policies and monetary policies reinforce or offset each other and how they affect levels of economic activity, the money supply of the country, and the well-being of individuals, businesses, regions, and the nation.
 

National Standards

 Students will understand that: 
Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.
Students will be able to use this knowledge to:
Anticipate the impact of federal government and Federal Reserve System macroeconomic policy decisions on themselves and others.