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EEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 1Monday, 1/7FACULTY AND STAFF PROFESSIONAL LEARNING DAY / STUDENT HOLIDAYTuesday, 1/8Wednesday, 1/9Syllabus and explain outline of courseClass expectations, outline of course, syllabus, copy of standardsClass expectations and outline of courseGPS StandardsGo over standards and syllabusPPT – What is EconomicsSSEF1Thursday, 1/10Pre-test??Resources and ScarcityDefine scarcity and give examples of productive resourcesIntro/Review: Why is Economics considered a “social science”Take Pre-TestPPT – What is Scarcity (vocab included)SSEFta, SSEF1bFriday, 1/11Opportunity Costs and Factors of ProductionIdentify factors of production and give examples of opportunity costsIntro/Review: What is scarcity and explain why scarcity exists.GCEE video – scarcity, opportunity costs and factors of production (resources)Group Activity – Show what you know – identify examples of factors of productionSSEF1dSSEF2a.bWEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 2Monday, 1/14Production Possibilities Curve (PPC)Draw and explain how the PPC shows opportunity costsIntro/Review: What resources are used to produce a bicycle? Name at least five resources and explain.PowerPoint on vocab related to PPC, opportunity costs, and cost-benefit analysisCreate PPCs and show opportunity costs on graphsSSEF1SSEF2Tuesday, 1/15PPCDemonstrate their understanding of the PPCIntro/Review: What is a rational economic decision?PPC quizGCEE video – SpecializationSpecialization activity – make paper chainSSEF2, SSEF3Wednesday, 1/16SpecializationGive examples of how individuals and businesses specializeIntro/Review: What does the line of the PPC represent?Activity – Division of LaborVocabulary related to Unit 1SSEF2, SSEF3Thursday, 1/17Basic Economic questions that every economy must answerExplain how the three basic economic questions are answered in a market, command, and mixed economyWritten assignmentTypes of Economic SystemsIntro/Review: How does specialization make an economy more efficient?Written AssignmentShow GCEE clip on how the three basic economic questions are answeredSSEF2, Friday, 1/18Types of EconomiesExplain the difference between Market, Command, and Mixed Market EconomiesDifference between goods and servicesIntro/Review: Give example of a rational economic decisionPPT – Guided notes types of economiesActivity 2-4SSEF2, SSEF3, SSEF4WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 3Monday, 1/21MLK HOLIDAYTuesday, 1/22The role of governmentExplain the role of government in the economyIntro/Review: Explain the difference between a command economy and a market economy.PPT – Guided notes – the role of governmentVocabulary related to the role of governmentVenn Diagram: Benefits of competition (Section 2-2)Unit 1 Study GuideSSEF4, SSEF5Wednesday, 1/23Productivity and its relationship to inputs and outputsExplain investment in equipment and technology and their relationship to economic growth.Intro/Review: Draw a PPC and explain how you would show opportunity cost, inefficient use of resources, efficient use of resources, and unattainable points? Also, show the results of economic growth on the PPC.SSEF4, SSEF5, and SSEF6Thursday, 1/24Review for Unit 1 TestStandards SSEF1 through SSEF6Intro/Review: Describe the following: Specialization, Opportunity costs, Scarcity, and how they relate to economic growth?Quizlet ReviewGo over Study GuideSSEF1 through SSEF6Friday, 1/25Unit 1 TestUnit 1 TestUnit 1 TestAfter test, draw the Circular Flow of Economic Activity (CFEA) and Label and Define Terms associated with CFEASSEMI1WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 4Monday, 1/28*Essay - ENGLISHGo over Unit 1 Test - Begin Unit 2 – Microeconomic ConceptsExplain the Flow of Resources, Goods, and Money using the circular flow of economic activity.Introduce the demand determinants.Intro/Review: TBD based on questions missed on Unit 1 Test.GO OVER UNIT 1 TESTLecture: Role of households, firms, factor market, and product market (draw and demonstrate on board)Demand Determinants.Activity – example using each demand determinant.Review of day – Ticket out door Tuesday, 1/29Law of DemandDefine Law of Demand (Microeconomic Concepts)Demand elasticityNormal and inferior goodsIntro/Review: What three “elements” constitute demand in economics?PPT – Law of Demand and determinants of DemandCopy and give own examples of the Demand Determinants/demand elasticityGroup Activity – Demand simulationsSSEMI2Wednesday, 1/30Law of DemandExplain the difference between change in demand and change in quantity demandedIntro/Review: List the determinants of demand and explain how each impact the demand graph.Finish Graph group project20 POINT WRITING ASSIGNMWNT – Law of DemandSSEMI2Thursday, 1/31Law of SupplyDefine Law of SupplyIntro/Review: Explain the difference between change in demand and change in quantity demanded.PPT – Change in supply, change in quantity supplied, and determinants of supply – guided notesWorking in pairs – give examples of determinants of supply and how they impact the supply curve.SSEMI2Friday, 2/1Law of Demand and Law of SupplyIncorporate law of demand and law of supply and graph price ceilings and price floors.What is the difference between change in supply and change in quantity supplied?Price ceilings and price floors – demonstrate drawing and difference between eachElements – who establishes equilibrium, cause of price ceilings/price floorsWorksheet – Put it all together and determine causes of price ceilings and price floors on graphs.Unit 2 Study GuideSSEMI3*NO OTHER MAJOR ASSESSMENTS ON MONDAY, JANUARY 28.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 5Monday, 2/4Law of Demand, Law of Supply, Price Ceilings, Price Floors, Circular Flow of Economic ActivityBegin Unit 2 ReviewIntro/Review: Draw a demand/supply graph and demonstrate price ceiling/price floor on each. Show on graph how price ceiling leads to shortages and how price floors lead to a surplus.Review for Unit 2 TestGo over study guideSSEM2, SSEMI3Tuesday, 2/5Unit 2 TestUnit 2 TestUnit 2 TestAfter test, vocabulary for types of business Wednesday, 2/6GO OVER UNIT 2 TESTUnit 3 – Business Organizations and Market StructuresCharacteristics of the three types of business organizations and market organizationsIntro/Review: TBD - Based on questions missed on Unit 2 TestPPT/Guided Notes – Characteristics of business organizations.Advantages and disadvantages of each type of business organization and market structureGroup Activity – Scenarios – what type of business would benefit each scenarioTicket out the door: advantages/disadvantagesThursday, 2/7Types of Market structuresCharacteristics of each type of market structureIntro/Review: List one advantage and one disadvantage of each type of business organizationPPT – Characteristics of each type of market structureEvaluate market structures based on competition, barriers to entry, and number of firmsStudy Guide for market structure/business organization test.SSEMI4Friday, 2/8Business Organization/Market Structure TestMarket Structure/Business Organization TestUnit 3 Test – Market structures/Business OrganizationsAfter test, Economic growth vocabularyStudy guide for Benchmark 1Review for Benchmark 1*NO OTHER MAJOR ASSESSMENTS ON MONDAY, JANUARY 29.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 6*Monday, 2/11Benchmark #1 –MATHBenchmark Review and Go over Market Structures and Bus Org testBenchmark ReviewGo over Mkt Structures Test and Bus Org TestBenchmark ReviewGo over test taken FridayGo over Benchmark 1 study guideReview for Benchmark 1SSEMA1Tuesday, 2/12Benchmark #1 –SOCIAL STUDIESBenchmark 1Benchmark 1Benchmark 1SSEF1 – SSEF6SSEMI1 – SSEMI4SSEMA1Wednesday, 2/13Benchmark #1 – ELECTIVESGo over Benchmark 1Measuring economic growthGo over Benchmark 1Economic IndicatorsTBD by Benchmark QestionsGo over Benchmark 1PPT & GCEE video (2 min) – Measuring the economyCalculate GDPSSEMA1Thursday, 2/14Benchmark #1 –ENGLISHMeasuring economic PerformanceHow does GDP measure the health of an economy/ what is included/excludedIntro/Review: How do we know an economy is growing?Calculating GDPDifference between real GDP and nominal GDPWhat is included/excludedMorton Activity – Identifying what is included and what is not included in GDPGDP Per capita – definition and calculationFriday, 2/15Benchmark #1 –SCIENCEMeasuring economic growthUnemployment and CPIIntro/Review: If there are 10,000 people who have jobs, 4,000 people who don’t have a job but are actively seeking a job and 2,000 people who don’t have a job and are no longer looking for a job, what is the unemployment rate?Review calculating unemployment and GDPProblems with unemployment rate calculationIntroduce CPI/calculation/measurementWho is hurt and who is helped by unanticipated inflationSSEMA1*NO OTHER MAJOR ASSESSMENTS THIS WEEK.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 7Monday, 2/18FACULTY AND STAFF PROFESSIONAL LEARNING DAYSSTUDENT HOLIDAYTuesday, 2/19Wednesday, 2/20WINTER HOLIDAYS (Inclement Weather Make-Up Days)Thursday, 2/21Friday, 2/22WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 8Monday, 2/25Measuring Economic growthMeasuring Economic growth/Leading economic indicatorsIntro/Review: If the market basket of goods in year 1 equals $500 and the market basket of goods in year 2 equals 510, what is the consumer price index? What is the inflation rate?Activity – Identifying who is hurt and who is helped by unanticipated inflationPractice calculating CPISSEMA1Tuesday, 2/26Measuring Economic GrowthInflation and CPIIntro/Review: Give one example of one who would be helped by unanticipated inflation and one example of one who would be hurt by unanticipated inflationSSEMA1Wednesday, 2/27Measuring Economic GrowthInflation/DeflationIntro/Review: Explain the difference between inflation and deflation.Activity – 20 Point Writing Assignment/InflationThursday, 2/28Measuring economic growthMeasuring economic growth (cont.)Intro/Review: Rational decision makingTypes of unemploymentCalculating unemploymentActivity – identifying types of unemploymentSSEMA1Friday, 3/1Economic Growth Review measuring economic performanceThe Business CycleIntro/Review: Give an example of a good or service that is counted in GDP and a good/service that is not counted in GDPThe business cycleReview for written performanceSSEMA1WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 9Monday, 3/4*Essay – SOCIAL STUDIESWritten PerformanceWritten PerformanceWritten PerformanceTuesday, 3/5Economic Growth Business CycleIntro/Review: Explain the difference between frictional unemployment, cyclical unemployment, and structural unemployment.PPT/Lecture: Phases of the Business CycleComplete Phases of the Business Cycle WorksheetEconomic Growth Study GuideSSEMA1Wednesday, 3/6Economic GrowthBusiness Cycle/Aggregate demand/Aggregate supply/GDP per capitaIntro/Review: Which phase of the business cycle is a nation at most risk for unanticipated inflation?Go over Business Cycle PhasesAggregate Demand and Aggregate Supply (AD/AS)Determinants of AD and ASPractice AD/AS GraphsSSEMA1Thursday, 3/7Review for Economic Growth Test (Unit 4)Review for Economic Growth Test (Unit 4)Intro/Review: Draw and label the phases of the business cycle. Explain unemployment, CPI and GDP at teach phase.Practice: GDP, CPI, Unemployment CalculationsReview for Economic Growth TestSSEMA1Friday, 3/8Review for Economic Growth TestReview for Economic Growth TestReview for Economic Growth TestSSEMA1*NO OTHER MAJOR ASSESSMENTS ON MONDAY, MARCH 4.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 10Monday, 3/11*Essay - SCIENCEReview for Economic Growth TestReview for Economic Growth TestReview for Economic Growth TestSSEMA1Tuesday, 3/12Economic Growth Test (Unit 4)Economic Growth Test (Unit 4)Review/Intro: Questions regarding Economic GrowthUnit 4 TestAfter test, begin preparing for EssaySSEMA1SSEF4Wednesday, 3/13Go over Unit 4 Test – Economic GrowthGo over Economic Growth/Unit 4 TestIntro/Review: (TBD) question will be over most frequently missed concepts on Unit 4 test.Go over Unit 4 TestDifference between monetary and fiscal policySSEMA2Thursday, 3/14Federal ReserveDescribe the organization of the Federal ReserveIntro/Review: Explain the difference between monetary and fiscal policy.PPT and Guided Notes (organization of the federal reserve)Board of Governors vs. FOMCSSEMA2Friday, 3/15Federal ReserveTools of Monetary PolicyIntro/Review: Organization of the federal reserveDifference between open market operations, discount rate, and reserve requirementComplete Monetary Policy Chart20 Point Writing Assignment – Economic IndicatorsSSEMA2*NO OTHER MAJOR ASSESSMENTS ON MONDAY, MARCH 11.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 11Monday, 3/18FACULTY AND STAFF PROFESSIONAL LEARNING DAY / STUDENT HOLIDAYTuesday, 3/19Federal ReserveTools of Monetary PolicyIntro/Review: How could the Federal Reserve use open market operations if concerned about a recession?Application of Monetary Policy ToolsSSEMA2Wednesday, 3/20Fiscal PolicyTools for Fiscal PolicyIntro Review: Explain the difference between the Board of Governors and The FOMCTools of Fiscal PolicyComplete Fiscal Policy ChartSSEMA2 and SSEMA3Thursday, 3/21Monetary and Fiscal PolicyDifference between Monetary and Fiscal PolicyIntro/Review: How could fiscal policy be used if the concern is Recession? How could fiscal policy be used if the concern is Inflation?Practice identifying situations when fiscal and monetary policy would be used (identifying differences)Study Guide for Federal Reserve, Monetary and Fiscal Policy and Characteristics of MoneySSEMA2 and SSEMA3Friday, 3/22Characteristics of Money Policy and Fiscal Policy Characteristics of MoneyIntro/Review: Scenarios identifying monetary and fiscal policyPPT – Characteristics of MoneyIdentify scenarios using characteristics of moneyMonetary/expansionary fiscal and monetary policyNational Debt vs. National DeficitSSEMA2 and SSEMA3WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 12Monday, 3/25*Essay - MATHCharacteristics of MoneyCharacteristics of Money, Expansionary and Contractionary Fiscal PolicyIntro/Review: Explain the difference between a medium of exchange, store of value and unit of account. Give one example of each.Characteristics of money - Morton Book ActivityExpansionary and Contractionary monetary and fiscal policy. National Debt vs. National DeficitUnit 5 Study GuideSSEMA2 and SSEMA3SSEIN1,2,3 (all covered in comic book reading)Tuesday, 3/26Review for Unit 5 TestReview: Organization of the Federal Reserve, Monetary and Fiscal Policy and Characteristics of MoneyIntro/Review: Explain the difference between expansionary and contractionary monetary policyReview Unit 5 Study GuideSSEMA2,3Wednesday, 3/27Review for Unit 5 TestReview: Organization of the Federal Reserve, Monetary and Fiscal Policy and Characteristics of MoneyIntro/Review: Explain the difference between expansionary and contractionary monetary policyReview Unit 5 Study GuideSSEMA2,3Thursday, 3/28Unit 5 TestUnit 5 TestUnit 5 TestWhen finish test – Read International Trade Comic Book - Guided reading questionsSSEMA 2,3SSEIN1,2,3Friday, 3/29International TradeGo over Unit 5 Test and Begin International TradeIntro/Review: TBD – based on frequently missed Unit 5 Test QuestionsGo over Unit 5 TestPPT - Why do Nations Trade SSEMA 2,3SSEIN1SPRING BREAK!Monday, 4/1 Friday, 4/5*NO OTHER MAJOR ASSESSMENTS ON MONDAY, MARCH 25.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 13Monday, 4/8What are Trade Barriers?Identify different types of trade barriers Intro/Review: present situation where students distinguish between comparative and absolute advantageWork in Pairs: Given examples, students will identify if problem is embargo, quota, standards, or subsidiesGo over trade barrier identification activity.Benchmark 2 Study GuideSSEIN1, SSEIN2Tuesday, 4/9Trading BlocksEU, NAFTA, ASEANIntro/Review: Explain the difference between a subsidy, embargo, and tariff.40 Point Written Assignment – Trading Blocks (in-class research info for this written assignment)BM2 – Study GuideSSEIN2Wednesday, 4/10International Trade Vocabulary and Exchange RatesApply international trade vocabulary and calculate exchange ratesIntro/Review: What are exchange rates and how do fluctuations in exchange rates occur?PPT – Exchange rates Practice exchange rate calculations and graphsBegin Activity 53BM2 – Study GuideSSEIN3Thursday, 4/11Exchange RatesInterpreting exchange rate tablesWho benefits and who loses when exchange rates changeIntro/Review: What potentially happens to trade when the US currency depreciates relative to other nations’ currency?Finish and Go over Activity 53Activity: Research current exchange ratesGo over activityBM2 Study GuideSSEIN3Friday, 4/12Benchmark 2 ReviewBenchmark 2 ReviewBenchmark 2 ReviewSSEIN1,2,3WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 14*Monday, 4/15Benchmark #2 –SOCIAL STUDIESBenchmark 2Benchmark 2Benchmark 2Tuesday, 4/16Benchmark #2 –MATHGo over BM2Go over BM2Comparative advantage/Absolute Advantage; Intro/Review: TBD – based on BM2 resultsGo over BM2Go over graphs of exchange ratesAbsolute/Comparative Advantage ActivitySSEIN1,2,3Wednesday, 4/17Benchmark #2 – ELECTIVESInternational Trade Comparative advantage/Absolute Advantage; Trade barriers; Exchange RatesIntro/Review: Graph exchange ratesGo over graphs of exchange ratesAbsolute/Comparative Advantage ActivitySSEIN1,2,3Thursday, 4/18Benchmark #2 –SCIENCEInternational TradeInternational Trade ReviewIntro/Review: Differentiate between comparative advantage and absolute advantageSSEIN1,2,3Friday, 4/19Benchmark #2 –ENGLISHInternational TradeInternational Trade ReviewIntro/Review: Differentiate between comparative advantage and absolute advantageSSEIN1,2,3*NO OTHER MAJOR ASSESSMENTS THIS WEEK.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 15Monday, 4/22International Trade TestInternational Trade TestInternational Trade TestSSEIN1,2,3Tuesday, 4/23Go over Int Trade Test and Begin Personal FinanceGo over Int Trade test and begin Personal FinanceEQ: TBD based on Int. trade testIntroduce Types of TaxesWednesday, 4/24Personal FinanceTypes of TaxesIntro/Review: What are taxesPPT: Go over progressive tax, proportional tax, and regressive taxActivity: Foldable – Types of TaxesSSEPF3bThursday, 4/25Personal FinanceTypes of Taxes, rational decision making to personal spending and saving choicesIntro/Review: Explain the difference between progressive, proportional and regressive taxes – provide one example of each.PPT – Intro to personal finance – answer questions at end of PPTActivity: “Show what you know” Begin Create savings and financial goalsSSEPF1Friday, 4/26Personal FinanceRational Decision MakingIntro/Review: Example of rational financial decision makingActivity: Complete savings/financial plan/goalsSSEPF1WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 16Monday, 4/29*Essay - ELECTIVESPersonal FinanceSpending, Saving, and InvestingIntro/Review: List types of saving and investing options discussed in PPT.Fed PPT – Types of Financial Institutions.The Role of BanksGuided NotesSSEPF2Tuesday, 4/30Personal FinanceFed Reserve PPT – Financial InstitutionsIntro/Review: Explain the difference between mutual funds, stocks, and bonds“Why is money Important” Discussion ActivityPPT – Fed Reserve PPT – Personal Finance Investing – Why students should understand investingGuided note takingComplete PPT Review sheet in pairs – compare and contrast different types of saving/investing options.Simple/Compound InterestSSEPF2m SSEPF4Wednesday, 5/1Personal FinanceInterest RatesIntro/Review: Explain how interest rates effect different income groups.Activity: Compare simple/compound interest ratesInflation: Causes and effectsSSEPF4SSEPF3Thursday, 5/2Personal Finance TestTestPersonal Finance TestPersonal Finance TestFriday, 5/3Econ Milestone ReviewMilestone ReviewMilestone Review*NO OTHER MAJOR ASSESSMENTS ON MONDAY, APRIL 29.WEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 17Monday, 5/6Econ Milestone ReviewMilestone ReviewMilestone ReviewEcon Milestone ReviewTuesday, 5/7Econ Milestone ReviewMilestone ReviewMilestone ReviewEcon Milestone ReviewWednesday, 5/8Econ Milestone ReviewMilestone ReviewMilestone ReviewEcon Milestone ReviewThursday, 5/9Econ Milestone ReviewMilestone ReviewMilestone ReviewEcon Milestone ReviewFriday, 5/10ECON MILESTONEECON MILESTONEECON MILESTONEAP ExamsMonday, May 6 – Government (AM), Environmental Science (PM)Tuesday, May 7 – Spanish (AM)Wednesday, May 8 – English Literature (AM)Thursday, May 9 – Chemistry (AM), Psychology (PM)Friday, May 10 – US History (AM), Art (PM)MilestonesTBDWEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 18Monday, 5/13Tuesday, 5/14Wednesday, 5/15Thursday, 5/16Friday, 5/17AP ExamsMonday, May 13 – Biology (AM)Tuesday, May 14 – Calculus (AM), Human Geography (PM)Wednesday, May 15 – English Language (AM), Macroeconomics (PM)Thursday, May 16 – World History (AM), Statistics (PM)Friday, May 17 – Computer Science (PM)MilestonesTBDWEEKDAYCONCEPTOBJECTIVESINSTRUCTIONAL STRATEGIESSTANDARDS(GSE, AP)Week 19Monday, 5/21Tuesday, 5/22Benchmark #3 – SEMESTER EXAMSWednesday, 5/23Thursday, 5/24Friday, 5/25 ................
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