Download Competency Goal 1: The learner will investigate the

Competency Goal 9: The learner will analyze factors influencing the United States Economy
Essential Question: How do the features of our United States economy influence our lives?
Objective
9.01:
Identify phases of
the business cycle
and the economic
indicators used to
measure economic
activities and
trends.
9.02:
Describe the
impact of
government
regulation on
specific
economic
activities.
9.03:
Explain the
impact of the
movement of
human and
capital
resources on
the United
States
economy.
9.04:
Asses how current
events impact
decisions made by
consumers,
producers, and
government policy
makers
9.05:
Explain the impact
on the United
States economy of
international trade
and global
products.
9.06:
Investigate the
ways that
domestic and
international
economies are
interdependent.
9.07:
Analyze the
short-and
long-term
effects of
fiscal and
monetary
policy in the
United States
economy
9.08:
Analyze the influence of
environmental factors,
economic conditions, and
policy decisions on individual
economic activities.
Major
Concepts
Business cycle
Government
Regulations
Population
shifts
Technological
Advances
Global
interdependence
Federal
reserve
System
Environmental protection with
industry
Sunbelt
states
War and
Homeland
Security
Global
Interdependency
and International
Trade
Economic
Indicators
Frost belt or
rust belt
states
Spending and
taxation
Downsizing
Govt. regulation and its
impact on the individual
Federal ownership of land vs.
private ownership across the
country
Service
society
Key Terms
Peak/Prosperity
Contraction/recessi
on
Trough/Depression
Expansion/Recover
y
Gross Domestic
Product
Per Capita GDP
Standard of living
Consumer Price
Index
National Debt
Deregulation
Environmental
protection
Work place
safety
Consumer
protection
Labor
disputes
Affirmative
action
Migration
Immigration
Service
industries
Silicon valley
Research
triangle park
Microsoft Antitrust Case
Operation Iraqi
Freedom
Homeland security
Department
Patriot Act
Out-sourcing
N.C.’s Furniture
Industry
N.C.’s Textile
Industry
Personal decision making
related to economic
conditions
Tariffs
Foreign trade
Exchange rate
Treaty
Multinational
conglomerate
Globalization
North American
Free Trade
Agreement
World Trade
Organization
European Union
Unfavorable
Balanced Trade
Developed
Countries
Developing
Countries
Foreign aid
United Nations
International
Monetary Fund
World Bank
Free Trade
Monetary
Policy
Fiscal policy
Tight money
policy
Reserve
requirement
Discount rate
Interest rates
Open Market
Operations
Government
spending
Revenue
Taxation
Zoning and its impact on
economic development and
neighborhood standards
Scarcity
Depression
Inflation
Recession
Bear and bull markets
Radioactive waste disposal
NIMBY
Clean air and water act
OPEC oil Embargo
Zoning laws
Building codes
Favorable Balance
of Trade
Comparative
advantage
Child Labor
Human rights
Personal
Income Tax
Excise tax
Regressive
tax
Progressive
tax
Proportional
tax
Sales tax