Download PLC unit 2 econ spring

Kell Brand Unit Plan (Revised for 2012-2013)
Developed By: Steven Robinson, Valerie McNabb
Name of Collaborative: Economics
Curriculum Area: Social Studies
Unit Title: Unit 2 Market Structures and Macroeconomics
Time Frame: approximately two weeks 11/8- 12/04 (includes Thanksgiving break)
Note: Each teacher keeps his/her own copy reflecting teacher’s unit plan
Desired Results
Content Standards ( # and brief description): Copy and paste from Picasso
SSEMI4 The student will explain the organization and role of business and analyze the four types of
market structures in the U.S. economy.
a. Compare and contrast three forms of business organization—sole proprietorship, partnership,
and corporation.
b. Explain the role of profit as an incentive for entrepreneurs.
c. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure
competition
SSEMA1
The student will illustrate the means by which economic activity is measured.
Element: SSEMA1.a
Explain that overall levels of income, employment and prices are determined by the spending and
production decisions of households, businesses, government and net exports.
Element: SSEMA1.b
Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index
(CPI), inflation, stagflation and aggregate supply and aggregate demand.
Element: SSEMA1.c
Explain how economic growth, inflation and unemployment are calculated.
Element: SSEMA1.d
Identify structural, cyclical and frictional unemployment.
Element: SSEMA1.e
Define the stages of the business cycle as well as recession and depression.
Element: SSEMA1.f
Describe the difference between the national debt and government deficits.
SSEMA2
The student will explain the role and functions of the Federal Reserve System
Element: SSEMA2.a
Describe the organization of the Federal Reserve System.
Element: SSEMA2.b
Define Monetary policy.
Element: SSEMA2.c
Describe how the Federal Reserve uses the tools of monetary policy to promote price stability, full
employment and economic growth.
SSEMA3
The student will explain how the government uses fiscal policy to promote price stability, full
employment and economic growth.
Element: SSEMA3.a
Define fiscal policy.
Element: SSEMA3.b
Explain the government's taxing and spending decisions.
Content (Unpack Nouns from Standards):
Skills (Unpack Verbs from Standards):
Students will know…
Students will be able to…
SSEMI4
•The student will know how to explain the
organization and role of business and analyze
the four types of market structures in the U.S.
economy.
•
•The student will know how to compare and
contrast three forms of business
organization—sole proprietorship, partnership,
and corporation.
•
•The student will know how to explain the role
of profit as an incentive for entrepreneurs.
•The student will identify the basic
characteristics of monopoly, oligopoly,
monopolistic competition, and pure
competition
SSEMI4
•The student will know how to explain the
organization and role of business and analyze the
four types of market structures in the U.S.
economy.
•
•The student will know how to compare and
contrast three forms of business organization—
sole proprietorship, partnership, and corporation.
•
•The student will know how to explain the role of
profit as an incentive for entrepreneurs.
•The student will identify the basic characteristics
of monopoly, oligopoly, monopolistic competition,
and pure competition
SSEMA1
How to illustrate the means by which economic
activity is measured.
Element: SSEMA1.a
Explain that overall levels of income,
employment and prices are determined by the
spending and production decisions of
households, businesses, government and net
exports.
Element: SSEMA1.b
Define Gross Domestic Product (GDP),
economic growth, unemployment, Consumer
Price Index (CPI), inflation, stagflation and
aggregate supply and aggregate demand.
SSEMA1
Illustrate the means by which economic activity is
measured.
Element: SSEMA1.a
Explain that overall levels of income, employment
and prices are determined by the spending and
production decisions of households, businesses,
government and net exports.
Element: SSEMA1.b
Define Gross Domestic Product (GDP), economic
growth, unemployment, Consumer Price Index
(CPI), inflation, stagflation and aggregate supply
and aggregate demand.
Element: SSEMA1.c
Element: SSEMA1.c
Explain how economic growth, inflation and
unemployment are calculated.
Element: SSEMA1.d
Identify structural, cyclical and frictional
unemployment.
Element: SSEMA1.e
Define the stages of the business cycle as well
as recession and depression.
Element: SSEMA1.f
Describe the difference between the national
debt and government deficits.
SSEMA2
Explain the role and functions of the Federal
Reserve System
Element: SSEMA2.a
Describe the organization of the Federal
Reserve System.
Element: SSEMA2.b
Define Monetary policy.
Element: SSEMA2.c
Describe how the Federal Reserve uses the
tools of monetary policy to promote price
stability, full employment and economic
growth.
SSEMA3
Explain how the government uses fiscal policy
to promote price stability, full employment and
economic growth.
Element: SSEMA3.a
Define fiscal policy.
Element: SSEMA3.b
Explain the government's taxing and spending
decisions.
Explain how economic growth, inflation and
unemployment are calculated.
Element: SSEMA1.d
Identify structural, cyclical and frictional
unemployment.
Element: SSEMA1.e
Define the stages of the business cycle as well as
recession and depression.
Element: SSEMA1.f
Describe the difference between the national debt
and government deficits.
SSEMA2
Explain the role and functions of the Federal
Reserve System
Element: SSEMA2.a
Describe the organization of the Federal Reserve
System.
Element: SSEMA2.b
Define Monetary policy.
Element: SSEMA2.c
Describe how the Federal Reserve uses the tools
of monetary policy to promote price stability, full
employment and economic growth.
SSEMA3
Explain how the government uses fiscal policy to
promote price stability, full employment and
economic growth.
Element: SSEMA3.a
Define fiscal policy.
Element: SSEMA3.b
Explain the government's taxing and spending
decisions.
Essential Vocabulary: What critical vocabulary must be learned in order to master the content?
sole proprietorship, partnership, corporation, incentive, entrepreneurs, monopoly, oligopoly,
monopolistic competition, and pure competition, labor force, derived demand productivity, labor
union, glass ceiling, types of labor (unskilled, semi-skilled and skilled)
Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI),
inflation, stagflation and aggregate supply and aggregate demand, structural, cyclical and frictional
unemployment, the business cycle, recession, depression, national debt, government deficits,
Federal Reserve, monetary policy, fiscal policy
Essential or Guiding Questions: What questions must students be able to answer to show mastery of the
standards?
SSEMI4
1. What explanation is given for the organization and role of business, and how do we analyze the four types of market
structures in the U.S. economy?
2. How can we compare and contrast three forms of business organization—sole proprietorship, partnership, and
corporation?
3. How do we explain the role of profit as an incentive for entrepreneurs?
4. How can we identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure competition
5. What is the relationship between wages and skill levels?
Element: SSEMA1.a
1. Explain that overall levels of income, employment and prices are determined by the spending and production
decisions of households, businesses, government and net exports.
Element: SSEMA1.b
2. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation,
stagflation and aggregate supply and aggregate demand.
Element: SSEMA1.c
3. Explain how economic growth, inflation and unemployment are calculated.
Element: SSEMA1.d
4. Identify structural, cyclical and frictional unemployment.
Element: SSEMA1.e
5. Define the stages of the business cycle as well as recession and depression.
Element: SSEMA1.f
6. Describe the difference between the national debt and government deficits.
Element: SSEMA2.a
7. Describe the role, functions and organization of the Federal Reserve System.
Element: SSEMA2.b
8. Define Monetary policy.
Element: SSEMA2.c
9. Describe how the Federal Reserve uses the tools of monetary policy to promote price stability, full employment and
economic growth.
SSEMA3
10. Explain how the government uses fiscal policy to promote price stability, full employment and economic growth.
Element: SSEMA3.a
11. Define fiscal policy.
Element: SSEMA3.b
12. Explain the government's taxing and spending decisions.
Assessment Evidence
Common Pre-Test
(Optional)
Formative
Assessments
(build from Summative)
Common Mid-Unit
Assessment
Common “Almost
There” Assessment
N/A
Handouts and worksheets
Graphic organizer
Fun with Cups
Learning Stations
Leveled groupings
EOCT test prep Hook or Opener
Unit 2 MUB multiple choice questions
Unit 2 Almost There Assessment multiple choice questions
(Should “mirror” the
Common Summative
Assessment in types and
number of questions)
Remediation Plan
(What will you do between
the Almost There and the
Summative Assessment?)
Common Summative
Assessment
ATA test review
Peer mentoring in small group activities (groups comprised of high and
low achievers based on ATA results)
Power point review
Test corrections
Quizlet.com for vocabulary
Unit 2 Assessment multiple choice questions
Common Core Elements
Reading Element
(Literary and
Informational Text)
Textbook, Guided Reading workbooks for main ideas of textbook
sections, articles; word wall as needed
Article:
1) “Change we can believe in: Scrap the dollar bill” with GIST graphic
organizer
ELACC11-12RH2: Determine the central ideas or information of a
primary or secondary source document; provide an accurate summary
that makes clear the relationships among the key details and ideas.
Writing Element
(Argumentative,
Expository/Explanatory,
Narrative with Text
Evidence)
Speaking Element
(Discussion/Debate
Presentations)
Listening/Viewing
Elements
( Music, Art, Video
Clips)
Performance-Based
Tasks
N/A
N/A
N/A
Personal Finance Packet project to begin during Thanksgiving break.
Learning Plan
Pacing Guide
(weekly or daily)
ex: Day 1-2 Intro of Civil War Day 3- Quiz/Causes of Civil War Day 4- Performance TaskRAFT
Week 1: Market Structures: Begin with power points, book work (chapter
assessments and vocabulary) and guided reading; Fun with Cups and
grouping activities; GIST reading activity; introduce stations
Week 2: MUB, Macro power points, book work (chapter assessments)
and guided reading; stations
MUB 03/19/13
ATA assessment on 03/26/13
Unit 2 test on 03/28/13
What learning experiences and instruction will enable students to achieve the desired
Learning
Activities/Engagement results? Create a list with a brief description.
ex: Graphic Organizer – compare/contrast differences of North/South
RAFT – Speech to Troops (Grant vs. Lee)
Graphic organizer for reading assignment and in chapter assessments
Fun with Cups activity for review and remediation
Group packets and learning stations
Peer tutoring
Learning packets to reinforce class discussion/learning
Word wall
Differentiation
(Please address how you
will differentiate to meet
remedial, on-level and
gifted students)
Tasks are varied by content, process, and/or product based on students’ readiness, learning profiles or
interest. Use of varying materials, resources, and tasks.
Note: Readiness and profiles include Students with Disabilities and Gifted
Ex: Students completing a reading task with choice of One-Pager OR Reflective Reading Strategy.
Learning stations during remediation
Flexible groupings, pretest, group share, self-selection. When
lecturing/discussing/presenting in class, various techniques are used for
auditory (lecture), visual (DVD’s and power points), and kinesthetic
(interactive lecture and discussion) learners;
Individual tutoring as needed
Lower Lexile questions/article as practice for special education students
USA Test Prep with use of ReadWrite 9
Students choose from articles based on reading levels and interests
Quizlet.com for vocabulary review
Materials/Resources
Textbook (hard copy and online)
Power points
GCEE Virtual Economics
Guided Reading Workbook
Test Prep workbook
USA Test Prep
Article to reinforce common core
Collaborative
Reflection
(What can be
improved? What went
well and what did not
go well?)
Include dates of meeting times
As needed during planning and class.