Sign in with Google Standards for Exchange Rates
National Standards in Economics
Name: Markets and Prices
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
Common Core State Standards
Name: HSA-CED.A
Standard: High School: Algebra
Area: High School: Algebra
- Create equations that describe numbers or relationships.
Name: HSA-REI.A
Standard: High School: Algebra
Area: High School: Algebra
- Understand solving equations as a process of reasoning and explain the reasoning.
Name: HSA-REI.B
Standard: High School: Algebra
Area: High School: Algebra
- Solve equations and inequalities in one variable.
Name: HSA-SSE.A
Standard: High School: Algebra
Area: High School: Algebra
- Interpret the structure of expressions.
Name: MP1
Standard: Standards for Mathematical Practice
Area: Standards for Mathematical Practice
- Make sense of problems and persevere in solving them.
Name: MP4
Standard: Standards for Mathematical Practice
Area: Standards for Mathematical Practice
- Model with mathematics.
