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Economics
Mo
nth
Unit/Concept
February
Unit 1:
Personal Finance
Std #4, KI#1, PI #07
Std #4, KI#2, PI #01
Std #4, KI#2, PI #04
March
Major Concepts:
Investment Products
Mortgages
Credit Cards
Interest Rates
Insurance Products
Budgets
Kinds of Taxes
Taxes and Federalism
(Federal, State, and Local
Taxing)
Unit 2:
Corporations, Financial
Markets, and the United
States’ Economy
Std #4, KI#1, PI #01
Std #4, KI#1, PI #04
Std #4, KI#1, PI #07
Std #4, KI#2, PI #01
Std #4, KI#2, PI #02
Std #5, KI#2, PI #01
Std #5, KI#2, PI #03
Std #5, KI#2, PI #05
Major Concepts:
Free Market Capitalism
Types of Business
Organizations
Corporate Structure
Federal Oversight of
Financial markets
Stock Indices
Mutual Funds
Multinational
Corporations
Business Ethics
Essential Questions
1.When should a person try
to make an investment in a
home?
2. Is there an appropriate
way to use Credit Cards and
other types of short term
loans?
3. What types of insurance
products are necessary, and
when?
4. What effects do different
types of Government taxes
have on the financial
decisions of individuals and
households?
1.What are the advantages
and disadvantages of
investing in Financial
Markets?
2. What is role should the
Federal government play in
regulating Financial
Markets?
3. Are Financial Markets
important to the overall
economy?
4. What types of news affect
individual stocks, and what
types of news effect the
entire market?
Skills
Assessments
Tech Integration
1. Identify and locate
multiple sources for
financial information.
2. Use simple mathematical
and statistical devices to
analyze data
3. Classifying data by
creating tables and charts
4. Recognize the advantages
and limitations of various
media sources.
5. Learn and develop skills
of being a discussion leader
and participant.
1. Current Events
Presentations
2. Scored Class
Discussion
3. Short Quizzes
4. Unit Test
5. Written Journal
6. Personal
Finance Project
(student portfolio)
1. Shop for a house
Online
2. Shop for mortgages
And other bank loans
Online
3. Use insurance calculat
For various insurance
Products.
4. use energy calculators
To calculate energy costs
Online.
1. Make generalizations
from data by creating broad
statements that encompass
findings (Stock Market
project)
2. Recognize information
that is relevant as
differentiated from
information that is not
relevant (Stock Market
Project)
3. Identify multiple sources
of the same information
(Stock Market Project)
4. Support generalizations
in writing through the use of
relevant factual information.
(Stock Market Project)
5. Learn and develop skills
of being a discussion leader
and participant.
1.Stock Market
Simulation Project
2. Written Journal
3. Scored Class
Discussion
4. Short Quizzes
5. Unit Test
1. View dramatic
Reenactment of stock
Market fraud
2. Evaluate online source
Of Financial news.
3. Daily review of
Individual student stock
portfolios
Economics
Mo
nth
April
Unit/Concept
Essential Questions
Skills
Assessments
Tech Integration
Unit 3:
Microeconomics
1.What causes shifts in
supply and demand?
2. List reasons why all
people need to understand
Microeconomic theory in
order to manage their own
finances.
3. Do multinational
corporations respond to
demand, or do they create
supply for their products in
the Twenty first century?
1. Organize information in
precise, orderly,
summarized notes
2. Classify data by
developing graphic
organizers
3. Draw inferences from
data by identifying
relationships among the
parts
4. Use simple mathematical
and statistical devices to
analyze data
5. Learn and develop skills
of being a discussion leader
and participant
6. Use Synthesis to reach
conclusions and hypotheses
1. Current Events
Presentations
2. Scored Class
Discussion
3. Create Graphic
Organizer
4. Unit Test
5. Written Journal
1.
1.What are the advantages
and disadvantages of
Keynesian Economic
policy?
2.If you were the Federal
Reserve Board Chairman,
what would be your most
important economic
indicators, and how would
you use them?
3. Is there a connection
between American Political
History and American
Economic History?
4. List reasons why all
people need to understand
Macroeconomic theory in
order to manage their own
finances.
1. Draw inferences from
data by weighing
conflicting facts and
statements.
2. Classify data by
developing graphic
organizers
3. Develop charts to clarify
data and ideas.
4. Use simple mathematical
and statistical devices to
analyze data.
5. Learn and develop skills
of being a discussion leader
and participant.
6. Use Synthesis to reach
conclusions and hypotheses.
1.Current events
presentations
2. Written Journal
3. Scored Class
Discussion
4. Short Quizzes
5. Unit Test
1. Use of Inflation
Calculators
2. Online research of
Unemployment rates,
Federal Discount rates,
And historical GDP
Std #4, KI#1, PI #02
Std #4, KI#1 PI #03
Std #5, KI#4, PI #02
Std #5, KI#4, PI #03
Major Concepts:
Theory of Supply
Theory of Demand
Elasticity
The Business Cycle
Profit Motive
Multinational
Corporations
Business Ethics
May
Unit 4:
Macroeconomics
Std #4, KI#1, PI #02
Std #4, KI#1 PI #03
Std. #4 KI#1 #04
Std #4, KI#2, PI #03
Std #4, KI#2, PI #04
Major Concepts:
Monetary Policy
Fiscal Policy
Circular Flow
Aggregate Supply
Aggregate Demand
GDP
Inflation
Unemployment rates
Keynesian Economics
Classical Economics
The Federal Reserve
Economics
Essential Questions
Skills
Assessments
Tech Integration
Unit 5: Globalization
and Buffalo Economic
History
1. Identify the advantages
and disadvantages of each
stage of Globalization for
both Buffalo, and the world.
2. What are the advantages
of the “Flattened” world, for
industrialized, and
developing countries?
3. How can America remain
a Global economic
superpower in a “Flattened”
world?
4. How can Buffalo
revitalize itself during the
Seventh stage of
Globalization?
1. Support generalizations
through the use of relevant
factual information
2. Obtain research
information from a variety
of sources.
3. Develop a plan for
problem solving
4. Generalize from data by
checking for reasoning
against basic principles of
logic.
5. Use Synthesis, analysis
and evaluation to reach
hypothetical solutions to
Economic problems
6. Incorporate positive
learning attitudes by
recognizing and avoiding
stereotypes.
1.Current events
presentations
2. Written Journal
3. Scored Class
Discussion
4. Short Quizzes
5. Unit Test
6. Buffalo
Revitalization Project
(summative,
culminating social
studies learning
experience)
1. Use of online research
Materials for project
2.Identify economic
And demographic trends
Through use of Satellite
Photos
M
o
n
t
h
M
o
n
t
h June
cept
Std #2, KI#2, PI #01
Std #2, KI#4, PI #04
Std #3, KI#1, PI #01
Std #3, KI#1, PI #04
Std #3, KI#1, PI #05
Std #3, KI#1, PI #06
Std #4, KI#1, PI #04
Std #4, KI#1, PI #06
Std #4, KI#1, PI #07
Std #4, KI#2, PI #01
Std #4, KI#2, PI #02
Major Concepts:
Stages of Globalization
Causes of Globalization
Politics and
Globalization
Outsourcing labor
“The World is Flat”
Demographic trends
Suburban Sprawl