Oklahoma Social Studies TOT.P.2.4

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

• TOT.P.2.4.A

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

• TOT.P.2.4.B

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

• TOT.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 identify who sets prices and production in market, command, and mixed economies. They explain how market choices can help local buyers, national firms, and international traders. They read charts, predict trends, and use evidence to argue how past or current policies affect markets, including unexpected results.

02

What Mastery Looks Like

A student can sort examples of market, command, and mixed decisions and explain a benefit of market trade at local, national, and global levels. They name a trend using graph values and make a prediction that fits the data. They use price and jobs data to argue how a tariff may protect some workers but raise costs for buyers.

03

Common Misconceptions

Students may label an economy entirely free market or entirely government-run, overlooking mixed systems. They may treat a rising line as proof that a policy caused the rise. They may say a tariff only helps domestic firms, overlooking higher prices for buyers and effects on foreign sellers.

04

How to Assess It

Draw a line graph showing steel prices of $500, $520, and $550 per ton from 2022 to 2024, with a tariff added in 2023. Ask students to predict the 2025 price, cite two graph values, and name one intended and one possible unintended effect of the tariff.

1. 01

   Give pairs 20 tokens and buyer and seller cards; run two rounds of trading, then add a $2 tax and record price changes.

2. 02

   Post a jobs chart and a price chart; ask, 'Who gains and who pays when a country taxes imports?'

3. 03

   Play graph detective: hand out three unemployment graphs; teams label each trend, predict the next year, and defend predictions with two values.

4. 04

   Hand out a sample grocery receipt and a world coffee price chart; students trace how a price jump could affect a local café.

• 2.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.

• K.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.

• 5.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.

• MWH.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.