Oklahoma Social Studies E.P.2.4

E.P.2.4 is a cluster heading. These are the individual standards under it.

• E.P.2.4.A

  Evaluate economic data from charts and graphs, noting trends and making predictions.

• E.P.2.4.B

  Construct arguments using a combination of evidence regarding solutions used by nations to address historical or contemporary economic issues.

• E.P.2.4.C

  Evaluate the impact, both intended and unintended, of government policies on market outcomes at national and global levels, past and present.

01

What Students Need to Do

Students explain how prices, competition, and choice shape a market, compared with government-set production. They read graphs to spot trends and make predictions. They use evidence to argue how a policy addresses a problem and affects people at home and abroad.

02

What Mastery Looks Like

A student explains how competition can affect prices at a local store. They use a graph and another source to defend a policy choice. They name who gains or loses nationally and globally, including an unintended effect.

03

Common Misconceptions

Students may think markets have no government rules or that price controls help everyone. They may assume a rising national average means every household gains. They may treat a graph's trend as a sure forecast or assume a policy caused any nearby change.

04

How to Assess It

Sketch a line graph showing imported steel prices at $600, $700, and $800 per ton in the three months after a tariff. Ask: “What price might come next? Use the trend and one market principle to argue who might benefit and who might face an unintended cost, at home or abroad.”

1. 01

   Give pairs paper apples, play money, and price cards; run free-price and price-cap rounds, then tally unsold apples and unmet demand.

2. 02

   Show a 1970s U.S. gas price chart and a photo of pump lines; ask who gained, who waited, and why.

3. 03

   Project a three-year unemployment graph; teams race to label the trend, predict the next year, and explain why predictions can fail.

4. 04

   Bring a grocery receipt with imported bananas; have students trace how a new import tariff could affect prices, shoppers, and growers.

• USH.P.2.4

  Identify the principles of economic systems and develop an understanding of the benefits of a market system in local, national, and global settings.

• AWH.P.2.4

  Identify the principles of economic systems and develop an understanding of the benefits of a market system in local, national, and global settings.

• 3.P.2.4

  Identify the principles of economic systems and develop an understanding of the benefits of a market system in local, national, and global settings.

• 4.P.2.4

  Identify the principles of economic systems and develop an understanding of the benefits of a market system in local, national, and global settings.