Red = PL Day and/or Student/Staff Holiday; Green = Capstone Requirements Date(s) Unit Standard Standard/Element Description August 10 th 1 st Day of School, Rules and Procedures, etc. August 12 th August 15 th September 16 th September 5 th Labor Day Student/Staff Holiday 25 Unit 1 Fundamentals SSEF1 SSEF2 SSEF3 SSEF4 SSEF5 SSEF6 SSEPF1A SSEPF1B SSEPF6 SSEMI1A SSEMI1B Concept 1: Scarcity and Opportunity Cost SSEF1A: Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. SSEF1D: Define opportunity cost as the next best alternative given up when individuals, businesses, and governments confront scarcity by making choices. SSPF1A: Explain that people respond to positive and negative incentives in predictable ways. SSPF1B: Use a rational decision making model to select one option over another Concept 2: Factors of Production SSEF1B: Define and give examples of productive resources (factors of production) (e.g., land (natural), labor (human), capital (capital goods), entrepreneurship. SSEF1C: List a variety of strategies for allocating scarce resources. SSEPF6A: Identify skills that are required to be successful in the workplace. SSEF6C: Give examples of how investment in education can lead to a higher standard of living. SSEPF6B: Explain the significance of investment in education, training, and skill development. Concept 3: Production Possibilities Curve and Rational Decisions SSEF2A: Illustrate by means of a production possibilities curve the trade-offs between two options. SSEF2B: Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs. SSEF6B: Give illustrations of investment in equipment and technology and explain their relationship to economic growth. Concept 4: Specialization and Productivity SSEF3A: Give examples of how individuals and businesses specialize. SSEF3B: Explain that both parties gain as a result of voluntary, non-fraudulent exchange. SSEF6A: Define productivity as the relationship of outputs and inputs. Concept 5: Economic Goals, Economic Systems and Government Regulations SSEF4A: Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government regulation. SSEF4B: Evaluate how well each type of system answers the three economic questions and meets the broad social and economic goals of Freedom, security, equity, growth, efficiency, and stability. SSEF5A: Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures. SSEF5B: Give examples of government regulation and deregulation and their effects on consumers and producers. Concept 6: Circular Flow Model SSEMI1A: Illustrate by means of a circular flow diagram, the Product market; the Resource (factor) market; the real flow of goods and services between and among businesses, households, and government; and the flow of money. SSEMI1B: Explain the role of money as a medium of exchange. By August 22 nd Deadline to Intro Project and Assign product and portfolio (Capstone) September 2 nd Letter of Introduction due (Capstone) Sept.19 th 21 st Provide students time to work on Capstone Project in class
Dates Unit Standards Standard/Element Description Concept 1: Demand SSEMI2A: Define the Law of Demand. SSEMI3A: Identify and illustrate on a graph factors that cause changes in market demand. SSEMI3C: Define price elasticity of demand. Concept 2: Business Organizations SSEMI4A: Compare and contrast three forms of business organization sole proprietorship, partnership, and corporation. SSEMI4B: Explain the role of profit as an incentive for entrepreneurs. September 22 nd October 28 th 25 Unit 2 Microeconomics SSEMI2 SSEMI3 SSEMI4 October 6 th Capstone Portfolio Check #1 October 7 th October 10 th Student/Staff Holiday Concept 3: Supply SSEMI2A: Define the Law of Supply. SSEMI3A: Identify and illustrate on a graph factors that cause changes in market supply. SSEMI3C: Define price elasticity of supply. Concept 4: Equilibrium, Floors and Ceilings SSEMI2B: Describe the role of buyers and sellers in determining market clearing price. SSEMI2C: Illustrate on a graph how supply and demand determine equilibrium price and quantity. SSEMI3B: Explain and illustrate on a graph how price floors create surpluses and price ceilings create shortages. Concept 5: Market Structures SSEMI4C: Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure competition.
Date(s) Unit Standard Standard/Element Description October 31 st 25 December 12 th Unit 3 Part 1 Macro SSEMA1 SSEPF3A November 8 th Nov. 21 st Nov. 25 th Thanksgiving Break December 9 th Portfolio Check #2 (Capstone) Concept 1: Gross Domestic Product SSEMA1B: Define Gross Domestic Product (GDP), economic growth. SSEMA1C: Explain how economic growth is calculated. Concept 2: Business Cycle SSEMA1E: Define the stages of the business cycle; include peak, contraction, trough, recovery, expansion as well as recession and depression. Concept 3: Unemployment SSEMA1B: Define unemployment SSEMA1C: Explain how unemployment is calculated. SSEMA1D: Identify structural, cyclical, and frictional unemployment. Concept 4: Inflation SSEMA1B: Define Consumer Price Index (CPI), inflation, stagflation SSEMA1C: Explain how inflation is calculated. SSEPF3A: Give examples of who benefits and who loses from inflation. Concept 5: Aggregate Supply and Demand SSEMA1B: Define aggregate supply and aggregate demand. Student/Staff Holiday (Election Day) December 13 th December 20 th Provide class time for students to work on Capstone Dec. 19 th Dec. 20 th Early Release (noon) Dec. 21 st Jan. 2 nd Christmas Break
Date(s) Unit Standard Standard/Element Description January 3 rd January 4 th February 8 th January 16 th MLK Day (Student/Staff Holiday) Feb. 9 th 10 th 25 February 13 th March 15 th 20 February 20 th February 21 st March 3 rd March 9 th March 10 th Unit 3 Part 2 Macro Unit 4 International SSEMA2 SSEMA3 SSEPF3B SSEPF3C SSEIN1 SSEIN2 SSEIN3 Concept 1: Federal Reserve and Monetary Policy SSEMA2A: Describe the organization of the Federal Reserve System. SSEMA2B: Define monetary policy. SSEMA2C: Describe how the Federal Reserve uses the tools of monetary policy to promote price stability, full employment, and economic growth. Concept 2: Budget and Taxes SSEMA1F: Describe the difference between the national debt and government deficits. SSEPF3B: Define progressive, regressive, and proportional taxes. SSEPF3C: Explain how an increase in sales tax affects different income groups. Concept 3: Fiscal Policy SSEMA3A: Define fiscal policy. SSEMA3B: Explain the government s taxing and spending decisions. Provide class time for students to complete Product (Capstone) Concept 1: Absolute and Comparative Advantage SSEIN1A: Define and distinguish between absolute advantage and comparative advantage. SSEIN1B: Explain that most trade takes place because of comparative advantage in the production of a good or service. Concept 2: Trade SSEIN2A: Define trade barriers as tariffs, quotas, embargoes, standards, and subsidies. SSEIN2B: Identify costs and benefits of trade barriers over time. SSEIN2C: List specific examples of trade barriers. SSEIN2D: List specific examples of trading blocks such as the EU, NAFTA, and ASEAN. SSEIN2E: Evaluate arguments for and against free trade. SSEIN1C: Explain the difference between balance of trade and balance of payments. Concept 3: Exchange Rates SSEIN3A: Define exchange rate as the price of one nation s currency in terms of another nation s currency. SSEIN3B: Locate information on exchange rates. SSEIN3C: Interpret exchange rate tables. SSEIN3D: Explain why, when exchange rates change, some groups benefit and others lose. President s Day (Student/Staff Holiday) Mentor Log Due (Capstone) Portfolio Check #3 (Capstone)
Date(s) Unit Standard Standard/Element Description March 16 th March 31 st 12 April 3 rd 7 th April 10 th 14 th Apr. 10 th May12 th April 17 th TBA May 22 nd 24 th May 23 rd 24 th May 25 th 26 th Unit 5 Personal Finance SSEPF1C SSEPF2 SSEPF4 SSEPF5 Concept 1: Financial Institutions SSEPF2A: Compare services offered by different financial institutions. Concept 2: Interest and Credit SSEPF2B: Explain reasons for the spread between interest charged and interest earned. SSEPF4A: List factors that affect credit worthiness. SSEPF4B: Compare interest rates on loans and credit cards from different institutions. SSEPF4C: Explain the difference between simple and compound interest rates. Concept 3: Investments SSEPF1C: Create a savings or financial investment plan for a future goal. SSEPF2C: Give examples of the direct relationship between risk and return. SSEPF2D: Evaluate a variety of savings and investment options; include stocks, bonds, and mutual funds. Concept 4: Insurance SSEPF5A: List various types of insurance such as automobile, health, life, disability, and property. SSEPF5B: Explain the costs and benefits associated with different types of insurance; include deductibles, premiums, shared liability, and asset protection. Spring Break Provide class time for students to finalize Capstone Project Final Portfolio Submission (depending on date(s) for presentations) Begin Milestones Review Milestones Testing Final Exams Early Release Post-Planning