Month

UNITS

standards

Text Chapters

skills

September/February

1.What is Economics?

      2. Free Enterprise in the U.S.

      3. Financial Markets

NYS Standard 4

Ch. 1

Ch. 2

Ch. 8

- Using Text, Study Guide

- Applying Concepts to real life situations

- Fundamental economics vocab.

- Investment simulation

- Stock Market Terms

Concepts

key questions

assessments

RESOURCES

- Scarcity, Trade-Offs

- Marginal Cost/Marginal Benefits

- Factors of Production

- Opportunity Cost

- Production Possibilities Frontier

- Economic Systems

- Pillars of Free Enterprise

- Circular Flow of Economy

- Financial Markets/Statements

1. What is Economics?

2. What are advantages and disadvantages of different economic systems?

3. How does a free market economy function?

4. What is the Stock market and why is it important?

5. How do financial markets help businesses raise capital?

1. Quizzes/Tests

2. Study Guide Activities

3. Current Issue case studies and analysis

4. Questions that test economic reasoning.

5. Stock Market Simulation (Individual Competition)

6. Stock market terms quizzes

1. Text

2. Monthly and daily periodicals

3. Study Guide

4. Internet research

5. Stock Market simulation website

6. JA guest Speakers

Month

UNITS

standards

Text Chapters

skills

October/March

4. Demand

5. Supply

6. Prices/Market Structure

NYS Standard 4

Ch. 3

Ch. 4

Ch. 5 + 11

Using text/study guide

Applying concepts to real life situations

Interpreting and plotting demand /supply curves

Reading diagrams

Price effects analysis

Price sensitivity

Concepts

key questions

assessments

RESOURCES

-         Law of Demand/Supply

-         Elasticity of Demand/Supply

-         Buying Power

-         Utility

-         Substitutes + Complements

-         Price effect of Demand/Supply

-         Marginal Cost

-         Market Equilibrium

-         Price rationing

1. What role do prices play in a market economy

2. What is demand/supply?

3. What are the price effects of goods on consumers and producers?

4. What is elasticity of demand/supply?

5. How do market clearing prices ration goods and services?

1. Quizzes/Tests

2. Study Guide Activities

3. Current Issue case studies and analysis

4. Questions that test economic reasoning.

1. Text

2. Monthly and daily periodicals

3. Study Guide

4. Internet research

5. JA Guest Speakers

6. Local economic price analysis

Month

UNITS

standards

Text Chapters

skills

November/April

7. Government and the U.S. economy

8. Business Organization

9. Labor

NYS Standard 4

Ch. 12

Ch. 7

Ch. 10

- Using texts/study guide

- Real life case study analysis

- Making business decisions

- Analyzing information factors in innovation and productivity

- Analyzing market and non-market forces in the labor force

- Analyzing government’s role in business- data

Concepts

key questions

assessments

RESOURCES

- Government regulatory organizations (SEC, FTC, IRS, WTO)

- corporate and individual tax structure

- Business Infrastructure (types)

- Labor demand/supply- market and non-market forces

- unemployment

- Labor Unions

- Wages/compensation

- changes in the labor force

1. What role does the government play in a market economy?

2. How do governments raise their money?

3. Who should pay taxes and how much?

4. What are the differences between the different types of business structures- +/-

5. How do changes in supply and demand explain the changes in wages and the labor force?

1. Quizzes/Tests

2. Study Guide Activities

3. Current Issue case studies and analysis

4. Questions that test economic reasoning.

1. Text

2. Monthly and daily periodicals

3. Study Guide

4. Internet research

5. JA Guest Speakers

6. Roger and Me film

Month

UNITS

standards

Text Chapters

skills

December/May

10. The Global Economy

NYS Standard 4

Ch. 15+16

- analyze the political and economic parameters of the global economy

Concepts

key questions

assessments

RESOURCES

- Free Trade Agreements

- Barriers to trade

- economic/political cooperation

- exchange rates

- Trade deficits/surplus

- government subsidies

- legal implications of free trade

- cultural/environmental impact of globalization

1. What are the costs and benefits of free trade to global economies?

2. What are the positive and negative cultural and environmental effects of globalization?

3. What are the arguments for and against barriers to trade?

4. What are the economic impacts of trade deficits/surpluses?

5. Should politics influence global trade?

1. Quizzes/Tests

2. Study Guide Activities

3. Current Issue case studies and analysis

4. Questions that test economic reasoning.

1. Text

2. Monthly and daily periodicals

3. Study Guide

4. Internet research

5. The Lexus and the Olive Tree by Thomas Friedman

6. Library’s videos on on globalization?

Month

UNITS

standards

Text Chapters

skills

January/June

11. Consumer Finance

12. Course Review

NYS Standard 4

Ch. 6

All

- Understanding of management of personal finances, credit, budgets, and source of income

All of Above

Concepts

key questions

assessments

RESOURCES

- Sources of Income

- Types of consumer credit

- Wealth and Savings

- Risk Management

- Consumer Protection

1. What are sources of household income?

2. What are the advantages and disadvantages of using credit?

3. What protects consumer interests in a free market economy?

1. Quizzes/Tests

2. Study Guide Activities

3. Current Issue case studies and analysis

4. Questions that test economic reasoning.

5. Review exercises

1. Text

2. Monthly and daily periodicals

3. Study Guide

4. Internet research

5. Study Guide Chapter Reviews