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School City of Hobart |
School City of Hobart Social Studies |
Social Studies - Economics |
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Scarcity and Economic Reasoning
The learner will be able to
understand that productive resources are limited; therefore, people cannot have all the goods and services they want. As a result, they must choose some things and give up others.
Strand |
Source |
Economics |
IDOE |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.1
The learner will be able to
define each of the productive resources (natural, human, capital) and explain why they are necessary for the production of goods and services. (Geography).
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.2
The learner will be able to
explain how consumers and producers confront the condition of scarcity, by making choices which involve opportunity costs, and tradeoffs.
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.3
The learner will be able to
identify and explain the broad economic and social goals, such as freedom, efficiency, equity, security, growth, price stability, and full employment. (Civics and Government).
Strand |
Source |
Employment |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.4
The learner will be able to
describe how people respond predictably to positive and negative incentives.
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.5
The learner will be able to
predict how interest rates will act as an incentive for savers and borrowers.
Strand |
Source |
Economics |
IDOE |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.6
The learner will be able to
recognize that voluntary exchange occurs when all participating parties expect to gain.
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.7
The learner will be able to
compare and contrast how the various economic systems (traditional, market, command, mixed) answer the questions: What to produce? How to produce it? And for whom to produce.
Strand |
Source |
Economic Systems |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.8
The learner will be able to
describe how clearly defined and enforced property rights are essential to a market economy. (Civics and Government).
Strand |
Source |
Economic Systems |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.9
The learner will be able to
use a production possibilities curve to explain the concepts of choice, scarcity, opportunity cost, tradeoffs, unemployment, productivity, and growth.
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.10
The learner will be able to
use a decision-making model to analyze a public policy issue affecting the student's community.
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.1.11
The learner will be able to
formulate a savings or financial investment plan for a future goal.
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Supply and Demand
The learner will be able to
understand the role that supply and demand, prices, and profits play in determining production and distribution in a market economy.
Strand |
Source |
Supply/Demand |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.1
The learner will be able to
define supply and demand.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.2
The learner will be able to
identify factors that cause changes in market supply and demand.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.3
The learner will be able to
describe the role of buyers and sellers in determining the equilibrium price.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.4
The learner will be able to
describe how prices send signals to buyers and sellers.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.5
The learner will be able to
recognize that consumers ultimately determine what is produced in a market economy (consumer sovereignty).
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.6
The learner will be able to
explain the function of profit in a market economy as an incentive for entrepreneurs to accept the risks of business failure.
Strand |
Source |
Income |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.2.7
The learner will be able to
demonstrate how supply and demand determine equilibrium price and quantity in the product, resource, and financial markets.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.2.8
The learner will be able to
demonstrate how changes in supply and demand influence equilibrium price and quantity in the product, resource, and financial markets.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.2.9
The learner will be able to
analyze how changes in the price of certain goods, such as gasoline, impact the lives of people in the community. (Civics and Government; Individuals, Society, and Culture).
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
|
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.2.10
The learner will be able to
demonstrate how government wage and price controls, such as rent controls and minimum wage laws, create shortages and surpluses. (Civics and Government).
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.11
The learner will be able to
use concepts of price elasticity of demand and supply to explain and predict changes in quantity as price changes.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.2.12
The learner will be able to
illustrate how investment in factories, machinery, new technology, and the health, education, and training of people increases productivity and raises future standards of living. (Individuals, Society, and Culture).
Strand |
Source |
Economics |
IDOE |
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Instructional Resources |
|
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.2.13
The learner will be able to
explain how financial markets, such as the stock market, channel funds from savers to investors.
Strand |
Source |
Stock Market |
IDOE |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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Market Structures
The learner will be able to
understand the organization and role of business firms and analyze the various types of market structures in the United States economy.
Strand |
Source |
Economics |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.1
The learner will be able to
compare and contrast the following forms of business organization: sole proprietorship, partnership, and corporation.
Strand |
Source |
Goods/Services |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.3.2
The learner will be able to
identify the three basic ways that firms finance operations (retained earnings, stock issues, and borrowing), and explain the advantages and disadvantages of each.
Strand |
Source |
Goods/Services |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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E.3.3
The learner will be able to
recognize that economic institutions such as labor unions, non-profit organizations, and cooperatives evolve in market economies to help individuals accomplish their goals. (Individuals, Society, and Culture).
Strand |
Source |
Economic Systems |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.3.4
The learner will be able to
identify the basic characteristics of the four market structures: monopoly, oligopoly, monopolistic competition, and pure competition.
Strand |
Source |
Economic Systems |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.5
The learner will be able to
explain how competition among many sellers lowers costs and prices and encourages producers to produce more.
Strand |
Source |
Supply/Demand |
IDOE |
|
Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.3.6
The learner will be able to
demonstrate how firms determine price and output through marginal analysis.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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Unit Assessment Resources |
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· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
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E.3.7
The learner will be able to
explain ways that firms engage in price and non-price competition.
Strand |
Source |
Supply/Demand |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.8
The learner will be able to
identify laws and regulations adopted in the United States to promote competition among firms. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.9
The learner will be able to
identify laws and regulations adopted in the United States to promote competition among firms. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
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|
Assessment Resources |
|
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.10
The learner will be able to
explain how cartels affect product price and output.
Strand |
Source |
Supply/Demand |
IDOE |
|
Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.3.11
The learner will be able to
describe how the earnings of workers are determined by the market value of the product produced and workers' productivity.
Strand |
Source |
Income |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
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|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
The Role of Government
The learner will be able to
understand the roles of government in a market economy are allocation of resources, redistribution of income, protection of property rights, and resolution of market failures.
Strand |
Source |
US Economy |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.1
The learner will be able to
explain the basic functions of government in a market economy. (Civics and Government).
Strand |
Source |
Economic Systems |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.2
The learner will be able to
explain how government responds to market failures by providing public goods and services. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.3
The learner will be able to
describe major revenue and expenditure categories and their respective proportions of local, state, and federal budgets. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
|
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.4
The learner will be able to
explore the ways that tax revenue is used in the community. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
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Instructional Resources |
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|
Assessment Resources |
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.5
The learner will be able to
identify taxes paid by students. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
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|
Assessment Resources |
|
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|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.6
The learner will be able to
define progressive, proportional, and regressive taxation. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.7
The learner will be able to
determine whether different types of taxes (including income, sales, and social security) are progressive, proportional, or regressive. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
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|
Assessment Resources |
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Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.8
The learner will be able to
describe how costs of government policies may exceed benefits, because social or political goals other than economic efficiency are being pursued. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.9
The learner will be able to
predict possible future effects of the national debt on the individual and the economy. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.4.10
The learner will be able to
predict how changes in federal spending and taxation would affect budget deficits and surpluses and the national debt. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
National Economic Performance
The learner will be able to
understand the means by which economic performance is measured.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.1
The learner will be able to
define aggregate supply and demand, gross domestic product (GDP), economic growth unemployment, and inflation.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.2
The learner will be able to
explain how gross domestic product (GDP), economic growth, unemployment, and inflation are calculated.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.3
The learner will be able to
explain the limitations of using GDP to measure economic welfare.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Assessment Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.4
The learner will be able to
explain the four phases of the business cycle.
Strand |
Source |
Economics |
IDOE |
|
Instructional Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Assessment Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.5
The learner will be able to
analyze the impact of events in United States history, such as wars and technological developments on business cycles. (History).
Strand |
Source |
Economics |
IDOE |
|
Instructional Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Assessment Resources |
|
· |
National Economic Performance, web link [Lesson Plan]. |
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.6
The learner will be able to
identify the different causes of inflation, and explain who gains and loses because of inflation.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.7
The learner will be able to
analyze the impact of inflation on students' economic decisions.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.8
The learner will be able to
recognize that a country's overall level of income, employment, and prices are determined by the individual spending and production decisions of households, firms, and government. (Civics and Government; Individuals, Society, and Culture).
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.9
The learner will be able to
illustrate and explain how the relationship between aggregate supply and aggregate demand is an important determinant of the levels of unemployment and inflation in an economy.
Strand |
Source |
Supply/Demand |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.10
The learner will be able to
analyze the unemployment rate in the community.
Strand |
Source |
Employment |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.5.11
The learner will be able to
propose solutions for addressing issues of unemployment in the community.
Strand |
Source |
Employment |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Money and the Role of Financial Institut
The learner will be able to
understand the role of money and financial institutions in a market economy.
Strand |
Source |
Economic Systems |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.1
The learner will be able to
explain the basic functions of money.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.2
The learner will be able to
identify the composition of the money supply of the United States.
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.3
The learner will be able to
explain the role of banks and other financial institutions in the economy of the United States.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.4
The learner will be able to
describe the organization and functions of the Federal Reserve System.
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.5
The learner will be able to
compare and contrast credit, savings, and investment services available to the consumer from financial institutions.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.6
The learner will be able to
demonstrate how banks create money through the principle of fractional reserve banking.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.7
The learner will be able to
research and monitor financial investments, such as stocks, bonds, and mutual funds.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.6.8
The learner will be able to
formulate a credit plan for purchasing a major item comparing different interest rates.
Strand |
Source |
Currency |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Economic Stabilization
The learner will be able to
understand economic stabilization policies and how they impact the economy.
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.1
The learner will be able to
define and explain fiscal and monetary policy.
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.2
The learner will be able to
define the tools of fiscal and monetary policy.
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.3
The learner will be able to
describe the negative impacts of unemployment and unintended inflation on an economy and how individuals and organizations try to protect themselves. (Individuals, Society, and Culture).
Strand |
Source |
Employment |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.4
The learner will be able to
illustrate and explain cost-push and demand-pull inflation.
Strand |
Source |
Gross Domestic Product |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.5
The learner will be able to
explain how monetary policy affects the level of inflation in the economy.
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.6
The learner will be able to
analyze how the government uses taxing and spending decisions (fiscal policy) to promote price stability, full employment, and economic growth. (Civics and Government).
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.7
The learner will be able to
analyze how the Federal Reserve uses monetary tools to promote price stability, full employment, and economic growth. (Civics and Government).
Strand |
Source |
US Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.7.8
The learner will be able to
articulate how a change in monetary or fiscal policy can impact a student's purchasing decision.
Strand |
Source |
US Economy: Fiscal Policy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Trade
The learner will be able to
understand why individuals, businesses, and governments trade goods and services and how trade affects the economies of the world.
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.1
The learner will be able to
explain the benefits of trade among individuals, regions, and countries. (Geography; Individuals, Society, and Culture).
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.2
The learner will be able to
define and distinguish between absolute and comparative advantage.
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.3
The learner will be able to
define trade barriers, such as quotas and tariffs. (Civics and Government).
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.4
The learner will be able to
explain why countries sometimes erect barriers to trade. (Civics and Government).
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.5
The learner will be able to
explain the difference between balance of trade and balance of payments.
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.6
The learner will be able to
compare and contrast labor productivity trends in the United States and other developed countries.
Strand |
Source |
World Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.7
The learner will be able to
explain how most trade occurs because of a comparative advantage in the production of a particular good or service.
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.8
The learner will be able to
explain how changes in exchange rates impact the purchasing power of people in the United States and other countries. (Individuals, Society, and Culture).
Strand |
Source |
World Economy |
IDOE |
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.9
The learner will be able to
evaluate the arguments for and against free trade.
|
Instructional Resources |
|
|
|
Assessment Resources |
|
|
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
E.8.10
The learner will be able to
identify skills individuals need to be successful in the workplace. (Individuals, Society, and Culture).
Strand |
Source |
Employment |
IDOE |
|
Unit Instructional Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
Unit Assessment Resources |
|
· |
Principles & Practices, Glencoe/McGraw-Hill, Economics Adoption [Textbook]. |
|
|
|