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Personal Finance Standards Database

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New Mexico
Social Studies Standards
9th-12th Grades
New Mexico
New Mexico

9th-12th Grades
State Standards

5: Economics/Personal Financial Literacy 5. Economic Decision Making
9-12.Econ.13: Apply understanding of economic concepts and systems to analyze decision making and the interactions between consumers, business, government, and societies.
9-12.Econ.14: Gather and evaluate sources to explain the relationship between economic decisions and environmental consequences.
9-12.Econ.15: Use cost-benefit analysis and marginal analysis to evaluate an economic issue.
9-12.Econ.16: Evaluate how economic principles influence choices and can produce varied outcomes for different individuals or groups.
9-12.Econ.17: Evaluate the market value of income earned through wages and other activities associated with saving and investing.
7: Economics/Personal Financial Literacy 7. Economic Systems and Models
9-12.Econ.18: Analyze the production, distribution, and consumption of goods and services.
9-12.Econ.19: Evaluate economic theories for their compatibility with democracy.
9-12.Econ.20: Compare the advantages and disadvantages of major economic systems found around the world.
9-12.Econ.21: Critique inequalities that exist in economic systems.
9-12.Econ.22: Use economic data to evaluate the positive and negative aspects of U.S. capitalism in relationship to other economic systems.
9-12.Econ.23: Analyze how national and global economic trends, practices, and policies impact the state and local economies in New Mexico.
9-12.Econ.24: Critique the impact of globalization on New Mexico and its citizens.
9-12.Econ.25: Evaluate the impact of environmental externalities in New Mexico’s communities.
9-12.Econ.26: Evaluate opportunities for economic diversification that can significantly impact state and local conditions.
8: Economics/Personal Financial Literacy 8. Money and Markets
9-12.Econ.27: Explain how buyers and sellers interact to create markets and market structures.
9-12.Econ.28: Evaluate how a variety of factors and conditions in a market determine price and the allocation of scarce goods and resources.
9-12.Econ.29: Evaluate the role played by competition in the market.
9-12.Econ.30: Evaluate the role of financial institutions in a market economy
9-12.Econ.31: Analyze the role of money in the economy.
9-12.Econ.32: Critique specific government policies or regulations initiated to improve market outcomes and the consequences, both intended and unintended, experienced by individuals, businesses, communities, and states.
9-12.Econ.33: Generate possible explanations for a government role in markets when market inefficiencies exist.
9-12.Econ.34: Evaluate the causes and implications of market failures.
9-12.Econ.35: Explain how governments establish the rules and institutions in which markets operate at the local, state, tribal, national, and international levels.
9-12.Econ.36: Use economic indicators and data to analyze the health of the U.S. economy in relation to other countries
9-12.Econ.37: Evaluate how fiscal and monetary policy choices have economic consequences for different stakeholders in a variety of economic conditions
9-12.Econ.38: Evaluate foreign and domestic issues related to U.S. economic growth over time.
9-12.Econ.39: Explain the effect of advancements in technology and training on economic growth and standards of living across diverse groups and circumstances.
9: Economics/Personal Financial Literacy 9. Global Economy
9-12.Econ.40: Explain how current globalization trends and policies affect economic growth, labor, markets, rights of citizens, the environment, and resource and income distribution in different nations.
9-12.Econ.41: Explain how economic conditions and policies in one nation increasingly affect economic conditions and policies in other nations.
9-12.Econ.42: Evaluate how geography, demographics, industry structure, and the rules of economic institutions influence a nation's economic development.
9-12.Econ.43: Analyze why a country might participate in global trade.
9-12.Econ.44: Connect how trade agreements between nations have short- and long-term effects.
9-12.Econ.45: Construct an argument about how global interdependence impacts individuals, institutions, and societies based on documented evidence.
10: Economics/Personal Financial Literacy 10. Personal Financial Literacy
9-12.Econ.46: Explain how and why people make choices to improve their economic well-being.
9-12.Econ.52: Evaluate options for payment on credit cards and the consequences of each option.
9-12.Econ.53: Describe how a credit score impacts the ability to borrow money and at what rate.
9-12.Econ.47: Compare the costs and benefits of saving, using credit, and or making certain types of financial investments.
9-12.Econ.48: Evaluate how and why individuals choose to accept risk, reduce risk, or transfer risk to others.
9-12.Econ.49: Investigate ways that personal information is fraudulently obtained.
9-12.Econ.50: Identify voluntary (e.g., retirement contributions) and involuntary deductions (e.g., payroll taxes) and how they impact net income
9-12.Econ.51: Prepare a budget or spending plan that depicts varying sources of income, a planned saving strategy, taxes, and other sources of fixed and variable spending.
6.9: Global Economy
9-12.WH.13: Evaluate the impact of global interconnectedness on international economic stability and growth.
9-12.WH.14: Analyze how national and global economic trends and policies impact New Mexico's state and local economies.
9-12.NMH.29.: Discuss the sequence of events that led to the Great Depression and the implementation of New Deal programs in New Mexico, including the efficacy of the programs for different communities.
9-12.NMH.34.: Summarize how the United States and the Soviet Union emerged from World War II as superpowers and articulate the difference between communism and capitalism.
9-12.NMH.40: Analyze the private and public industries that have impacted New Mexico's economy.
9-12.NMH.41: Evaluate the main sources of income for Indigenous populations and how they might be different.