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
Modern Monetary Theory wikipedia , lookup
Production for use wikipedia , lookup
Ragnar Nurkse's balanced growth theory wikipedia , lookup
Criticisms of socialism wikipedia , lookup
Business cycle wikipedia , lookup
Economics of fascism wikipedia , lookup
Economic democracy wikipedia , lookup
Post–World War II economic expansion wikipedia , lookup
Economic Pacing Guide Pace Unit 1: Economic Decision Making Fall: 2 weeks Spring 2 weeks Essential Learning Questions What is the relationship between scarcity and the need for choices? Unit 2: Economic Systems Fall: 2 weeks Spring 2 weeks How does private property act as an incentive for the use of natural resources? What is opportunity cost, marginal benefit and marginal cost? Standards CA Standard 12.1 Essential Assignments 7 methods of allocation Kidney Machine CA Standard 12.1 and 12.4 Venn – Diagram of Socialism, Capitalism and Traditional economies Building an economy – project Socialism vs. Capitalism – project CA Standard 12.2 and 12.3 Supply and demand Graphs CA Standard 12.2 Marketing a product - project CA Standards 12.2 Making a business – project What are the differences between monetary and non monetary incentives and how they change behavior? What are the three basic economic questions all governments must answer? What is an economic system? Why do markets exist? Explain the self regulating nature of the market place. List the advantages and disadvantages of a free market economy. 1st Semester Unit 3: Supply and Demand Fall: 3 weeks Spring: 3 weeks Unit 4: Market Structures and Advertising Fall : 2 weeks Spring 2 weeks. Unit 5: Business Organizations Fall: 1 week Spring: 1 week Wednesday, June 11, 2014 Explain the law of supply and the law of demand. Explain the substitution effect and the income effect. What are the three characteristics of a demand curve? Explain the difference between the change in the quantity demanded and a shift in the demand curve. What are the factors that can cause a shift in the demand curve? How does the change in price effect the demand for complementary goods or substitute goods? How elasticity of demand calculated and what is are the factors that affect elasticity? What are the four factors for perfect competition? List two common barriers to firms entering the market. Describe how monopolies are formed, including government monopolies. What does government approve of natural monopolies? How would price fixing and collusion help producers? How do firms use market power? List three market practices that government regulates or bans to protect competition. What is the purpose of antitrust laws? Describe the role of sole proprietorships, partnerships and corporations in the U.S. economy. Identify advantages and disadvantages of sole proprietorships, partnerships and corporations. What is a business organization? Compare and contrast the different types of partnerships. Explain the different types of corporations and they way they are structured. Compare and contrast corporate combinations. Economic Pacing Guide Describe the role of multinational corporations. Unit 6: Financial Markets Fall: 1 week Spring: 2 weeks 2nd Semester Unit 7: Business cycles and Economic Indicators Fall: 2 weeks Spring: 3 weeks Unit 8: Banking and money Fall 2 weeks Spring 2 weeks Wednesday, June 11, 2014 Explain how investing contributes to the free enterprise system. Explain how the financial system brings together savers and borrowers. Describe how financial intermediaries link savers and borrowers. Identify the tradeoffs between risk, liquidity and return. Describe the characteristic of stocks and bonds as financial assets. Identify different types of bonds. Describe other types of financial assets markets. Identify national income and product accounts. (NIPA) Explain how Gross Domestic Product (GDP) is calculated. Explain the difference between nominal and real GDP. List the main limitations of GDP. Describe other income and output measures. What are the factors that influence GDP? Describe the four types of unemployment. What is inflation and how does it affect the economy? Explain how the Bureau of labor statistics determines the unemployment rate. Explain why full employment does not mean every worker is employed. What are the different types of money? Explain the six characteristic of money. Understand the sources of moneys value. Describe the shifts between centralized and decentralized banking prior to the civil war. Explain how the banking system was stabilized during the Gilded Age. Describe developments in banking during the 20th century. Define Fiscal policy and how it affects the economy. Explain how the government creates the federal budget. Describe the effect of the two types of fiscal policy on the economy. Identify the limits of fiscal policy. Compare and contrast classical and Keynes economics. Explain supply-side and demand-side economics. Understand the role of fiscal policy has played in American history. Explain the importance of balancing a budget. Analyze how budget deficits add to the national debt. Summarize the problems caused by the national debt. Identify how a government can reduce budget deficit and national debt. Describe the banking history of the United States. Explain how the Federal Reserve acts of 1919 lead to economic reform. Describe the structure of the modern Federal Reserve System (Fed). Explain how the Federal Reserve serves the Federal government. Explain how the Federal Reserve serves banks and regulate the banking CA Standard 12.5 Chart of investment accounts CA Standard 12.5 Transactional Costs CA Standard 12.6 Federal Reserve Reading Show me the Money Economic Pacing Guide Unit 9: Government Spending and Taxation Fall: 1 week Spring: 1 week Unit 10: International Trade Fall: 1 week Spring: 1 week Wednesday, June 11, 2014 system. Explain the role of the Federal Reserve in regulating the nation’s money supply. How does the government use taxes to fund social programs? Describe the tax base and structures. List the characteristics of a good tax. Identify who bears the burden of taxes. Identify the purpose of Social Security, Medicare, and unemployment taxes. Identify the difference between mandatory and discrecitionary spending. Describe the major entitlement programs and anti-poverty programs. Explain the impact of aid to state and local governments. Explain how resource distribution affects trade. What are the differences between absolute and comparative advantage. Explain the major trading partners of the United States for both imports and exports. Describe the effects of trade on unemployment. Explain various types of trade barriers and their effects. What are some arguments in favor of and against protectionism? Describe efforts toward international cooperation and agreements. Explain the role of multinationals in a global market. Explain how exchange rates affect international trade. Describe the effects of various exchange rate systems. Explain the concept of balance of trade and the factors that affect trade deficits. CA Standard 12.3 By the numbers – reading CA Standard 12.6 What is NAFTA- reading?