Economics: Unit 1 (Fundamental Economic Concepts) Hodges

Pacing Standards Essential Questions Activities Assessment Resources/Tools•••....... 1. What is Economics? 1. Students will select what 1.Explain the 1. Prom Activity

SSEFl, 2. How does scarcity type of prom they want to cost of the prom 2. notebookSSEF3 affect economics? have, but each decision activity in 3. Pencil or Pen

3. What kind of that they make has an writing. 4. Reading Logstradeoffs do we make opportunity cost. 2. Ticket out the 5. Current Articlesin our daily lives? 2. Students will use the door.

4. Why does every Cornell Note taking 3. Readerdecision we make have System to cover material Responsepaperan opportunity cost? 3. Draw the circular flow 4. usatestprep

VI 5. How do we allocate 5. Draw the>-B goods in this country? circular flowN

1. What is economics? 1. Draw a production possibilities 1. Reader 1.PPTpresentationSSEF1, 2. How can we measure curve. response papers 2. Articles fromSSEF2, opportunity cost? 2. Cornell Note Taking System 2. Answering current economicsSSEF3 3. What are the benefits of 3. KIM Models questions in magazines

specialization? 4. Economics Articles discussion and 3. Reading logs4. How does specialization 5. Current newsclips that debateaffect your life today? demonstrate concepts in the lesson 3. KIM Models5. How do comparative 6. Discussion 4. 10 Thingsadvantage and absolute 7. Reading Logs learned quizadvantage affect your lives 8. Reviewactivity 5.usatestprep

VItoday?

~r<>O

1. What is economics? 1. Reviewactivity 1.Reader 1.PPTPresentation2. How do other countries 2. Cornell Notes Responsepapers 2.Articles from

~ SSEF4, around the world allocate goods 3. Discussion 2. Six Square current economicsSSEF5 and services? 4. Debate which economics system is Models posted magazines

3. Who answers the 3 Big the best 3. Ticket out the 3. Reading logsEconomicQuestions in our 5. Glass Factory Activity doorcountry as opposed to other 6. Six Square Modelscountries?4. How do different economic

'"systems address economic

~ goals?NO

1. Does the government ever 1. Write an essay agreeing or 1. Essayon 1.PPTPresentationneed to be involved in the disagreeing with Adam Smith. Smith 2. Examples ofeconomy? 2. Debate Laissez Faire Economic 2. Debate transfer payments

SSEF6 2. Do capitalist economies need policy. 3. Find a pro and 3. Video clips

VI safety nets? 3. Video clips from current events con forN ~ 3. Is Adam Smith's "Invisible that deal with unemployment, homework.

0Hand Theory" correct? welfare, social security, Medicare, 4. usatestprep4. Are transfer payments a and Medicaid.good or bad thing? 4. Cornell notes

5. Review Activity

1. How do the principles of 1.Pizza Production Gamethat covers 1. Pizza game 1. Plateseconomics affect our daily all major concepts covered in class outcomes. Who 2. Markerslives? in unit one can be the most 3. Scissors

SSEF1- efficient Pizza 4. Activity Sheets~ SSEF6 Producer? 5. Quality Control0 Assistants...•

6. Stop Watch7. Calculator

I

Economics: Unit 2 (The Political Spectrum) Hodges

rtJote: All units will conclude with Q comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. What does it mean to 1. Students will draw the 1. reader 1.Posters

SSEMA3, have a conservative political spectrum response essays 2. notebookSSEF5 view of fiscal policy 2. Reading logs 3. Pencil or Pen

2. What does it meanto 3. Notes and discussion. 2. Take an exam 4. ReadingLogshave a liberal view of 4. Reading logs that indicates if 5. Current Articlesfiscal policy you are liberal or

conservative3. usatestprep

VI>-CINO

1.What does in meanto be a 1. Cornell note taking system 1. Reader 1.Video clipsSSEF5, socialist? 2. Discussion response essays 2. Articles fromSSEMA3 2. What does it meanto be a 3. Reading logs 2. Ticket out the current economics

communist or a Marxist? 4. News clips of communist and door magazines3. How do socialism and socialist economic programs and 3. usatestprepcommunismaffect the policies. over domain.allocation of resources in an 5. Discuss the effects ofeconomy? extremism.

VI>-CINO

I 1. What is Keynesianeconomic 1. Watch rap video over Keynesand 1.Ticket out the 1.Rapvideo cliptheory? Hayek. door 2. Keynesand Hayek

SSEMA3, 2. What is the Austrian 2. Identify beliefs of each on a two 2. Apply diagramSSEF5 perspective of Joseph Hayek? column diagram theories of

3. Which is worse the boomor Keynesandthe bust? Hayek to political4. What are the animal spectrum?Spirits? 3. Debate who5. Why are wages, has the bestunemployment, and prices ideas

>- sticky?CI•..•0

Economics: Unit 3 (Personal Finance) Hodges

r-!'Jote: All units will conclude with a comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. Howcan debt have a 1. Ticket out the 1.ReadingLogs

negative impact on our 1.Cornell note taking system door 2. Articleslives? 2. Discussion 2. students mix 3. Examples of

SEPF1, 2. Howdoes our 3. Create a budget for yourself and match which budgetsSSERCI behavior affect our 4. Ask students to bring in incentive

financial situation? examples of articles that show programs are3. Howdo positive and incentive that are both positive negative or

negative incentives and negative. positive.II) affect our spending 3. usatestprep>-CI habits?-0N

1. Students will l. Reading logsSSEPF2, 1. What is the relationship l. Cornell note taking system be my financial 2. internet accessSSERCI between risk and return? 2. Discussion advisers. 3. Consumer

2. What are the different 3. Students willpick different 2. Ticket out the Confidence chartskinds of interest paid when stocks from a newspaper or the door.investing or borrowing money internet and discuss risk and 3. usatestprepfrom financial institutions? reward. bench mark exam3. Where and howshould you 4. Students compare lowand high 4. Reader

<II invest your money risk savings tools. response essays.~"....,

1. Howdo taxes and inflation 1. Cornell note taking System l. Mortgage game 1. Reading logsaffect the waywe spend our 2. KIMModel over major vocabulary 2. credit card 2. Video clips from

SSEPF3, money? in this section activity credit cardSSEP4, 2. What is the difference 3. Lookup a credit report 3. Compoundand companies.SSERCI between progressive, 4. Students willpractice or simple interest

regressive, and proportional borrowing different amounts of formula sheets.taxes? moneyat different interest rates3. Howdo interest rates play arole in buying houses, creditcards,cars,etc ... ?

<II 4. Howcan credit cards ruin~ your financial life?"....,

SSERCl, 1.Howare insurance premiums 1. Cornellnote taking system 1. usatestprep 1. Charts that showSSEPF5, related to deductibles and risk? 2. Six square with vocabulary from 2. ticket out the unemploymentbySSEF6 2. Howcan different types of section. door education levels.

insurance help us build a solid 3. Discussion 3. Six squarefinancial plan? 4. Guest speaker on the different

II) types of insurance~" 3. Howcan education affectN you income?

Economics: Unit 4 (Business Organizations) Hodges

Note: All units will conclude with a comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. Howdo business 1.ticket out the 1.ReadingLogs

organizations affect 1.Cornell note taking system door 2. Articlesour daily lives? 2. Discussion 3. Examplesof

SSEMI4 2. What is the 3. Reader response articles on businessdifference between a types of businesses. organizationssole proprietorshipand a partnership?

~-u...•1.Diagramsof a 1. Reading logs

SSEMI4 1. What are the advantages 1. Cornell note taking system typical 2. internet accessand disadvantages of a 2. Discussion corporation 3. Consultingfirmpartnership and a franchise? 3. Students willpick different 2. Students will sheets

stocks from a newspaper or the advise what2. What are some of the internet and discuss franchises and other studentsadvantages and disadvantages corporations. what type of

1II of a corporation? 4. Students willdraw a diagram of business to start.~-u the typical corporation structure.

(1')

1. According to what we have 1. Cornell note taking System 1.KimModels and 1. Reading logslearned about business 2. KIMModel over major vocabulary final exam 2. Vocabularysheets

SSEMI4 organizations, what you in this sectionrecommend to grow small 3. Students willexplain Kimmodelsbusiness and corporations? and discuss for a review

>-a-u...•

Economics: Unit 5 (Market Structures) Hodges

Note: All units will conclude with a comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. What is the 1. Ticket out the 1.ReadingLogs

difference between 1.Cornell note taking system door 2. Articlesperfect and 2. Discussionimperfectcompetition?

SSEMI4>-.,

"U....1. Reading logs

SSEMI4 1.Howare price and 1. Cornell note taking systemcompetition affected in 2. Discussionperfectly and imperfectly 3. Debatecompetitive markets. 4. Reader response to debate

2. Should we allowprice takersor price makers in our economic

VI system? Should we allowboth?~

"UN

1. Are monopoliesgood or bad 1. Cornell note taking System 1. Complete 1. Reading logsfor our economic system? 2. KIMModel over major vocabulary activity sheets 2. Activity Sheets

SSEMI4 in this section 2. ExplainKIM2. What are the different 3. Students willuse an activity modelstypes of monopolies? sheet where they have to show

identify the market and show theVI 3. Howdoes the government affects of a price change on supply>-e use antitrust legislation? and demand."UN

Economics: Unit 6 (Microeconomics) Hodges

r'~ote: All units will conclude with a comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. What is 1. Ticket out the 1.Reading Logs

microeconomics? 1.Cornell note taking system door 2. Articles2. What is the law of 2. Discussion 2. check 3.usatesprep

Demand? 3. changes in supply and demand activities3. What is the activity together

SSEMIl difference between a 4. Graphing supply and demand 3. usatestprepSSEMI2 change in quantity activity benchmarkSSEMI3 demanded and a

change in demand?4. What is the

'" difference between a>-CI shift and a slide?"U

LO

1. Benchmark 1. Reading logsSSEMI2 1. How are prices determined? 1. Cornell note taking system exam 2. activity sheetsSSEMI3 2. How do markets find 2. Discussion 2. check 3. usatestprep

equilibrium or market clearing 3. graphing activity activitiesprice? 4. price activity together3. How do changes in supply anddemandaffect market clearingprice?

'"~"U(Y)

1.What causes surpluses and 1. Cornell note taking System 1. Essayand 1. Reading logsshortages and how do we get 2. Students will write a paper debate. 2. Activity Sheets

SSEMI3 rid of these things? supporting or opposing rent controls2. What happenswhen the for a fictional city and their homegovernment sets artificial town. Students will have to defendprices? their stance in a class debate.3. How do price ceilings andprice floors affect the supply

'" and demand for goods and~"U services in the economy?...,.

SSEMI3 1. How does supply and demand 1. Benchmark exam 1. benchmark 1.Reading logsSSEMIl affect your life? 2. Current articles on micro issues exam 2. Market for oil

'" SSEMI2 2. Do we need to understand 3. Market for oil gome activity sheets and~ microeconomics in the real slips."U

(Y) world?

Economics: Unit 7 (Macroeconomics) Hodges

~ote: All units will conclude with Q comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. What is 1. Ticket out the 1.ReadingLogs

macroeconomics? 1.Cornell note taking system door 2. Articles2. Howdoes GDPReflect 2. Discussion 2. check 3. usatesprep

economichealth ina 3. changes in supply and demand activitiescountry? activity together

SSEMAl 3. Howis per capita GDP 4. Graphingsupply and demand 3. usatestprepfigured and what does activity benchmarkit reflect?

4. Howare aggregateDemandand Supplyaffected by inflation?

5. Howdo changes inimports and exports

<n affect aggregateS-0 demand?1.0

1. Benchmark 1. Reading logsSSEMAl 1. What are the different 1. Cornell note taking system exam 2. activity sheets

types of unemployment? 2. Discussionon current economic 2. Essay on 3. usatestprepissues dealing with unemployment articles

2. Howare government debts and government deficits.and deficits created? 3. Students willwrite an essay

defending or attacking some of the<n 3. Howdo business cycles actions in the articles.S-0 affect economicgrowth?..,..

1.Howdoes the federal 1. Cornell note taking System 1.Debate results 1. Reading logsReserve impact monetary 2. Students willplay the inflation of game 2. Activity Sheets

SSEMA2 policy? game, and we willdefend or oppose 2. Ticket out thethe idea that we all are better if we door.all have more money.

<n>-0-0tv)

SSEMA3 1What is fiscal Policy? 1. Benchmarkexam 1.benchmark 1.Reading logs2. Students willbe the presidents' exam 2 Budget defense

2. What makes fiscal policy number one economicadvisor and 2. Budget debate outlinesexponsionary or advise the president howto defense poneI.contractionary? approach the upcomingfiscal year. 3. Budget

They willpropose a budget for the defense essay.3. What types of taxes do we nation and defend it.pay and what are the affects ofthose taxes on certain income

<n groups?S-0tv)

Economics: Unit 8 (International) Hodges

r'\Note: All units will conclude with a comprehensive unit exam

Pacing Standards Essential Questions Activities Assessment Resources/Tools1. Why do countries trade? 1. Ticket out the 1. Reading Logs

1. Cornell note taking system door 2. Articles2. What is the difference 2. Discussion 2. check 3.usatesprep

SSEINl between comparative and 3. Video clips on comparative activitiesabsolute advantage? advantage. together

tII 4. Comparative advantage>-a activitiy-u"'"

1. Benchmark 1. Reading logsSSEINl 1. What is the difference 1. Cornell note taking system exam 2. activity sheetsSSEIN3 between a balance of trade and 2. Discussion 2. Ticket out the 3. usatestprep

a balance of payments? 3. Cartoons video clips that help door.illustrate balance of payments and

2. How does a deficit in the balance of trade.current or the capital account 4. Graphing exercise that shows theaffect foreign exchange rates affect of supply and demand on

tII and the economy of a nation? exchange rates.>-a-u

(Y)

1. Why do we need exchange 1. Cornell note taking System 1. Exchange rate 1. Reading logsrates at all? 2. Exchange rate activity. Students activity and 2. Activity Sheets

SSEIN3 2. Is it better to have a strong will act as consultants who can discussion withor weak dollar and who is answer certain questions about questions.helped or hurt by both exchange rates?

3. Students will look up exchangetII rates online and take a virtual tour>-a to another country.-u

(Y)

SSEIN2 1. Is there really such a thing a 1. Benchmark exam 1. benchmark 1. Reading logsfree trade? 2. Video cartoon clip on trade exam

restrictions and how they work 2. Debate the2. What are trading blocks and 3. Where in the world game. merits ofhow do they work? globalization.

4. Students will turn in a list of3. What are the tools that things in there home and where they 3. Where in thecountries use to restrict free are made. world game.trade? 5. Articles on international trade

tII and globalization.~ 4. How does free trade affect-u"'" domestic employment?