Economics

The student understands the factors that caused Texas to change from an agrarian to an urban society. The student is expected to:

Explain economic factors that led to the urbanization of Texas;

Trace the development of major industries that contributed to the urbanization of Texas such as transportation, oil and gas, and manufacturing;

Explain the changes in the types of jobs and occupations that have resulted from the urbanization of Texas.

The student understands the interdependence of the Texas economy with the United States and the world. The student is expected to:

Analyze the impact of national and international markets and events on the production of goods and services in Texas such as agriculture, oil and gas, and computer technology;

Analyze the impact of economic concepts within the free enterprise system such as supply and demand, profit, government regulation, and world competition on the economy of Texas;

Analyze the impact of significant industries in Texas such as oil and gas, aerospace, medical, and computer technologies on local, national, and international markets.