Oklahoma Social Studies E.C.2.4
The Standard
- E.C.2
- Evaluate how societies answer basic economic questions.
Explain the costs and benefits of government fiduciary policy and regulations including the impact both have on competition.
Oklahoma Academic Standards for Social Studies (2026) · E.C.2
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain how rules for managing public pension money and rules for businesses affect people and firms. They identify who benefits, who pays, and whether a rule changes competition.
What Mastery Looks Like
- Given a pension fund fee-disclosure rule and a food-truck permit rule, a student can name a benefit and a cost of each. They can explain how disclosure may help firms compete on price, while permit costs may keep new sellers out.
Common Misconceptions
- Students may assume every rule reduces competition. They may also count a permit fee as the only cost, missing the time and paperwork needed to follow the rule.
How to Assess It
- Exit ticket: A state pension fund requires investment managers to list all fees before bidding. Name one benefit, one cost, and one possible effect on competition among managers.
Lesson moves
Ways to Teach It
Give pairs three mock pension-manager bids with hidden fees; have them rank the bids, reveal the fees, and rank them again.
Ask: Should a city require a $500 food-truck permit? Write one benefit, one cost, and one effect on new sellers.
Play a prediction game using four cards: pension fee disclosure, food-truck permits, restaurant inspections, and public contract bids.
Give students a $700 food-truck startup budget and a $500 permit bill; ask what the owner must cut to open.
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Related Standards
- E.C.10
Identify the potential economic impact of government policy.
- E.C.10.3
Analyze the costs and benefits of government economic policies, including how political and social goals may influence economic decision-making.
- E.C.4.2
Describe the purpose, costs, and benefits of government funded services.
- E.C.7.6
Evaluate the costs and benefits of incorporation including the expansion of resources and reduction of risks.
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