Download ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics

ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
2. Economic
policies affect
markets
Evidence Outcome
a. Analyze how government
activities influence the
economy. Topics to include but
not limited to: taxation,
monetary policy, and the
Federal Reserve I,M
GRADE: 12
Student-Friendly
Learning Objectives
We will identify the
sources of the
government’s authority
to tax.
We will describe types
of tax bases and tak
structures.
We will identify who
bears the burden of a
tax.
We will list the
characteristics of a
good tax.
We will explain the
process of paying
individual income taxes.
We will identify the
basic characteristics of
corporate income taxes.
We will explain the
purpose of Social
Security, Medcicare,
and unemployment
taxes.
We will analyze other
types of taxes.
© Learning Keys, 800.927.0478, www.learningkeys.org
Level of
Thinking
Analysis
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
Federal Reserve Video
Tax
Revenue
Progressive tax
Proportional tax
Regressive tax
Tax base
Indiviudal Income
Tax
Croporate
Income tax
Property tax
Sales tax
Incidence of a tax
Withholding
Tax Return
Taxable Income
Personal
exemption
Tax deduction
Tax credit
Esatate tax
Tariff
Tax Incentive
Mandatory
spending
Discretionary
spending
Entitlement
Budget
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: 4th Quarter
Resource Correlation
Academic
Vocabulary
Operating budget
Capital budget
Balanced budget
Tax exempt
Real property
Personal
property
Tax assessor
Monetary policy
Reserves
Reserve
requirements
Check clearing
Federal funds
rate
Discount rate
We will distinguish
between mandatory and
discretionary spending.
We will describe the
major entitlement
programs.
We will identify
categories of
discretionary spending.
We will explain the
impact of federal aid to
state and local
governments.
We will explain how
states use a budget to
plan their spending.
We will identify where
state taxes are spent.
We will list the major
sources of state of state
tax revenue.
b. Recognize the interaction
© Learning Keys, 800.927.0478, www.learningkeys.org
We will describe local
government spending
and sources of revenue.
We will define various
Knowledge
Trade barrier
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ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
between foreign and domestic
economic policies. Topics to
include but not limited to:
embargoes, tariffs, and
subsidies I,M
GRADE: 12
Student-Friendly
Learning Objectives
Level of
Thinking
types of trade barriers.
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
Tariff
Import quota
Saanctions
Embargo
Trade war
Protectionism
Infant industry
Free trade
Free-trade zone
We will analyze the
effects of trade barriers
on economic activities.
We will summarize
arguments in favor of
protectionism.
We will evaluate the
benefits and costs of
participation in
international trade
agreements.
c. Identify government
activities that affect the local,
state, or national economy M
We will explain the role
of multinationals in the
global market
We will describe
characteristics and give
examples of
monopolistic
competition.
We will explain how
firms compete without
lowering price.
We will understand how
firms in a
monpolictically
competitive market set
© Learning Keys, 800.927.0478, www.learningkeys.org
Knowledge
-Monopolistic
Competition
-Differentiation
-Nonprice
Competition
-Oligopoly
-Collusion
-Cartel
-Predatory
Pricing
-Antitrust Laws
-Deregulation
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ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
GRADE: 12
Student-Friendly
Learning Objectives
Level of
Thinking
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
output.
We will describe
charteristics and give
examples of oligopoly.
We will explain how
firms might try to
increase their market
power.
We will list three market
practices that the
government regulates
or bans to protect
competition.
We will define
deregulation, and list its
effects on several
industries.
e. Analyze how positive and
negative incentives influence
the economic choices made by
individuals, households,
businesses, governments, and
societies M
© Learning Keys, 800.927.0478, www.learningkeys.org
We will explain why the
government may
intervene in the
marketplace.
We will identify the
constitutional
protections that underlie
free enterprise.
Analysis
Profit motive
Private property
rights
Free contract
Voluntary
exchange
Eminent domain
Public interest
Public discolusre
Page 4
ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
GRADE: 12
Student-Friendly
Learning Objectives
Level of
Thinking
TIMELINE: 4th Quarter
Resource Correlation
We will describe the
role of the consumer in
the American economy.
Academic
Vocabulary
laws
We will describe how
the government
promotes economic
strength.
We will analyze the
factors that increase
productivity.
f. Compare and contrast
monetary and fiscal policies of
the United States government
that are used to stabilize the
economy I,M
3. Government and
competition affect
markets
d.Compare and contrast
different types of taxing.
Topics to include but not
limited to progressive,
regressive, and
proportional I,M
© Learning Keys, 800.927.0478, www.learningkeys.org
We will compare
monetary and fiscal
policies of the United
States government that
are used to stabilize the
economy.
We will contrast
monetary and fiscal
policies of the United
States government that
are used to stabilize the
economy.
We will identify the
sources of the
government’s authority
to tax.
We will describe the
types of tax bases and
Comprehension
Monetary policy
Reserves
Reserve
requirements
Real GDP
Inflation
Central Bank
Interst
Fiscal Policy
Comprehension Denver Post Stock
Market Game
Progressive tax
Proportional tax
Regressive tax
Incendence of a
tax
Sales tax
Property tax
Robert Kiyosaki, of
Rich Dad Poor Dad
NEFE High School
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ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
GRADE: 12
Student-Friendly
Learning Objectives
Level of
Thinking
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
Financial Planning
Program
Corporate
income tax
Individual income
tax
Portfolio
Prospectus
Return
Application
Buzz on Bizz
Business Plan
Knowledge
Prentice Hall,
Economics PFH
Workbook
FICA
tax structures.
We will identify who
bears the burden of a
tax.
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 M
d. Identify sources of personal
income and likely deductions
and expenditures as a basis
for a financial plan M
We will list the
characteristics of a
good tax.
We will develop a
financial plan including
a 12 month budget and
3 year forecast for a
business.
We will identify sources
of personal income and
expenditures as a basis
for a fianical plan.
We will identify personal
deductions and
expenditures as a basis
for fiannical plan.
© Learning Keys, 800.927.0478, www.learningkeys.org
NEFE High School
Financial Planning
Program Chapter 1
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ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
e.Describe legal and ethical
responsibilities regarding tax
liabilities M
GRADE: 12
Student-Friendly
Learning Objectives
We will describe legal
responsibilities
regarding tax liabilities.
Level of
Thinking
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
Knowledge
Incidence of a tax
Tax burden
Comprehension Denver Post Stock
Market Game
Investment
Financail system
Financial asset
Financila
intermediary
Mutual fund
Hedge fund
Diversification
We will describe ethical
responsibilities
regarding tax liabilities
5. Analyze strategic
spending, saving,
and investment
options to achieve
the objectives of
diversification,
liquidity, income,
and growth
a. Compare and contrast the
variety of investments
available for a diversified
portfolio M
d. Describe the appropriate
types of investments to
achieve the objectives of
liquidity, income and growth M
6. The components
of personal credit to
manage credit and
debt
c. Make connections between
building and maintaining a
credit history and its impact on
lifestyle M
© Learning Keys, 800.927.0478, www.learningkeys.org
We will compare the
variety of investments
available for a
diversified portfolio.
We will constrast the
variety of investments
available for a
diversified portfolio.
We will describe the
appropriate types of
investment to achieve
the objective of liguqidy,
income and growth.
We will make
connections between
building a credit history
and its impact on
Robert Kiyosaki, of
Rich Dad Poor Dad
NEFE High School
Financial Planning
Knowledge
Prentice Hall,
Economics
Chapter 11.1-3
NEFE High School
Financil Planning
Program Chapter 3
Comprehension NEFE High School
Fiancial Planning
Program, Chapter 4
Credit Card
Installment Loan
Student Loan
Mortgage
Page 7
ROCKY FORD CURRICULUM GUIDE
SUBJECT: Economics
Standard and Grade
Level Expectation
Evidence Outcome
GRADE: 12
Student-Friendly
Learning Objectives
Level of
Thinking
TIMELINE: 4th Quarter
Resource Correlation
Academic
Vocabulary
lifestyle.
We will make
connections between
maintaining a credit
history and its impact on
lifestyle.
© Learning Keys, 800.927.0478, www.learningkeys.org
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