Open & Operating relates to the following economics content standards in the nine states served by the Federal Reserve Bank of San Francisco.
Alaska Content Standards for Government and Citizenship (Grades 9-12)
Content Standard F: A student should understand the economies of the United States and the state and their relationships to the global economy.
A student who meets the content standard should:
#6: understand the role of economic institutions in the United States, including the Federal Reserve Board, trade unions, banks, investors, and the stock market
Arizona Content Standards for Economics (Grades 9-12)
Standard 4: Economics
Students develop economic reasoning skills to apply basic economic concepts, assess problems, make choices, and evaluate the choices of others as consumers, workers, and citizens participating in local, national, and global economies.
4SS-P2. Use economic concepts, theories, principles, and quantitative methods to analyze current events, with emphasis on:
PO 3. evaluating the economic implications of current events as found in such sources as magazine articles, newspaper articles, radio and television reports, editorials, and Internet sites
4SS-P3. Describe how households and firms are interdependent and how their relationship is affected by trade, exchange, money, and banking, with emphasis on:
PO 4. the role of financial institutions and securities markets
4SS-P7. Describe the basic principles of macroeconomics, with emphasis on:
PO 5. the functions of the Federal Reserve System and its influence on the economy
California History-Social Science Content Standards Principles of Economics (Grade 12)
12.3 Students analyze the influence of the federal government on the American economy.
4. Understand the aims and tools of monetary policy and their influence on economic activity (e.g., the Federal Reserve).
Hawaii Economics Content Standards and Grade Cluster Benchmarks (Grades 9-12)
Benchmark #4: Role of Government
4. Students understand how the government influences the well being of people and institutions.
#2. Analyze the functions of the Federal Reserve System and the government role to set policy and how these policies influence the economy.
Idaho Power Standards for Social Studies: High School Economics
01. Understand there are many influences on economic systems.
c. Describe and illustrate the impact of governmental policies and decisions on economic systems.
513. Economic Institutions
01. Know the different types of economic institutions and understand how they differ from one another.
Nevada Economics Content Standards (Grade 12)
5.12.3 Explain how the Federal Reserve influences bank loan activity using the reserve requirement, discount rate, and open market operations.
Oregon Content Standards for the Social Sciences (Grade 10)
Economics: Understand economic concepts and principles and how available resources are allocated in a market economy.
Benchmark Standard 4 – CIM
Content standard: Understand the role of government and institutions (i.e. banks) in an economy.
CIM/CAM – Understand how government responds to problems in the economy (rapid inflation or rising unemployment) with fiscal and/or monetary policies.
Content standard: Understand the purpose and functions of money in the economy.
CIM/CAM – Understand how money make saving and borrowing easier.
- Understand how money functions in the banking system and as part of fiscal policy.
Utah Core Standards for Social Studies (Grade 12): U.S. Government & Citizenship
Standard 5: Students will understand basic economic principles and how they influence everyday life.
Washington Essential Academic Learning Requirements for Economics (Grade 9-12)
3. Students understand the role of government and institutions in past and present economic systems.
3.2 Understand the role of money, banking, and financial institutions and how individuals and businesses use them
3.2.3a Understand the role of national and international financial institutions in controlling the monetary supply, influencing prices and production, and the activities of other financial institutions