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11th Grade Economics
Teacher: Mr. Fredrickson
Phone: 952-426-2825
E-mail: [email protected]
Course Description
This course will provide students with an understanding of the way in which our
society organizes its limited resources to satisfy unlimited wants. Throughout the semester
students will be introduced to the basic principles that form the foundation of the social science
that is economics. Using these principles students will be analyzing economic issues that face
the United States economy. This course places an emphasis on the student developing an
economic way of thinking and problem solving that can be used in their lives as consumers,
members of the workforce, responsible citizens and effective participants in the global economy.
Grading
Group work and
Participation
Weekly Journal
Homework
Exams (5 @ 40 points each)
Total Points
A-
90-100%
B-
80-89.9%
C-
70-79.9%
D-
60-69.9%
F-
59.9% and below
130
170
100
200
600
Group Work and Participation- Stock exchange project and in class activities (22% of your
grade). This will include Socratic discussions, debates, and games created to develop your
economic decision making skills.
Weekly Journal- You will be responsible for maintaining a current economic events journal
throughout the semester. I will provide the articles, materials, or prompts to help guide you
throughout the semester to build your ability to analyze economic issues using economic models
and theories. You will provide a one paragraph analysis regarding the article. This will be used
to show growth throughout the semester (28% of your grade).
Homework- Will be used to build competence working with economic models and concepts in
order to help to build the skills needed (17% of your grade).
Exams- There will be four exams and one final comprehensive exam. 3x5 notecards will be
allowed for students to write notes and use during tests. This will assess your knowledge and
application economic concepts(33% of your grade).
Big Goal:
You will become an active and informed citizen in our democratic republic by learning how to
use economic decision making to understand how economic principles influence local, state,
national, and international policies.
As an active and informed citizen you will:
1. Define and apply basic economic concepts such as scarcity, supply/demand, opportunity
costs, production, resources, money, economic growth, markets, costs, and competition.
2. Understand the roles in the economic system of consumers, producers, workers,
investors, and voters.
3. Identify and evaluate economic issues from a variety of media and apply problem solving
skills to make decisions about the best solution or position.
Learning Objectives:
•
You will develop the ability to read and create graphical representations (charts, graphs,
models) of market forces to simplify complex problems.
•
You will be able to think critically on a complex topic and create an informed argument
for or against a policy.
•
You will analyze data to determine the health of an economy.
•
You will learn to think in the abstract and draw connections between content and the
real world.
Tentative Class Outline:
Unit 1
Introduction to Economics & Basic Economic Concepts
Week 1
Foundational Economic Concepts (9.2.1.1.1, 9.2.3.4.1, 9.2.3.4.1)
Week 2
Economic Systems (9.2.3.4.2, 9.2.3.4.3, 9.2.4.5.1, 9.2.4.5.2)
Unit 2
Supply, Demand & Market Efficiency
Week 3
Demand (9.2.4.5.3)
Week 4
Supply (9.2.4.5.4, 9.2.4.5.5)
Week 5
Market Efficiency (9.2.4.5.6, 9.2.4.7.3, 9.2.4.8.1, 9.2.4.8.2)
-Exam 1Unit 3
Business Organization & Financial Markets
Week 6
Business Organizations & Structures (9.2.4.6.1, 9.2.4.6.2)
Week 7
Financial Markets (9.2.4.7.2)
Unit 4
Business Cycles & Measuring Economic Performance
Week 8
Employment, Labor, and Wages (9.2.4.7.1, 9.2.5.9.3)
Week 9
Economic Performance and Instability (9.2.5.9.1, 9.2.5.9.2)
-Exam 2Unit 5
Taxes & Government Spending
Week 10
Sources of Government Revenue and Fiscal Policy (9.2.5.11.1)
Week 11
Government Spending and Programs (9.2.4.8.3, 9.2.10.1
Unit 6
Banking & Monetary Policy
Week 12
Economic Policy Issues/Debates (9.2.5.11.3, 9.2.5.11.4)
Week 13
Consumer Spending (9.2.5.10.2)
Week 14
The Fed & Monetary Policy (9.2.5.11.2)
-Exam 3Unit 7
The Global Economy
Week 15
International Trade (9.2.5.12.1)
Week 16
Exchange Rates (9.2.5.12.2)
-Exam 4Unit 8
Consumer Economics
Week 17
Personal Budgets and financial planning (9.2.2.2.1-9.2.2.2.4)
Week 18
Exam Review
-Final Exam-
Explanations of Emphasis:
Most emphasis will be given to units 1-3. These are the building blocks of economics and
cannot be shortchanged. Only when students have a solid understanding of these units can they
move into units 4-6. That is why 7 weeks were allotted to allow for students to go in depth on
the basics and spiral into the higher order thinking skills in units 4-6. 14 benchmarks are covered
in these units.
Units 4-6 were in the middle as far as importance. They were also given 7 weeks due to the
nature of the standards being more complex requiring high order thinking skills. Group work
will focus more on analysis and interpretation of US markets. 11 benchmarks are covered in
these units.
Least emphasis will be given to units 7 and 8. Unit 7, while important for further study in
economics, will not be covered as in depth as the previous units. We will stick to the basics of
International Trade to allow students to understand how this affects our economy. It is important
that they have a basic understanding of personal finance but it is my opinion that once a student
has learned to think economically they will naturally understand budgets and planning for the
future. 4 benchmarks are covered in these units.