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. | Why is there Scarcity? | |
| Comparative Economic Systems – Capitalism, Socialism, and Communism | ||
| Labor and Productivity | ||
| Opportunity Cost | ||
| The student understands the interaction of supply, demand, and price. | What is Supply? | |
| What is Demand? | ||
| 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. | What is Specialization? | |
| Comparative Advantage | ||
| International Trade | ||
| The student understands the issues of free trade and the effects of trade barriers. | International Trade | |
| The student understands free enterprise, socialist, and communist economic systems. | Comparative Economic Systems – Capitalism, Socialism, and Communism | |
| The student understands the basic characteristics and benefits of a free enterprise system. | Property Rights | |
| What is Economics? | ||
| Benefits of Competition | ||
| The student understands the right to own, use, and dispose of private property. | Property Rights | |
| Government impact on the economy | ||
| The student understands the circular-flow model of the economy. | The Business Cycle | |
| The student understands types of market structures. | Comparative Economic Systems – Capitalism, Socialism, and Communism | |
| The student understands key economic measurements. | Major Economic Indicators (GDP, CPI, Jobs) | |
| The Business Cycle | ||
| The student understands key components of economic growth. | What is Economic Growth? | |
| The student understands the role of money in an economy. | What is Money? | |
| Debit Cards | ||
| Credit Cards | ||
| The student understands the role of the Federal Reserve System in establishing monetary policy. | What is the Federal Reserve? | |
| Monetary Policy | ||
| The student understands the role that the government plays in the U.S. free enterprise system. | Property Rights | |
| Government impact on the economy | ||
| The student understands the economic impact of fiscal policy decisions at the local, state, and national levels. | Fiscal Policy | |
| The student understands types of business ownership. | Types of Companies | |
| What is Entrepreneurship? | ||
| Issuing stock and dividends | ||
| The student understands the role of financial markets/institutions in saving, borrowing, and capital formation. | Banks, Credit Unions, and Savings and Loans | |
| The student understands the role of individuals in financial markets. | Investing Strategies | |
| Budgeting and Spending Strategies | ||
| Spending and Savings Plans | ||
| Preparing For Retirement | ||
| Reconciling accounts | ||
| Saving to be a Millionaire Calculator | ||
| Credit Cards | ||
| Short-Term Financing | ||
| Mortgages | ||
| Using Credit | ||
| Credit Reports | ||
| The student applies critical-thinking skills to analyze the costs and benefits of personal financial decisions. | Credit Cards | |
| Bankruptcy | ||
| Types of Insurance | ||
| The student understands how to provide for basic needs while living within a budget. | Buy vs Lease Calculator | |
| Mortgages | ||
| Home Budget Calculator |