
Public learning track
Economic Principles, Market Systems, and Personal Finance
7th Grade · Social Studies · US-WY-SS
11 lessons
Goal
Apply core economic concepts including supply, demand, scarcity, market structures, and financial decision-making.
11 lessons
0 of 11 done
- 1Scarcity, Choice, and Opportunity Cost in Daily LifeUp nextStart
- 2Supply, Demand, and Market Equilibrium PricesNot started yetStart
- 3Economic Incentives, Competition, and Business ProfitNot started yetStart
- 4Labor Markets, Wages, and Human CapitalNot started yetStart
- 5Comparing Market, Command, and Mixed Economic SystemsNot started yetStart
- 6Traditional Economies and Indigenous Resource ManagementNot started yetStart
- 7How Technology Transforms Production and Supply ChainsNot started yetStart
- 8The Functions of Money and the Banking SystemNot started yetStart
- 9Personal Financial Decision-Making: Budgeting and CreditNot started yetStart
- 10How Values, Ethics, and Culture Shape Microeconomic ChoicesNot started yetStart
- 11Wyoming's Energy and Natural Resource EconomyNot started yetStart
Standards Covered
- SS8.3.1Wyoming Social Studies Standards · Social Studies · Grade 5 (target) · Grade 5Identify and apply basic economic concepts (e.g., supply, demand, production, exchange and consumption, labor, wages, scarcity, prices, incentives, competition, and profits).
- SS8.3.2Wyoming Social Studies Standards · Social Studies · Grade 5 (target) · Grade 5Compare and contrast how people organize for the production, distribution, and consumption of goods and services in various economic systems (e.g., characteristics of market, command, and mixed economies).
- SS8.3.3Wyoming Social Studies Standards · Social Studies · Grade 5 (target) · Grade 5Describe the impact of technological advancements on production, distribution, and consumption. (e.g., businesses and/or corporations in the United States and the world).
- SS8.3.4Wyoming Social Studies Standards · Social Studies · Grade 5 (target) · Grade 5Explain or illustrate how money is used by individuals, groups, and financial institutions.
- SS8.3.5Wyoming Social Studies Standards · Social Studies · Grade 5 (target) · Grade 5Describe how values and beliefs influence individual, family, and business decisions (microeconomics).
Curriculum Framework
7th Grade · Social Studies · US-WY-SS
1
4 lessons
Foundations of U.S. and Wyoming Constitutional Government
Examine the structure, principles, amendments, and comparative frameworks of the United States and Wyoming state constitutions.
2
8 lessons
Tribal Sovereignty, Indian Law, and Comparative Governance
Analyze the constitutional basis of tribal sovereignty, federal Indian law, Wind River tribal governance, and comparative political systems.
3
9 lessons
Citizenship, Legal Systems, and Political Participation
Analyze the rights and duties of U.S. and tribal citizens, compare civil and criminal legal systems, and evaluate methods of civic engagement.
4
11 lessons
Economic Principles, Market Systems, and Personal Finance
Apply core economic concepts including supply, demand, scarcity, market structures, and financial decision-making.
5
10 lessons
Indigenous Cultures, Plains Tribes, and Federal Policy
Evaluate the cultural traditions, sovereignty, and historical impacts of federal Indian policies on the Indigenous tribes of Wyoming and the Plains.
6
10 lessons
Early America: Colonization and the American Revolution
Analyze the social, economic, and political factors leading from European colonization and the French and Indian War to American independence.
7
10 lessons
The Early Republic and Westward Expansion
Analyze the political development of the early republic, the ideology of Manifest Destiny, and the impact of westward expansion on Indigenous nations.
8
10 lessons
Sectionalism, The Civil War, and Reconstruction
Examine the roots of sectional division, the major events and turning points of the Civil War, and the constitutional transformation during Reconstruction.
9
9 lessons
Industrialization, Innovation, and Social Change
Analyze how technological innovations, industrial expansion, urbanization, and labor movements transformed American society and Wyoming.
10
9 lessons
Culture, Human Expression, and Community Diversity
Analyze how cultural traditions, arts, belief systems, and social institutions meet human needs and shape identities across diverse communities.
11
9 lessons
Geography, Global Connections, and Historical Inquiry
Utilize geographic models and spatial tools to analyze global interconnectedness, and master primary and secondary source inquiry methods.
12
9 lessons
Human-Environment Interaction, Migration, and Settlement in Wyoming
Analyze how physical geography, natural resources, and demographics shape human settlement patterns, tribal lands, and environmental change across Wyoming and the American West.
13
7 lessons
Social Studies Inquiry, Digital Research, and Historical Writing
Conduct rigorous historical research using digital tools, evaluate information across diverse media formats, and construct evidence-based written arguments.