2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name]
Dates
Weeks 1
and 2
Enduring
Skills/Understandings
Using evidence to support a
claim
Evaluating sources
Taking action
Unit Topic
Standards
Essential Vocabulary
Basic Economic
Concepts
D2.Eco.10.9-12. Use current data to explain the
influence of changes in spending, production, and the
money supply on various economic conditions
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., supply—technology, cost of inputs,
number of sellers: demand—income, utility, price of
similar products, consumers' preferences).
HS-3.3.3
Students will SS explain how the level of competition
in a market is largely determined by the number of
buyers and sellers.
SS-HS-3.3.1
Students will explain and give examples of how
numerous factors influence the supply and demand of
products (e.g., supply—technology, cost of inputs,
number of sellers: demand—income, utility, price of
similar products, consumers' preferences).
HS-3.3.3
Students will SS explain how the level of competition
in a market is largely determined by the number of
buyers and sellers.
Economics,Wants, Needs,
Scarcity, Economic Model,
Trade Offs, Marginal Cost,
Marginal Benefit, CostBenefit Analysis, Factors of
Production
Demand, Demand
Schedule, Demand Curve,
Law of Demand, Market
Demand, Utility, Substitute,
Demand Elasticity
Weeks 3,
4, and 5
Supply
Supply, Law of Supply,
Supply Schedule, Supply
Curve, Profit, Market
Supply,
Productivity,Subsidy,
Supply Elasticity, Surplus,
Shortage, Equilibrium
Weeks 5,
6, and 7
Page 1 of 2
2014-2015
2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name]
Business and Labor
Weeks 8,
9, and 10
Economic Boycotts
and
Government and the
Economy
Weeks 11,
12, and 13
Weeks 14
and 15
Weeks16,
17, and 18
Page 2 of 2
Money
and
Banking
Economic Systems SSHS-3.2.1
SS-HS-3.4.1
Students will analyze the changing relationships
among business, labor and government (e.g., unions,
anti-trust laws, tariff policy, price controls, subsidies,
tax incentives) and how each has affected production,
distribution and consumption in the United States or
the world.
Proprietorship, Unlimited
Liability, Financial Capital,
Partnership, Articles of
Partnership,Corporation,
Charter,
Stock,Stockholders, Board
of Directors, Limited
Liability, Cooperative,
Closed Shop, Union Shop,
Right to Work Laws,
Modified Union Shop
Mediation, Arbitration,
Strike, Lockout
SS-HS-3.3.2
Private Goods, Exclusion
Students will describe how specific financial and nonPrinciple, Public Goods,
financial incentives often influence individuals
Nonexclusion Principle,
differently (e.g., discounts, sales promotions, trends,
Externality, Monopoly,
personal convictions).
Merger, Antitrust Laws,
SS-HS-3.3.4
Natural Monopoly, Real
Students will explain how laws and government
GDP, Expansion, Peak,
mandates (e.g., anti-trust legislation, tariff policy,
Recession, Civilian Labor
regulatory policy) have been adopted to maintain
Force, Unemployment
competition in the United States and in the global
Rate, Inflation, Stock
marketplace.
Markets, Stock Exchanges,
Poverty, Workfare,
Progressive Income Tax
D2.Eco.9.9-12. Describe the roles of institutions such as
Commercial Banks,
clearly defined property rights and the rule of law in a market Savings and Loans, Credit
economy.
Unions, FDIC, Federal
D2.Eco.12.9-12. Evaluate the selection of monetary and
Reserve, Discount Rate
fiscal policies in a variety of economic conditions.
Students will compare and contrast economic systems
(traditional, command, market, mixed) based on their
abilities to achieve broad social goals such as
freedom, efficiency, equity, security and growth in the
modern world.
Exports, Imports,
Comparative Advantage,
Tariff, , Exchange Rate,
Market Economy,
Command Economy,
Communism, Mixed
Economy, Traditional
2014-2015
2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name]
Economy, International
Monetary Fund, World
Bank
Dates
Page 3 of 2
Essential
Skills/Understandings
Unit Topic
Standards
Essential Vocabulary
2014-2015
2015-2016 Washington County School District Pacing Guide - [delete brackets and insert course name]
Page 4 of 2
2014-2015