Listing of Economic Assignments and Notes.
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Chapter 1 - Basic Economic Concepts
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Essential Question:
- How do limitations on the people’s time and income affect their needs and wants?
Learning Targets:
- I can analyze how scarcity affects decision making in economics.
- I can identify key economic concepts.
Priority Standards:
- D.12.1 Explain how decisions about spending and production made by households, businesses, and governments determine the nation's levels of income, employment, and prices.
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Chapter 2 - Economic Systems
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Essential Question:
- Why is the question of who decides which products to sell to consumers important?
Learning Targets:
- I can evaluate economic performance and its impact on society.
Priority Standards:
- D.12.7 Compare, contrast, and evaluate different types of economies (traditional, command, market, and mixed) and analyze how they have been affected in the past by specific social and political systems and important historical events.
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Chapter 3 - Business Organizations
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Essential Question:
- What reasons might people have for starting their own business and what are the costs and benefits involved with starting your own business?
Learning Targets:
- I can categorize the three business organizations.
- I can compare how businesses grow through merging and reinvesting.
- I can identify other types of organizations.
Priority Standards:
- D.12.1 Explain how decisions about spending and production made by households, businesses, and governments determine the nation's levels of income, employment, and prices
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Chapter 4 - Demand
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Essential Question:
- What causes desire, or demand, for a product to rise or fall?
Learning Targets:
Priority Standards:
- D.12.10 Analyze the ways in which supply and demand, competition, prices, incentives, and profits influence what is produced and distributed in a competitive market system
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Chapter 5 - What is Supply?
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Essential Question:
- How do firms make decisions about the supply of products and the prices they charge for them?
Learning Targets:
Priority Standards:
- D.12.10 Analyze the ways in which supply and demand, competition, prices, incentives, and profits influence what is produced and distributed in a competitive market system
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Chapter 6 - What is Price?
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Essential Question:
- How do supply and demand help to determine price and how might the government have influenced prices of items you bought during the last week?
Learning Targets:
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I can evaluate how prices act like signals that help us allocate scarce resources.
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I can construct prices using economic models for the laws of demand and supply.
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I can analyze how governments sometimes use policies that interfere with the market in order to achieve social goals.
Priority Standards:
- D.12.1 Explain how decisions about spending and production made by households, businesses, and governments determine the nation's levels of income, employment, and prices.
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Chapter 7 - Market Structures
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Essential Question:
- How are competition and the profit motive related?
Learning Targets:
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I can classify different market structures including perfect competition, monopolistic competition, oligopoly, and monopoly by analyzing their unique characteristics..
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I can explain the causes of market failures including, but not limited to inadequate competition, inadequate information, immobile resources, public goods and externalities.
Priority Standards:
- D.12.10 Analyze the ways in which supply and demand, competition, prices, incentives, and profits influence what is produced and distributed in a competitive market system
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Chapter 9 and 10 - Revenues and Spending
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Essential Question:
- How does the government collect money and what does it spend it on?
Learning Targets:
- I can explain how specific tax systems create revenue for government
- I can categorize the major spending categories for national, state, and local governments.
Priority Standards:
- D.12.2 Use basic economic concepts (such as supply and demand; production, distribution, and consumption; labor, wages, and capital; inflation and deflation; market economy and command economy) to compare and contrast local, regional, and national economies across time and at the present time.
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Last Updated: 5/23/19 |
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