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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