Year At A Glance Social Studies Grade: 12 - Economics (Fall and Spring semester) Process Standards Ongoing TEKS Assessments E.22.A analyze economic information by sequencing, categorizing, identifying cause-and-effect relationships, comparing, contrasting, finding the main idea, summarizing, making generalizations and predictions, and drawing inferences and conclusions; E.22.B create economic models, including production-possibilities curves, circular-flow charts, and supply-and-demand graphs, to analyze economic concepts or issues; E.22.C explain a point of view on an economic issue; E.22.D analyze and evaluate the validity of economic information from primary and secondary sources for bias, propaganda, point of view, and frame of reference; E.22.E evaluate economic data using charts, tables, graphs, and maps; and E.22.F use appropriate mathematical skills to interpret economic information. E.23.A use economic-related terminology correctly; E.23.D create written, oral, and visual presentations of economic information; and E.24.A use a problem-solving process to identify a problem, gather information, list and consider options, consider advantages and disadvantages, choose and implement a solution, and evaluate the effectiveness of the solution; and E.24.B use a decision-making process to identify a situation that requires a decision, gather information, identify options, predict consequences, and take action to implement a decision. Concepts TEKS Reading/vocabulary quizzes Unit tests Formative assessments should be done via short writings/class discussions Major writing assignment 6 week exams Common Assessments Economics Micro vs Macro Choices, opportunity cost, factors of production, PPF curve/applications st th 1 /4 Trade: Thinkers, Comp/Abs adv., trade barriers, zones, etc. Six Supply and demand Weeks Define, examples, laws of Applications: shift, elasticity, equilibriums Economic spectrum, types of economies, 3 key questions 1A-D 2A-C 3A-C 4A-C 5A-E 6A, B, C 8A-C Writing: Topic: Explain why choices are inevitable, and why each choice made must carry an opportunity cost. Business organizations Starting a business, types of organizations, bankruptcy Stock Market Financial markets, as indicators, stocks, bonds 2nd /5th Competition Six Role of, types and forms Weeks Role of government, regulation Aggregate Economy Business cycle, aggregate supply /demand, business cycle Economic indicators: inflation, full employment, unemployment 7A, B 9A, B 10A, B 11A-C 14A-C 16A-D 18A-C Writing: Topic: Why does evaluation of economic prosperity or downturn require looking back at several variables over a period of time? Give specific examples. Banking, The Fed and Monetary Policy Understanding money, personal credit, banking, loans, interest Role of the Fed, types of money Creation of money, tools of monetary policy, strengths and weaknesses 3rd /6th Economic Stabilization: Government Taxation, Spending, and Fiscal Policy Six Role of taxation, theories, types, government programs/services Weeks Fiscal Policy (stabilization tool): expansionary, contractionary, limitations of fiscal policy Housing, Insurance, Personal Credit Rights/responsibilities of renting or buying a home, managing money to make the transition from renting a home to home ownership 6D 12A-C 13A-D 14B, C 15A-C 17A-D 18B-G 19A-D 20A-C 21A-F Exams: Unit exam(s) 6 Week common assessment Exams: Unit exam(s) 6 Week common assessment Writing: Topic: To what extent can controlling the money supply have an impact on the business cycle? Give specific examples. Exams: Unit exam(s) 6 Week common assessment