Standard 2: Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.

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General Information
Number: SS.7.E.2
Title: Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
Type: Standard
Subject: Social Studies
Grade: 7
Strand: Economics

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Access Points

SS.7.E.2.AP.1
Identify how federal, state, and local taxes are used by the government.
SS.7.E.2.AP.2
Identify that the banking system in the United States controls the money supply and interest rates.
SS.7.E.2.AP.3
Identify and describe how U.S. laws and regulations are used to impact and monitor the economy.
SS.7.E.2.AP.4
Identify entrepreneurs from various, gender, social, and ethnic backgrounds who started a successful business.
SS.7.E.2.AP.5
Identify the impact economic institutions had on local, state and/or federal economy.

Related Resources

Vetted resources educators can use to teach the concepts and skills in this topic.

Lesson Plans

Where Do Our Taxes Go?:

In this lesson plan, students will learn that each level of government can tax. Students will then analyze the functions of government and explain how those taxes can support the continuation of those functions. Teachers will help guide students in researching how taxes work at each level of government - federal, state and local. While the research for all students will remain the same for federal and state, it is the local (county) government taxes where they may need some additional support in conducting research.

Type: Lesson Plan

Who Would You Call?:

In this lesson plan, students will identify which level of government would be responsible for addressing a number of concerns.

Type: Lesson Plan

Student Resources

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Parent Resources

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