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College Prep Economics Curriculum Guide Dave Evans, Teacher Fallbrook High School Fallbrook Union High School District Fall, 2012-13 Room 221 ~ 723-6300 ext. 2221 ~ [email protected] Course Description Economics is a required core subject for graduation. Students must pass one semester totaling five credits in order to graduate. As such, this course is aligned with the California State Standards for Economics. Modifications based on the IEPs and 504s of students with special needs in the class are conscientiously made. Also, Fallbrook Union High School ESLRs (Expected School-wide Learning Results) are emphasized during the course of instruction. Procedure College Prep Economics is an introductory course designed to satisfy all state content standards while at the same time training the students how to prepare to be productive and successful in their professional and financial lives. Accordingly, all reading assessments are constructed to focus students on the state content standards with a particular emphasis on vocabulary. Additionally, students are required to complete an investment portfolio, a personal finance portfolio, and four economic simulations. These activities are designed to enrich the course and to help all students develop personal strategies for career and financial success after high school. Text Economics – Principles in Action, Prentice Hall, 2007. Supplemented by extensive teacher’s resource materials designed for students to apply knowledge gained from the text, lectures, classroom discussions, and enrichment activities. Five Focus Questions At the beginning of the term, students will be presented five focus questions. These questions, and their answers, will be referred back to during lectures throughout the semester. Students are required to internalize both the questions and the answers. The purpose of the focus questions is to heighten the sense of responsibility for being productive and successful in the world’s most productive and successful free enterprise system and to further develop their analytical and critical thinking skills. I. II. III. IV. V. Why do we study Economics? What is the Rule of Seven? What is the Rule of Ten? How do I get what I want? What are the three “P”s? Grading Policy Reading assessments ~ 600 points Investment portfolio ~ 100 points Personal finance portfolio ~ 100 points Four economic simulations ~ 200 points There are no extra credit opportunities. However, students may improve their academic mark by as much as 5% through classroom participation. Grading Rubric 97-100% = A+ 93-96% = A 90-92% = A87-89% = B+ 83-86% = B 80-82% = B77-79% = C+ 73-76% = C 70-72% = C67-69% = D+ 63-66% = D 60-62% = D< 59% = F Fallbrook Union High School ESLRs (Expected School-wide Learning Results) I. II. III. IV. V. Productive and Healthy Individuals. Responsible Leaders. Innovative Thinkers. Determined Learners. Effective Communicators and Collaborators. State Standards – Economics and Syllabus In addition to studying government in grade twelve, students will also master fundamental economic concepts, applying the tools (graphs, statistics, equations) from other subject areas to the understanding of operations and institutions of economic systems. Studied in a historic context are the basic economic principles of micro- and macroeconomics, international economics, comparative economic systems, measurement, and methods. Principles of Economics 12.1 Students understand common economic terms and concepts and economic reasoning. Unit 1: Introduction to Economics Chapter 1: What is Economics? Chapter 2: Economic Systems Chapter 3: American Free Enterprise Unit 2: How Markets Work Chapter 4: Demand Chapter 5: Supply Chapter 6: Prices Chapter 7: Market Structures Unit 3: Business and Labor Chapter 8: Business Organizations Chapter 9: Labor Unit 4: Money, Banking, and Finance Chapter 10: Money and Banking Chapter 11: Financial Markets Unit 5: Measuring Economic Performance Chapter 12: Gross Domestic Product and Growth Chapter 13: Economic Challenges Unit 6: Government and the Economy Chapter 14: Taxes and Government Spending Chapter 15: Fiscal Policy Chapter 16: The Federal reserve and Monetary Policy Unit 7: The Global Economy Chapter 17: International Trade Chapter 18: Economic Development and Transition 12.2 Students analyze the elements of America's market economy in a global setting. Unit 7: The Global Economy Chapter 17: International Trade Chapter 18: Economic Development and Transition 12.3 Students analyze the influence of the federal government on the American economy. Unit 6: Government and the Economy Chapter 14: Taxes and Government Spending Chapter 15: Fiscal Policy Chapter 16: The Federal reserve and Monetary Policy 12.4 Students analyze the elements of the U.S. labor market in a global setting. Unit 3: Business and Labor Chapter 8: Business Organizations Chapter 9: Labor 12.5 Students analyze the aggregate economic behavior of the U.S. economy. Unit 1: Introduction to Economics Chapter 1: What is Economics? Chapter 2: Economic Systems Chapter 3: American Free Enterprise Unit 2: How Markets Work Chapter 4: Demand Chapter 5: Supply Chapter 6: Prices Chapter 7: Market Structures Unit 3: Business and Labor Chapter 8: Business Organizations Chapter 9: Labor Unit 4: Money, Banking, and Finance Chapter 10: Money and Banking Chapter 11: Financial Markets Unit 5: Measuring Economic Performance Chapter 12: Gross Domestic Product and Growth Chapter 13: Economic Challenges Unit 6: Government and the Economy Chapter 14: Taxes and Government Spending Chapter 15: Fiscal Policy Chapter 16: The Federal reserve and Monetary Policy Unit 7: The Global Economy Chapter 17: International Trade Chapter 18: Economic Development and Transition 12.6 Students analyze issues of international trade and explain how the U.S. economy affects, and is affected by, economic forces beyond the America's borders. Unit 7: The Global Economy Chapter 17: International Trade Chapter 18: Economic Development and Transition