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Week
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Content
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State Performance
Standards Addressed
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Skills for Student
Achievement Benchmarks
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Assessments
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1
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Unit One: The Economic Setting
 | Terms and definitions |
| A "snapshot" of the economy |
| The personal role of every consumer |
| Needs and wants |
| The skills of the economist |
| Factors of production |
| Adam Smith and capitalist fundamentals |
| Theories of Malthus |
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D.12.1
Spending and production decision
D.12.2 Basic economic concepts
D.12.6 U.S./World economic development
D.12.12 Values and beliefs influence on
society
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| Correctly use vocabulary and economic data
to analyze economic issues |
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| Vocabulary notebook/quiz |
| Completion of survey data collection
activity |
| Participate effectively in market situation |
| Oral and written news analysis |
| Oral current events discussion/quiz |
| Short essay contrasting principles of Smith
and Malthus |
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2
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Systems and Choice
| Types of economic systems |
| Forms of business organization |
| Economic goals |
| Entrepreneurs |
| Decision making concepts: scarcity,
opportunity cost, goods and services |
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D.12.1
Spending and production decisions
D.12.6 U.S. and world economic development
D.12.7 Comparing economic systems
D.12.10 Analyze basic concepts in a market
system
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| Compare and contrast economic systems and
forms of business organizations |
| Explain the goals of government policies
and their effect on the economy |
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| Oral current events discussion/quiz |
| Vocabulary notebook/quiz |
| Decision-making grid group activities |
| Discussion of economic and social goals as
policy |
| Written reactions to video of economic
dilemmas |
| Evaluation of research |
| Unit test |
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3
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Unit Two: Financial Markets and Investments
| Need for capital and savings for investment |
| Role and operation of financial markets |
| Stocks, bonds, funds, etc. as investments |
| Stock analysis |
| Investment sources |
| Risk and profit |
| Foreign investment |
| Stock market simulation |
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D.12.2
Basic economic concepts
D.12.4 Economic impact on national policies
D.12.5 Budgetary policy and federal reserve
system
D.12.6 U.S. and world economic development
D.12.9 Operations of common financial
instruments
D.12.10 Analyze basic concepts in market
system
D.12.11 Market forces: borrowing and saving
D.12.12 Values and beliefs influence on
economy
D.12.13 Explain global interdependence
D.12.14 Analysis of economic institutions
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| Function as an investor by analyzing
financial data to simulate purchases of stocks and other
investments |
| Explain the function of markets and
investment in a market economy |
|
| Oral current events discussion/quiz |
| Vocabulary notebook/quiz |
| Evaluation of research |
| Accuracy of calculations |
| Evaluation of portfolio management |
| Presentation of portfolio |
| Participation in Investment Club
(non-graded/out of class activity) |
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4
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Unit Three: Microeconomics
| The concept of demand and its application |
| Demand schedules |
| Elasticity and utility |
| The concept of supply and its application |
| Supply curves and schedules |
| Stages of production to diminishing returns |
| Economies of scale |
| Price equilibrium and surplus |
| Fixed and support prices |
| Competition and monopoly |
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D.12.1
Spending and production decisions
D.12.2 Basic economic concepts
D.12.10 Analyze basic concepts in market
systems
|
| Use the principles of demand, supply, and
price to explain the actions of consumers and producers |
| Explain the impact of government policies
and entrepreneurs on competition in the free market system |
|
| Vocabulary notebook/quiz |
| Oral current events discussion/quiz |
| Grade letter to legislator |
| Evaluate graphs for accuracy |
| Robber Barons or Captains
of Industry essay |
| Unit test |
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5
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Unit Four: Macroeconomics: Institutions
| The labor movement |
| Union forms |
| Labor/management bargaining |
| Wage determination and issues |
| Recent union issues and trends |
| Wisconsin labor history |
| Government revenue sources/classes |
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D.12.2
Basic economic concepts
D.12.3 Wisconsin and U.S. in world economy
D.12.4 Economic impact of national policies
D.12.6 U.S. and world economic development
D.12.7 Comparing economic systems
D.12.12 Values and beliefs influence on
economy
D.12.14 Analysis of economic institutions
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| Express opinions on labor issues with
economic reasoning |
| Identify principles of taxation on local,
state, and federal levels |
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| Vocabulary notebook/quiz |
| Oral current events discussion/quiz |
| Strike/negotiation simulation participation |
| Write legislation proposal for Model
Congress |
| Group activity designing a fair tax system |
| Essay reacting to Scientific Management
Principles of F. Taylor |
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6
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| Historic growth of government/spending |
| Federal budget process |
| Budget components |
| State and local agencies and programs |
| Keynesian economics |
| Deficits and debt |
| Budget reform/deficit reduction |
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D.12.1
Spending and production decisions
D.12.2 Basic economic concepts
D.12.3 Wisconsin and U.S. in world economy
D.12.4 Economic impact on national policies
D.12.5 Budgetary policy and federal reserve
system
D.12.12 Values and beliefs influence on
economy
|
| Demonstrate an understanding of the federal
budget programs and process |
| Explain the impact of governmental spending
on the economy and the lives of citizens |
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| Vocabulary notebook/quiz |
| Oral current events discussion/quiz |
| Budget Blaster
simulation |
| Write legislation proposal for Model
Congress |
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7
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Money and Banking
| Historic monetary systems |
| National bank system |
| Bank procedures |
| Federal Reserve System |
| Bank crises: failures, the Depression,
savings and loan scandal |
| Monetary policy |
| Exchange rates |
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D.12.1
Spending and production decisions
D.12.3 Wisconsin and the U.S. in the world
economy
D.12.5 Budgetary policy and federal reserve
system
D.12.8 Characteristics on international trade
D.12.9 Operations of common financial
instruments
D.12.11 Market forces; borrowing and saving
D.12.13 Explain global inderdependence
D.12.4 Analysis of economic institutions
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| Describe the operation of the banking
system in the United States |
| Explain the elements of monetary policy and
how its affects on the economy |
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| Vocabulary notebook/quiz |
| Oral current events discussion/quiz |
| Panic (bank
failure) simulation |
| Unit test |
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8
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Unit 5: Macroeconomics: Policies
| Measuring GDP |
| National income/standard of living |
| Inequities in income distribution |
| Poverty |
| Unemployment |
| Business cycles |
| Inflation |
| Price indexes |
| Benefits of trade |
| Comparative average |
| Trade deficits |
| Tariffs and protectionism |
| Wisconsin’s role in the global economy |
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D.12.1
Spending and production decisions
D.12.2 Basic economic concepts
D.12.3 Wisconsin and the U.S. in the world
economy
D.12.4 Economic impact on national policies
D.12.6 U.S. and world economic development
D.12.7 Comparing economic systems
D.12.8 Characteristics of international trade
D.12.10 Analyze basic concepts in market
system
D.12.12 Values and beliefs influence on
economy
D.12.13 Explain global interdependence
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| Apply economic reasoning to development of
business cycles, standard of living, and issues of poverty
and wealth in the United States |
| Explain the benefits of trade and exchange
to the health of the economy |
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| Oral current events discussion/quiz |
| Essay responding to Carnegies’ Gospel
of Wealth |
| Write a legislation proposal for Model
Congress |
| Discussion of comparison of productivity of
American workers to Japanese and Europeans |
| Comparative advantage simulations |
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9
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Unit Six: Exploring Issues
| Local economy |
| HoChunk contribution to local economy |
| Impact of gaming |
| E-commerce/new economy |
| Underground economy |
| Political campaigns/proposals |
| Government programs |
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D.12.1
Spending and production decisions
D.12.2 Basic economic concepts
D.12.3 Wisconsin and U.S. in world economy
D.12.4 Economic impact on national policies
D.12.6 U.S. and world economic development
D.12.12 Values and beliefs influence on
economy
D.12.13 Explain global interdependence
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| Research and analyze economic issues and
institutions of economy on a local and national level |
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| Sale of stock portfolio |
| Presentation of portfolio |
| Discussion of issues |
| Research paper |
| Final exam |
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