TEKS Economics Standards

TEKS Economics Standards Alignment

Texas publishes TEKS for Economics with Emphasis on the Free Enterprise System and Its Benefits (118.4). These standards align with a fusion of topics from our Economics, Career Readiness, Personal Finance, and Management libraries of activities.

Activity Type Key:

Articles
Videos
Interactive Calculators
Comprehensive Tools
Includes Built-In Assessment

Standard Activity Activity Type
The student understands the concepts of scarcity and opportunity costs. Lesson – Why Is There Scarcity?
Lesson – Mortgage Math and Ratios
Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Lesson – Why Do Some Jobs Pay More Than Others?
Lesson – What is Opportunity Cost?
The student understands the interaction of supply, demand, and price. Lesson – What is Supply?
Lesson – What is Demand?
Lesson – Supply and Demand Examples in the Stock Market
The student understands the reasons for international trade and its importance to the United States and the global economy. Lesson – What is Specialization?
Lesson – What Is Comparative Advantage?
Lesson – How Global Trade Shapes Our Economy
The student understands the issues of free trade and the effects of trade barriers. Lesson – How Global Trade Shapes Our Economy
The student understands free enterprise, socialist, and communist economic systems. Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
The student understands the basic characteristics and benefits of a free enterprise system. Lesson – What Are Property Rights?
Lesson – What is Economics?
Lesson – Benefits of Competition
The student understands the right to own, use, and dispose of private property. Lesson – What Are Property Rights?
Lesson – Government Impact on the Economy
The student understands the circular-flow model of the economy. Lesson – The Business Cycle
The student understands types of market structures. Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
The student understands key economic measurements. Lesson – Major Economic Indicators (GDP, CPI, Jobs)
Lesson – The Business Cycle
The student understands key components of economic growth. Lesson – What is Economic Growth?
The student understands the role of money in an economy. Lesson – What is Money?
Lesson – How Debit Cards Work
Lesson – Credit Cards: Terms, Fees, and More
The student understands the role of the Federal Reserve System in establishing monetary policy. Lesson – Why You Should Care About the Fed
Lesson – Discretionary Expenses – Understanding Central Tendency
Lesson – What Is Monetary Policy?
The student understands the role that the government plays in the U.S. free enterprise system. Lesson – What Are Property Rights?
Lesson – Government Impact on the Economy
The student understands the economic impact of fiscal policy decisions at the local, state, and national levels. Lesson – What Does Fiscal Policy Mean?
The student understands types of business ownership. Lesson – Types of Companies
Lesson – What is Entrepreneurship?
Lesson – How Companies Raise Capital
The student understands the role of financial markets/institutions in saving, borrowing, and capital formation. Lesson – Choosing the Best Banking Option for You
Lesson – Is an Annuity Right for You?
The student understands the role of individuals in financial markets. Lesson – How to Develop an Investing Strategy
Lesson – Proven Techniques to Stop Overspending
Lesson – Achieve Financial Goals with a Spending Plan
Lesson – The Secret to a Comfortable Retirement
Lesson – Balance Your Books in 10-Minutes
Activity – Crack the Code to Becoming a Millionaire
Lesson – Credit Cards: Terms, Fees, and More
Lesson – What to Do When You Need Money Fast
Lesson – Mortgage Options for First-Time Homebuyers
Lesson – A Beginner's Guide to Borrowing Wisely
Lesson – What Your Credit Report Says About You
The student applies critical-thinking skills to analyze the costs and benefits of personal financial decisions. Lesson – Credit Cards: Terms, Fees, and More
Lesson – What Is Bankruptcy?
Lesson – Types of Insurance
The student understands how to provide for basic needs while living within a budget. Activity – Buy vs. Lease a Car Calculator
Lesson – Mortgage Options for First-Time Homebuyers
Activity – Find Out Your Monthly Home Budget