Economics

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**11th/12th Grade Economics ** **Focus Statement **: This class is designed to provide students with insight into the American free enterprise system and practical application of key concepts. The course includes investment strategies, trade, exchange and interdependence, banking services, insurance, and consumer credit. Students will be encouraged to utilize the computer laboratory facilities and will be provided a variety of opportunities to learn about economics through case studies and simulations.


 * Month || High Achievement Outcome || “I Can” statement (Component) || Assessments || Resources ||
 * January – April || ECON.11.SMG || I can apply investment strategies to compete in The Stock Market Game. ||  || [|www.stockmarketgame.org – Students will play the Early Spring Game] ||
 * ^  || Stock Market Game and InvestWrite ||^   ||^   ||^   ||
 * ^  || Students will discover the process of investing in the stock market. || I can apply my learning throughout The Stock Market Game to compete in the InvestWrite essay competition. ||   || [|www.investwrite.info] ||
 * January – March || ECON.11.1 || I can define scarcity and explain how it has an impact on the prices that consumers pay for the goods and services they need. ||  ||   ||
 * ^  || Scarcity and Decision Making || I can evaluate the mistakes and fortunes made by businessmen and women. ||   ||   ||
 * ^  ||   || I can analyze how incentives and opportunity costs influence economic decision-making. ||   ||   ||
 * ^  || Students will discover important information that can positively impact their life now and in the future as they learn to make good financial decisions. || I can identify the basic economic concepts that will help me be financially successful in the future. ||   ||   ||
 * ^  || ECON.11.2 || I can list different economic systems that societies use. ||   ||   ||
 * ^  || Economic Systems ||^   ||^   ||^   ||
 * ^  ||   || I can compare and contrast economic systems. ||   ||   ||
 * ^  || Students will discover how our form of economy differs from those in other countries. || I can describe the costs and benefits of economic systems. ||   ||   ||
 * ^  || ECON.11.3 || I can explain why America is considered a "superpower" because of its economy, quality of life, and ability to impact other countries. ||   ||   ||
 * ^  || Producers, Consumers, and Prices ||^   ||^   ||^   ||
 * ^  ||   || I can explain how prices signal producers and consumers. ||   ||   ||
 * ^  || Students will discover how our position as a world power is impacted by our ability to manage the relationships between producers and consumers. || I can determine what causes changes in supply and demand. ||   ||   ||
 * ^  || ECON.11.4 || I can explain how the US Government uses monetary and fiscal policy to influence the economy. ||   ||   ||
 * ^  || Economic Roles of the US Government ||^   ||^   ||^   ||
 * ^  ||   || I can describe the impact the U.S. Government has on money and evaluate how that impact has changed over time. ||   ||   ||
 * ^  || Students will explore the U.S. policies that drive and stabilize our economy. || I can estimate what percentage of my future earnings I will give to the government and what it will be used for. ||   ||   ||
 * ^  || ECON.11.5 || I can explain how trade, global interdependence, and specialization contribute to economic growth. ||   ||   ||
 * ^  || Trade, Global Interdependence, and Specialization ||^   ||^   ||^   ||
 * ^  ||   || I can evaluate if the decisions and actions of other countries impact the prices I pay for goods and services. ||   ||   ||
 * ^  || Students will learn how the U.S. economy is interdependent on the economies of other countries in this globally interdependent world. || I can analyze things we can all do to guarantee our economy stays strong so that jobs are available, and our quality of life can improve. ||   ||   ||
 * April – May || ECON.11.PFL.1 || I can develop a financial plan including a budget based on short- and long-term ||  ||   ||
 * ^  ||   || goals. ||^   ||^   ||
 * ^  || Personal Financial Literacy: Financial Plan || I can analyze financial information for ||   ||   ||
 * ^  ||   || accuracy, relevance, and steps for ||^   ||^   ||
 * ^  || Students will design, analyze, and apply a financial plan based on short- and long-term financial goals. || identity protection. ||^   ||^   ||
 * ^  ||   || I can describe factors affecting take-home pay. ||   ||   ||
 * ^  ||   || I can identify sources of personal income and likely deductions and expenditures as a basis for a financial plan. ||   ||   ||
 * ^  ||   || I can describe legal and ethical responsibilities regarding tax liabilities. ||   ||   ||
 * ^  || ECON.11.PFL.2 || I can compare and contrast the variety of investments available for a diversified portfolio. ||   ||   ||
 * ^  || Personal Financial Literacy: Spending, Saving, and Investment Options ||^   ||^   ||^   ||
 * ^  ||   || I can evaluate factors to consider when managing savings and investment accounts. ||   ||   ||
 * ^  || Students will analyze strategic spending, saving, and investment options to achieve the objectives of diversification, liquidity, income, and growth. || I can explain how economic cycles affect personal financial decisions. ||   ||   ||
 * ^  ||   || I can describe the appropriate types of investments to achieve the objectives of liquidity, income, and growth. ||   ||   ||
 * ^  || ECON.11.PFL.3 || I can analyze various lending sources, services, and financial institutions. ||   ||   ||
 * ^  || Personal Financial Literacy: Personal Credit ||^   ||^   ||^   ||
 * ^  ||   || I can investigate legal and personal responsibilities affecting lenders and borrowers. ||   ||   ||
 * ^  || Students will discover the components of personal credit to manage credit and debt. || I can make connections between building and maintaining a credit history and its impact on lifestyle. ||   ||   ||
 * ^  || ECON.11.PFL.4 || I can differentiate between types of insurance. ||   ||   ||
 * ^  || Personal Financial Literacy: Risk-Management ||^   ||^   ||^   ||
 * ^  ||   || I can explain the function and purpose of insurance. ||   ||   ||
 * ^  || Students will identify, develop, and evaluate risk-management strategies. || I can select and evaluate strategies to mitigate risk. ||   ||   ||
 * ^  || ECON.11.PFL.3 || I can analyze various lending sources, services, and financial institutions. ||   ||   ||
 * ^  || Personal Financial Literacy: Personal Credit ||^   ||^   ||^   ||
 * ^  ||   || I can investigate legal and personal responsibilities affecting lenders and borrowers. ||   ||   ||
 * ^  || Students will discover the components of personal credit to manage credit and debt. || I can make connections between building and maintaining a credit history and its impact on lifestyle. ||   ||   ||
 * ^  || ECON.11.PFL.4 || I can differentiate between types of insurance. ||   ||   ||
 * ^  || Personal Financial Literacy: Risk-Management ||^   ||^   ||^   ||
 * ^  ||   || I can explain the function and purpose of insurance. ||   ||   ||
 * ^  || Students will identify, develop, and evaluate risk-management strategies. || I can select and evaluate strategies to mitigate risk. ||   ||   ||
 * ^  ||   || I can explain the function and purpose of insurance. ||   ||   ||
 * ^  || Students will identify, develop, and evaluate risk-management strategies. || I can select and evaluate strategies to mitigate risk. ||   ||   ||

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