Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Economics 5 6 7 8 6.1 Scarcity and Choice Scarcity and Choice Limited Resources Opportunity Costs Incentives and Choice Explain how limited resources and unlimited wants cause Explain how limited resources scarcity during times of and unlimited wants cause historical events, such as wars, scarcity. disasters, etc. Explain how limited resources and unlimited wants cause scarcity when the resources are non-renewable. Compare decisions made Explain ways in which people Compare ways that people because of limited resources meet their basic needs and meet their needs with how Compare decisions made and unlimited wants. Cite wants. Demonstrate the use of they meet their wants. because of limited resources examples of what might cause human and capital resources in Describe how resources are and unlimited wants. Describe resources of change in the the production of a specific combined to produce different how resources are combined production of goods and good. goods. to produce different services. services Explain how people's choices Define opportunity cost and Define opportunity cost and have different economic describe the opportunity cost describe the opportunity cost Compare choices to determine consequences. of personal choice. of personal choice. the best action. Explain how positive and Compare the effect of Demonstrate how availability Identify incentives that affect negative incentives affect incentives on personal of resources affects choices. personal choices. behavior. decisions. What are ways that different Christian Perspective on cultures or countries care for their poor. Limited Resources 6.2 Markets and Economic Systems Explain how limited resources and unlimited wants cause scarcity when there is a shift in population. Explain the role of Catholic ministries in third world countries. Describe social classes and how limited resources are shared / not shared among classes of people. Devise a plan on how limited resources can be more equitably shared among all people. Describe the interaction of consumers and producers of goods and services in the economy during America's early history. Describe the interaction of consumers and producers of goods and services in the economy during the westward movement. Describe the interaction of consumers and producers of goods and services in the economy. Explain how market competition takes place. Identify positive and negative effects of market competition. Goods and Services Describe how goods and services are distributed. Market Competition Identify how pricing influences Explain why market sellers and consumers. competition takes place. Economics Advertising and Media Price Determination Economic Health Private Economic Institutions Economic Systems 5 6 7 Explain how advertising causes people to change their Explain how advertising Explain how advertisers do behavior in predictable ways. influences economic decisions. market research. Analyze competitors advertising by doing market research. Describe how prices influence both buyers and sellers and Explain the effects that explain why prices may vary changes in price have on for similar products. buyers. Explain the effects that Identify factors that cause changes in price have on changes in price. sellers. Compare the state of the Describe the impact of Explain the causes and effects Describe the causes of a current economy with the businesses opening and closing of expansion and contraction business' expansion and economy in a different time or on the economy. of businesses. contraction. place. Cite examples of how financial Explain the connectedness Explain the influence of private institutions and the Compare and contrast types of between businesses for a businesses on the local or state government assist private private (non-gov't) businesses. product to be on the market. economy. businesses. Give examples of the various economic systems found in the Eastern Hemisphere. Give examples of the various economic systems (Traditional, Market and Command) found in the Western Hemisphere. Examine how the three economic systems address the three basic questions: What to produce, how, and for whom? Explain how the measure of a business or decision can Give an example when the be based on how it Explain that the economy is to rights and dignity of all workers was not respected. Social Justice enhances or threatens life. serve people. 6.3 Functions of Government Goods and Services 8 Describe the cost and benefits Examine government's role in of government economic providing public goods and programs. services. Compare how various economic systems address the three basic questions: What to produce, how, and for whom? Describe how our solidarity with all people due to God being our creator should drive our concern for issues around the world. Explain the impact of public goods and services on the local Assess the value of public community and state. goods and services. Economics Government Involvement in the Economy Taxation 5 6 Describe the impact of government involvement in Describe factors that influence state and/or national government's economic economic activities during the decision making. early history of the U.S. Explore ways in which tax Explore ways in which tax revenue is collected in revenue is collected in the countries in the Eastern countries in the Western Hemisphere. Hemisphere. Government's Role in International Trade 6.4 Economic Interdependence Explain the benefits of international trade. 7 Describe the impact of government involvement in state and/ or national economic activities during the 19th century. Identify how governments limit Explain how government or promote international actions may affect trade. international trade. Specialization Trade Explain why nations trade. Multinational and NonExplain how multinational Governmental Define a multinational corporations contribute to corporation and name several. economic interdependence. Organizations Factors Contributing to Economic Interdependence Predict how changes to government involvement at the state and national levels may affect the economy. Compare and contrast the Explain the cost and benefits of effects of different taxation taxation. policies. Cite an example of a product Explain why people specialize Discuss the advantages and produced through division of in the production of goods and disadvantages of specialization labor and detail the division of services and divide labor. and division of labor. jobs. Explain the growth in international trade. 8 Explain how specialization contributes to economic interdependence on a national level. Define the standard of living Explain how an increase in and then compare the international trade is good for standard of living in different developing countries. times and places. Explain how multinational corporations contribute to economic interdependence. Explain the influence of multinational corporations and other non-government organizations. Explain how the level of Define imports and exports. Define imports and exports. Explain how transportation, transportation, communication What factors contribute to the What factors contribute to the communication networks, and networks, and technology import and export of certain import and export of certain technology increase the level affect economic goods. goods. of economic interdependence. interdependence. Economics 5 6 7 8 6.5 Income, Profit, and Wealth Factors Influencing Wages Compare the job market and wages between countries in the Eastern Hemisphere. Labor Productivity Explain what factors influence what occupations are needed Explain the concept of labor by a community. productivity. Types of Businesses Profits and Losses Distribution of Wealth Costs and Benefits of Saving Interest Rates Draft 03/06/15 Compare the job market and wages between countries in the Western Hemisphere. Describe how people are compensated for their production of goods and services. Examine the compensation of workers who produce different goods and provide different services. Compare the characteristics of Describe the characteristics of productive workers with less productive workers. productive workers. Explain the role of the entrepreneur in the early history of the United States. Explain the organizational structure of different types of businesses. Compare the risk and benefits for each type of business structure. Intentionally left blank. Describe how people Describe how people accumulate assets through accumulated wealth in Ancient income, saving, and financial Civilizations. investments. Create a balance sheet with income and expenses and indicate a profit or loss. Compare the distribution of wealth in the United States between the 19th century and present day. Explain how profits and losses serve as incentives when making business decisions. Intentionally left blank. Identify various ways people can save. Describe the difference between credit and debit cards. Identify the costs and benefits of various types of savings. Describe the true cost of an item purchased on credit. Identify the effect of higher and lower interest rates. Identify the effect of higher and lower interest rates. Intentionally left blank. Intentionally left blank. Intentionally left blank. Explain the differences Identify the costs and benefits between interest rates for of borrowing. saving and borrowing. Compare the distribution of wealth between a Third World country and the United States.