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Prentice Hall
High School
Economics: Principles in Action
(O'Sullivan/Sheffrin) © 2007
C O R R E L A T E D
T O
Indiana Academic Standards - Social Studies – Economics
High School
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
Standard 1 - Scarcity and Economic Reasoning
Students will understand that productive resources are limited; therefore, people, institutions
and governments cannot have all the goods and services they want. As a result, people,
institutions and governments must choose some things and give up others.
E.1.1 Define each of the productive resources
(natural, human, capital) and explain why they
are necessary for the production of goods and
services. (Geography)
SE/TE: 4-6, 8, 15, 20, 21, 24, 29, 320, 441,
442, 480, 481, 497, 532, 533
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 7; Prentice Hall: Unit 1 Folder: 2, 3, 11
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 1 Test; Prentice Hall:
Transparency Resource Package: 1A;
Economics Videotape Library: “Groovin
Business”; Prentice Hall: Companion Web Site
E.1.2 Explain how consumers and producers
confront the condition of scarcity by making
choices which involve opportunity costs and
tradeoffs.
SE/TE: 8-11, 13-16, 18-21, 23, 24, 37, 41, 44,
64, 68, 109, 443, 444, 554
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 8; Prentice Hall: Lesson Plans Folder: 8;
Prentice Hall: Unit 1 Folder: 4, 5, 8, 12
TECH: Prentice Hall: Transparency Resource
Package: 1B; Presentation Pro CD-ROM;
Prentice Hall: Companion Web Site
E.1.3 Explain the important role of the
entrepreneur in taking the risk to combine
productive resources to produce goods and
services.
SE/TE: 5, 6, 31, 32,
101, 102, 112, 113,
163, 165, 169, 186,
208, 209, 219, 257,
52, 53, 55, 72, 89, 97,
115, 138, 143, 144, 162,
187, 188, 189, 191, 205,
271, 276, 344, 491
TR: Case Studies in Free Enterprise Folder: 8,
9; Prentice Hall: Unit 2 Folder: 10
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
E.1.4 Describe how people respond predictably
to positive and negative incentives.
SE = Student Edition
SE/TE: 15, 25, 30, 31, 37, 59, 60, 79, 80, 103,
139-140, 144, 423
TE = Teacher's Edition
TR = Teaching Resources
1
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
E.1.5 Explain that voluntary exchange occurs
when all participating parties expect to gain.
SE/TE: 28, 29, 47, 441-447, 466, 467
TR: Prentice Hall: Lesson Plans Folder: 61;
Prentice Hall: Unit 7 Folder: 2, 3, 8
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17A-17C;
Prentice Hall: Companion Web Site
E.1.6 Compare and contrast how the various
economic systems (traditional, market,
command, mixed) answer the questions: What
to produce? How to produce it? For whom to
produce?.
SE/TE: 22-27, 28-33, 34-39, 40-44, 46, 47, 48,
49, 299, 489-491, 493
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 9, 10; Prentice Hall: Lesson Plans
Folder: 10, 11, 12, 13; Prentice Hall: Unit 1
Folder: 15-24
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 2 Test; Prentice Hall:
Transparency Resource Package: 2C-2F;
Prentice Hall: Companion Web Site
E.1.7 Describe how clearly defined and enforced SE/TE: 41, 44, 52, 53, 55, 72, 490, 491
property rights are essential to a market
economy. (Government)
TR: Prentice Hall: Lesson Plans Folder: 14;
Prentice Hall: Unit 1 Folder: 26, 27
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 3 Test; Prentice Hall:
Transparency Resource Package: 3A; Prentice
Hall: Companion Web Site
E.1.8 Use a production possibilities curve to
explain the concepts of choice, scarcity,
opportunity cost, tradeoffs, unemployment,
productivity and growth.
SE = Student Edition
SE/TE: 13-18, 20, 21
TE = Teacher's Edition
TR = Teaching Resources
2
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Lesson Plans Folder: 9;
Prentice Hall: Unit 1 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 1 Test; Prentice Hall:
Transparency Resource Package: 1C-1D;
Prentice Hall: Companion Web Site
E.1.9 Diagram and explain a Circular Flow
SE/TE: 29-30, 32, 42-43, 47, 303
Model of a market economy, showing
households and businesses as decision makers,
resource and money flows, and the three basic
markets – product, productive resources and
financial markets.
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 9, 10; Prentice Hall: Lesson Plans
Folder: 11, 13; Prentice Hall: Unit 1 Folder: 15,
16, 19-24
TECH: Presentation Pro CD-ROM; Prentice Hall:
Transparency Resource Package: 2D, 2F;
Prentice Hall: Companion Web Site
Standard 2 - Supply and Demand
Students will understand the role that supply and demand, prices, and profits play in determining
production and distribution in a market economy.
E.2.1 Define supply and demand.
SE/TE: 79-83, 98, 99, 101-106, 122, 123
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 13; Prentice Hall Lesson Plans Folder:
18, 21; Prentice Hall: Unit 2 Folder: 2, 3, 8, 13,
14, 19, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 4, 5 Test; Prentice Hall:
Transparency Resource Package: 4A-4B, 5A-5C;
Prentice Hall: Companion Web Site
E.2.2 Identify factors that cause changes in
market supply and demand.
SE = Student Edition
SE/TE: 85-88, 98, 99, 116-120, 122, 123, 133137, 146, 147
TE = Teacher's Edition
TR = Teaching Resources
3
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 14; Prentice Hall Lesson Plans Folder:
19, 23, 25; Prentice Hall: Unit 2 Folder: 4, 17,
18, 21, 26, 27
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 4, 5, 6 Test; Prentice Hall:
Transparency Resource Package: 4C, 4D, 5G,
6H-6M; Prentice Hall: Companion Web Site
E.2.3 Describe the role of buyers and sellers in
determining the equilibrium price.
SE/TE: 125-131, 135, 136, 137, 146, 147, 154,
221, 222, 223, 312, 313, 363, 389, 391
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 17; Prentice Hall: Lesson Plans Folder:
24; Prentice Hall: Unit 2 Folder: 24, 25, 30
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 6 Test; Prentice Hall:
Transparency Resource Package: 6A, 6B;
Prentice Hall: Companion Web Site
E.2.4 Describe how prices send signals to
buyers and sellers.
SE/TE: 90, 91, 94, 113, 119, 120, 139-144,
146, 147, 338, 339
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 18; Prentice Hall Lesson Plans Folder:
26; Prentice Hall: Unit 2 Folder: 28, 29, 31, 32
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 6 Test; Prentice Hall:
Transparency Resource Package: 6N; Prentice
Hall: Companion Web Site
E.2.5 Recognize that consumers ultimately
determine what is produced in a market
economy (consumer sovereignty).
SE/TE: 32, 53, 54, 549, 560
TECH: Presentation Pro CD-ROM; Companion
Web Site
E.2.6 Demonstrate how supply and demand
determine equilibrium price and quantity in the
product, resource and financial markets.
SE = Student Edition
SE/TE: 125-131, 135, 136, 137, 146, 147, 154,
221, 222, 223, 246, 312, 313, 363, 389, 391
TE = Teacher's Edition
TR = Teaching Resources
4
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 17; Prentice Hall: Lesson Plans Folder:
24; Prentice Hall: Unit 2 Folder: 24, 25, 30
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 6 Test; Prentice Hall:
Transparency Resource Package: 6A, 6B;
Prentice Hall: Companion Web Site
E.2.7 Demonstrate how changes in supply and SE/TE: 133-137, 146, 147, 312, 313, 363, 389,
demand influence equilibrium price and quantity 391
in the product, resource, and financial markets.
TR: Prentice Hall: Lesson Plans Folder: 25;
Prentice Hall: Unit 2 Folder: 26, 27, 33, 34
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 6 Test; Prentice Hall:
Transparency Resource Package: 6H-6M;
Prentice Hall: Companion Web Site
E.2.8 Describe how the earnings of workers are SE/TE: 214, 216, 217, 219-226, 236, 237
determined by the market value of the product
produced and workers’ productivity.
TR: Prentice Hall: Lesson Plans Folder: 36;
Prentice Hall: Unit 3 Folder: 17, 18, 24
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 9 Test; Prentice Hall:
Transparency Resource Package: 9B, 9E;
Prentice Hall: Companion Web Site
E.2.9 Demonstrate how government wage and
price controls, such as rent controls and
minimum wage laws, create shortages and
surpluses. (Government)
SE/TE: 128-131, 146, 147, 224, 238, 239
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 17; Prentice Hall: Unit 2 Folder: 24, 25,
30
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 4 Test; Prentice Hall:
Transparency Resource Package: 6E-6G;
Prentice Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
5
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
E.2.10 Use concepts of price elasticity of
demand and supply to explain and predict
changes in quantity as price changes.
SE/TE: 90-96, 98, 99, 104-106, 122, 123
TR: Prentice Hall: Learning Plans Folder: 20,
21; Prentice Hall: Unit 2 Folder: 6, 7, 9, 10, 13,
14, 19, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 4 Test; Prentice Hall:
Transparency Resource Package: 4E; Prentice
Hall: Companion Web Site
E.2.11 Illustrate how investment in factories;
machinery; new technology; and the health,
education and training of people increases
productivity and raises future standards of
living. (Individuals, Society and Culture)
SE/TE: 16, 18, 17, 24, 26, 59, 60, 73, 117,
158, 159, 213, 214, 220-222, 235, 320-325,
328, 329, 333, 474, 480-483, 485-488, 537
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 30; Prentice Hall: Lesson Plans Folder:
46; Prentice Hall: Unit 5 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Prentice Hall:
Transparency Resource Package: 12G; Prentice
Hall: Companion Web Site
Standard 3 - Market Structures
Students will understand the organization and role of business firms and analyze the various
types of market structures in the United States economy.
E.3.1 Compare and contrast the following forms SE/TE: 184-188, 190-193, 195-200, 206, 207,
of business organization: sole proprietorship,
456
partnership and corporation.
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 21, 22; Prentice Hall: Lesson Plans
Folder: 31, 32, 33; Prentice Hall: Unit 3 Folder:
2-11, 12-14
TECH: Presentation Pro CD-ROM; Prentice Hall:
Transparency Resource Package: 8A-8E;
Presentation Pro CD-ROM; Test Bank CD-ROM:
Chapter 8 Test; Prentice Hall: Companion Web
Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
6
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
E.3.2 Identify the three basic ways that firms
finance operations (retained earnings, stock
issues and borrowing) and explain the
advantages and disadvantages of each.
SE/TE: 188, 196, 197, 277-283, 286, 294, 295
TR: Prentice Hall: Lesson Plans Folder: 42;
Prentice Hall: Unit 4 Folder: 15, 16
TECH: : Presentation Pro CD-ROM; Test Bank
CD-ROM: Chapter 11 Test; Prentice Hall:
Transparency Resource Package: 11C; Prentice
Hall: Companion Web Site
E.3.3 Recognize that economic institutions,
such as labor unions, nonprofit organizations
and cooperatives, evolve in market economies
to help members and clients accomplish their
goals. (Government; Individuals, Society and
Culture)
SE/TE: 176, 192, 201-204, 225, 226, 228-234,
236, 237, 262-264, 265, 266, 267,
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 24; Prentice Hall: Lesson Plans Folder:
34, 37; Prentice Hall: Unit 3 Folder: 8, 9, 11,
12, 19, 20, 25
TECH: : Presentation Pro CD-ROM; Test Bank
CD-ROM: Chapter 8, 9 Test; Prentice Hall:
Transparency Resource Package: 8F, 9F, 9G;
Prentice Hall: Companion Web Site
E.3.4 Identify the basic characteristics of the
SE/TE: 151-154, 156-164, 166-171, 173-176,
four market structures: monopoly, oligopoly,
178-179
monopolistic competition and pure competition.
TR: Prentice Hall: Lesson Plans Folder: 27, 28,
29, 30; Prentice Hall: Unit 2 Folder: 35-44, 4547
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 7 Test; Prentice Hall:
Transparency Resource Package: 7A-7I;
Prentice Hall: Companion Web Site
E.3.5 Explain how competition among many
sellers lowers costs and prices.
SE = Student Edition
SE/TE: 31, 32, 33, 52, 53, 55, 73, 151-154,
156, 160-164, 166-171, 178, 179
TE = Teacher's Edition
TR = Teaching Resources
7
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Lesson Plans Folder: 27-29;
Prentice Hall: Unit 2 Folder: 35, 37, 38, 39, 40
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 7 Test; Prentice Hall:
Transparency Resource Package: 7A, 7B, 7C,
7D, 7E, 7F, 7G, 7H; Prentice Hall: Companion
Web Site
E.3.6 Demonstrate how firms determine price
and output through marginal analysis.
SE/TE: 8, 10, 11, 21, 108-114, 116, 120, 122,
123, 161, 162
TR: Prentice Hall: Lesson Plans Folder: 8, 22;
Prentice Hall: Unit 1 Folder: 5, Unit 2 Folder:
15, 16, 22
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 1 Test; Prentice Hall:
Transparency Resource Package: 1B, 5D; Test
Bank CD-ROM: Chapter 5 Test; Prentice Hall:
Companion Web Site
E.3.7 Explain ways that firms engage in price
and non-price competition.
SE/TE: 31, 32, 33, 52, 53, 55, 73, 151-154,
156-164, 166-171, 178, 179
TR: Prentice Hall: Lesson Plans Folder: 27-29;
Prentice Hall: Unit 2 Folder: 35, 37, 38, 39, 40
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 7 Test; Prentice Hall:
Transparency Resource Package: 7A, 7B, 7C,
7D, 7E, 7F, 7G, 7H; Prentice Hall: Companion
Web Site
E.3.8 Identify laws and regulations adopted in
the United States to promote competition
among firms. (Government)
SE/TE: 172-176, 177, 178, 179, 198
TR: Prentice Hall: Lesson Plans Folder: 30;
Prentice Hall: Unit 2 Folder: 41, 41, 44, 45
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 7 Test; Prentice Hall:
Transparency Resource Package: 7I; Prentice
Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
8
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
E.3.9 Explain the function of profit in a market
economy as an incentive for entrepreneurs to
accept the risks of business failure.
SE/TE: 29, 30, 31, 32, 52, 53, 55, 101, 102,
112, 113, 143, 162, 163, 169, 187, 219, 271
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
E.3.10 Describe the benefits of natural
monopolies (economies of scale) and the
purposes of government regulation of these
monopolies, such as utilities. (Government)
SE/TE: 157, 158, 164, 178
TR: Prentice Hall: Lesson Plans Folder: 28;
Prentice Hall: Unit 2 Folder: 37, 38
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
E.3.11 Explain how cartels affect product price
and output.
SE/TE: 171, 173, 179
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
Standard 4 - The Role of Government
Students will understand that typical microeconomic roles of government in a market or mixed
economy are the provision of public goods and services, redistribution of income, protection of
property rights, and resolution of market failures.
E.4.1 Explain the basic functions of government SE/TE: 21, 26, 27, 34-38, 40-44, 46, 47, 51,
in a market economy. (Government)
54, 55, 57-60, 62-66, 67-70, 71, 72, 73, 117119, 128-131, 142, 159-160, 173-176, 224,
254, 255, 301-306, 310-316, 321, 322, 326,
327, 338-343, 349-350, 352, 353, 359-363,
365-369, 371-374, 375-380, 382, 383, 387393, 395-401, 403-408, 410, 411, 412, 415418, 420-423, 425-429, 430-434, 436, 437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 10, 11, 12, 29, 31, 33-38; Prentice Hall:
Lesson Plans Folder: 12, 13, 44, 45, 47, 50, 51,
59, 60; Prentice Hall: Unit 1 Folder: 17, 18, 19,
20, 28, 30, 31, 32, 33, 38; Prentice Hall: Unit 5
Folder: 2, 3, 4, 5, 8, 11-13, 14, 19; Prentice
Hall: Unit 6 Folder: 2-11, 12-21, 22-31, 32-38
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
9
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 3, 12, 14, 15, 16 Test; Prentice
Hall: Transparency Resource Package: 2E, 2F,
3D, 12A-12E, 13A-13C, 14A-14G, 15A-15G,
16A-16H; Economics Videotape Library:
“Forced Out”; Prentice Hall: Companion Web
Site
E.4.2 Explain how markets produce too few
public goods and how the government
determines the amount to produce through
looking at benefits and costs.
SE/TE: 34-38, 40-44, 46, 47, 51-55, 57-60, 6266, 67-70, 72, 73, 371-374, 375-380, 382, 383
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 10, 12, 34; Prentice Hall: Lesson Plans
Folder: 12-17, 52, 53; Prentice Hall: Unit 1
Folder: 17-23, 26-37; Prentice Hall: Unit 6
Folder: 6, 7, 8, 9, 11, 12
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 2, 3, 14 Test; Prentice Hall:
Transparency Resource Package: 2E, 2F, 3A-3D,
14F, 14G; Prentice Hall: Companion Web Site
E.4.3 Describe how the government taxing
harmful spillovers* and subsidizing helpful
spillovers helps to resolve the inefficiency they
cause.
SE/TE: 62-66, 71, 72, 73, 142-144, 551
TR: Prentice Hall: Learning Style Lesson Plan
Folder; Prentice Hall: Unit 1 Folder: 30, 31
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 3 Test; Prentice Hall:
Transparency Resource Package: 3C
* spillover: the impact of an activity (positive or negative) on the well-being of a third party
E.4.4 Describe major revenue and expenditure
categories and their respective proportions of
local, state and federal budgets. (Government)
SE/TE: 365-369, 375-380, 382, 383, 543
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 34; Prentice Hall: Unit 6 Folder: 2, 5, 8,
9
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
10
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 14 Test; Prentice Hall:
Transparency Resource Package: 14C, 14D,
14E, 14G; Prentice Hall: Companion Web Site
E.4.5 Explore the ways that tax revenue is used SE/TE: 371-374, 382, 383, 394, 411, 543
in the community. (Government)
TR: Prentice Hall: Lesson Planner: 62; Prentice
Hall: Lesson Plans Folder: 51; Prentice Hall:
Unit 6 Folder: 4, 5, 13
TECH: Presentation Pro CD-ROM; Prentice Hall:
Transparency Resource Package: 14C, 14D,
14E; Prentice Hall: Companion Web Site
E.4.6 Identify taxes paid by students.
(Government)
SE/TE: 360, 361, 363, 365-369, 382, 383, 528531
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 33; Prentice Hall: Lesson Plans Folder:
50, 51; Prentice Hall: Unit 6 Folder: 2-5, 10,
13, 14
TECH: : Presentation Pro CD-ROM; Test Bank
CD-ROM: Chapter 14 Test; Prentice Hall:
Transparency Resource Package: 14A-14E;
Prentice Hall: Companion Web Site
E.4.7 Define progressive, proportional and
regressive taxation. (Government)
SE/TE: 360, 361, 363, 367, 382, 383
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 33; Prentice Hall: Lesson Plans Folder:
50; Prentice Hall: Unit 6 Folder: 2, 3, 10, 14
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 14 Test; Prentice Hall:
Transparency Resource Package: 14A, 14B;
Prentice Hall: Companion Web Site
E.4.8 Determine whether different types of
taxes (including income, sales and social
security) are progressive, proportional or
regressive. (Government)
SE = Student Edition
SE/TE: 360, 361, 363, 365-369, 382, 383
TE = Teacher's Edition
TR = Teaching Resources
11
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 33; Prentice Hall: Lesson Plans Folder:
50, 51; Prentice Hall: Unit 6 Folder: 2-5, 10,
13, 14
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 14 Test; Prentice Hall:
Transparency Resource Package: 14A-14E;
Prentice Hall: Companion Web Site
E.4.9 Describe how costs of government
policies may exceed benefits, because social or
political goals other than economic efficiency
are being pursued. (Government)
SE/TE: 26, 34-38, 64-66, 72, 73, 117-119,
128-131, 142, 349-350, 391-393
TR: Prentice Hall: Lesson Plans Folder: 16;
Prentice Hall: Unit 1 Folder: 30, 31
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 3 Test; Prentice Hall:
Transparency Resource Package: 3C; Prentice
Hall: Companion Web Site
E.4.10 Use an economic decision-making model SE/TE: 9-11
to analyze a public policy issue. (Government)
The foundation of this standard can be found
on:
SE/TE: 6, 38, 55, 56, 60, 88, 89, 106, 114,
120, 137, 144, 154, 164, 171, 176, 217, 234,
248, 256, 283, 476, 483, 488
Standard 5 - National Economic Performance
Students will understand the means by which economic performance is measured.
E.5.1 Define aggregate supply and demand,
Gross Domestic Product (GDP), economic
growth, unemployment, and inflation.
SE/TE: 57, 58, 218, 300-308, 310-316, 318324, 326, 327, 331-336, 338-342, 351, 352,
353, 399, 404, 431, 471, 472, 538, 540, 548,
550, 552, 556, 558
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 29, 30, 31, 32; Prentice Hall: Lesson
Plans Folder: 44, 45, 46, 47, 48; Prentice Hall:
Unit 5 Folder: 2-10, 11-13, 14, 15, 19, 22, 23
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
12
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
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PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12, 13 Test; Prentice Hall:
Transparency Resource Package: 12A-12F, 13A13F; Prentice Hall: Companion Web Site
E.5.2 Explain how GDP, economic growth,
unemployment and inflation are measured.
SE/TE: 302, 303, 304, 308, 318-322, 324, 327,
334, 335, 336, 339-341, 343, 353
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 29, 31, 32; Prentice Hall: Lesson Plans
Folder: 44, 47, 48; Prentice Hall: Unit 5 Folder:
3, 14, 16
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12, 13 Test; Prentice Hall:
Transparency Resource Package: 12A, 13D,
13E; Prentice Hall: Companion Web Site
E.5.3 Explain the limitations of using GDP to
measure economic welfare.
SE/TE: 304, 305, 308, 327, 472
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 29; Prentice Hall: Lesson Plans Folder:
42; Prentice Hall: Unit 5 Folder: 2, 3
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12 Test; Prentice Hall:
Transparency Resource Package: 12A; Prentice
Hall: Companion Web Site
E.5.4 Explain the four phases of the business
cycle (contraction*, trough*, expansion* and
peak*).
SE/TE: 57, 310-316, 326, 327, 397, 433, 434,
435
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 30; Prentice Hall: Lesson Plans Folder:
46; Prentice Hall: Unit 5 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12 Test; Prentice Hall:
Transparency Resource Package: 12D; Prentice
Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
13
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
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INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
* contraction: phase of a business cycle in which the economy as a whole is in a decline; occurs
after the business cycle peaks
* trough: the phase of the economy’s business cycle that marks the end of a period of declining
activity
* expansion: the phase when business activity surges
* peak: the highest point between the end of an economic expansion and the start of a
contraction
E.5.5 Analyze the impact of events in United
States history, such as wars and technological
developments, on business cycles. (History)
SE/TE: 36-39, 54, 55, 59, 68, 69, 71, 87, 94,
95, 102, 103, 118, 119, 121, 127, 141, 159,
172-178, 189, 199, 229-233, 235, 250-256,
267, 289, 290-292, 295, 314-316, 317, 364,
396, 397, 400, 401, 402, 407, 415, 416, 451,
453, 454, 461
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 20, 26; Prentice Hall: Lesson Plans
Folder: 30, 39; Prentice Hall: Unit 2 Folder: 41,
42, 44, 45; Unit 4 Folder: 4, 5, 11, 12
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 7, 10 Test; Prentice Hall:
Companion Web Site
E.5.6 Identify the different causes of inflation
and explain who gains and loses because of
inflation.
SE/TE: 338-343, 352, 353, 404
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 32; Prentice Hall: Lesson Plans Folder:
48; Prentice Hall: Unit 5 Folder: 15, 16, 22, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 13 Test; Prentice Hall:
Transparency Resource Package: 13D-13F;
Prentice Hall: Companion Web Site
E.5.7 Analyze the impact of inflation on
students’ economic decisions.
SE/TE: 338, 339, 343, 353
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 32; Prentice Hall: Lesson Plans Folder:
48; Prentice Hall: Unit 5 Folder: 15, 16, 22, 23
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
14
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 13 Test; Prentice Hall:
Transparency Resource Package: 13D-13F;
Prentice Hall: Companion Web Site
E.5.8 Illustrate and explain cost-push and
demand-pull inflation.
SE/TE: 338, 341-343, 353
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 32; Prentice Hall: Lesson Plans Folder:
48; Prentice Hall: Unit 5 Folder: 15, 16, 22, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 13 Test; Prentice Hall:
Transparency Resource Package: 13D-13F;
Prentice Hall: Companion Web Site
E.5.9 Recognize that a country’s overall level of SE/TE: 301-308, 311-316, 320-322, 326, 327
income, employment and prices are determined
by the individual spending and production
decisions of households, firms and government.
(Government; Individuals, Society and Culture)
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 29; Prentice Hall: Lesson Plans Folder:
44; Prentice Hall: Unit 5 Folder: 2, 3, 8
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12, 13 Test; Prentice Hall:
Transparency Resource Package: 12A; Prentice
Hall: Companion Web Site
E.5.10 Illustrate and explain how the
SE/TE: 306-308, 333, 341, 342
relationship between aggregate supply and
aggregate demand is an important determinant
of the levels of unemployment and inflation in
an economy.
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 29; Prentice Hall: Lesson Plans Folder:
44; Prentice Hall: Unit 5 Folder: 2, 3, 8
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 12 Test; Prentice Hall:
Transparency Resource Package: 12B, 12C;
Prentice Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
15
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
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PAGE(S) WHERE TAUGHT
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appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
E.5.11 Compare and contrast solutions for
reducing unemployment. (Government)
SE/TE: 69, 70, 335, 336, 350, 351, 353
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
Standard 6 - Money and the Role of Financial Institutions
Students will understand the role of money and financial institutions in a market economy.
E.6.1 Explain the basic functions of money.
SE/TE: 243-248, 266, 267
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 25; Prentice Hall: Lesson Plans Folder:
38; Prentice Hall: Unit 4 Folder: 2, 3, 8
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 10 Test; Prentice Hall:
Transparency Resource Package: 10A; Prentice
Hall: Companion Web Site
E.6.2 Identify the composition of the money
supply of the United States.
SE/TE: 258, 259, 264, 422, 423
TR: Prentice Hall: Lesson Plans Folder: 40;
Prentice Hall: Unit 4 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Prentice Hall:
Transparency Resource Package: 10C, 10D,
16F; Prentice Hall: Companion Web Site
E.6.3 Explain the role of banks and other
financial institutions in the economy of the
United States.
SE/TE: 250-257, 259-264, 265, 266, 267, 271275, 277-283, 285-292, 294, 295, 504-505,
509-513, 514, 515
TR: : Prentice Hall: Learning Style Lesson Plan
Folder: 26, 27; Prentice Hall: Lesson Plans
Folder: 39, 40, 41, 42, 43; Prentice Hall: Unit 4
Folder: 4, 5, 6, 7, 9-12, 13-23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 10, 11 Test; Prentice Hall:
Transparency Resource Package: 10B-10F, 11A11E; Prentice Hall: Companion Web Site
E.6.4 Explain how interest rates act as an
incentive for savers and borrowers.
SE = Student Edition
SE/TE: 311-313, 343, 421, 422, 423, 430-434,
436, 437
TE = Teacher's Edition
TR = Teaching Resources
16
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Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
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INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Lesson Plans Folder: 60;
Prentice Hall: Unit 6 Folder: 32, 33, 35, 36, 38
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 16 Test; Prentice Hall:
Transparency Resource Package: 16H; Prentice
Hall: Companion Web Site
E.6.5 Describe the organization and functions of SE/TE: 254, 255, 262, 291, 415-418, 421, 422,
the Federal Reserve System. (Government)
423, 424, 425-429, 430-434, 436, 437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 59, 60; Prentice Hall: Lesson Plans
Folder: 59, 60; Prentice Hall: Unit 6 Folder: 30,
31, 32, 33, 35, 36, 38
TECH: Prentice Hall: Learning Style Lesson Plan
Folder: 59, 60; Prentice Hall: Lesson Plans
Folder: 59, 60; Prentice Hall: Unit 6 Folder: 30,
31, 32, 33, 35, 36, 38
E.6.6 Compare and contrast credit, savings and SE/TE: 250-256, 258-264, 266, 267, 504-513,
investment services available to the consumer
514-521
from financial institutions.
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 26, 27; Prentice Hall: Lesson Plans
Folder: 39, 40; Prentice Hall: Unit 4 Folder: 4,
5, 6, 7, 9-12
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 10 Test; Prentice Hall:
Transparency Resource Package: 10B-10F;
Prentice Hall: Companion Web Site
E.6.7 Demonstrate how banks create money
through the principle of fractional reserve
banking.
SE/TE: 260-261, 264, 266, 267, 425-427, 429
TR: Prentice Hall: Lesson Plans Folder: 40;
Prentice Hall: Unit 4 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
17
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
E.6.8 Research and monitor financial
investments, such as stocks, bonds and mutual
funds.
SE/TE: 272-275, 277-283, 285-292, 294, 295,
296, 297, 506-509
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 27, 28; Prentice Hall: Lesson Plans
Folder: 41-43; Prentice Hall: Unit 4 Folder: 1322, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 11 Test; Prentice Hall:
Transparency Resource Package: 11A-11E;
Prentice Hall: Companion Web Site
E.6.9 Analyze the difference in borrowing costs
using various rates of interest when purchasing
a major item, such as a car or house.
SE/TE: 261-264, 506-509, 514, 515
TR: Prentice Hall: Lesson Plans Folder: 40;
Prentice Hall: Unit 4 Folder: 6, 7, 9, 10
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 10 Test; Prentice Hall:
Transparency Resource Package: 10E, 10F;
Prentice Hall: Companion Web Site
E.6.10 Formulate a savings or financial
investment plan for a future goal.
SE/TE: 502, 503, 506-509
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
Standard 7 - Economic Stabilization
Students will understand the macroeconomic role of the government in developing and
implementing economic stabilization policies and how these policies impact the economy.
E.7.1 Define and explain fiscal and monetary
policy. (Government)
SE/TE: 387-393, 395-401, 408, 410, 411, 412,
417, 418, 423, 425-429, 436, 437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 35, 38; Prentice Hall: Lesson Plans
Folder: 59; Prentice Hall: Unit 6 Folder: 15, 16,
17, 30, 31
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
18
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15, 16 Test; Prentice Hall:
Transparency Resource Package: 15A-15E, 16G,
16H; Prentice Hall: Companion Web Site
E.7.2 Define the tools of fiscal and monetary
policy. (Government)
SE/TE: 387-391, 408, 410, 411, 412, 425-429,
436, 437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 35, 38; Prentice Hall: Lesson Plans
Folder: 59; Prentice Hall: Unit 6 Folder: 15, 16,
17, 30, 31
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15, 16 Test; Prentice Hall:
Transparency Resource Package: 15A-15E, 16H;
Prentice Hall: Companion Web Site
E.7.3 Describe the negative impacts of
SE/TE: 338, 339, 351, 352, 353, 404, 433, 434,
unemployment and unexpected inflation on an 437
economy and how individuals and organizations
try to protect themselves. (Individuals, Society
and Culture)
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 32; Prentice Hall: Lesson Plans Folder:
48; Prentice Hall: Unit 5 Folder: 15, 16, 22, 23
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 13 Test; Prentice Hall:
Transparency Resource Package: 13D-13F;
Prentice Hall: Companion Web Site
E.7.4 Explain how monetary policy affects the
level of inflation in the economy.
SE/TE: 341, 342, 433, 434, 437
TECH: Presentation Pro CD-ROM; Prentice Hall:
Companion Web Site
E.7.5 Analyze how the government uses taxing
and spending decisions (fiscal policy) to
promote price stability, full employment and
economic growth. (Government)
SE = Student Edition
SE/TE: 387-393, 395-401, 408, 410, 411, 412
TE = Teacher's Edition
TR = Teaching Resources
19
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Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
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INDIANA ACADEMIC STANDARDS - SOCIAL
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TR: Prentice Hall: Learning Style Lesson Plan
Folder: 35; Prentice Hall: Unit 6 Folder: 15, 16,
17
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15 Test; Prentice Hall:
Transparency Resource Package: 15A, 15B,
15C, 15D, 15E; Prentice Hall: Companion Web
Site
E.7.6 Analyze how the Federal Reserve uses
monetary tools to promote price stability, full
employment and economic growth.
(Government)
SE/TE: 422, 423, 425-429, 430-434, 435, 436,
437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 38; Prentice Hall: Lesson Plans Folder:
59, 60; Prentice Hall: Unit 6 Folder: 30, 31, 32,
33, 35, 36, 38
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 16 Test; Prentice Hall:
Transparency Resource Package: 16G, 16H;
Prentice Hall: Companion Web Site
E.7.7 Predict possible future effects of the
national debt on the individual and the
economy. (Government)
SE/TE: 405-408, 410, 411, 542
TR: Prentice Hall: Lesson Plans Folder: 56;
Prentice Hall: Unit 6 Folder: 19, 20, 22, 23, 25
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15 Test; Prentice Hall:
Transparency Resource Package: 15F, 15G;
Prentice Hall: Companion Web Site
E.7.8 Predict how changes in federal spending
and taxation would affect budget deficits and
surpluses and the national debt. (Government)
SE/TE: 381, 403-408, 410, 411, 542
TR: Prentice Hall: Lesson Plans Folder: 56;
Prentice Hall: Unit 6 Folder: 19, 20, 22, 23, 25
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
20
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
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PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15 Test; Prentice Hall:
Transparency Resource Package: 15F, 15G;
Prentice Hall: Companion Web Site
E.7.9 Explain how a change in monetary or
fiscal policy can impact a student’s purchasing
decision.
SE/TE: 389-391, 399, 400, 410, 411, 412, 413,
430-432, 436, 437
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 35, 38; Prentice Hall: Lesson Plans
Folder: 59; Prentice Hall: Unit 6 Folder: 15, 16,
17, 30, 31
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 15, 16 Test; Prentice Hall:
Transparency Resource Package: 15A-15E, 16G;
Prentice Hall: Companion Web Site
Standard 8 - Trade
Students will understand why individuals, businesses and governments trade goods and services
and how trade affects the economies of the world.
E.8.1 Explain the benefits of trade among
SE/TE: 441-447, 468, 469
individuals, regions and countries. (Geography;
Individuals, Society and Culture)
TR: Prentice Hall: Lesson Plans Folder: 61;
Prentice Hall: Unit 7 Folder: 2, 3, 8
TECH: : Presentation Pro CD-ROM; Test Bank
CD-ROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17A-17C;
Prentice Hall: Companion Web Site
E.8.2 Define and distinguish between absolute
and comparative advantage.
SE/TE: 443-445, 447, 466, 467
TR: Prentice Hall: Lesson Plans Folder: 61;
Prentice Hall: Unit 7 Folder: 2, 3, 8
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17A; Prentice
Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
21
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
Indiana Academic Standards - Social Studies – Economics
(High School)
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
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E.8.3 Define trade barriers, such as quotas and
tariffs. (Government)
SE/TE: 449-456, 457, 465, 466, 467, 468-469,
498, 499
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 39; Prentice Hall: Lesson Plans Folder:
62; Prentice Hall: Unit 7 Folder: 4, 5, 11
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17D-17F;
Prentice Hall: Companion Web Site
E.8.4 Explain why countries erect barriers to
trade. (Government)
SE/TE: 449-456, 457, 466, 467, 468-469
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 39; Prentice Hall: Lesson Plans Folder:
62; Prentice Hall: Unit 7 Folder: 4, 5, 11
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17D-17F;
Prentice Hall: Companion Web Site
E.8.5 Explain the difference between balance of SE/TE: 462-464, 466, 467
trade and balance of payments.
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 40; Prentice Hall: Lesson Plans Folder:
63; Prentice Hall: Unit 7 Folder: 6, 7, 9, 10, 12
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17G; Prentice
Hall: Companion Web Site
E.8.6 Compare and contrast labor productivity
SE/TE: 320
trends in the United States and other developed The foundation of this standard can be found
countries.
on:
SE/TE: 471-476
TR: Prentice Hall: Lesson Plans Folder: 24;
Prentice Hall: Unit 18 Folder: 13, 14, 24, 25
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
22
TECH = Technology
Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
Correlated to:
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PAGE(S) WHERE TAUGHT
(If submission is not a text, cite
appropriate resource(s))
INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 18 Test; Prentice Hall:
Transparency Resource Package: 18A, 18B,
18C; Prentice Hall: Companion Web Site
E.8.7 Explain how most trade occurs because of SE/TE: 441-447, 468, 469
a comparative advantage in the production of a
particular good or service.
TR: Prentice Hall: Lesson Plans Folder: 61;
Prentice Hall: Unit 7 Folder: 2, 3, 8
TECH: : Presentation Pro CD-ROM; Test Bank
CD-ROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17A-17C;
Prentice Hall: Companion Web Site
E.8.8 Explain how changes in exchange rates
SE/TE: 458-464, 466, 467
impact the purchasing power of people in the
United States and other countries. (Individuals,
Society and Culture)
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 40; Prentice Hall: Lesson Plans Folder:
63; Prentice Hall: Unit 6 Folder: 6, 7, 9, 10, 12
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17G; Prentice
Hall: Companion Web Site
E.8.9 Evaluate the arguments for and against
free trade.
SE/TE: 449, 450-452, 453-456, 465, 466, 467,
468-469
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 39, Prentice Hall: Lesson Plans Folder:
62, Prentice Hall: Unit 7 Folder: 4, 5, 11
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 17 Test; Prentice Hall:
Transparency Resource Package: 17D-17F;
Prentice Hall: Companion Web Site
E.8.10 Identify skills that individuals need to be SE/TE: 208, 209, 213-215, 217, 220-222, 226,
successful in the global economy.
237
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Prentice Hall Economics: Principles in Action (O'Sullivan/Sheffrin) © 2007
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INDIANA ACADEMIC STANDARDS - SOCIAL
STUDIES - ECONOMICS
TR: Prentice Hall: Learning Style Lesson Plan
Folder: 23; Prentice Hall: Lesson Plans Folder:
35, 36; Prentice Hall: Unit 3 Folder: 16, 17, 18,
21, 22, 23, 24
TECH: Presentation Pro CD-ROM; Test Bank CDROM: Chapter 9 Test; Prentice Hall:
Transparency Resource Package: 9B, 9C;
Prentice Hall: Companion Web Site
SE = Student Edition
TE = Teacher's Edition
TR = Teaching Resources
24
TECH = Technology