12^th,Grade Econ Curriculum Map

MONTH	CONTENT & ESSENTIAL QUESTION	EXPECTATIONS	RESOURCES	ASSESSMENTS	STANDARDS
Aug-Sept	What is the fundamental problem of economics? How does the solution to the fundamental problem determine the type of economic system a nation uses? What are the 3 questions that every Nation must answer? What are the factors of production? What is the difference between a trade-off and an opportunity cost?	Students will be able to analyze the implications of the economic problem of scarcity. Students will be able to define and identify examples of: resources, want, need, land, labor, capital, entrepreneurship, production, trade-offs, marginal utility, capitalism, socialism, communism, market economy, Students will be able to use economic concepts, theories, and principles to analyze current events.	Text Ch 1 Primary Source Class Lectures	Discussion questions Problem with scarcity simulation Economic Utopia Chapter quiz’s Unit test Invention Assignment Market Simulations Stock Market Project (Semester Long)	Econ 1.1, Students understand that because of the condition of scarcity, decisions must be made about the use of scarce resources. Econ 1.2, Students understand that economic incentives influence the use of scarce human, capital, and natural resources. Econ 1.3, Students understand that resources can be used in many ways and understand the costs of alternative uses.
Oct	What are the characteristics of market, command, and mixed economies? What is the role of production, distribution, and consumption of goods and services in different economies?	Students will be able to analyze the similarities and differences among economic systems. Students will be able to identify the characteristics of market, command, and mixed economies. Students will be able to identify the benefits and the costs of market and command economies. Students will be able to identify the characteristics of a mixed market economy of the United States. Students will be able to explain how the incentives inherent in a market economy preserve political and economic freedom.	Text ch 2&18 Primary Sources Class Lecture Chapter 7 Class Notes	Trial of Karl Marx Trial of Adam Smith Discussion Questions Chapter Test and quiz’s Commercial Project Wal-Mart Movie	Econ 2.1, Students understand that different economic systems employ different means to produce, distribute, and exchange goods and services. Econ 2.2, Students understand the fundamental characteristics of the United States economic system.
Oct-Nov	What is supply and demand? What are the determents of supply and demand? What causes surplus and shortage? What are market structures? Why must the benefits of government policies be compared to the costs before determining which policies to adopt? What are effects of progressive, proportional, and regressive income taxes on different income groups?	Students will be able to describe the basic principles of economics. Students will understand how market price is determined. Students will be able to interpret graphs that demonstrate changes in supply and demand. Students will be able to identify surpluses and shortages on graphs. Students will be able to compare and contrast monopolies and competitive markets. Students will be able to evaluate the role of the government in the mixed-market economy of the United states.	Chapter 4-6 Class notes Primary sources Ch 4-6 Class notes	Demand simulations Supply simulations Supply and demand together problems Econ lab-price and equilibrium Freakanomics—chapter 1 DYR Demand quiz Supply quiz Supply and demand exam	Econ 2.1, Students understand that different economic systems employ different means to produce, distribute exchange goods and services Econ 2.2, Students understand the fundamental characteristics of the United States economic system
Dec-Jan	How are inflation, unemployment, and gross domestic product statistics determined? How are these statistics used in policy decisions? What are the effects of inflation and deflation on different groups? What are the economic and non-economic consequences of unemployment? What is fiscal Policy? What is the impact of fiscal policy on inflation, unemployment, and economic growth/ What are the functions of the Federal reserve System? What is the Feds influence on the economy? What are the effects of monetary policy on unemployment, inflation and economic growth?	Students will be able to describe the basic principles of macroeconomics. Students will be able to analyze the effectiveness of Fiscal Policy. Students will be able to analyze the effectiveness of the Monetary Policy. Students will understand how investment in factories, machinery, new technology, and the health, education, and training of people can raise future standards of living.	Chapter 14 Class notes Chapter 15 Class notes	Chapter 14 exam Comparison of Monetary Policy to another nation essay Chapter 15 exam	Econ 2.1, Students understand that different economic systems employ different means to produce, distribute, and exchange goods and services. Econ 2.3, Students understand that government actions and policies, including taxes, spending, and regulations influence the operation of economics. Econ 3.2, Students understand how a country’s monetary system facilitates the exchange of resources
Jan	How do education, career choices, and family obligations affect future income? How does advertising influence consumer choices? What are the advantages and disadvantages of using various forms of credit? How does payment performance determine credit history?	Students will identify the short and long term financial goals. Students will be able to explain the concepts of risk, return, and liquidity of short and long-term saving and investment strategies. Students will understand various investment options.	Chapter 11 and 12 Class notes Guest Speaker- Making life choices	Real Life Simulation Test—ch 11-12	Econ 1.1, Students understand that because of the condition of scarcity, decisions must be made about the use of scarce resources. Econ 1.2, Students understand that economic incentives influence the use of scarce human, capital, and natural resources. Econ 1.3, Students understand that resources can be used in many ways and understand the costs of alternative uses.
Jan				Final Exam