Instructional Window and Testing Dates UNIT 1 Intro to Economics Ch. 1 Ch. 2 Ch. 3 4 weeks Teacher choice Content Standards and Big Ideas Orientation, setting expectations, and classroom organization. Introduction to standards. 12.1 Students understand common economic terms and concepts and economic reasoning. 1.1 Examine the causal relationship between scarcity and the need for choices. 1.2 Explain opportunity cost and marginal benefit and marginal cost 1.3 Identify the difference between monetary and non-monetary incentives and the changes those incentives cause in behavior. 1.4 Evaluate the role of private property as an incentive in conserving and improving scarce resources, including renewable and nonrenewable natural resources. 1.5 Analyze the role of a market economy in establishing and preserving political and personal liberty (e.g., through the works of Adam Smith Mid-unit Standards Review Suggested Curricular Resources If unavailable check Moodle. Contact your Dept Chair for Moodle codes. Bellringer Activity Ch 1 Sec. 1, 2 & 3; Ch 2 Sec. 1,2, 3 & 4; Ch 3 Sec. 1,2, 3 & 4 Unit 1 Resources - Guide Reading Ch. 1 Sec. 1, 2 & 3; Ch. 2 Sec. 1,2, 3 & 4; Ch. 3 Sec. 1,2, 3 & 4 - Presentation Pro CD Rom, Ch. 1 Sec. 1, 2 & 3; Ch. 2 Sec. 1,2, 3 & 4; Ch. 3 Sec. 1,2, 3 & 4 - Career in Economics, Ch. 1 Sec. 1; Ch. 2 Sec. 2; Ch. 3 Sec. 1 - Economics Skills, Ch. 1 Sec. 2; Ch. 2 Sec. 4; Ch. 3 Sec. 4 - Economics Cartoon, Ch. 1 Sec. 2; Ch. 2 Sec. 1; Ch. 3 Sec. 4 - Vocabulary Practice, Ch. 1 Sec. 3; Ch. 2 Sec. 4; Ch. 3 Sec. 2 - Economics Detective, Ch.1 Sec. 3; Ch. 2 Sec. 4; Ch. 3 Sec. 3 - Source Articles, Ch. 1 Sec. 3; Ch. 2 Sec. 3; Ch. 3 Sec. 1 - Math Practice, Ch. 1 Sec. 2; Ch. 3 Sec. 2 Resources for Struggling Readers/EL Universal Access in start of chapters www.phschool.com Access codes in Chapter Resource Manager at start of Chapter Big Ideas What is scarcity? Opportunity cost 3 basic economic questions Economic systems Free Market Adam Smith Review: Standards, Big Ideas, and Vocabulary 1
Instructional Window and Testing Dates UNIT 2 Supply and Demand Ch. 4, sec 1and 2 Ch. 5 Ch 6 4 weeks Teacher choice Review Quarter 1 Assessment Content Standards and Big Ideas 12.2 Students analyze the elements of America s markets economy in a global setting. 2.1 Understand the relationship of the concept of incentives to both the law of supply and substitutes to the law of demand. 2.2 Discuss the effects of changes in supply and/or demand on the relative scarcity, price, and quantity of particular products. 2.3 Explain the roles of property rights, competition, and profit in a market economy. 2.4 Explain how prices reflect the relative scarcity of goods and services and perform allocative functions in a market economy. 2.5 Understand the process by which competition among buyers and sellers determines a market price. 2.6 Describe the effect of price controls on buyers and sellers 2.7 Analyze how domestic and international competition in a market economy affects goods and services produced and the quality, quantity, and price of those products. 2.8 Explain the role of profit as the incentive to entrepreneurs. Mid-unit Standards Review Big Ideas Changes in Demand Changes in Supply Determining prices Quarter Assessment Review: Standards, Big Ideas, and Vocabulary Standards assessed: 1.1,1.2, 1.4, 1.5, 2.1, 2.2, 2.4 2.8 Access Illuminate for District assessment, answer key, and results. Suggested Curricular Resources If unavailable check Moodle. Contact your Dept Chair for Moodle codes. Bellringer Activity Ch 4 Sec. 1 & 2; Ch 5 Sec. 1, 2 & 3; Ch 6 Sec. 1, 2 & 3 Unit 1 Resources - Guide Reading, Ch. 4 Sec. 1 & 2; Ch. 5 Sec. 1, 2 & 3; Ch. 6 Sec. 1, 2 & 3 - Presentation Pro CD Rom, Ch. 4 Sec. 1 & 2; Ch. 5 Sec. 1, 2 & 3; Ch. 6 Sec. 1, 2 & 3 - Career in Economics, Ch. 4 Sec. 2; Ch. 5 Sec. 2; Ch. 6 Sec. 2 - Economics Skills, Ch. 4 Sec. 1; Ch. 5 Sec. 1; Ch. 6 Sec. 1 - Economics Cartoon, Ch. 4 Sec. 2; Ch. 5 Sec. 1; Ch. 6 Sec. 2 - Vocabulary Practice, Ch. 5 Sec. 3; Ch. 6 Sec. 3 - Economics Detective, Ch. 5 Sec. 3; Ch. 6 Sec. 3 - Source Articles, Ch. 4 Sec. 2; Ch. 5 Sec. 1; Ch. 6 Sec. 2 - Math Practice, Ch. 6 Sec 3 Resources for Struggling Readers/EL Universal Access in start of chapters www.phschool.com Access codes in Chapter Resource Manager at start of Chapter 2
Instructional Window and Testing Dates UNIT 3 Labor Market Ch. 8 Ch. 9 Ch. 12 Ch. 13 3 weeks Teacher choice Content Standards and Big Ideas 12.4 Students analyze the elements of the U.S. labor market in a global setting. 4.1 Understand the operations of the labor market, including the circumstances surrounding the establishment of principal American Labor unions, procedures that unions use to gain benefits for their members, the effects of unionization, the minimum wage, and unemployment insurance. 4.2 Describe the current economy and labor market, including the types of goods and services produced, the types of skills workers need, the effects of rapid technological change, and the impact of international competition. 4.3 Discuss wage differences among jobs and profession, using the law of demand and supply and the concept of productivity. 4.4 Explain the effects of international mobility of capital and labor on the US Economy. 12.5 Students analyze the aggregate economic behavior of the U.S. economy. 5.1 Distinguish between nominal and real data 5.2 Define, calculate, and explain the significance of an unemployment rate, the number of new jobs created monthly, an inflation or deflation rate, and a rate of economic growth 5.3 Distinguish between short term and long term interest rates and explain their relative significance. Mid-unit Standards Review Big Ideas Understand the different types of business organizations Know labor trends and how they are influenced by organized labor Know business cycles and impact of GDP The economic challenges that lay ahead (inflation, unemployment, and fixing poverty) Review: Standards, Big Ideas, and Vocabulary Suggested Curricular Resources If unavailable check Moodle. Contact your Dept Chair for Moodle codes. Bellringer Activity Ch. 8 Sec. 1, 2, 3 & 4; Ch. 9 Sec. 1, 2 & 3; Ch. 12 Sec. 1, 2 & 3; Ch. 13 Sec. 1, 2 & 3 Unit 1 Resources - Guide Reading, Ch. 8 Sec. 1, 2, 3 & 4; Ch. 9 Sec. 1, 2 & 3; Ch. 12 Sec. 1, 2 & 3; Ch. 13 Sec. 1, 2 & 3 - Presentation Pro CD Rom, Ch. 8 Sec. 1, 2, 3 & 4; Ch. 9 Sec. 1, 2 & 3; Ch. 12 Sec. 1,2 & 3; Ch. 13 Sec. 1,2 & 3 - Career in Economics, Ch. 8 Sec. 1; Ch. 9 Sec. 2; Ch. 12 Sec. 2; Ch. 13 Sec. 2 - Economics Skills, Ch. 8 Sec. 2; Ch. 9 Sec. 1; Ch. 12 Sec. 1; Ch. 13 Sec. 1 - Economics Cartoon, Ch. 8 Sec. 3; Ch. 9 Sec. 3; Ch. 12 Sec. 2; Ch. 13 Sec. 2 - Vocabulary Practice, Ch. 8 Sec. 4; Ch. 9 Sec. 1; Ch. 12 Sec. 3; Ch. 13 Sec. 3 - Economics Detective, Ch. 8 Sec. 4; Ch. 9 Sec. 1; Ch. 12 Sec. 3; Ch. 13 Sec. 3 - Source Articles, Ch. 8 Sec. 2; Ch. 9 Sec. 2; Ch. 12 Sec. 3; Ch. 13 Sec. 1 - Math Practice, Ch. 9 Sec. 1; Ch. 12 Sec. 1; Ch. 13 Sec. 2 Resources for Struggling Readers/EL Universal Access in start of chapters www.phschool.com Access codes in Chapter Resource Manager at start of Chapter 3
Instructional Window and Testing Dates UNIT 4 Macro Economics Ch 10 Ch 14 Ch 15 Ch. 16 4 weeks Teacher choice Content Standards and Big Ideas 12.3 Students analyze the influence of the federal government on the American economy. 3.1 Understand how the role of government in a market economy often includes providing for national defense, addressing environmental concerns, defining and enforcing property rights, attempting to make markets more competitive, and protecting consumers rights. 3.2 Identify the factors that may cause the costs of government actions to outweigh the benefits. 3.3 Describe the aims of government fiscal polices (taxation, borrowing, spending) and their influence on production, employment, and price levels. 3.4 Understand the aims and tolls of monetary policy and their influence on economic activity (e.g., the Federal Reserve) 2.9 Describe the functions of the financial markets 5.3 Distinguish between short term and long term interest rates and explain their relative significance. Mid-unit Standards Review Big Ideas Know the functions of money What does the government do with your money? What are the government s objectives with your money? Tight v Easy money policy with the use of the reserve ratio, interest rates, and buy/selling of US Bonds Review: Standards, Big Ideas, and Vocabulary Suggested Curricular Resources If unavailable check Moodle. Contact your Dept Chair for Moodle codes. Bellringer Activity Ch. 10 Sec. 1,2 & 3; Ch. 14 Sec. 1,2, 3 & 4; Ch. 15 Sec. 1,2 & 3; Ch. 16 Sec. 1,2, 3 & 4 Unit 1 Resources - Guide Reading, Ch. 10 Sec. 1,2& 3; Ch. 14 Sec. 1,2, 3& 4; Ch. 15 Sec. 1,2& 3; Ch. 16 Sec. 1,2, 3&4 - Presentation Pro CD Rom, Ch. 10 Sec. 1,2 & 3; Ch. 14 Sec. 1,2, 3 & 4; Ch. 15 Sec. 1,2 & 3; Ch. 16 Sec. 1,2, 3 & 4 - Career in Economics, Ch. 10 Sec. 2; Ch. 14 Sec. 2; Ch. 15 Sec. 2; Ch. 16 Sec. 2 - Economics Skills, Ch. 10 Sec. 1; Ch. 14 Sec. 1; Ch. 15 Sec. 1; Ch. 16 Sec. 1 - Economics Cartoon, Ch. 10 Sec. 2; Ch. 14 Sec. 1; Ch. 15 Sec. 3; Ch. 16 Sec. 4 - Vocabulary Practice, Ch. 10 Sec. 3; Ch. 14 Sec. 4; Ch. 15 Sec. 3; Ch. 16 Sec. 4 - Economics Detective, Ch. 10 Sec. 3; Ch. 14 Sec. 4; Ch. 15 Sec. 3; Ch. 16 Sec. 4 - Source Articles, Ch. 10 Sec. 2; Ch. 14 Sec. 1; Ch. 15 Sec. 2; Ch. 16 Sec. 3 - Math Practice, Ch. 10 Sec. 3; Ch. 15 Sec. 3 Resources for Struggling Readers/EL Universal Access in start of chapters www.phschool.com Access codes in Chapter Resource Manager at start of Chapter 4
Instructional Window and Testing Dates UNIT 5 Content Standards and Big Ideas 12.6 Students analyze issues of international trade and explain how the U.S Economy affects, and is affected by, economic forces beyond the United States borders. Suggested Curricular Resources If unavailable check Moodle. Contact your Dept Chair for Moodle codes. Bellringer Activity Ch. 17 Sec. 1,2 & 3 Resources for Struggling Readers/EL Universal Access in start of chapters International Trade and Economics Ch. 17 2 weeks 6.1 Identify the gains in consumption and production efficiency from trade, with emphasis on the main products and changing geographic patterns of twentieth century trade among countries in the Western Hemisphere. 6.2 Compare the reasons for and the effects of trade restrictions during the Great Depression compared with present-day arguments among labor, business, and political leaders over the effects of free trade on the economic and social interests of various groups of Americans. 6.3 Understand the changing role of international political borders and territorial sovereignty in a global economy. 6.4 Explain foreign exchange, the manner in which exchange rates are determined, and the effects of the dollar s gaining (or losing) value relative to other currencies. Unit 1 Resources - Guide Reading, Ch. 17 Sec. 1,2 & 3 - Presentation Pro CD Rom, Ch. 17 Sec. 1,2 & 3 - Career in Economics, Ch. 17 Sec. 2 - Economics Skills, Ch. 17 Sec. 1 - Economics Cartoon, Ch. 17 Sec. 3 - Vocabulary Practice, Ch. 17 Sec. 3 - Economics Detective, Ch. 17 Sec. 3 - Source Articles, Ch. 17 Sec. 2 - Math Practice, Ch. 17 Sec. 3 www.phschool.com Access codes in Chapter Resource Manager at start of Chapter Review Big Ideas Why do we trade? Is trade good or bad for the US? Semester Assessment Review: Standards, Big Ideas, and Vocabulary Semester 1 Assessment Standards assessed: 1.2, 1.5, 2.1, 2.4, 2.6, 2.8, 2.9, 3.1, 3.3, 3.4, 4.1-4.4, 5.2, 6.2, 6.4 Access Illuminate for District assessment, answer key, and results. 5
UNIT 1 INTRO TO ECONOMICS Chapter 1: What is Economics? 6
Chapter 2: Economics Systems Stockton Unified School District Chapter 3: American Free Enterprise 7
UNIT 2 SUPPLY AND DEMAND Chapter 4: Demand Chapter 5: Supply 8
Chapter 6: Prices UNIT 3 LABOR MARKETS Chapter 8: Business Organizations 9
Chapter 9: Labor Chapter 12: Gross Domestic Product and Growth 10
Chapter 13: Economic Challenges 11
UNIT 4 MACRO ECONOMICS Chapter 10: Money and Banking Chapter 14: Taxes and Government Spending 12
Chapter 15: Fiscal Policy Chapter 16: The Federal Reserve and Monetary Policy 13
UNIT 5 INTERNATIONAL TRADE AND ECONOMICS Chapter 17: International Trade 14