Download subject curriculum framework

Perry County Schools
SUBJECT CURRICULUM FRAMEWORK
9th Grade
Topic: Economics
Big Idea: Economics
Economics includes the study of production, distribution and consumption of goods and services. Students need to understand how their economic
decisions affect them, others, the nation and the world. The purpose of economic education is to enable individuals to function effectively both in their
own personal lives and as citizens and participants in an increasingly connected world economy. Students need to understand the benefits and costs of
economic interaction and interdependence among people, societies, and governments.
Academic Expectations
2.18
Students understand economic principles and are able to make economic decisions that have consequences in daily living.
Program Of
Studies:
Understandings
SS-H-Ec-U-2
Students will
understand that
economic systems are
created by individuals,
societies and
governments to
achieve broad goals
(e.g., security, growth,
freedom, efficiency,
equity).
Program of Studies:
Skills and Concepts
Core Content For
Assessment
DOK
SS-H-Ec-S-2
Students will compare and
contrast economic systems
(e.g., traditional, command,
market, mixed), and evaluate
their effectiveness in
achieving broad social goals
(e.g., freedom, efficiency,
equity, security)
SS-H-Ec-S-3
Students will analyze free
enterprise systems, and
explain strategies for
maximizing profits based on
different roles in the economy
(e.g., producers,
entrepreneurs, workers,
savers and investors)
SS-HS-3.2.1
Students will compare
and contrast economic
systems (traditional,
command, market,
mixed) based on their
abilities to achieve
broad social goals such
as freedom, efficiency,
equity, security and
growth in the modern
world.
DOK 2
SS-HS-3.2.2
Students will describe
economic institutions
such as corporations,
labor unions, banks,
stock markets,
cooperatives and
partnerships.
SS-HS-3.2.3
Students will explain
how, in a free
enterprise system,
individuals attempt to
Essential
Questions/
Content
What is an
economic
system?
In a free
enterprise
system how do
producers,
entrepreneurs
and workers
maximize
profits?
Level of
Mastery
Essential
Vocabulary
2nd nine
weeks
Traditional
economy
Command
economy
Market
economy
Mixed
economy
Free
enterprise
Entrepreneur
Resources
Assessments
Understandings
SS-H-Ec-U-3
Students will
understand that
markets (e.g., local,
national, global) are
institutional
arrangements that
enable buyers and
sellers to exchange
goods and services.
Skills & Concepts
SS-H-Ec-S-4
Students will describe
relationships between and
among markets (e.g., local,
national, global) and
exchange of goods and
services:
a) explain factors that
influence the supply and
demand of products (e.g.,
supply—technology, cost
of inputs, number of
sellers; demand—
income, utility, price of
similar products,
consumers' preferences)
b) describe how financial
and non-financial
incentives influence
individuals differently
(e.g., discounts, sales
promotions, trends,
personal convictions)
c) explain or model causeeffect relationships
between the level of
competition in a market
and the number of buyers
and sellers
d) research laws and
government mandates
Core Content
DoK
maximize their profits
based on their role in
the economy (e.g.,
producers try to
maximize resources,
entrepreneurs try to
maximize profits,
workers try to maximize
income, savers and
investors try to
maximize return).
DOK 2
SS-HS-3.3.1
Students will explain
and give examples of
how numerous factors
influence the supply
and demand of products
(e.g., supply—
technology, cost of
inputs, number of
sellers: demand—
income, utility, price of
similar products,
consumers'
preferences).
DOK 2
SS-HS-3.3.2
Students will describe
how specific financial and
non-financial incentives
often influence
individuals differently
(e.g., discounts, sales
promotions, trends,
personal convictions).
SS-HS-3.3.3
Students will explain how
the level of competition in
a market is largely
determined by the
number of buyers and
2
Essential
Questions
How does
supply and
demand control
prices?
What are the
benefits of
budgeting you
income?
Level of
Mastery
Essential
Vocabulary
Supply
Demand
Consumers
Scarcity
Income
Balanced
budget
Budget
deficit
Business
Cycle
Revenue
Incentives
Budgets
Profit
Subsidies
Standard of
living
Resources/
Assessments
Understandings
Skills & Concepts
(e.g., anti-trust legislation,
tariff policy, regulatory
policy) and analyze their
purposes and effects in
the United States and in
the global marketplace
SS-H-Ec-U-4
Students will
understand that all
societies deal with
questions about
production, distribution
and consumption.
SS-H-Ec-S-5
Students will investigate the
production, distribution, and
consumption of goods and
services:
a) analyze changing
relationships
between and among
business, labor and
government (e.g.,
unions, anti-trust
laws, tariff policy,
price controls,
subsidies, tax
incentives), and
examine the effects
of those changing
relationships on
production,
distribution and
consumption in the
United States
b) describe how
different factors (e.g.,
new knowledge,
technological
change, investments
in capital goods and
human capital/
resources) have
increased productivity
in the world.
Core Content
DoK
sellers.
SS-HS-3.3.4
Students will explain how
laws and government
mandates (e.g., anti-trust
legislation, tariff policy,
regulatory policy) have
been adopted to maintain
competition in the United
States and in the global
marketplace.
SS-HS-3.4.1
Students will analyze
the changing
relationships among
business, labor and
government (e.g.,
unions, anti-trust laws,
tariff policy, price
controls, subsidies, tax
incentives) and how
each has affected
production, distribution
and consumption in the
United States or the
world.
DOK 3
SS-HS-3.4.2
Students will describe
and give examples of
how factors such as
technological change,
investments in capital
goods and human
capital/resources have
increased productivity
in the world.
DOK 2
3
Essential
Questions
How can
technological
advancements
change
production?
What is the
relationship
between
business, labor
unions and the
government?
Level of
Mastery
Essential
Vocabulary
Labor unions
Taxes
Regressive
tax
Tax
incentives
Tariff
Production
Consumption
Distribution
Resources
Unions
anti-trust
laws tariff
policy price
controls
subsidies
labor laws
Progressive
tax
Resources/
Assessments
Understandings
SS-H-Ec-U-5
Students will
understand that a
variety of fundamental
economic concepts
(e.g., supply and
demand, opportunity
cost) affect individuals,
societies and
governments.
Skills & Concepts
SS-H-Ec-S-4
Students will describe
relationships between and
among markets (e.g., local,
national, global) and exchange
of goods and services:
a) explain factors that
influence the supply
and demand of
products (e.g.,
supply—technology,
cost of inputs,
number of sellers;
demand—income,
utility, price of similar
products, consumers'
preferences)
b) describe how
financial and nonfinancial incentives
influence individuals
differently (e.g.,
discounts, sales
promotions, trends,
personal convictions)
c) explain or model
cause-effect
relationships
between the level of
competition in a
market and the
number of buyers
and sellers
d) research laws and
government
mandates (e.g., antitrust legislation, tariff
policy, regulatory
policy) and analyze
their purposes and
Core Content
DoK
SS-HS-3.3.1
Students will explain
and give examples of
how numerous factors
influence the supply
and demand of products
(e.g., supply—
technology, cost of
inputs, number of
sellers: demand—
income, utility, price of
similar products,
consumers'
preferences).
DOK 2
effects in the United
States and in the global
marketplace
4
Essential
Questions
How does
supply,
demand and
opportunity
cost effect the
individual?
Society?
Government?
Level of
Mastery
Essential
Vocabulary
Capital
Supply
Demand
Opportunity
Cost
Utility
Resources/
Assessments