Proficiency Statement and Indicators Students should be able to:
Compare the characteristics of Indiana’s changing economy in the past and present
and predict future trends.
Explain how the scarcity of natural, human, and capital resources has affected economic
choices in Indiana. Explain how money makes trade (barter) easier.
Explain how goods and services produced in Indiana have changed over time.
Give examples of how increases in productivity have affected Indiana business and agriculture.
Compare and contrast manufactured and agricultural products of Indiana with those of states
in different regions.
Describe the importance of Indiana’s products in world trade.
Examine the sources and uses of state tax revenues.
Describe how business leaders and entrepreneurs have influenced Indiana history.
Sample Student Activities Students might:
Construct a pictorial map of different goods and services produced in Indiana.
Make a chart or a collage showing the different types of money used.
Take a study trip to a museum to examine early Indiana products. Compare with
present-day products.
In small groups, gather information on Indiana inventors and report on how they affected
business and agriculture.
Make a graph comparing Indiana’s products with those of other states. Use the information
gathered to set up a "Hoosier Mini-Economy" (see Resource Section).
1) Take a study trip to an Indiana port. Gather information and make a chart of products
shipped from Indiana and products shipped to the state. 2) Construct a map showing major
exports from Indiana to world locations; explain why Indiana is among the major exporting states.
Make graphs of major sources of state revenues and major categories of spending.
Research and report on the lives and work of specific business leaders and entrepreneurs.
