Download ACCESS HIGH SCHOOL ECONOMICS UNIT 3

ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
As a district-wide commitment to achieve a viable curriculum for all students, this curriculum organizer was developed to assist
teacher in prioritizing standards, time, effort, and resources to maximize student learning. Please note the recommended pacing is 6
weeks per unit and should take the needs of students into consideration. Standards for language, speaking and listening will be
embedded throughout the year due to their critical role in the ongoing development of literacy skills for effective communication and
comprehension.
Unit Focus &
Pacing
Overview
Focus
Access Points
Embedded
Ongoing
Unit 1
6 Weeks
Money, Banking
and Finance
The Federal Reserve is the nation’s largest bank which controls
interest rates and supervises banking institutions.
SS.912.E.1.In.m
SS.912.E.2.In.j
SS.912.FL.3.In.e
SS.912.FL.5.In.l
SS.912.E.1.Su.m
SS.912.E.2.Su.j
SS.912.FL.3.Su.e
SS.912.FL.5.Su.l
SS.912.E.1.Pa.m
SS.912.E.2.Pa.j
SS.912.FL.3.Pa.e
SS.912.FL.5.Pa.l
GDP, Inflation
and
Unemployment
Money moves through the local economy via individuals and
households as well as banks. businesses and government.
SS.912.E.1.In.d
SS.912.E.1.In.l
SS.912.E.2.In.e
SS.912.E.2.In.g
SS.912.E.2.In.l
SS.912.E.3.In.a
SS.912.E.3.In.b
SS.912.E.3.In.c
SS.912.E.3.In.d
SS.912.E.1.Su.d
SS.912.E.1.Su.l
SS.912.E.2.Su.e
SS.912.E.2.Su.g
SS.912.E.2.Su.l
SS.912.E.3.Su.a
SS.912.E.3.Su.b
SS.912.E.3.Su.c
SS.912.E.3.Su.d
SS.912.E.1.Pa.d
SS.912.E.1.Pa.l
SS.912.E.2.Pa.e
SS.912.E.2.Pa.g
SS.912.E.2.Pa.l
SS.912.E.3.Pa.a
SS.912.E.3.Pa.b
SS.912.E.3.Pa.c
SS.912.E.3.Pa.d
SS.912.E.1.In.d
SS.912.E.1.In.j
SS.912.E.1.In.k
SS.912.E.2.In.b
SS.912.E.2.In.a
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
SS.912.E.2.In.h
SS.912.E.2.In.i
SS.912.E.2.In.j
SS.912.FL.1.In.f
SS.912.FL.5.In.h
Taxation, Fiscal
and Monetary
Policy
Governments use taxation and oversight of government spending to
support the economy.
SS.912.E.1.Su.d
SS.912.E.1.Su.j
SS.912.E.1.Su.k
SS.912.E.2.Su.b
SS.912.E.2.Su.a
SS.912.E.2.Su.h
SS.912.E.2.Su.i
SS.912.E.2.Su.j
SS.912.FL.1.Su.f
SS.912.FL.5.Su.h
SS.912.E.1.Pa.d
SS.912.E.1.Pa.j
SS.912.E.1.Pa.k
SS.912.E.2.Pa.b
SS.912.E.2.Pa.a
SS.912.E.2.Pa.h
SS.912.E.2.Pa.i
SS.912.E.2.Pa.j
SS.912.FL.1.Pa.f
SS.912.FL.5.Pa.h
SS.912.E.3.In.a
SS.912.E.3.In.b
SS.912.E.3.In.c
SS.912.E.3.In.d
SS.912.E.3.In.e
SS.912.E.3.In.f
Global Economy
and Economic
Thought
Economics involves the study of how people and countries make
decisions about the use of scarce resources in the most efficient way.
SS.912.E.3.Su.a
SS.912.E.3.Su.b
SS.912.E.3.Su.c
SS.912.E.3.Su.d
SS.912.E.3.Su.e
SS.912.E.3.Su.f
SS.912.E.3.Pa.a
SS.912.E.3.Pa.b
SS.912.E.3.Pa.c
SS.912.E.3.Pa.d
SS.912.E.3.Pa.e
SS.912.E.3.Pa.f
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Unit Scale (Multidimensional) (MDS)
The multidimensional, unit scale is a curricular organizer for the unit and provides preliminary unpacking of the focus standards. The
MDS should prompt PLCs to further explore questions #1, “What do we expect all students to learn?”
4.0
3.0
The student is able to utilize the 3.0 standards independently through choice and real-life application.
MONEY, BANKING AND FINANCE
In:
SS.912.E.1.In.m Describe the basic functions of money in the United States.
SS.912.E.2.In.j Identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
SS.912.FL.3.In.e Explain how government agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.In.l Discuss the roles of government agencies that regulate financial markets.
Su:
SS.912.E.1.Su.m Identify the basic functions of money in the United States.
SS.912.E.2.Su.j Recognize a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.3.Su.e Identify how agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.Su.l Identify an agency that regulates financial markets.
Pa:
SS.912.E.1.Pa.m Recognize a use for money in the United States.
SS.912.E.2.Pa.j Recognize that the government controls money.
SS.912.FL.3.Pa.e Identify the agencies that protect the banking system.
SS.912.FL.5.Pa.l Recognize that there are agencies that regulate financial markets.
GDP, INFLATION AND UNEMPLOYMENT
In:
SS.912.E.1.In.d Describe how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.l Identify changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.In.e Identify how investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.In.g Identify a common impact of inflation on society.
SS.912.E.2.In.l Identify the flow of money in a local economy, including the individual and household, businesses, banks, government, and
international trade.
SS.912.E.3.In.a Identify the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Identify economic advantages a country may have when trading with another country, such as abundant natural
resources and a cheap labor force.
SS.912.E.3.In.c Identify examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Identify an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
Su:
SS.912.E.1.Su.d Identify examples of the interaction between supply and demand.
SS.912.E.1.Su.l Recognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.Su.e Recognize that investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.Su.g Recognize a common impact of inflation on society.
SS.912.E.2.Su.l Recognize the movement of money in a local economy, including the individual and household, businesses, banks, and
government.
SS.912.E.3.Su.a Recognize an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Recognize examples of economic advantages a country may have when trading with another country, such as abundant
natural resources.
SS.912.E.3.Su.c Recognize a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Recognize an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
Pa:
SS.912.E.1.Pa.d Recognize that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.l Recognize a change in the business cycle, such as growth (peak).
SS.912.E.2.Pa.e Recognize that investment may increase productivity.
SS.912.E.2.Pa.g Recognize that the cost of items can increase.
SS.912.E.2.Pa.l Recognize that money moves from buyer to seller.
SS.912.E.3.Pa.a Recognize that costs of goods and services change over time.
SS.912.E.3.Pa.b Recognize the advantage of a trade.
SS.912.E.3.Pa.c Recognize a disadvantage (barrier) of a trade.
SS.912.E.3.Pa.d Recognize a positive or negative side effect (externality) of producing goods in the international environment.
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
TAXATION, FISCAL AND MONETARY POLICY
In:
SS.912.E.1.In.d Describe how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.j Identify that the government uses taxation and oversight of government spending to support the economy.
SS.912.E.1.In.k Identify that the Federal Reserve controls interest rates to affect economic growth.
SS.912.E.2.In.b Identify a public policy issue that affects the student’s community and potential consequences, such as rezoning for
housing and businesses or building new roads.
SS.912.E.2.In.a Identify broad economic goals, such as freedom, security, and full employment.
SS.912.E.2.In.h Identify different types of taxes, such as income, sales, and social security.
SS.912.E.2.In.i Recognize the relationship between government spending and taxation and the economy.
SS.912.E.2.In.j Identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
SS.912.FL.1.In.f Identify that different taxes are paid to three levels of government to provide goods and services to individuals.
SS.912.FL.5.In.h Discuss ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
SS.912.E.1.Su.d Identify examples of the interaction between supply and demand.
SS.912.E.1.Su.j Recognize that the government uses tax money to support the economy.
SS.912.E.1.Su.k Recognize that the bank of the federal government (Federal Reserve) controls some interest rates.
SS.912.E.2.Su.b Recognize a public policy issue that affects the student’s community and a possible consequence, such as planning for
new houses.
SS.912.E.2.Su.a Recognize a broad economic goal, such as full employment.
SS.912.E.2.Su.h Recognize different types of taxes, such as income, sales, and social security.
SS.912.E.2.Su.i Recognize that government spending and taxation affects the economy.
SS.912.E.2.Su.j Recognize a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.1.Su.f Identify that different taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Su.h Identify economic conditions that affect prices of financial assets.
Pa:
SS.912.E.1.Pa.d Recognize that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.j Recognize that the government makes rules about money.
SS.912.E.1.Pa.k Recognize that the government makes rules about money.
SS.912.E.2.Pa.b Recognize the value of a community project, such as recycling.
SS.912.E.2.Pa.a Recognize a reason for employment.
SS.912.E.2.Pa.h Recognize a tax, such as sales tax.
SS.912.E.2.Pa.i Recognize that the government spends money.
SS.912.E.2.Pa.j Recognize that the government controls money.
SS.912.FL.1.Pa.f Recognize that taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Pa.h Recognize economic conditions.
GLOBAL ECONOMY AND ECONOMIC THOUGHT
In:
SS.912.E.3.In.a Identify the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Identify economic advantages a country may have when trading with another country, such as abundant natural
resources and a cheap labor force.
SS.912.E.3.In.c Identify examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Identify an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
SS.912.E.3.In.e Identify differences in the economies of the United States and another country, such as the standard of living and
productivity.
SS.912.E.3.In.f Identify that economics involves the study of how people and countries make decisions about the use of scarce resources
in the most efficient way.
Su:
SS.912.E.3.Su.a Recognize an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Recognize examples of economic advantages a country may have when trading with another country, such as abundant
natural resources.
SS.912.E.3.Su.c Recognize a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Recognize an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
SS.912.E.3.Su.e Recognize a characteristic of another country’s economy, such as the standard of living.
SS.912.E.3.Su.f Recognize that economics involves the study of how people and countries make decisions about the use of scarce
resources in the most efficient way.
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
2.0
Pa:
SS.912.E.3.Pa.a Recognize that costs of goods and services change over time.
SS.912.E.3.Pa.b Recognize the advantage of a trade.
SS.912.E.3.Pa.c Recognize a disadvantage (barrier) of a trade.
SS.912.E.3.Pa.d Recognize a positive or negative side effect (externality) of producing goods in the international environment.
SS.912.E.3.Pa.e Recognize an economic characteristic of daily living, such as the cost of housing.
SS.912.E.3.Pa.f Recognize that people study the economy.
MONEY, BANKING AND FINANCE
The student will recognize or recall specific vocabulary:
In: medium of exchange, commodity money, representative money, fiat money, FDIC, required reserve ration, financial intermediary
Su: unit of account, store of value, currency, central bank, member bank, Federal Reserve System, money supply, default, mortgage
Pa: money, liquidity, default
The student will:
In:
SS.912.E.1.In.m Identify the basic functions of money in the United States.
SS.912.E.2.In.j Recognize a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
SS.912.FL.3.In.e Identify how government agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.In.l Identify the roles of government agencies that regulate financial markets.
Su:
SS.912.E.1.Su.m Recognize the basic functions of money in the United States.
SS.912.E.2.Su.j Name a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.3.Su.e Recognize how agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.Su.l Recognize an agency that regulates financial markets.
Pa:
SS.912.E.1.Pa.m Name a use for money in the United States.
SS.912.E.2.Pa.j State that the government controls money.
SS.912.FL.3.Pa.e Recognize the agencies that protect the banking system.
SS.912.FL.5.Pa.l State that there are agencies that regulate financial markets.
GDP, INFLATION AND UNEMPLOYMENT
The student will recognize or recall specific vocabulary:
In: Gross Domestic Product, aggregate price level, stagflation, leading economic indicators, underemployment, inflation, , CPI price index,
quantity theory, demand pull theory, hyperinflation
Su: intermediate goods, real GDP, aggregate supply and demand, contraction, trough, recession, depression, unemployment rate
Pa: GDP, business cycle, expansion, peak, unemployment, purchasing power
The student will:
In:
SS.912.E.1.In.d Identify how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.l Recognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.In.e Recognize how investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.In.g Recognize a common impact of inflation on society.
SS.912.E.2.In.l Recognize the flow of money in a local economy, including the individual and household, businesses, banks, government,
and international trade.
SS.912.E.3.In.a Recognize the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Recognize economic advantages a country may have when trading with another country, such as abundant natural
resources and a cheap labor force.
SS.912.E.3.In.c Recognize examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Recognize an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
Su:
SS.912.E.1.Su.d Recognize examples of the interaction between supply and demand.
SS.912.E.1.Su.l Name a change in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.Su.e State that investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.Su.g Name a common impact of inflation on society.
SS.912.E.2.Su.l Name the movement of money in a local economy, including the individual and household, businesses, banks, and
government.
SS.912.E.3.Su.a State an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Name an example of economic advantages a country may have when trading with another country, such as abundant
natural resources.
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
SS.912.E.3.Su.c Name a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Name an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
Pa:
SS.912.E.1.Pa.d State that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.l Name a change in the business cycle, such as growth (peak).
SS.912.E.2.Pa.e State that investment may increase productivity.
SS.912.E.2.Pa.g State that the cost of items can increase.
SS.912.E.2.Pa.l State that money moves from buyer to seller.
SS.912.E.3.Pa.a State that costs of goods and services change over time.
SS.912.E.3.Pa.b Name the advantage of a trade.
SS.912.E.3.Pa.c Name a disadvantage (barrier) of a trade.
SS.912.E.3.Pa.d Name a positive or negative side effect (externality) of producing goods in the international environment.
TAXATION, FISCAL AND MONETARY POLICY
The student will recognize or recall specific vocabulary:
In: tax base, proportional tax, progressive tax, tax incidence, FICA tax, mandatory spending, discretionary spending, automatic stabilizer
Su: revenue, withholding, tax return, exemption, deduction, social security, tax incentive, fiscal policy, monetary policy
Pa: tax, estate tax, gift tax, tariff, balanced budget, national debt
The student will:
In:
SS.912.E.1.In.d Identify how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.j Recognize that the government uses taxation and oversight of government spending to support the economy.
SS.912.E.1.In.k Recognize that the Federal Reserve controls interest rates to affect economic growth.
SS.912.E.2.In.b Recognize a public policy issue that affects the student’s community and potential consequences, such as rezoning for
housing and businesses or building new roads.
SS.912.E.2.In.a Recognize broad economic goals, such as freedom, security, and full employment.
SS.912.E.2.In.h Recognize different types of taxes, such as income, sales, and social security.
SS.912.E.2.In.i Name the relationship between government spending and taxation and the economy.
SS.912.E.2.In.j Recognize a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
SS.912.FL.1.In.f Recognize that different taxes are paid to three levels of government to provide goods and services to individuals.
SS.912.FL.5.In.h Id entify ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
SS.912.E.1.Su.d Recognize examples of the interaction between supply and demand.
SS.912.E.1.Su.j State that the government uses tax money to support the economy.
SS.912.E.1.Su.k State that the bank of the federal government (Federal Reserve) controls some interest rates.
SS.912.E.2.Su.b Name a public policy issue that affects the student’s community and a possible consequence, such as planning for new
houses.
SS.912.E.2.Su.a Name a broad economic goal, such as full employment.
SS.912.E.2.Su.h Name different types of taxes, such as income, sales, and social security.
SS.912.E.2.Su.i State that government spending and taxation affects the economy.
SS.912.E.2.Su.j Name a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.1.Su.f State that different taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Su.h Recognize economic conditions that affect prices of financial assets.
Pa:
SS.912.E.1.Pa.d State that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.j State that the government makes rules about money.
SS.912.E.1.Pa.k State that the government makes rules about money.
SS.912.E.2.Pa.b Name the value of a community project, such as recycling.
SS.912.E.2.Pa.a Name a reason for employment.
SS.912.E.2.Pa.h Name a tax, such as sales tax.
SS.912.E.2.Pa.i State that the government spends money.
SS.912.E.2.Pa.j State that the government controls money.
SS.912.FL.1.Pa.f State that taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Pa.h Name an economic condition.
GLOBAL ECONOMY AND ECONOMIC THOUGHT
The student will recognize or recall specific vocabulary:
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
In: absolute advantage, comparative advantage, import quota, protectionism, infant industry, European Union, NAFTA
Su: export, import, trade barrier, customs, trade war, WTO
Pa: embargo, duty
1.0
The student will:
In:
SS.912.E.3.In.a Recognize the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Recognize economic advantages a country may have when trading with another country, such as abundant natural
resources and a cheap labor force.
SS.912.E.3.In.c Recognize examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Recognize an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
SS.912.E.3.In.e Recognize differences in the economies of the United States and another country, such as the standard of living and
productivity.
SS.912.E.3.In.f Recognize that economics involves the study of how people and countries make decisions about the use of scarce
resources in the most efficient way.
Su:
SS.912.E.3.Su.a Name an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Name an example of economic advantages a country may have when trading with another country, such as abundant
natural resources.
SS.912.E.3.Su.c Name a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Name an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
SS.912.E.3.Su.e Name a characteristic of another country’s economy, such as the standard of living.
SS.912.E.3.Su.f State that economics involves the study of how people and countries make decisions about the use of scarce resources in
the most efficient way.
Pa:
SS.912.E.3.Pa.a State that costs of goods and services change over time.
SS.912.E.3.Pa.b Name the advantage of a trade.
SS.912.E.3.Pa.c Name a disadvantage (barrier) of a trade.
SS.912.E.3.Pa.d State a positive or negative side effect (externality) of producing goods in the international environment.
SS.912.E.3.Pa.e Name an economic characteristic of daily living, such as the cost of housing.
SS.912.E.3.Pa.f State that people study the economy.
The student needs prompting and support to complete 2.0 content.
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Unpacking the Standard: What do we want students to Know, Understand and Do (KUD):
The purpose of creating a Know, Understand, and Do Map (KUD) is to further the unwrapping of a standard beyond what the MDS
provides and assist PLCs in answering question #1, “What do we expect all students to learn?” It is important for PLCs to study the
focus standards in the unit to ensure that all members have a mutual understanding of what student learning will look like and sound
like when the standards are achieved. Additionally, collectively unwrapping the standard will help with the creation of the unidimensional scale (for use with students). When creating a KUD, it is important to consider the standard under study within a K-12
progression and identify the prerequisite skills, from prior grade level standards, that are essential for mastery of the standard.
Macroeconomics
MONEY, BANKING AND FINANCE
In:
SS.912.E.1.In.m Describe the basic functions of money in the United States.
SS.912.E.2.In.j Identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking
institutions.
SS.912.FL.3.In.e Explain how government agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.In.l Discuss the roles of government agencies that regulate financial markets.
Su:
SS.912.E.1.Su.m Identify the basic functions of money in the United States.
SS.912.E.2.Su.j Recognize a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.3.Su.e Identify how agencies regulate financial institutions to protect the banking system.
SS.912.FL.5.Su.l Identify an agency that regulates financial markets.
Pa:
SS.912.E.1.Pa.m Recognize a use for money in the United States.
SS.912.E.2.Pa.j Recognize that the government controls money.
SS.912.FL.3.Pa.e Identify the agencies that protect the banking system.
SS.912.FL.5.Pa.l Recognize that there are agencies that regulate financial markets.
GDP, INFLATION AND UNEMPLOYMENT
In:
SS.912.E.1.In.d Describe how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.l Identify changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.In.e Identify how investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.In.g Identify a common impact of inflation on society.
SS.912.E.2.In.l Identify the flow of money in a local economy, including the individual and household, businesses, banks, government, and international
trade.
SS.912.E.3.In.a Identify the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Identify economic advantages a country may have when trading with another country, such as abundant natural resources and a cheap
labor force.
SS.912.E.3.In.c Identify examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Identify an example of the economic impact of positive and negative side effects (externalities) on the international environment.
Su:
SS.912.E.1.Su.d Identify examples of the interaction between supply and demand.
SS.912.E.1.Su.l Recognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
SS.912.E.2.Su.e Recognize that investment in factories, machinery, technology, or people can impact productivity.
SS.912.E.2.Su.g Recognize a common impact of inflation on society.
SS.912.E.2.Su.l Recognize the movement of money in a local economy, including the individual and household, businesses, banks, and government.
SS.912.E.3.Su.a Recognize an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Recognize examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
SS.912.E.3.Su.c Recognize a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Recognize an example of the economic impact of a positive and negative side effect (externality) on the international environment.
Pa:
SS.912.E.1.Pa.d Recognize that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.l Recognize a change in the business cycle, such as growth (peak).
SS.912.E.2.Pa.e Recognize that investment may increase productivity.
SS.912.E.2.Pa.g Recognize that the cost of items can increase.
SS.912.E.2.Pa.l Recognize that money moves from buyer to seller.
SS.912.E.3.Pa.a Recognize that costs of goods and services change over time.
SS.912.E.3.Pa.b Recognize the advantage of a trade.
SS.912.E.3.Pa.c Recognize a disadvantage (barrier) of a trade.
8
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
SS.912.E.3.Pa.d Recognize a positive or negative side effect (externality) of producing goods in the international environment.
TAXATION, FISCAL AND MONETARY POLICY
In:
SS.912.E.1.In.d Describe how the interaction between supply and demand affects the price of a product.
SS.912.E.1.In.j Identify that the government uses taxation and oversight of government spending to support the economy.
SS.912.E.1.In.k Identify that the Federal Reserve controls interest rates to affect economic growth.
SS.912.E.2.In.b Identify a public policy issue that affects the student’s community and potential consequences, such as rezoning for housing and
businesses or building new roads.
SS.912.E.2.In.a Identify broad economic goals, such as freedom, security, and full employment.
SS.912.E.2.In.h Identify different types of taxes, such as income, sales, and social security.
SS.912.E.2.In.i Recognize the relationship between government spending and taxation and the economy.
SS.912.E.2.In.j Identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking
institutions.
SS.912.FL.1.In.f Identify that different taxes are paid to three levels of government to provide goods and services to individuals.
SS.912.FL.5.In.h Discuss ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
SS.912.E.1.Su.d Identify examples of the interaction between supply and demand.
SS.912.E.1.Su.j Recognize that the government uses tax money to support the economy.
SS.912.E.1.Su.k Recognize that the bank of the federal government (Federal Reserve) controls some interest rates.
SS.912.E.2.Su.b Recognize a public policy issue that affects the student’s community and a possible consequence, such as planning for new houses.
SS.912.E.2.Su.a Recognize a broad economic goal, such as full employment.
SS.912.E.2.Su.h Recognize different types of taxes, such as income, sales, and social security.
SS.912.E.2.Su.i Recognize that government spending and taxation affects the economy.
SS.912.E.2.Su.j Recognize a function of the Federal Reserve System, such as to control interest rates.
SS.912.FL.1.Su.f Identify that different taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Su.h Identify economic conditions that affect prices of financial assets.
Pa:
SS.912.E.1.Pa.d Recognize that goods are produced because people want or need them (supply and demand).
SS.912.E.1.Pa.j Recognize that the government makes rules about money.
SS.912.E.1.Pa.k Recognize that the government makes rules about money.
SS.912.E.2.Pa.b Recognize the value of a community project, such as recycling.
SS.912.E.2.Pa.a Recognize a reason for employment.
SS.912.E.2.Pa.h Recognize a tax, such as sales tax.
SS.912.E.2.Pa.i Recognize that the government spends money.
SS.912.E.2.Pa.j Recognize that the government controls money.
SS.912.FL.1.Pa.f Recognize that taxes are paid to the government to provide goods and services to individuals.
SS.912.FL.5.Pa.h Recognize economic conditions.
GLOBAL ECONOMY AND ECONOMIC THOUGHT
In:
SS.912.E.3.In.a Identify the impact of inflation on world economies, such as oil prices and the Great Depression.
SS.912.E.3.In.b Identify economic advantages a country may have when trading with another country, such as abundant natural resources and a cheap
labor force.
SS.912.E.3.In.c Identify examples of barriers to trade, such as quotas and tariffs.
SS.912.E.3.In.d Identify an example of the economic impact of positive and negative side effects (externalities) on the international environment.
SS.912.E.3.In.e Identify differences in the economies of the United States and another country, such as the standard of living and productivity.
SS.912.E.3.In.f Identify that economics involves the study of how people and countries make decisions about the use of scarce resources in the most
efficient way.
Su:
SS.912.E.3.Su.a Recognize an impact of inflation on the economy, such as oil prices.
SS.912.E.3.Su.b Recognize examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
SS.912.E.3.Su.c Recognize a barrier to trade, such as quotas and tariffs.
SS.912.E.3.Su.d Recognize an example of the economic impact of a positive and negative side effect (externality) on the international environment.
SS.912.E.3.Su.e Recognize a characteristic of another country’s economy, such as the standard of living.
SS.912.E.3.Su.f Recognize that economics involves the study of how people and countries make decisions about the use of scarce resources in the most
efficient way.
Pa:
SS.912.E.3.Pa.a Recognize that costs of goods and services change over time.
SS.912.E.3.Pa.b Recognize the advantage of a trade.
SS.912.E.3.Pa.c Recognize a disadvantage (barrier) of a trade.
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ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
SS.912.E.3.Pa.d Recognize a positive or negative side effect (externality) of producing goods in the international environment.
SS.912.E.3.Pa.e Recognize an economic characteristic of daily living, such as the cost of housing.
SS.912.E.3.Pa.f Recognize that people study the economy.
Know
Declarative knowledge: Facts, vocabulary,
information
MONEY, BANKING AND FINANCE
In:
The Federal Reserve supervises banking
institutions.
Su:
The Federal Reserve manages interest rates and
the nation’s money supply.
Pa:
Money is used to buy things.
The government controls our money.
Financial agencies control the money markets.
GDP, INFLATION AND UNEMPLOYMENT
In:
Inflation often causes oil prices to rise.
Inflation caused the Great Depression in the
1920’s.
Some countries have a cheaper labor force than
others.
Quotas and tariffs can cause an increase in prices.
Su:
There is a cycle that businesses go through.
Investments in machines, people and technology
Understand
Do
“Essential understandings,” or
generalizations, and represent ideas
that are transferable to other contexts.
Procedural knowledge: Skills, strategies
and processes that are transferrable to
other contexts.
MONEY, BANKING AND FINANCE
Level 1 (Retrieval)
In:
Su:
Recognize a function of the Federal Reserve
System, such as to control interest rates.
Pa:
Recognize a use for money in the United States.
Recognize that the government controls money.
Recognize that there are agencies that regulate
financial markets.
Level 2 (Comprehension)
In:
Identify a function of the Federal Reserve
System, such as to control interest rates and the
money supply and supervise banking institutions.
Su:
Identify the basic functions of money in the
United States.
Identify how agencies regulate financial
institutions to protect the banking system.
Identify an agency that regulates financial
markets.
Pa:
Identify the agencies that protect the banking
system.
Level 3 (Analysis)
In:
Describe the basic functions of money in the
United States.
Explain how government agencies regulate
financial institutions to protect the banking
system.
Discuss the roles of government agencies that
regulate financial markets.
Su:
Pa:
Level 4 (Knowledge Utilization)
GDP, INFLATION AND UNEMPLOYMENT
Level 1 (Retrieval)
In:
Su:
Recognize changes in the business cycle, such as
peak, contraction-unemployment, trough, and
expansion-inflation.
Recognize that investment in factories,
machinery, technology, or people can impact
productivity.
Recognize a common impact of inflation on
society.
10
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
affects productivity.
Inflation causes a reduction in spending and
increase in prices.
Inflation often means the cost of oil rises.
Some countries have more resources to sell than
others.
Pa:
Businesses sometimes grow and sometimes
decline.
Investment can increase productivity.
Recognize the movement of money in a local
economy, including the individual and
household, businesses, banks, and government.
Recognize an impact of inflation on the
economy, such as oil prices.
Recognize examples of economic advantages a
country may have when trading with another
country, such as abundant natural resources.
Recognize a barrier to trade, such as quotas and
tariffs.
Recognize an example of the economic impact of
a positive and negative side effect (externality)
on the international environment.
Pa:
Recognize that goods are produced because
people want or need them (supply and demand).
Recognize a change in the business cycle, such as
growth (peak).
Recognize that investment may increase
productivity.
Recognize that the cost of items can increase.
Recognize that money moves from buyer to
seller.
Recognize that costs of goods and services
change over time.
Recognize the advantage of a trade.
Recognize a disadvantage (barrier) of a trade.
Recognize a positive or negative side effect
(externality) of producing goods in the
international environment.
Level 2 (Comprehension)
In:
In:
Identify changes in the business cycle, such as
peak, contraction-unemployment, trough, and
expansion-inflation.
Identify how investment in factories, machinery,
technology, or people can impact productivity.
Identify a common impact of inflation on society.
Identify the flow of money in a local economy,
including the individual and household,
businesses, banks, government, and
international trade.
Identify the impact of inflation on world
economies, such as oil prices and the Great
Depression.
Identify economic advantages a country may
have when trading with another country, such as
abundant natural resources and a cheap labor
force.
Identify examples of barriers to trade, such as
quotas and tariffs.
Identify an example of the economic impact of
positive and negative side effects (externalities)
on the international environment.
Su:
Identify examples of the interaction between
supply and demand.
Pa:
11
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Level 3 (Analysis)
In:
Describe how the interaction between supply
and demand affects the price of a product.
Level 4 (Knowledge Utilization)
TAXATION, FISCAL AND MONETARY POLICY
In:
The government uses our taxes to fund programs
and the economy.
The government controls interest rates to make
our economy grow.
The government makes policies that build new
roads and control housing.
Su:
The bank of the government is called the Federal
Reserve.
The Federal Reserve controls interest rates.
The government makes policies about housing.
The government wants everyone to be employed.
There are different kinds of taxes including income
tax, sales tax and social security tax.
Pa:
The government makes rules about money.
Recycling is a program that helps our communities.
A type of tax is sales tax.
The government spends and controls money.
Taxes are paid to the government.
TAXATION, FISCAL AND MONETARY POLICY
Level 1 (Retrieval)
In:
Recognize the relationship between government
spending and taxation and the economy.
Su:
Recognize that the government uses tax money
to support the economy.
Recognize that the bank of the federal
government (Federal Reserve) controls some
interest rates.
Recognize a public policy issue that affects the
student’s community and a possible
consequence, such as planning for new houses.
Recognize a broad economic goal, such as full
employment.
Recognize different types of taxes, such as
income, sales, and social security.
Recognize that government spending and
taxation affects the economy.
Recognize a function of the Federal Reserve
System, such as to control interest rates.
Pa:
Recognize that goods are produced because
people want or need them (supply and demand).
Recognize that the government makes rules
about money.
Recognize that the government makes rules
about money.
Recognize the value of a community project,
such as recycling.
Recognize a reason for employment.
Recognize a tax, such as sales tax.
Recognize that the government spends money.
Recognize that the government controls money.
Recognize that taxes are paid to the government
to provide goods and services to individuals.
Recognize economic conditions.
Level 2 (Comprehension)
In:
Identify that the government uses taxation and
oversight of government spending to support the
economy.
Identify that the Federal Reserve controls
interest rates to affect economic growth.
Identify a public policy issue that affects the
student’s community and potential
consequences, such as rezoning for housing and
businesses or building new roads.
Identify broad economic goals, such as freedom,
security, and full employment.
Identify different types of taxes, such as income,
sales, and social security.
12
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Identify a function of the Federal Reserve
System, such as to control interest rates and the
money supply and supervise banking institutions.
Identify that different taxes are paid to three
levels of government to provide goods and
services to individuals.
Identify that different taxes are paid to the
government to provide goods and services to
individuals.
Su:
Identify examples of the interaction between
supply and demand.
Identify economic conditions that affect prices of
financial assets.
Pa:
Level 3 (Analysis)
In:
Describe how the interaction between supply
and demand affects the price of a product.
Discuss ways that the prices of financial assets
are affected by interest rates and other
economic conditions.
Level 4 (Knowledge Utilization)
GLOBAL ECONOMY AND ECONOMIC THOUGHT
In:
Inflation impacts the world economy.
A tariff is a tax a country imposes on a trade.
Economics is the study of how a country uses
scarce resources.
Su:
The standard of living is different in other
countries.
Economics is the study of how people make
decisions abut resources and money.
Pa:
The cost of things changes over time.
There are advantages and disadvantages to trades.
GLOBAL ECONOMY AND ECONOMIC
THOUGHT
Level 1 (Retrieval)
In:
Su:
Recognize an impact of inflation on the
economy, such as oil prices.
Recognize examples of economic advantages a
country may have when trading with another
country, such as abundant natural resources.
Recognize a barrier to trade, such as quotas and
tariffs.
Recognize an example of the economic impact of
a positive and negative side effect (externality)
on the international environment.
Recognize a characteristic of another country’s
economy, such as the standard of living.
Recognize that economics involves the study of
how people and countries make decisions about
the use of scarce resources in the most efficient
way.
Pa:
Recognize that costs of goods and services
change over time.
Recognize the advantage of a trade.
Recognize a disadvantage (barrier) of a trade.
Recognize a positive or negative side effect
(externality) of producing goods in the
international environment.
Level 2 (Comprehension)
In:
Identify the impact of inflation on world
economies, such as oil prices and the Great
Depression.
Identify economic advantages a country may
13
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
have when trading with another country, such as
abundant natural resources and a cheap labor
force.
Identify examples of barriers to trade, such as
quotas and tariffs.
Identify an example of the economic impact of
positive and negative side effects (externalities)
on the international environment.
Identify differences in the economies of the
United States and another country, such as the
standard of living and productivity.
Identify that economics involves the study of
how people and countries make decisions about
the use of scarce resources in the most efficient
way.
Su:
Pa:
Level 3 (Analysis)
Level 4 (Knowledge Utilization)
14
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Uni-Dimensional, Lesson Scale:
The uni-dimensional, lesson scale unwraps the cognitive complexity of a focus standard for the unit, using student friendly language. The
purpose is to articulate distinct levels of knowledge and skills relative to a specific topic and provide a roadmap for designing instruction
that reflects a progression of learning. The sample performance scale shown below is just one example for PLCs to use as a springboard
when creating their own scales for student-owned progress monitoring. The lesson scale should prompt teams to further explore
question #2, “How will we know if and when they’ve learned it?” for each of the focus standards in the unit and make connections to
Design Question 1, “Communicating Learning Goals and Feedback” (Domain 1: Classroom Strategies and Behaviors). Keep in mind that
a 3.0 on the scale indicates proficiency and includes the actual standard. A level 4.0 extends the learning to a higher cognitive level. Like
the multidimensional scale, the goal is for all students to strive for that higher cognitive level, not just the academically advanced. A
level 2.0 outlines the basic declarative and procedural knowledge that is necessary to build towards the standard
Money, Banking and Finance
In: SS.912.E.1.In.m, SS.912.E.2.In.j, SS.912.FL.3.In.e, SS.912.FL.5.In.l
Su: SS.912.E.1.Su.m, SS.912.E.2.Su.j, SS.912.FL.3.Su., SS.912.FL.5.Su.l
Pa: SS.912.E.1.Pa.m, SS.912.E.2.Pa.j, SS.912.FL.3.Pa.e, SS.912.FL.5.Pa.l
Score
4.0
3.0
Target
Standard
2.0
Learning Progression
In:
I can research the basic functions of money in the United States.
I can describe a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
I can research how government agencies regulate financial institutions to protect the banking system.
I can research the roles of government agencies that regulate financial markets.
Su:
I can explain the basic functions of money in the United States.
I can identify a function of the Federal Reserve System, such as to control interest rates.
I can explain how agencies regulate financial institutions to protect the banking system.
I can describe an agency that regulates financial markets.
Pa:
I can identify a use for money in the United States.
I can identify that the government controls money.
I can describe the agencies that protect the banking system.
I can identify that there are agencies that regulate financial markets.
In:
I can describe the basic functions of money in the United States.
I can identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking
institutions.
I can explain how government agencies regulate financial institutions to protect the banking system.
I can discuss the roles of government agencies that regulate financial markets.
Su:
I can identify the basic functions of money in the United States.
I can recognize a function of the Federal Reserve System, such as to control interest rates.
I can identify how agencies regulate financial institutions to protect the banking system.
I can identify an agency that regulates financial markets.
Pa:
I can recognize a use for money in the United States.
I can recognize that the government controls money.
I can identify the agencies that protect the banking system.
I can recognize that there are agencies that regulate financial markets.
In:
I can identify the basic functions of money in the United States.
I can recognize a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
I can identify how government agencies regulate financial institutions to protect the banking system.
I can identify the roles of government agencies that regulate financial markets.
Su:
I can recognize the basic functions of money in the United States.
I can name a function of the Federal Reserve System, such as to control interest rates.
I can recognize how agencies regulate financial institutions to protect the banking system.
I can recognize an agency that regulates financial markets.
15
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
1.0
Pa:
I can name a use for money in the United States.
I can state that the government controls money.
I can recognize the agencies that protect the banking system.
I can state that there are agencies that regulate financial markets.
I need prompting and support to complete 2.0 tasks.
16
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
GDP, Inflation and Unemployment
In: SS.912.E.1.In.d, SS.912.E.1.In.l, SS.912.E.2.In.e, SS.912.E.2.In.g, SS.912.E.2.In.l, SS.912.E.3.In.a, SS.912.E.3.In.b, SS.912.E.3.In.c,
SS.912.E.3.In.d
Su: SS.912.E.1.Su.d, SS.912.E.1.Su.l, SS.912.E.2.Su.e, SS.912.E.2.Su.g, SS.912.E.2.Su.l, SS.912.E.3.Su.a, SS.912.E.3.Su.b, SS.912.E.3.Su.c,
SS.912.E.3.Su.d
Pa: SS.912.E.1.Pa.d, SS.912.E.1.Pa.l, SS.912.E.2.Pa.e, SS.912.E.2.Pa.g, SS.912.E.2.Pa.l, SS.912.E.3.Pa.a, SS.912.E.3.Pa.b, SS.912.E.3.Pa.c,
SS.912.E.3.Pa.d
Score
Learning Progression
In:
I can investigate how the interaction between supply and demand affects the price of a product.
I can describe changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can explain how investment in factories, machinery, technology, or people can impact productivity.
I can describe a common impact of inflation on society.
I can explain the flow of money in a local economy, including the individual and household, businesses, banks, government, and
international trade.
I can compare the impact of inflation on world economies, such as oil prices and the Great Depression.
I can describe economic advantages a country may have when trading with another country, such as abundant natural resources and
a cheap labor force.
I can describe examples of barriers to trade, such as quotas and tariffs.
I can explain an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
Su:
4.0
I can explain examples of the interaction between supply and demand.
I can identify changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can identify that investment in factories, machinery, technology, or people can impact productivity.
I can identify a common impact of inflation on society.
I can identify the movement of money in a local economy, including the individual and household, businesses, banks, and
government.
I can identify an impact of inflation on the economy, such as oil prices.
I can identify examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can identify a barrier to trade, such as quotas and tariffs.
I can identify an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
Pa:
I can identify that goods are produced because people want or need them (supply and demand).
I can identify a change in the business cycle, such as growth (peak).
I can identify that investment may increase productivity.
I can identify that the cost of items can increase.
I can identify that money moves from buyer to seller.
I can identify that costs of goods and services change over time.
I can identify the advantage of a trade.
I can identify a disadvantage (barrier) of a trade.
I can identify a positive or negative side effect (externality) of producing goods in the international environment.
In:
I can describe how the interaction between supply and demand affects the price of a product.
I can identify changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can identify how investment in factories, machinery, technology, or people can impact productivity.
I can identify a common impact of inflation on society.
I can identify the flow of money in a local economy, including the individual and household, businesses, banks, government, and
international trade.
I can identify the impact of inflation on world economies, such as oil prices and the Great Depression.
I can identify economic advantages a country may have when trading with another country, such as abundant natural resources and
3.0
a cheap labor force.
Target
I can identify examples of barriers to trade, such as quotas and tariffs.
Standard
I can identify an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
Su:
I can identify examples of the interaction between supply and demand.
I can recognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can recognize that investment in factories, machinery, technology, or people can impact productivity.
17
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
2.0
1.0
I can recognize a common impact of inflation on society.
I can recognize the movement of money in a local economy, including the individual and household, businesses, banks, and
government.
I can recognize an impact of inflation on the economy, such as oil prices.
I can recognize examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can recognize a barrier to trade, such as quotas and tariffs.
I can recognize an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
Pa:
I can recognize that goods are produced because people want or need them (supply and demand).
I can recognize a change in the business cycle, such as growth (peak).
I can recognize that investment may increase productivity.
I can recognize that the cost of items can increase.
I can recognize that money moves from buyer to seller.
I can recognize that costs of goods and services change over time.
I can recognize the advantage of a trade.
I can recognize a disadvantage (barrier) of a trade.
I can recognize a positive or negative side effect (externality) of producing goods in the international environment.
In:
I can identify how the interaction between supply and demand affects the price of a product.
I can recognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can recognize how investment in factories, machinery, technology, or people can impact productivity.
I can recognize a common impact of inflation on society.
I can recognize the flow of money in a local economy, including the individual and household, businesses, banks, government, and
international trade.
I can recognize the impact of inflation on world economies, such as oil prices and the Great Depression.
I can recognize economic advantages a country may have when trading with another country, such as abundant natural resources
and a cheap labor force.
I can recognize examples of barriers to trade, such as quotas and tariffs.
I can recognize an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
Su:
I can recognize examples of the interaction between supply and demand.
I can name a change in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.
I can state that investment in factories, machinery, technology, or people can impact productivity.
I can name a common impact of inflation on society.
I can name the movement of money in a local economy, including the individual and household, businesses, banks, and government.
I can state an impact of inflation on the economy, such as oil prices.
I can name an example of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can name a barrier to trade, such as quotas and tariffs.
I can name an example of the economic impact of a positive and negative side effect (externality) on the international environment.
Pa:
I can state that goods are produced because people want or need them (supply and demand).
I can name a change in the business cycle, such as growth (peak).
I can state that investment may increase productivity.
I can state that the cost of items can increase.
I can state that money moves from buyer to seller.
I can state that costs of goods and services change over time.
I can name the advantage of a trade.
I can name a disadvantage (barrier) of a trade.
I can name a positive or negative side effect (externality) of producing goods in the international environment.
I need prompting and support to complete 2.0 tasks.
18
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Taxation, Fiscal and Monetary Policy
In: SS.912.E.1.In.d, SS.912.E.1.In.j, SS.912.E.1.In.k, SS.912.E.2.In.b, SS.912.E.2.In.a, SS.912.E.2.In.h, SS.912.E.2.In.i, SS.912.E.2.In.j, SS.912.FL.1.In.f,
SS.912.FL.5.In.h
Su: SS.912.E.1.Su.d, SS.912.E.1.Su.j, SS.912.E.1.Su.k, SS.912.E.2.Su.b, SS.912.E.2.Su.a, SS.912.E.2.Su.h, SS.912.E.2.Su.i, SS.912.E.2.Su.j,
SS.912.FL.1.Su.f, SS.912.FL.5.Su.h
Pa: SS.912.E.1.Pa.d, SS.912.E.1.Pa.j, SS.912.E.1.Pa.k, SS.912.E.2.Pa.b, SS.912.E.2.Pa.a, SS.912.E.2.Pa.h, SS.912.E.2.Pa.i, SS.912.E.2.Pa.j,
SS.912.FL.1.Pa.f, SS.912.FL.5.Pa.h
Score
Learning Progression
In:
I can research how the interaction between supply and demand affects the price of a product.
I can describe that the government uses taxation and oversight of government spending to support the economy.
I can explain that the Federal Reserve controls interest rates to affect economic growth.
I can describe a public policy issue that affects the student’s community and potential consequences, such as rezoning for housing
and businesses or building new roads.
I can describe broad economic goals, such as freedom, security, and full employment.
I can compare different types of taxes, such as income, sales, and social security.
I can identify the relationship between government spending and taxation and the economy.
I can explain a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking
institutions.
I can describe that different taxes are paid to three levels of government to provide goods and services to individuals.
I can research ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
I can describe examples of the interaction between supply and demand.
4.0
I can identify that the government uses tax money to support the economy.
I can identify that the bank of the federal government (Federal Reserve) controls some interest rates.
I can identify a public policy issue that affects the student’s community and a possible consequence, such as planning for new
houses.
I can identify a broad economic goal, such as full employment.
I can identify different types of taxes, such as income, sales, and social security.
I can identify that government spending and taxation affects the economy.
I can identify a function of the Federal Reserve System, such as to control interest rates.
I can explain that different taxes are paid to the government to provide goods and services to individuals.
I can describe economic conditions that affect prices of financial assets.
Pa:
I can identify that goods are produced because people want or need them (supply and demand).
I can identify that the government makes rules about money.
I can identify that the government makes rules about money.
I can identify the value of a community project, such as recycling.
I can identify a reason for employment.
I can identify a tax, such as sales tax.
I can identify that the government spends money.
I can identify that the government controls money.
I can identify that taxes are paid to the government to provide goods and services to individuals.
I can identify economic conditions.
In:
I can describe how the interaction between supply and demand affects the price of a product.
I can identify that the government uses taxation and oversight of government spending to support the economy.
3.0
I can identify that the Federal Reserve controls interest rates to affect economic growth.
Target
I can identify a public policy issue that affects the student’s community and potential consequences, such as rezoning for housing
Standard
and businesses or building new roads.
I can identify broad economic goals, such as freedom, security, and full employment.
I can identify different types of taxes, such as income, sales, and social security.
I can recognize the relationship between government spending and taxation and the economy.
I can identify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking
institutions.
I can identify that different taxes are paid to three levels of government to provide goods and services to individuals.
I can discuss ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
I can identify examples of the interaction between supply and demand.
19
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
2.0
1.0
I can recognize that the government uses tax money to support the economy.
I can recognize that the bank of the federal government (Federal Reserve) controls some interest rates.
I can recognize a public policy issue that affects the student’s community and a possible consequence, such as planning for new
houses.
I can recognize a broad economic goal, such as full employment.
I can recognize different types of taxes, such as income, sales, and social security.
I can recognize that government spending and taxation affects the economy.
I can recognize a function of the Federal Reserve System, such as to control interest rates.
I can identify that different taxes are paid to the government to provide goods and services to individuals.
I can identify economic conditions that affect prices of financial assets.
Pa:
I can recognize that goods are produced because people want or need them (supply and demand).
I can recognize that the government makes rules about money.
I can recognize that the government makes rules about money.
I can recognize the value of a community project, such as recycling.
I can recognize a reason for employment.
I can recognize a tax, such as sales tax.
I can recognize that the government spends money.
I can recognize that the government controls money.
I can recognize that taxes are paid to the government to provide goods and services to individuals.
I can recognize economic conditions.
In:
I can identify how the interaction between supply and demand affects the price of a product.
I can recognize that the government uses taxation and oversight of government spending to support the economy.
I can recognize that the Federal Reserve controls interest rates to affect economic growth.
I can recognize a public policy issue that affects the student’s community and potential consequences, such as rezoning for housing
and businesses or building new roads.
I can recognize broad economic goals, such as freedom, security, and full employment.
I can recognize different types of taxes, such as income, sales, and social security.
I can name the relationship between government spending and taxation and the economy.
I can recognize a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise
banking institutions.
I can recognize that different taxes are paid to three levels of government to provide goods and services to individuals.
I can identify ways that the prices of financial assets are affected by interest rates and other economic conditions.
Su:
I can recognize examples of the interaction between supply and demand.
I can state that the government uses tax money to support the economy.
I can state that the bank of the federal government (Federal Reserve) controls some interest rates.
I can name a public policy issue that affects the student’s community and a possible consequence, such as planning for new houses.
I can name a broad economic goal, such as full employment.
I can name different types of taxes, such as income, sales, and social security.
I can state that government spending and taxation affects the economy.
I can name a function of the Federal Reserve System, such as to control interest rates.
I can state that different taxes are paid to the government to provide goods and services to individuals.
I can recognize economic conditions that affect prices of financial assets.
Pa:
I can state that goods are produced because people want or need them (supply and demand).
I can state that the government makes rules about money.
I can state that the government makes rules about money.
I can name the value of a community project, such as recycling.
I can name a reason for employment.
I can name a tax, such as sales tax.
I can state that the government spends money.
I can state that the government controls money.
I can state that taxes are paid to the government to provide goods and services to individuals.
I can name an economic condition.
I need prompting and support to complete 2.0 tasks.
20
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Global Economy and Economic Thought
Score
4.0
3.0
Target
Standard
In: SS.912.E.3.In.a, SS.912.E.3.In.b, SS.912.E.3.In.c, SS.912.E.3.In.d, SS.912.E.3.In.e, SS.912.E.3.In.f
Su: SS.912.E.3.Su.a, SS.912.E.3.Su.b, SS.912.E.3.Su.c, SS.912.E.3.Su.d, SS.912.E.3.Su.e, SS.912.E.3.Su.f
Pa: SS.912.E.3.Pa.a, SS.912.E.3.Pa.b, SS.912.E.3.Pa.c, SS.912.E.3.Pa.d, SS.912.E.3.Pa.e, SS.912.E.3.Pa.f
Learning Progression
In:
I can describe the impact of inflation on world economies, such as oil prices and the Great Depression.
I can describe economic advantages a country may have when trading with another country, such as abundant natural resources and
a cheap labor force.
I can explain examples of barriers to trade, such as quotas and tariffs.
I can describe an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
I can compare differences in the economies of the United States and another country, such as the standard of living and
productivity.
I can explain that economics involves the study of how people and countries make decisions about the use of scarce resources in the
most efficient way.
Su:
I can identify an impact of inflation on the economy, such as oil prices.
I can identify examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can identify a barrier to trade, such as quotas and tariffs.
I can identify an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
I can identify a characteristic of another country’s economy, such as the standard of living.
I can identify that economics involves the study of how people and countries make decisions about the use of scarce resources in the
most efficient way.
Pa:
I can identify that costs of goods and services change over time.
I can identify the advantage of a trade.
I can identify a disadvantage (barrier) of a trade.
I can identify a positive or negative side effect (externality) of producing goods in the international environment.
In:
I can identify the impact of inflation on world economies, such as oil prices and the Great Depression.
I can identify economic advantages a country may have when trading with another country, such as abundant natural resources and
a cheap labor force.
I can identify examples of barriers to trade, such as quotas and tariffs.
I can identify an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
I can identify differences in the economies of the United States and another country, such as the standard of living and productivity.
I can identify that economics involves the study of how people and countries make decisions about the use of scarce resources in the
most efficient way.
Su:
I can recognize an impact of inflation on the economy, such as oil prices.
I can recognize examples of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can recognize a barrier to trade, such as quotas and tariffs.
I can recognize an example of the economic impact of a positive and negative side effect (externality) on the international
environment.
I can recognize a characteristic of another country’s economy, such as the standard of living.
I can recognize that economics involves the study of how people and countries make decisions about the use of scarce resources in
the most efficient way.
Pa:
I can recognize that costs of goods and services change over time.
I can recognize the advantage of a trade.
I can recognize a disadvantage (barrier) of a trade.
I can recognize a positive or negative side effect (externality) of producing goods in the international environment.
In:
I can recognize the impact of inflation on world economies, such as oil prices and the Great Depression.
I can recognize economic advantages a country may have when trading with another country, such as abundant natural resources
and a cheap labor force.
21
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
2.0
1.0
I can recognize examples of barriers to trade, such as quotas and tariffs.
I can recognize an example of the economic impact of positive and negative side effects (externalities) on the international
environment.
I can recognize differences in the economies of the United States and another country, such as the standard of living and
productivity.
I can recognize that economics involves the study of how people and countries make decisions about the use of scarce resources in
the most efficient way.
Su:
I can name an impact of inflation on the economy, such as oil prices.
I can name an example of economic advantages a country may have when trading with another country, such as abundant natural
resources.
I can name a barrier to trade, such as quotas and tariffs.
I can name an example of the economic impact of a positive and negative side effect (externality) on the international environment.
I can name a characteristic of another country’s economy, such as the standard of living.
I can state that economics involves the study of how people and countries make decisions about the use of scarce resources in the
most efficient way.
Pa:
I can state that costs of goods and services change over time.
I can name the advantage of a trade.
I can name a disadvantage (barrier) of a trade.
I can state a positive or negative side effect (externality) of producing goods in the international environment.
I can name an economic characteristic of daily living, such as the cost of housing.
I can state that people study the economy.
I need prompting and support to complete 2.0 tasks.
22
ACCESS HIGH SCHOOL ECONOMICS UNIT 3: MACROECONOMICS
Recommended Resources:
These recommended instructional materials are designed to provide flexible options for instruction, but are not intended to be a prescriptive curriculum.
This set of recommended texts and resources offer a range of materials from which teachers may choose
Recommended Resources:
In:
Pacemaker
AGS
Su, Pa:
Teacher Developed Materials
Website Resources
General Resources:
http://www.cpalms.org/public/search/resource (look up resources per standard)
Concept Specific Resources:
www.bankingkids.com
www.econedlink.org
www.practicalmoneyskills.com
www.moneyinstructor.com
www.handsonbanking.org
Literacy Resources – Found on Pasco MIND
Literacy:
23