1. Access existing economic knowledge by

• Locating economic data sources and relevant economic data
• Retrieving information on particular topics and issues in economics
• Locating published research in economics, and
• Understanding the generation, construction and meaning of economic data

 2. Display command of and interpret existing economic knowledge by

• Understanding and precisely explaining key economic concepts
• Describing how economic concepts can be used
• Evaluating how economic concepts are used in economic analyses published in the popular media (newspapers, internet sources, etc.)
• Summarizing an economic argument (e.g. the principal ideas of an economist or an economic policy issue)

 3. Apply existing economic knowledge by

• Formulating meaningful questions
• Understanding and effectively employing relevant analytical and logical skills to solve problems
• Obtaining insights into socioeconomic phenomena using economic reasoning
• Reasoning systematically and understanding the use of models
• Reasoning quantitatively
• Communicating effectively

 4. Create new economic knowledge by

• Formulating original questions
• Proposing an effective approach to solving a question
• Demonstrating familiarity with research methods intended to conduct original research

 5. Have developed lifelong learning skills by

• Having developed a genuine curiosity about the world
• Having developed an appreciation for using economic concepts, skills and ways of thinking to answer questions one has about the world
• Seeing the world as a mystery that can be unraveled by the use of the economics perspective