(grades 9-12) page(s) where taught … hall economics: principles in action © 2007 ... 100a-100b,...

Prentice Hall Economics: Principles in Action © 2007Correlated to:

Minnesota Learning Standards for Social Studies(Grades 9-12)

MINNESOTA ACADEMIC STANDARDS, HISTORY AND SOCIAL STUDIES

PAGE(S) WHERE TAUGHT(If submission is not a text, cite

appropriate resource(s))

1.Students will identify multiple forms of income and their sources

SE/TE:212, 214, 216, 337, 359

TE: 210A-210B, 330A–330B, 358A-358B

TR: Guided Reading and Review, Economics Assessment Rubric, Economics Skills Activity; Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition

TECH: Transparency Resource Packet, Presentation Pro CD-ROM, Simulations and Data Graphing CD-ROM, Social Studies Skills Tutor CD-ROM, Databank, ExamView Test Bank CD-ROM, TeacherExpress CD-ROM, PHSchool.com

2. Students will recognize types and roles of firms.

SE/TE: 29, 167-168, 170, 184, 208

TE: 22A-22B, 150A-150B, 184A-184B

TR: Learning Styles Activity, Economics Simulation Folder, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


1. Wages and salary, rent, interest, and profit

SE/TE: 29, 220-222, 261, 506-507

TE: 22A-22B, 210A-210B, 242A-242B,

GRADES 9-12

VI. ECONOMICS

A. The Market Economy (Micro Economics)

Standards

The student will understand that in a market economy income is earned in different ways.

Benchmarks

Examples

1SE = Student Edition - TE = Teacher Edition - TR = Teaching Resources - TECH = Technology






TR: Learning Styles Activity, Math Practice Activity, Guided Reading and Review, Economics Skills Activity; Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


2. Corporation (3M), partnership (a law firm), proprietorship (a barber shop)

SE/TE: 184-208

TE: 184A-184B

TR: Learning Styles Activity, Learning Styles Lesson Plan Folder, Economics Skills Activity, Economic Detective Activity, Economics Simulation Folder, Guided Reading and Review, Economics Assessment Rubric, Economics Skills Activity; Guide to the Essentials, Quiz Unit 3 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


1. Students will identify and compare and contrast various industries and the occupations related to them.

SE/TE: 138, 165, 189, 216-217, 257, 276, 317, 344, 537

TE: 124A-124B, 150A-150B, 182A-182B, 210A-210B, 240A-240B, 270A-270B, 300A-300B, 330A-330B,


Standards

The student will understand business organizations, market structures, and financial institutions that operate within our economy.

Benchmarks







TR: Careers in Economics Activity, Economics Cartoon, Learning Styles Activity, Math Practice Activity, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will compare and contrast the concepts of competition and monopoly, and predict consequences of each.

SE/TE: 150-177

TE: 150A-150B

TR: Case Studies Activity, Economic Detective Activity, Learning Styles Activity, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Economics Skills Activity; Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom EditionTECH: Transparency Resource Packet, Presentation Pro CD-ROM, Simulations and Data Graphing CD-ROM, Social Studies Skills Tutor CD-ROM, Databank, ExamView Test Bank CD-ROM, TeacherExpress CD-ROM, PHSchool.com

3. Students will describe various financial institutions, compare and contrast their roles, and explain how those institutions relate to their lives.

SE/TE: 250-263, 273,415-418, 510-11

TE: 242A-242B, 270A-270B, 414A-415B,

TR: Learning Styles Activity, Economic Cartoon, Careers in Economics Activity, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition








1. Tourist, agricultural, health services, oil TE: 124A-124B, 150A-150B, 182A-182B, 210A-210B, 240A-240B, 270A-270B, 300A-300B, 330A-330B,

TR: Careers in Economics Activity, Economics Cartoon, Learning Styles Activity, Math Practice Activity, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition

TECH: Transparency Resource Packet, Presentation Pro CD-ROM, Simulations and Data Graphing CD-ROM, Social Studies Skills Tutor CD-ROM, Databank; ExamView Test Bank CD-ROM, TeacherExpress CD-ROM, PHSchool.com

TE: 124A-124B, 150A-150B, 182A-182B, 210A-210B, 240A-240B, 270A-270B, 300A-300B, 330A-330B,

2. Farmers’ market (competition), electric distribution (monopoly)

SE/TE: 150-177

TE: 150A-150B

TR: Case Studies Activity, Economic Detective Activity, Learning Styles Activity, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Economics Skills Activity; Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition

Examples








3. Banks, credit unions, stock market, the Federal Reserve

SE/TE: 250-263, 273,415-418, 510-11

TE: 242A-242B, 270A-270B, 414A-415B,

TR: Learning Styles Activity, Economic Cartoon, Careers in Economics Activity, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


1. Students will describe the determination of equilibrium market prices by applying principles of supply and demand to markets for goods and services.

SE/TE: 76-99, 100-107, 125, 133-137

TE: 22A-22B, 78A-78B, 100A-100B, 124A-124B


Standards

The student will understand the basic characteristics of markets and the role of prices in modern market economies.Benchmarks







TR: Learning Styles Activity, Economic Skills Activity, Economic Cartoon, Careers in Economics Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will identify the direct and indirect effects of price floors and price ceilings.

SE/TE: 128-132

TE: 124A-124B

TR: Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


3. Students will identify several factors that lead to variation in market prices and quantities exchanged by changes in , and/or demand.

SE/TE: 81, 85-88, 101-106, 133, 139

TE: 78A-78B, 100A-100B, 124A-124B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition








4. Students will explain how interest rates and exchange rates are influenced by market conditions and how changes in interest rates affect individual and business decision-making.

SE/TE: 312-313, 430-431, 458-462

TE: 300A-300B, 414A-414B, 440A-440B

TR: Economic Cartoon, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition

TECH: Transparency Resource Packet, Presentation Pro CD-ROM, Simulations and Data Graphing CD-ROM, Social Studies Skills Tutor CD-ROM, Databank; ExamView Test Bank CD-ROM, TeacherExpress CD-ROM, PHSchool.com

1. Market for wheat SE/TE: 76-99, 100-107, 125, 133-137

TR: Learning Styles Activity, Economic Skills Activity, Economic Cartoon, Careers in Economics Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom EditionTECH: Transparency Resource Packet, Presentation Pro CD-ROM, Simulations and Data Graphing CD-ROM, Social Studies Skills Tutor CD-ROM, Databank, ExamView Test Bank CD-ROM, TeacherExpress CD-ROM, PHSchool.com

Examples

TE: 22A-22B, 78A-78B, 100A-100B, 124A-124B







2. Minimum wage, rent control SE/TE: 128-132

TE: 124A-124B

TR: Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


3. Change in income, population, number of sellers, technology

SE/TE: 81, 85-88, 101-106, 133, 139

TE: 78A-78B, 100A-100B, 124A-124B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


4. Canadian vs. United States’ dollar exchange rate, car loan interest rates

SE/TE: 312-313, 430-431, 458-462

TE: 300A-300B, 414A-414B, 440A-440B

TR: Economic Cartoon, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition








1. Students will explain how competition among sellers often results in lower prices, higher product quality, better customer service and a more efficient allocation of scarce resources.

SE/TE: 30-32, 151-153, 166-169

TE: 22A-22B, 100A-100B

TR: Economic Cartoon, Economics assessment Rubric, Learning Styles Activity, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


1. Evolution of telecommunications SE/TE: 30-32, 151-153, 166-169

TE: 22A-22B, 100A-100B

TR: Economic Cartoon, Economics assessment Rubric, Learning Styles Activity, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition



Standards

The student will understand that firms in a economy experience varying degrees of competition for the good or service that they sell.Benchmarks

Examples







1. Students will explain that entrepreneurs accept the risks associated with organizing productive resources to produce goods and services, with the hope to earn profits.

SE/TE: 5-6, 32, 97, 185-205, 324

TE: 2A-2B, 22A-22B, 78A-78B, 184A-184B, 300A-300B

TR: Learning Styles Activity, Economic Skills Activity, Careers in Economics Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 3 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will describe the role of innovation and profit motive in helping to reduce problems associated with scarcity.

SE/TE: 4, 6, 52-53, 59-60

TE: 2A-2B, 50A-50B

TR: Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition

A. The 2 Economy (Micro Economics)

Standards

The student will understand the risks and opportunities associated with entrepreneurship.

Benchmarks








1. “Famous Dave” Anderson, Bill Gates, local business person

SE/TE: 5-6, 32, 97, 185-205, 324

TE: 2A-2B, 22A-22B, 78A-78B, 184A-184B, 300A-300B

TR: Learning Styles Activity, Economic Skills Activity, Careers in Economics Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 3 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Plastics replacing steel, petroleum developed to replace whale oil

SE/TE: 4, 6, 52-53, 59-60

TE: 2A-2B, 50A-50B

TR: Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


Examples







1. Students will describe the role and characteristics of collective bargaining, as well as the key components of a typical negotiated labor management contract.

SE/TE: 233-234, 236-237

TE: 210A-210B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, The Wall Street Journal Classroom Edition


2. Students will describe and analyze the role of unions in the United States economy in the past and present.

SE/TE: 225, 228-233, 235-236

TE: 210A-210B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


1. Mediation, arbitration, strike SE/TE: 233-234, 236-237

TE: 210A-210B


Standards

The student will understand the role of labor in the economy.

Benchmarks

Examples







TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, The Wall Street Journal Classroom Edition


2. AFL-CIO SE/TE: 225, 228-233, 235-236

TE: 210A-210B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


1. Students will identify that one important role for government in the economy is to secure and enforce property rights.

SE/TE: 52-53, 490-491

TE: 50A-50B, 470A-470B

TR: Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


Standards

The student will understand the economic role of government in a free market economy.

Benchmarks








2. Students will identify and explain public goods.

SE/TE: 62-66

TE: 50A-50B

TR: Guided Reading and Review, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


3. Students will recognize that, in the United States, the federal government enforces antitrust laws and regulations to try to maintain effective levels of competition in as many markets as possible.

SE/TE: 172-176

TE: 50A-50B, 150A-150B

TR: Learning Styles ActivityEconomic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition








4. Students will recognize that some government policies attempt to redistribute income.

SE/TE: 67-70

TE: 50A-50B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


1. Protection from trespassers and thieves, protection from foreign invaders, enforcement of legal contracts

SE/TE: 52-53, 490-491

TE: 50A-50B, 470A-470B

TR: Guided Reading and Review, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


2. Highways, public schools, public libraries, national defense, fireworks displays, lighthouses

SE/TE: 62-66

TE: 50A-50B


Examples








3. Sherman Antitrust Act, break up of AT&T SE/TE: 172-176

TE: 50A-50B, 150A-150B

TR: Learning Styles ActivityEconomic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Progressive income taxes, exemption of food and clothing in sales taxes, Medicaid

SE/TE: 67-70

TE: 50A-50B

TR: Learning Styles Activity, Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition








1. Students will explain that the government pays for the goods and services it provides through taxing and borrowing.

SE/TE: 62-66, 359-363, 365-370, 375-380, 403-408, 542-543

TE: 356A-356B, 386A-386B

TR: Learning Styles Activity, Economic Cartoon, Economic Skills Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will explain how the government regulates economic activity to promote the public welfare, encourage competition, and protect against monopolistic abuses.

SE/TE: 44, 54-55, 118, 128, 130, 172-174, 198, 223-224, 231, 255, 415-418

TE: 22A-22B, 50A-50B, 100A-100B, 124A-124B, 150A-150B, 184A-184B, 210A-210B, 242A-242B, 414A-414B

TR: Learning Styles Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition

B. The National Economy (Macro Economics)

Standards

The student will understand the economic activities of government.

Benchmarks








1. Education, road, police, income tax (16th

Amendment), payroll tax, city sales tax, property tax, war bonds

SE/TE: 62-66, 359-363, 365-370, 375-380, 403-408, 542-543

TE: 356A-356B, 386A-386B

TR: Learning Styles Activity, Economic Cartoon, Economic Skills Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Pollution control, SEC, Federal Reserve, Anti-Trust, child labor laws

SE/TE: 44, 54-55, 118, 128, 130, 172-174, 198, 223-224, 231, 255, 415-418

TE: 22A-22B, 50A-50B, 100A-100B, 124A-124B, 150A-150B, 184A-184B, 210A-210B, 242A-242B, 414A-414B



Examples







1. Students will define and give examples of basic economic terms.

SE/TE: 310-311, 339, 548-558

TE: 300A-300B, 330A-330B,

TR: Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will give examples of measurements that indicate the economic conditions of depression, recession, and expansion.

SE/TE: 306, 310-312, 538

TE: 300A-300B



1. Unemployment, inflation, interest rates, Gross Domestic Product (GDP)

SE/TE: 310-311, 339, 548-558

TE: 300A-300B, 330A-330B,


Standards

The student will understand the concepts that measure the national economy.

Benchmarks

Examples









2. Unemployment and reduction in output during Great Depression, stagflation of 1970s

SE/TE: 306, 310-312, 538

TE: 300A-300B



1. Students will understand and explain that free market economies are regulated primarily by supply and demand, and that competition is essential to a free market economy.

SE/TE: 28-32, 43, 53

TE: 22A-22B, 50A-50B


Standards

The student will understand and explain that the U.S. economy is primarily a free market system.

Benchmarks









1. Students will analyze the interrelationships among the unemployment rate, the inflation rate, and the rate of economic growth.

SE/TE: 301-305, 318-320, 331-336, 338-343

TE: 300A-300B, 330A-330B

TR: Learning Styles Activity, Economic Cartoon, Math Practice Folder, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will describe how the concept of the balance of trade is used to measure the international flow of goods and services.

SE/TE: 445-446, 462-464, 466, 544

TE: 440A-440B


Standards

The student will understand basic measures of overall economic performance.

Benchmarks









1. CPI, GDP SE/TE: 301-305, 318-320, 331-336, 338-343

TE: 300A-300B, 330A-330B

TR: Learning Styles Activity, Economic Cartoon, Math Practice Folder, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Imports and exports SE/TE: 445-446, 462-464, 466, 544

TE: 440A-440B



Examples







1. Students will describe the basic characteristics of economic recessions and economic expansions.

SE/TE: 310-311, 315-316, 399-408

TE: 300A-300B, 383A-386B

TR: Economic Cartoon, Math Practice Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will understand some of the reasons for fluctuations in economic activity.

SE/TE: 85-88, 94-95, 116-120, 313, 442, 539

TE: 78A-78B, 100A-100B, 300A-300B, 440A-440B

TR: Learning Styles Activity, Economic Cartoon, Economic Detective Activity, Case Studies Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition



Standards

The student will analyze the causes and consequences of overall economic fluctuations.

Benchmarks







1. Changes in unemployment and/or income

SE/TE: 310-311, 315-316, 399-408

TE: 300A-300B, 383A-386B

TR: Economic Cartoon, Math Practice Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Natural disasters, oil prices in the 1970s, changes in consumer confidence

SE/TE: 85-88, 94-95, 116-120, 313, 442, 539

TE: 78A-78B, 100A-100B, 300A-300B, 440A-440B

TR: Learning Styles Activity, Economic Cartoon, Economic Detective Activity, Case Studies Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 2 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


Examples







1. Students will identify that fiscal policies are decisions to change spending and/or tax levels by the federal government.

SE/TE: 387-391, 408

TE: 386A-386B



2. Students will explain the direct and indirect effects of fiscal policy on employment, output, and interest rates.

SE/TE: 391-400, 406

TE: 386A-386B

TR: Economic Skills Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition



Standards

The student will understand the influence of federal government budgetary policy and the Federal Reserve System’s monetary policy.

Benchmarks







3. Students will explain the relationship between federal budget deficits and the national debt.

SE/TE: 387-389, 403-408, 410-411

TE: 386A-386B

TR: Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Students will identify the ways in which monetary policy influences employment, output, inflation, and interest rates.

SE/TE: 254-256, 415-418, 420-423, 425, 430-435

TE: 242A-242B, 414A-414B

TR: Learning Styles Activity, Economic Cartoon, Case Studies, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


5. Students will explain how interest rates influence business investment spending and consumer spending on housing, cars, and other major purchases.

SE/TE: 312-313, 342, 430-431

TE: 300A-300B, 414A-414B







TR: Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


1. Tax cuts SE/TE: 387-391, 408

TE: 386A-386B



2. Multiplier effect of government spending, crowding out

SE/TE: 391-400, 406

TE: 386A-386B

TR: Economic Skills Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


Examples







3. Debt clock, federal government budget SE/TE: 387-389, 403-408, 410-411

TE: 386A-386B

TR: Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Interpretation of news item covering Federal Reserve policies

SE/TE: 254-256, 415-418, 420-423, 425, 430-435

TE: 242A-242B, 414A-414B

TR: Learning Styles Activity, Economic Cartoon, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 6 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


5. Refinance mortgages, interest rate incentives on new automobiles

SE/TE: 312-313, 342, 430-431

TE: 300A-300B, 414A-414B

TR: Economic Cartoon, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition








1. Students will explain that Gross Domestic Product (GDP) per capita is a measure that permits comparisons of material living standards over time and among people in different nations.

SE/TE: 57, 300-308, 318-320, 471-472, 552

TE: 300A-300B, 470A-470B,

TR: Economic Cartoon, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will identify that the productivity of workers is measured by dividing the output of goods and services by the number of hours worked.

SE/TE: 219, 324-325, 328-329

TE: 210A-210B, 300A-300B

TR:, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


Standards

The student will understand that economic growth is the primary means by which a country can improve the future economic standard of living for its citizens.

Benchmarks








3. Students will recognize that standards of living increase as the productivity of workers rises.

SE/TE: 59-60, 319-320, 325, 546-547

TE: 50A-50B, 300A-300B

TR: Learning Styles Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Students will understand that investments in physical capital (machinery, equipment, and structures), human capital (education, training, skills), and new technologies commonly increase productivity and contribute to an expansion of future economic prosperity.

SE/TE: 4-5, 59-60, 271, 322-325, 480-481, 552, 555

TE: 2A-2B, 50A-50B, 300A-300B, 470A-470B

TR: Learning Styles Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition








1. Bangladesh vs. Singapore vs. United States

SE/TE: 57, 300-308, 318-320, 471-472, 552

TE: 300A-300B, 470A-470B,

TR: Economic Cartoon, Math Practice Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Productivity simulation SE/TE: 219, 324-325, 328-329

TE: 210A-210B, 300A-300B

TR:, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition


3. Computers SE/TE: 59-60, 319-320, 325, 546-547

TE: 50A-50B, 300A-300B

Examples







TR: Learning Styles Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Automation, calculators SE/TE: 4-5, 59-60, 271, 322-325, 480-481, 552, 555

TE: 2A-2B, 50A-50B, 300A-300B, 470A-470B



1. Students will use tables, graphs, equations, diagrams, and charts to interpret economic information.

SE/TE: 12, 21, 61, 84, 99, 218, 310, 334, 337, 340, 394, 403, 462, 534-544,

TE: 2A-2B, 50A-50B, 78A-78B, 210A-210B, 330A-330B, 386A-386B, 438A-438B

C. Essential Skills

Standards

The student will understand and use economic concepts, theories, principles and quantitative methods to analyze current events.

Benchmarks







TR: Learning Styles Activity, Economics Skills Activity, Math Practice Activity, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will evaluate the economic implications of current issues as found in such sources as magazine articles, radio and television reports, editorials, and Internet sites.

SE/TE: 61, 74, 155, 180-189, 268, 354, 364, 376-380, 412, 419, 498

TE: 50A-50B, 150A-150B, 242A-242B, 356A-356B, 414A-414B, 470A-470B

TR: Learning Styles Activity, Economic Skills Activity, Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition


3. Students will distinguish among the contributions to economic thought made by leading theorists including but not limited to, Adam Smith, Thomas Malthus, Karl Marx, Milton Friedman, and John Maynard Keynes.

SE/TE: 7, 33, 56, 227, 310, 370, 402, 424, 457, 473

TE: 2A-2B, 22A-22B, 50A-50B, 210A-210B, 300A-300B, 356A-356B, 386A-386B, 414A-414B, 440A-440B, 470A-470B

TR: Careers in Economics Activity, Guided Reading and Review, Lesson Planner, The Wall Street Journal Classroom Edition








1. Inflation rate, unemployment rate, the level of national output, interest rates, tradedeficit, budget deficit, and the rate of economic growth

SE/TE: 12, 21, 61, 84, 99, 218, 310, 334, 337, 340, 394, 403, 462, 534-544,

TE: 2A-2B, 50A-50B, 78A-78B, 210A-210B, 330A-330B, 386A-386B, 438A-438B

TR: Learning Styles Activity, Economics Skills Activity, Math Practice Activity, Lesson Planner, The Wall Street Journal Classroom Edition


2. Stadium issues, highway construction, local economic development

SE/TE: 61, 74, 155, 180-189, 268, 354, 364, 376-380, 412, 419, 498

TE: 50A-50B, 150A-150B, 242A-242B, 356A-356B, 414A-414B, 470A-470B

TR: Learning Styles Activity, Economic Skills Activity, Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition


Examples







1. Students will analyze short-and long-term investment options such as stocks, bonds, real estate, and mutual funds by comparing the risk, return, and liquidity of these instruments.

SE/TE: 277-290, 320-321, 506-509

TE: 270A-270B, 300A-300B

TR: Learning Styles Activity, Economic Skills Activity, Economic Cartoon, Guided Reading and Review, Guide to the Essentials, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will recognize a proper role for credit and how to utilize risk management strategies including the use of insurance.

SE/TE: 274-275, 512-515, 524-525

TE: 270A-270B,

TR: Guide to the Essentials, Quiz Unit 4 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


C. Essential Skills

Standards

The student will learn and be able to apply personal financial management and investment practices

Benchmarks







3. Students will explain the concepts of compound interest and the Rule of 72, and the applicability to both investment gains and debt retirement.

SE/TE: 261

TE: 242A-242B

TR: Math Practice Activity, Lesson Planner, The Wall Street Journal Classroom Edition


1. Students will understand and apply the concepts of comparative and absolute advantage in international trade.

SE/TE: 443-445

TE: 440A-440B

TR: Lesson Planner, The Wall Street Journal Classroom Edition


2. Students will analyze the controversy and major arguments for and against international trade agreements such as NAFTA and GATT.

SE/TE: 453-456, 465

TE: 440A-440B

D. International Economic Relationships

Standards

The student will understand the key factors involved in the United States¹ economic relationships with other nations.

Benchmarks









3. Students will know the major characteristics of the principal types of economic systems in this world and compare and contrast them with the U.S. system.

SE/TE: 26-44, 484

TE: 22A-22B, 470A-470B

TR: Learning Styles Activity, Careers in Economics Activity, Economic Cartoon, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 1 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


4. Students will know and understand the significance of these concepts: trade deficits, exchange rates, trade barriers, balance of trade, foreign exchange markets, and give examples of their current application to U.S. trade relationships with other countries in the world.

SE/TE: 458, 460, 462, 548-58







TE: 440A-440B



5. Students will know the roles of the World Bank and IMF, analyze their effectiveness in the world community, and critique their operation in a specific country.

SE/TE: 461, 487-488, 495, 552, 558,

TE: 440A-440B, 470A-470B

TR: Math Practice Activity, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 7 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


6. Students will examine the impact of U.S. foreign policy on the economies of developing countries.

SE/TE: 487

TE: 470A-470B

TR: Economics Assessment Rubric, Guide to the Essentials, Lesson Planner, The Wall Street Journal Classroom Edition








7. Students will know and analyze the reasons some countries are characterized asdeveloping nations.

SE/TE: 470-476

TE: 470A-470B

TR: Math Practice Activity, Economic Cartoon, Case Studies Activity, Economic Detective Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 5 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


8. Students will examine the purpose and evaluate the effectiveness of U.S. economic aid to developing countries.

SE/TE: 487

TE: 470A-470B

TR: Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition








1. Students will know the definitions, evaluate the purposes, and analyze the effects of the following economic activities: government subsidies, government incentives, economic externalities, profit maximization, multinational corporations, unions, right to work laws, government deregulation, entitlements, progressive taxes, government’s role in providing in public goods, economic safety nets, and corporate crime.

SE/TE: 31, 53, 65, 117, 199-200, 228-236

TE: 22A-22B, 50A-50B, 100A-100B, 184A-184B, 210A-210B



2. Students will use their knowledge of economic concepts and data to analyze a significant national public policy issue and recommend a solution.

SE/TE: 74, 99, 180, 268, 328, 354, 412, 498

TE: 78A-78B, 150A-150B, 242A-242B, 330A-330B, 386A-386B, 470A-470B

TR: Debate Activity, Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition

Standards

The student will apply economic theories and concepts to public policy issues.

Benchmarks

E. Economics and Public Policy








3. Students will know and analyze how income, and wealth are distributed among different sectors of the population.

SE/TE: 345, 347-349, 536-537

TE: 330A-330B

TR: Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition


4. Students will know how poverty is defined in the U.S., what its causes are, examine possible solutions, and analyze the impact poverty has on the short and long run health of the economy.

SE/TE: 67-70, 345-350, 471

TE: 50A-50B, 330A-330B, 470A-470B









5. Students will use their knowledge of economics to describe and analyze significant world economic issues.

SE/TE: 478-494, 498-499

TE: 470A-470B

TR: Learning Styles Activity, Debate Activity, Guided Reading and Review, Economics Assessment Rubric, Guide to the Essentials, Quiz Unit 7 Folder, Lesson Planner, The Wall Street Journal Classroom Edition


6. Students will use the analytical skills commonly used in economics to analyze public policy issues in their community, state, and nation.

SE/TE: 74, 180, 238, 268, 354, 412, 498

TE: 50A-50B, 150A-150B, 210A-210B, 330A-330B, 386A-386B, 470A-470B

TR: Debate Activity, Economics Assessment Rubric, Lesson Planner, The Wall Street Journal Classroom Edition


7. Students will identify and analyze the conflicts that can result from differences between business interests and community interests.

SE/TE: 19, 107, 205

TE: 2A-2B, 100A-100B, 184A-184B







TR: Economic Skills Activity, Case Studies Activity, Economic Detective Activity, Lesson Planner, The Wall Street Journal Classroom Edition


8. Students will examine and analyze the economic principles practiced in this country to determine their consistency with the democratic principles upon which our country is based.

SE/TE: 25, 51-55

TE: 2A-2B, 50A-50B




(grades 9-12) page(s) where taught … hall economics: principles in action © 2007 ... 100a-100b,...

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