Economics

SSEIN2 The student will explain why countries sometimes erect trade barriers and sometimes 
advocate free trade. 
a.
Define trade barriers as tariffs, quotas, embargoes, standards, and subsidies. 
b.
Identify costs and benefits of trade barriers over time. 
c.
List specific examples of trade barriers. 
d.
List specific examples of trading blocks such as the EU, NAFTA, and ASEAN. 
e.
Evaluate arguments for and against free trade. 
 
SSEIN3 The student will explain how changes in exchange rates can have an impact on the 
purchasing power of individuals in the United States and in other countries. 
a.
Define exchange rate as the price of one nation’s currency in terms of another nation’s 
currency. 
b.
Locate information on exchange rates. 
c.
Interpret exchange rate tables. 
d.
Explain why, when exchange rates change, some groups benefit and others lose. 

---

Economics Social Studies Georgia Performance Standards
 
 
Georgia Department of Education 
Revised 08/01/2012 

Page 4 of 10 
Copyright 2012 © All Rights Reserved
Personal Finance Economics
 
SSEPF1 The student will apply rational decision making to personal spending and saving 
choices. 
a.
Explain that people respond to positive and negative incentives in predictable ways. 
b.
Use a rational decision making model to select one option over another. 
c.
Create a savings or financial investment plan for a future goal. 
SSEPF2 The student will explain that banks and other financial institutions are businesses that 
channel funds from savers to investors. 
a.
Compare services offered by different financial institutions. 
b.
Explain reasons for the spread between interest charged and interest earned. 
c.
Give examples of the direct relationship between risk and return. 
d.
Evaluate a variety of savings and investment options; include stocks, bonds, and mutual funds.