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ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation 2. Economic policies affect markets Evidence Outcome c.Identify government activities that affect the local, state, or national economy M GRADE: 12 Student-Friendly Learning Objectives Identify the sources of the governemnt’s authority to tax. Describe types of tax bases and tax structures. Identify who bears the burden of a tax. List the characteristisct of a good tax. Describe the process of paying individual income taxes. Explain the purpose of Social Security, medicare, and unemployment taxes. Idenitfy other types of taxes. Distinguish between mandoatory and discretionary spending. Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Comprehension National Association of Counties www. Naco.org/countieswork or 1civics.org Prentise Hall chapter 14 Academic Vocabulary Tax Revenue Progressive tax Proportional tax Regressive tax Individual income tax Corporate income tax Property tax Sales tax Incidence of a tax Withholding tax treturn Taxable income Personal exemption Tax deduction Mandatory spending Discretionarloy spending Entitlement Operating budget Captial budget Describe the major entitlement programs. © Learning Keys, 800.927.0478, www.learningkeys.org Page 1 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome GRADE: 12 Student-Friendly Learning Objectives Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Academic Vocabulary Identify categories of discretionary spending. Explain how states use a budget to plan their spending. Identify where state taxes are spent. Lsit the major sources of state tax. Describe local government spending and sources of revenue. e. Analyze how positive and negative incentives influence the economic choices made by individuals, households, businesses, governments, and societies C Describe how the federal budget is created Identify the limits of fiscal policy. Compare and contrast classical economics and Keynesian economics Explain the baskic principles of supply side economics. Describe the role that © Learning Keys, 800.927.0478, www.learningkeys.org Analysis Charles Wheelan Fiscal policy Naked economics Federal budget Prentise Hall chapters 15 Fiscal year National debt clock Classical economics Productive capacity Demand-side economics Keynesian econics Supply-side economics Budget surplus Page 2 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome GRADE: 12 Student-Friendly Learning Objectives Level of Thinking fiscal policy has played in American history. TIMELINE: 3rd Quarter Resource Correlation Academic Vocabulary Budget deficit Treasury bill Treasury note Treasury bond National debt Explain the importance of balancing the budget. Analyze how budget deficits add to the national debt. Summarize the problems casued by the national debt. 4. Design, analyze, and apply a financial plan based on short- and longterm financial goals a.Develop a financial plan including a budget based on short- and long- term goals I Expalin the characteristics of sole proprietorships Explain the characteristics of partnerships. Explalin the characteristic of corporations Create a business plan © Learning Keys, 800.927.0478, www.learningkeys.org Application Prentise Hall chapters 8, Sole 10, 11 proprietorship Robert Kyosaki Rich Dad Business Poor Dad organization Business license Partnership General partnership Limited partnership Limited liabilitry partnership Articles of partnership Royalities Corporation Page 3 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome GRADE: 12 Student-Friendly Learning Objectives Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Academic Vocabulary Stock Closely held corporation Publicliy held corporation Bond Dertificat of incorporation Dividened Horizonatal merger Vertical merger Conglomersat Multinational corporation b. Analyze financial information for accuracy, relevance, and steps for identity protection I 5. Analyze strategic spending, saving, a. Compare and contrast the variety of investments © Learning Keys, 800.927.0478, www.learningkeys.org We will summarize the costs of identity theft. Analysis Prentise Hall Economics PF 36-39 Prentise Hall chapters 10, 11 Identyity theft Compare Denver Post Stock Market Game Investment Financail system We will investigate a variety of types of online scams and other consumer fraud. We will describe ways to reduce the risk of identity theft and how to restore personal security. We will describe the characteristics of bonds Page 4 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation and investment options to achieve the objectives of diversification, liquidity, income, and growth Evidence Outcome available for a diversified portfolio I GRADE: 12 Student-Friendly Learning Objectives Level of Thinking TIMELINE: 3rd Quarter Resource Correlation as financial assets. Robert Kiyosaki, of Rich Dad Poor Dad We will identify the different types of bonds. NEFE High School Financial Planning Program We will describe the characteristiscs of other types of financial assets. Academic Vocabulary Financial asset Financila intermediary Mutual fund Hedge fund Diversification Portfolio Prospectus Return We will list four different types of financial asset markets. We will compile and research five stocks for viability. We will participate in a five week on-line stock market game. b. Evaluate factors to consider when managing savings and investment accounts I, M Evaluation We will describe the characteristics of bonds as financial assets. We will identify the different types of bonds. We will describe the characteristiscs of other types of financial assets. © Learning Keys, 800.927.0478, www.learningkeys.org Prentice Hall, Economics Chapter 10.1-3 NEFE High School Financil Planning Program, Unit 3 Coupon rate Maturity Par value Yield Savings Bond Inflaction-indexed bond Municipal bond Corporate bond Junk bond Capital market Money market Page 5 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome TIMELINE: 3rd Quarter GRADE: 12 Student-Friendly Learning Objectives Level of Thinking Resource Correlation Primary market Secondary market We will list four different types of financial asset markets. d. Describe the appropriate types of investments to achieve the objectives of liquidity, income and growth I We will compile and research five stocks for viability. Prentice Hall, Economics Chapter 11.1-3 NEFE High School Financil Planning Program Chapter 3 We will participate in a five week on-line stock market game. We will identify the benefits and risks of buying stock. We will describe how stocks are traded. We will explain how stock performance is measured. We will describe the Great Crash of 1929 and more recent stock market events. 6. The components a. Analyze various lending © Learning Keys, 800.927.0478, www.learningkeys.org We will examine various Academic Vocabulary Analysis Prentice Hall -Mutual Fund -Hedge Fund -Diversification -Portfolio -Prospectus -Return -Coupon Rate -Maturity -Par Value -Yield -Savings Bond -Munipal Bond -Corporate Bond -Junk Bond -Capital Market -Money Market -Share -Capital Gain -Capital Loss -Stock Split -Stockbroker -Brokerage Firm -Stock Exchange -Bull Market -Bear Market ATM Page 6 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation of personal credit to manage credit and debt Evidence Outcome sources, services, and financial institutions I,M GRADE: 12 Student-Friendly Learning Objectives Level of Thinking types of financial services providers. TIMELINE: 3rd Quarter Resource Correlation Personal Finance Handbook pages PF1PF47 We will Explain how a savings account work. We will practice using a checking account and ebit card. Academic Vocabulary NEFE High School Financial Planning Program Chapter 5 Deposit Service Feed Check Fees Insuffcient Funds Annual Fees Stop payment Fees NEFE High School Credit Card We will explain how a credit card is used to make purchases. We will explore the features of automated financial services. We will respond to situations involving identifty theft and deceptive practices. b. Investigate legal and personal responsibilities affecting lenders and borrowers I,M We will investigate legal and personal responsibilities affecting borrowers. c. Make connections between We will investigate legal and personal responsibilities affecting lenders. We will explain what © Learning Keys, 800.927.0478, www.learningkeys.org Application Knowledge Page 7 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome building and maintaining a credit history and its impact on lifestyle I GRADE: 12 Student-Friendly Learning Objectives credit is. Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Fiancial Planning Program, Chapter 4 We will compare the advantages and disadvantes of using credit. Academic Vocabulary Installment Loan Student Loan Mortgage We will outline the process of applying for credit. We will explain what a credit history is and why it is important. We will explain how to manage credit responsibility. We will explore the consequences of excessive debt and how to correct it. 7. Identify, develop, and evaluate riskmanagement strategies a. Differentiate between types of insurance I,M We will determine what to do in the event of inaccurate reporting. We will differentiate between types of insurance. Comprehension Prentice Hall Personal Finance Handbook pages PF1PF47 NEFE High School © Learning Keys, 800.927.0478, www.learningkeys.org Premium Health Insurance Property Insurance Life Insurance Disability Page 8 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome GRADE: 12 Student-Friendly Learning Objectives Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Financil Planning Program Chapter 6 b. Explain the function and purpose of insurance I,M We will explain the function of insurance. Knowledge We will explain the purpose of insurance. Prentice Hall Personal Finance Handbook pages PF1PF47 NEFE High School Financil Planning Program Chapter 6 c. Select and evaluate strategies to mitigate risk I,M We will select strategies to mitigate risk. We will evaluate strategies to mitigate risk. Knowledge, Evaluate NEFE High School Financial Planning Program Chapter 3 Financial Planning Pyramid REALTORS of Colorado It’s Your Move Book and DVD © Learning Keys, 800.927.0478, www.learningkeys.org Academic Vocabulary Insurance Liability Insurance Premium Health Insurance Property Insurance Life Insurance Disability Insurance Liability Insurance Mitigate Checking Account U.S Savings Bond Certificates of Depoist Treasury Issues Money Market Mutal Funds Preferred Stock Blue Chip Common Stock Real Estate Growth Mutual Funds Collectibles Commodities Penny Stock Page 9 ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics Standard and Grade Level Expectation Evidence Outcome © Learning Keys, 800.927.0478, www.learningkeys.org 10 GRADE: 12 Student-Friendly Learning Objectives Level of Thinking TIMELINE: 3rd Quarter Resource Correlation Academic Vocabulary Page