Standards Curriculum Map Bourbon County Schools Level: 9th Grade Grade and/or Course: Integrated Social Studies (Economics) Updated: May 16, 2012 Days Unit/Topic Standards Activities Learning Targets (“I Can” Statements) Vocabulary Days 1-10 Introduction To Economics SS-HS-3.1.1 Students will give examples of and explain how scarcity of resources necessitates choices at both the personal and societal levels in the modern and explain the impact of those choices. DOK 2 SS-HS-3.2.1 Students will compare and contrast economic systems (traditional, command, market, mixed) and evaluate their effectiveness based on their abilities to achieve broad social goals such as freedom, efficiency, equity, security and growth in the modern world. SS-H-E-U-1 Students will understand that the basic economic problem confronting individuals, societies and governments is scarcity; as a result of scarcity, economic choices and decisions must be made. SS-H-E-U-2 Students will understand that economic systems are created by individuals, societies ACT Bellringers Student News Factors Handout Econ. System Group Activity Market Advertisements Key Chapter Assessment Magazine Covers Offs (Guns or Butter) Activity Exit Slips I can explain why scarcity is the basic problem in economics. I can identify the factors of production I can identify the types of economic systems. I can compare and contrast the types of economic systems I can explain the role of entrepreneurs I can explain the concept of opportunity cost I can describe why every decision involves trade-offs Wants Needs Economics Goods Services Scarcity Factors of production Land Labor Capital Trade offs Opportunity cost Guns or butter Economic system Traditional economy Market economy Centrally planned Mixed economy Market Specialization Firm Profit Self interest Incentive Competition Invisible hand Socialism Collective Heavy industry Laissez
and governments to achieve broad goals (e.g., security, growth, freedom, efficiency, equity). explain how governments with limited budgets consider revenues, costs and opportunity when planning expenditures (3.1.2) I can describe the relationship between a country’s production possibilities and its available resources and technology Free enterprise Days Unit/Topic Standards Activities Learning Targets (“I Can” Statements) Vocabulary Days 11-20 Supply & Demand SS-HS-3.3.1 Students will explain and give examples of how numerous factors influence the supply and demand of products (e.g., cost of inputs, number of sellers: demand—income, utility, price of similar products, consumers' preferences). DOK 2 SS-HS-3.3.2 Students will describe how specific financial and non-financial incentives often influence individuals differently (e.g., discounts, sales promotions, trends, personal convictions). SS-HS-3.3.3 Students will explain how the level of competition in a market is largely determined by the number of buyers and sellers. SS-HS-3.4.1 Students will analyze the changing relationships among business, labor and government (e.g., tariff policy, price controls, subsidies, tax incentives) and how each has affected production, distribution and consumption in the United States or the world. DOK 3 ACT Bellringers Student News Factors Handout Supply & Demand Schedules Key Terms Chapter Assessment Magazine Covers Handout of factors affective supply/demand Exit Slips I can explain the law of demand I can describe the substitution and income effects I can Construct a demand curve using given information I can identify the various demand determinants I can describe the effect that the demand determinants have on a demand curve. I can explain the law of supply I can explain how firms decide to hire labor, address costs, Demand Law of demand Substitution effect Income effect Demand schedule Demand curve Ceteris paribus Normal good Inferior good Complement Substitute Elasticity of demand Inelastic Elastic Unitary elastic Total revenue Supply Law of supply Supply schedule Supply curve Elasticity of supply Marginal product of labor Fixed cost Variable cost Total cost Marginal cost Subsidy Excise tax Regulation