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2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name] Dates Weeks 1 and 2 Enduring Skills/Understandings Using evidence to support a claim Evaluating sources Taking action Unit Topic Standards Essential Vocabulary Basic Economic Concepts HS3.EDM.4 Economic Decision Making Use economic analysis to determine marginal benefits and marginal costs of the solution for an economic issue. HS4.EDM.4 Economic Decision Making Construct an argumentthat evaluates approaches to solving an economic issue, considering resource availability, opportunity cost and incentives. HS2.EDM.4 Economic Decision Making Use economic analysis to evaluate how economic choices and government policies impact individuals and groups.. HS1.EDM.6 National Economy Use economic analysis to determine how advancements in technology and investment in capital and human resources impact both economic growth and standards of living.. HS1.EDM.5 Exchange and Markets Explain how money facilitates exchange by reducing transactional costs and describe its relationship to financial institutions and related institutions. HS1.EDM.5 Exchange and Markets Explain how money facilitates exchange by reducing transactional costs and describe its relationship to financial institutions and related institutions. HS1.EDM.6 National Economy Use economic analysis to determine how advancements in technology and investment in capital and human resources impact both economic growth and standards of living.. HS4.EDM.4 Economic Decision Making Construct an argumentthat evaluates approaches to solving an economic issue, considering resource availability, opportunity cost and incentives. Economics,Wants, Needs, Scarcity, Economic Model, Trade Offs, Marginal Cost, Marginal Benefit, CostBenefit Analysis, Factors of Production Demand Weeks 3, 4, and 5 Supply Demand, Demand Schedule, Demand Curve, Law of Demand, Market Demand, Utility, Substitute, Demand Elasticity Supply, Law of Supply, Supply Schedule, Supply Curve, Profit, Market Supply, Productivity,Subsidy, Supply Elasticity, Surplus, Shortage, Equilibrium Weeks 5, 6, and 7 Page 1 of 2 2014-2015 2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name] Business and Labor marginal costs of the solution for an economic issue. HS4.EDM.4 Economic Decision Making Construct an argumentthat evaluates approaches to solving an economic issue, considering resource availability, opportunity cost and incentives. marginal costs of the solution for an economic issue. HS4.EDM.4 Economic Decision Making Construct an argumentthat evaluates approaches to solving an economic issue, considering resource availability, opportunity cost and incentives. Weeks 8, 9, and 10 Economic Boycotts and Government and the Economy HS3.EDM.5 Exchange and Markets Evaluate the effectiveness of government policies to regulate markets and analyze the impact of intended and unintended consequences of these policies on market outcomes. HS2.EDM.5 Exchange and Markets Identify market inefficiencies and analyze the effectiveness of government policies on both domestic and foreign markets. HS3.EDM.4 Economic Decision Making Use economic analysis to determine marginal benefits and marginal costs of the solution for an economic issue. Money and Banking HS1.EDM.5 Exchange and Markets Explain how money facilitates exchange by reducing transactional costs and describe its relationship to financial institutions and related institutions. HS2.EDM.4 Economic Decision Making Use economic analysis to evaluate how economic choices and government policies impact individuals and groups.. HS2.EDM.4 Economic Decision Making Use economic Weeks 11, 12, and 13 Weeks 14 and 15 Page 2 of 2 HS2.EDM.4 Economic Decision Making Use economic analysis to evaluate how economic choices and government policies impact individuals and groups.. HS1.EDM.6 National Economy Use economic analysis to determine how advancements in technology and investment in capital and human resources impact both economic growth and standards of living.. Proprietorship, Unlimited Liability, Financial Capital, Partnership, Articles of Partnership,Corporation, Charter, Stock,Stockholders, Board of Directors, Limited Liability, Cooperative, Closed Shop, Union Shop, Right to Work Laws, Modified Union Shop Mediation, Arbitration, Strike, Lockout Private Goods, Exclusion Principle, Public Goods, Nonexclusion Principle, Externality, Monopoly, Merger, Antitrust Laws, Natural Monopoly, Real GDP, Expansion, Peak, Recession, Civilian Labor Force, Unemployment Rate, Inflation, Stock Markets, Stock Exchanges, Poverty, Workfare, Progressive Income Tax Commercial Banks, Savings and Loans, Credit Unions, FDIC, Federal Reserve, Discount Rate 2014-2015 2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name] analysis to evaluate how economic choices and government policies impact individuals and groups.. Economic Systems Weeks16, 17, and 18 Dates Page 3 of 2 Essential Skills/Understandings Unit Topic HS2.EDM.7 Global Economy Use economic analysis to evaluate current economic trends and the role of comparative advantagein the international trade of goods and services. HS4.EDM.7 Global Economy Evaluate how current globalizationtrends and policies affect human rights and the environment. HS1.EDM.7 Global Economy Explain the role of Comparative advantage in the international trade of goods and services Standards Exports, Imports, Comparative Advantage, Tariff, , Exchange Rate, Market Economy, Command Economy, Communism, Mixed Economy, Traditional Economy, International Monetary Fund, World Bank Essential Vocabulary 2014-2015 2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name] Page 4 of 2 2014-2015