ROSE TREE MEDIA SCHOOL DISTRICT
COURSE CURRICULUM
COURSE TITLE: Economics
GRADE LEVEL: 11 & 12
CREATION DATE: August, 2004
Essential Question, Concept or Theme: A. What is Economics? Define economics and its fundamental
principles. Differentiate between traditional, command, and market economies. Analyze similarities and
differences between economic systems. Discuss the major characteristics of the American free enterprise economy.
To what extent does the American government impact/direct the economy?
PA Standards: 6.1.12 B
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Identify the key aspects of
Textbooks:
 Department standardized Final

traditional, command and market
Economics, Richard M.
Exam

economics.
Hodgetts and Terry L. Smart
 Teacher developed exams

2. Evaluate the strengths and
(Addison-Welsley Publishing
 Quizzes- announced and

weaknesses of traditional,
Company), 1993.
unannounced

command and market economics.
 Essays

(6.1.12 B)
Economics
for
Everybody,
 Research papers and/or projects
Gerson Antell and Walter

 Oral presentations and/or
Harris
(Amsco
School

debates
Publications, Inc.), 2003.

 Current event assignments

 Stock Market simulation
Economics: Principles and

 Homework assignments
Practices, Gary E. Clayton,

 Classroom activities
Ph.D. (Glencoe/ McGraw-Hill),
 Note taking
2001.
 Class participation
 Book reports
Other:
 Film reviews
Videos
 Article analysis
Online Services (especially for
 Teacher directed Socratic
stock quotes)
discussion
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community
Guest Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 1
-1-
Approx. Time Allotment:
Instructional Strategies
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: A. What is Economics? Define economics and its fundamental
principles. Differentiate between traditional, command, and market economies. Analyze similarities and
differences between economic systems. Discuss the major characteristics of the American free enterprise
economy. To what extent does the American government impact/direct the economy?
PA Standards: 6.1.12 B
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and

inclusion techniques such as but not limited 
to:


 Extra help after school
 Adaptations as listed on IEP

 Alternate Readings
 Extended Time
 Test Reader
 Oral/modified tests
 Provide advance notice of future
assignments (Advance Organizers)
 Note Taker (classmate, aide, and/or
teacher for reproduction)
 Individual Aide
 Modified Assignments
 Alternate Assessments
 Wait Time
 Peer Tutor
 Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies
Web Quests
Biographies
Primary Source Readings
Stock Market Simulation
Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 2
Supplemental materials
Mini lessons
Differentiated instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check points
Teach to strength/ learning
style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
-2-
August, 2004
Essential Question, Concept or Theme: B. Business Organizations: Describe the characteristics of the sole
proprietorship. Understand the advantages and disadvantages of the partnership. Describe the structure and
features of the corporation.
PA Standards:
6.1.12 D; 6.2.9 C; 6.2.12 C
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Identify and describe historical  Department standardized Final Textbooks:
examples of expansion,
Economics, Richard M. Hodgetts
Exam
recession, and depression
and Terry L. Smart (Addison Teacher developed exams
(6.1.12 D).
Welsley Publishing Company),
 Quizzes- announced and
2. Explain the function and
1993.
unannounced
purpose of the Federal Reserve  Essays
System (6.2.9 C).
 Research papers and/or projects Economics for Everybody, Gerson
3. Analyze policies designed to
Antell and Walter Harris (Amsco
 Oral presentations and/or
raise or lower interest rates and
School Publications, Inc.), 2003.
debates
how the Federal Reserve Board
 Current event assignments
influences interest rates
Economics: Principles and
 Stock Market simulation
(6.2.12 C).
Practices, Gary E. Clayton, Ph.D.
 Homework assignments
4. Evaluate competition and
(Glencoe/ McGraw-Hill), 2001.

Classroom
activities
identify positive and negative
 Note taking
aspects of competition in the
Other:

Class
participation
market for both producers and
Videos
 Book reports
consumers.
Online Services (especially for
 Film reviews
stock quotes)
 Article analysis
Newspapers and Magazines
 Teacher directed Socratic
School Library
discussion
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 3
Approx. Time Allotment:
Instructional Strategies












-3-
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: B. Business Organizations: Describe the characteristics of the sole
proprietorship. Understand the advantages and disadvantages of the partnership. Describe the structure and
features of the corporation.
PA Standards:
6.1.12 D; 6.2.9 C; 6.2.12 C
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher for
reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of
Successful
Entrepreneurs
Remediation Strategies












Economics, Grades 11 & 12
Page 4
Supplemental
materials
Mini lessons
Differentiated
instructional
assignments
After school extra
help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer
partner/peer tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
-4-
August, 2004
Essential Question, Concept or Theme: C. Demand: Describe and illustrate the concept of demand.
Measure and graph demand. Explain what causes change in demand. Describe the factors that cause a change
in demand. Analyze elasticity and determine responsiveness to elasticity.
PA Standards:
6.2.12 E
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Explain the laws of supply and
Textbooks:
 Department standardized
demand.
Economics, Richard M. Hodgetts
Final Exam
2. Predict how changes in supply and  Teacher developed exams
and Terry L. Smart (Addisondemand affect equilibrium price
Welsley Publishing Company),
 Quizzes- announced and
and quantity sold (6.2.12 E).
1993.
unannounced
3. Draw conclusions based upon
 Essays
charts, graphs, and statistical data.  Research papers and/or
Economics for Everybody, Gerson
4. Interpret charts, graphs, and
Antell and Walter Harris (Amsco
projects
statistical data.
School Publications, Inc.), 2003.
 Oral presentations and/or
debates
Economics: Principles and
 Current event assignments
Practices, Gary E. Clayton, Ph.D.
 Stock Market simulation
(Glencoe/ McGraw-Hill), 2001.
 Homework assignments
 Classroom activities
Other:
 Note taking
Videos
 Class participation
Online Services (especially for
 Book reports
stock quotes)
 Film reviews
Newspapers and Magazines
 Article analysis
School Library
 Teacher directed Socratic
Entrepreneur Biographies
discussion
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 5
Approx. Time Allotment:
Instructional Strategies












-5-
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: C. Demand: Describe and illustrate the concept of demand. Measure
and graph demand. Explain what causes change in demand. Describe the factors that cause a change in
demand. Analyze elasticity and determine responsiveness to elasticity.
PA Standards:
6.2.12 E
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of
Successful
Entrepreneurs
Remediation Strategies












Page 6
Supplemental materials
Mini lessons
Differentiated
instructional assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
-6-
August, 2004
Essential Question, Concept or Theme: D. Supply: Describe and illustrate the concept of supply. Measure
and graph supply. Explain what causes change in supply. Describe the factors that cause a change in supply.
Analyze elasticity and determine responsiveness to elasticity.
PA Standards: 6.2.12 E
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Explain the laws of supply and
Textbooks:
 Department standardized
demand.
Economics, Richard M. Hodgetts
Final Exam
2. Predict how changes in supply
and Terry L. Smart (Addison Teacher developed exams
and demand affect equilibrium
Welsley Publishing Company),
 Quizzes- announced and
price and quantity sold (6.2.12 E)
1993.
unannounced
 Essays
Economics for Everybody, Gerson
 Research papers and/or
Antell and Walter Harris (Amsco
projects
School Publications, Inc.), 2003.
 Oral presentations and/or
debates
Economics: Principles and
 Current event assignments
Practices, Gary E. Clayton, Ph.D.
 Stock Market simulation
(Glencoe/ McGraw-Hill), 2001.
 Homework assignments
 Classroom activities
Other:
 Note taking
Videos
 Class participation
Online Services (especially for
 Book reports
stock quotes)
 Film reviews
Newspapers and Magazines
 Article analysis
School Library
 Teacher directed Socratic
Entrepreneur Biographies
discussion
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 7
Approx. Time Allotment:
Instructional Strategies












-7-
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: D. Supply: Describe and illustrate the concept of supply. Measure
and graph supply. Explain what causes change in supply. Describe the factors that cause a change in supply.
Analyze elasticity and determine responsiveness to elasticity.
PA Standards: 6.2.12 E
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 8
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
-8-
August, 2004
Essential Question, Concept or Theme: E. Market Structures: Explain the characteristics of perfect
competition. Understand the nature of monopolistic competition. Describe the behavior and characteristics of
an oligopoly. Identify types of monopolies. Discuss major antitrust legislation in the United States. Evaluate
the modifications to our free enterprise economy.
PA Standards: 6.5.9 C
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Identify and explain the
Textbooks:
 Department standardized
characteristics of the three types
Economics, Richard M. Hodgetts
Final Exam
of businesses; sole proprietorship,  Teacher developed exams
and Terry L. Smart (Addisonpartnership, corporation (6.5.9 C).  Quizzes- announced and
Welsley Publishing Company),
1993.
unannounced
 Essays
Economics for Everybody, Gerson
 Research papers and/or
Antell and Walter Harris (Amsco
projects
School Publications, Inc.), 2003.
 Oral presentations and/or
debates
Economics: Principles and
 Current event assignments
Practices, Gary E. Clayton, Ph.D.
 Stock Market simulation
(Glencoe/ McGraw-Hill), 2001.
 Homework assignments
 Classroom activities
Other:
 Note taking
Videos
 Class participation
Online Services (especially for
 Book reports
stock quotes)
 Film reviews
Newspapers and Magazines
 Article analysis
School Library
 Teacher directed Socratic
Entrepreneur Biographies
discussion
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 9
Approx. Time Allotment:
Instructional Strategies












-9-
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: E. Market Structures: Explain the characteristics of perfect
competition. Understand the nature of monopolistic competition. Describe the behavior and characteristics of
an oligopoly. Identify types of monopolies. Discuss major antitrust legislation in the United States. Evaluate
the modifications to our free enterprise economy.
PA Standards: 6.5.9 C
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 10
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 10 -
August, 2004
Essential Question, Concept or Theme: F. Employment and Labor: Discuss the development of the labor
movement from the late 1700’s to the 1930’s. Relate labor’s successes during the Great Depression. Describe
major labor developments since World War II. What are the positive and negative aspects of unions today?
Describe the collective bargaining process and methods of resolving disputes. Investigate wage gaps in the
American market place. Describe wage determination.
PA Standards: 6.5.9 C
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Define specialization and the
Textbooks:
 Department standardized
concept of division of labor.
Economics, Richard M. Hodgetts
Final Exam
and Terry L. Smart (Addison Teacher developed exams
Welsley Publishing Company),
 Quizzes- announced and
1993.
unannounced
 Essays
Economics for Everybody, Gerson
 Research papers and/or
Antell and Walter Harris (Amsco
projects
School Publications, Inc.), 2003.
 Oral presentations and/or
debates
Economics: Principles and
 Current event assignments
Practices, Gary E. Clayton, Ph.D.
 Stock Market simulation
(Glencoe/ McGraw-Hill), 2001.
 Homework assignments
 Classroom activities
Other:
 Note taking
Videos
 Class participation
Online Services (especially for
 Book reports
stock quotes)
 Film reviews
Newspapers and Magazines
 Article analysis
School Library
 Teacher directed Socratic
Entrepreneur Biographies
discussion
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 11
Approx. Time Allotment:
Instructional Strategies












- 11 -
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: F. Employment and Labor: Discuss the development of the labor
movement from the late 1700’s to the 1930’s. Relate labor’s successes during the Great Depression. Describe
major labor developments since World War II. What are the positive and negative aspects of unions today?
Describe the collective bargaining process and methods of resolving disputes. Investigate wage gaps in the
American market place. Describe wage determination.
PA Standards: 6.5.9 C
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 12
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 12 -
August, 2004
Essential Question, Concept or Theme: G. Sources of Government Revenue: Understand the principles of
taxation and how taxes are classified. Explain individual and corporate taxation. Differentiate between federal,
state, and local taxation. Explore political issues concerning taxes.
PA Standards: 6.2.12 G, 6.2.12.J
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Evaluate types of tax systems;
Textbooks:
 Department standardized
progressive, proportional,
Economics, Richard M. Hodgetts
Final Exam
regressive (6.2.12.G).
and Terry L. Smart (Addison Teacher developed exams
2. Define fiscal and monetary
Welsley Publishing Company),
 Quizzes- announced and
policy.
1993.
unannounced
3. Evaluate the social, political, and  Essays
economic changes in tax policy
Economics for Everybody, Gerson
 Research papers and/or
using cost benefit analysis
Antell and Walter Harris (Amsco
projects
6.2.12 J).
School Publications, Inc.), 2003.
 Oral presentations and/or
debates
Economics: Principles and
 Current event assignments
Practices, Gary E. Clayton, Ph.D.
 Stock Market simulation
(Glencoe/ McGraw-Hill), 2001.
 Homework assignments
 Classroom activities
Other:
 Note taking
Videos
 Class participation
Online Services (especially for
 Book reports
stock quotes)
 Film reviews
Newspapers and Magazines
 Article analysis
School Library
 Teacher directed Socratic
Entrepreneur Biographies
discussion
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 13
Approx. Time Allotment:
Instructional Strategies












- 13 -
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: G. Sources of Government Revenue: Understand the principles of
taxation and how taxes are classified. Explain individual and corporate taxation. Differentiate between federal, Approx. Time Allotment:
state, and local taxation. Explore political issues concerning taxes.
PA Standards: 6.2.12 G, 6.2.12.J
Multicultural/Interdisciplinary
Adaptations/Inclusion Techniques
Enrichment Strategies
Remediation Strategies
Connection
Instructor may utilize appropriate and inclusion
Connections
with other cultures,
 Web Quests
 Supplemental materials
techniques such as but not limited to:
perspectives, and viewpoints will
 Biographies
 Mini lessons
be developed for each unit as
 Primary Source
 Differentiated
applicable through independent
 Extra help after school
Readings
instructional
research and collaboration with
 Adaptations as listed on IEP
assignments
 Stock Market
staff in other departments.
 Alternate Readings
Simulation Game
 After school extra help
 Interviews of Successful  Test retakes
 Extended Time
Entrepreneurs
 Test Reader
 Reteaching activities
 Oral/modified tests
 Prepared study guides
 Provide advance notice of future assignments
 Visual aids
(Advance Organizers)
 Student checklist for
 Note Taker (classmate, aide, and/or teacher
organization and
for reproduction)
accountability
 Individual Aide
 Frequent teacher
conferencing/check
 Modified Assignments
points
 Alternate Assessments
 Teach to strength/
 Wait Time
learning style
 Peer Tutor
 Strong peer partner/peer
 Preferential Seating
tutoring
Economics, Grades 11 & 12
Page 14
- 14 -
August, 2004
Essential Question, Concept or Theme: H. The Economics and Politics of Government Spending:
Explain how the federal budget is established and the impact of politics. Describe the different sections of the
federal budget. Investigate the economic impact of government spending. Explain the federal deficit and relate
the impact of the national debt on future generations. Determine entitlement programs. Evaluate the growth of
government since World War II.
PA Standards: 6.2.12.C, 6.2.12.I, 6.2.12.J
Aligned Materials/
Benchmark/Skills
Assessment
Resources/Technology
1. Evaluate the political
Textbooks:
 Department standardized
process/legislative process for the
Economics, Richard M. Hodgetts
Final Exam
federal budget.
and Terry L. Smart (Addison Teacher developed exams
2. Analyze policies designed to raise  Quizzes- announced and
Welsley Publishing Company),
or lower interest rates and how
1993.
unannounced
the Federal Reserve Board
Economics for Everybody, Gerson
 Essays
influences interest rates.
Antell and Walter Harris (Amsco
 Research papers and/or
(6.2.12.C)
School Publications, Inc.), 2003.
projects
3. Evaluate government decisions to  Oral presentations and/or
provide public goods. (6.2.12.I)
Economics: Principles and
debates
4. Evaluate the social, political, and
Practices, Gary E. Clayton, Ph.D.
 Current event assignments
economic changes in tax policy
(Glencoe/ McGraw-Hill), 2001.
 Stock Market simulation
using cost/benefit analysis.
 Homework assignments
(6.2.12.J)
Other:
 Classroom activities
Videos
 Note taking
Online Services (especially for
 Class participation
stock quotes)
 Book reports
Newspapers and Magazines
 Film reviews
School Library
 Article analysis
Entrepreneur Biographies
 Teacher directed Socratic
Computer Labs and Carts
discussion
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Economics, Grades 11 & 12
Page 15
Approx. Time Allotment:
Instructional Strategies












- 15 -
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: H. The Economics and Politics of Government Spending:
Explain how the federal budget is established and the impact of politics. Describe the different sections of the
federal budget. Investigate the economic impact of government spending. Explain the federal deficit and relate Approx. Time Allotment:
the impact of the national debt on future generations. Determine entitlement programs. Evaluate the growth of
government since World War II.
PA Standards: 6.2.12.C, 6.2.12.I, 6.2.12.J
Multicultural/Interdisciplinary
Adaptations/Inclusion Techniques
Enrichment Strategies
Remediation Strategies
Connection
Instructor may utilize appropriate and inclusion
 Web Quests
 Supplemental materials Connections with other cultures,
techniques such as but not limited to:
perspectives, and viewpoints will
 Biographies
 Mini lessons
be developed for each unit as
 Primary Source
 Differentiated
applicable through independent
 Extra help after school
Readings
instructional
research and collaboration with
 Adaptations as listed on IEP
assignments
 Stock Market
staff in other departments.
 Alternate Readings
Simulation Game
 After school extra help
 Interviews of Successful  Test retakes
 Extended Time
Entrepreneurs
 Test Reader
 Reteaching activities
 Oral/modified tests
 Prepared study guides
 Provide advance notice of future assignments
 Visual aids
(Advance Organizers)
 Student checklist for
 Note Taker (classmate, aide, and/or teacher
organization and
for reproduction)
accountability
 Individual Aide
 Frequent teacher
conferencing/check
 Modified Assignments
points
 Alternate Assessments
 Teach to strength/
 Wait Time
learning style
 Peer Tutor
 Strong peer partner/peer
 Preferential Seating
tutoring
Economics, Grades 11 & 12
Page 16
- 16 -
August, 2004
Essential Question, Concept or Theme: I. Money and banking: What are the main functions and
characteristics of money? Explain the evolution of banking and the impact of bank failures during the Great
Depression. Describe the S & L crisis of the 1980s.
Approx. Time Allotment:
PA Standards: 6.2.12.C, 6.2.12.L, 6.1.12.D
Benchmark/Skills
1. State the main functions and
characteristics of money and how
they developed in American society.
2. Explain the evolution of banking
and the impact of bank failures during
the Great Depression.
3. Describe the S & L crisis of the
1980s.
4. Analyze policies designed to raise
or lower interest rates and how the
Federal Reserve Board influences
interest rates. (6.2.12.C)
5. Analyze how policies and
international events may change
exchange rates. (6.2.12.L.)
6. Describe historical examples of
expansion, recession, and depression
internationally. (6.1.12.D)
Assessment
















Economics, Grades 11 & 12
Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 17
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Instructional Strategies












Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
- 17 -
August, 2004
Essential Question, Concept or Theme: I. Money and banking: What are the main functions and
characteristics of money? Explain the evolution of banking and the impact of bank failures during the Great
Depression. Describe the S & L crisis of the 1980’s.
Approx. Time Allotment:
PA Standards: 6.2.12.C, 6.2.12.L, 6.1.12.D
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 18
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 18 -
August, 2004
Essential Question, Concept or Theme: J. Financial Markets: Describe the major stock exchanges and how
the performance of stocks and bonds depends on a variety of factors. Identify investment strategies. Describe
the characteristics of bonds and financial assets. Master investment research on the internet.
Approx. Time Allotment:
PA Standards: 6.5.9 G, 6.5.12 G
Benchmark/Skills
1. Explain the differences among
stocks, bonds, and mutual funds
(6.5.9 G).
2. Analyze the risks and returns of
various investments, including
stocks, bonds, mutual funds,
savings bonds, retirement savings
(Individual Retirement Account
[IRA], Keogh, 401K), savings
accounts (passbook, certificate of
deposit). (6.5.12 G)
Assessment
















Economics, Grades 11 & 12
Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 19
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Instructional Strategies












Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
- 19 -
August, 2004
Essential Question, Concept or Theme: J. Financial Markets: Describe the major stock exchanges and how
the performance of stocks and bonds depends on a variety of factors. Identify investment strategies. Describe
the characteristics of bonds and financial assets. Master investment research on the internet.
PA Standards:
6.5.9 G, 6.5.12.G
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Approx. Time Allotment:
Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 20
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer
partner/peer tutoring
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will be
developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 20 -
August, 2004
Essential Question, Concept or Theme: K. Economic Performance: Explain how Gross Domestic Product
is measured (GDP). Understand the importance of GDP. Explain how a price index is constructed. Relate
population and productivity to economic growth.
Approx. Time Allotment:
PA Standards: 6.1.12.B, 6.2.12.A, 6.4.12.B, 6.4.12.D, 6.4.12 E
Benchmark/Skills
1. Analyze the impact of traditional,
command and market economies on
the United States economy.
(6.1.12.B)
2. Analyze the flow of products,
resources and money in a mixed
economy. (6.2.12.A)
3. Analyze the relationships between
trade, competition and productivity,
(6.4.12.B)
4. Explain how the location of
resources, transportation and
communication networks and
technology have affected
international economic patterns.
(6.4.12.D)
5. Analyze how United States
consumers and producers participate
in the global production and
consumption of goods or services.
(6.4.12.E)
Economics, Grades 11 & 12
Assessment
















Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 21
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Instructional Strategies












Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
- 21 -
August, 2004
Essential Question, Concept or Theme: K. Economic Performance: Explain how Gross Domestic Product is
measured (GDP). Understand the importance of GDP. Explain how a price index is constructed. Relate
population and productivity to economic growth.
Approx. Time Allotment:
PA Standards: 6.1.12.B, 6.2.12.A, 6.4.12.B, 6.4.12.D, 6.4.12 E
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 22
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 22 -
August, 2004
Essential Question, Concept or Theme: L. Economic Stability: Explain the phases of the business cycle and
identify five causes for cyclical activity. Investigate the nature of unemployment and how it is measured by the
Bureau of Labor and Statistics. Analyze inflation and its consequences. Research poverty in the United States Approx. Time Allotment:
and the Distribution of Wealth. Research antipoverty programs and evaluate effectiveness. Discuss the
reasons for the inequality of income.
PA Standards:
6.5.12 E, 6.5.12.A
Benchmark/Skills
1. Analyze the problems inherent in
capitalism and the distribution of
wealth in the United States.
2. Compare the distribution of
wealth across nations. (6.5.12.E)
3. Analyze the factors influencing
wages (demand for goods and
services produced, labor unions,
productivity, education/skills)
(6.5.12.A)
Assessment
















Economics, Grades 11 & 12
Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 23
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Instructional Strategies












- 23 -
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: L. Economic Stability: Explain the phases of the business cycle and
identify five causes for cyclical activity. Investigate the nature of unemployment and how it is measured by the
Bureau of Labor and Statistics. Analyze inflation and its consequences. Research poverty in the United States Approx. Time Allotment:
and the Distribution of Wealth. Research antipoverty programs and evaluate effectiveness. Discuss the
reasons for the inequality of income.
PA Standards: 6.5.12 E, 6.5.12.A
Multicultural/Interdisciplinary
Adaptations/Inclusion Techniques
Enrichment Strategies
Remediation Strategies
Connection
Instructor may utilize appropriate and inclusion
 Web Quests
 Supplemental materials Connections with other cultures,
techniques such as but not limited to:
perspectives, and viewpoints will
 Biographies
 Mini lessons
be developed for each unit as
 Primary Source
 Differentiated
applicable through independent
 Extra help after school
Readings
instructional
research and collaboration with
 Adaptations as listed on IEP
assignments
 Stock Market
staff in other departments.
 Alternate Readings
Simulation Game
 After school extra help
 Interviews of Successful  Test retakes
 Extended Time
Entrepreneurs
 Test Reader
 Reteaching activities
 Oral/modified tests
 Prepared study guides
 Provide advance notice of future assignments
 Visual aids
(Advance Organizers)
 Student checklist for
 Note Taker (classmate, aide, and/or teacher
organization and
for reproduction)
accountability
 Individual Aide
 Frequent teacher
conferencing/check
 Modified Assignments
points
 Alternate Assessments
 Teach to strength/
 Wait Time
learning style
 Peer Tutor
 Strong peer partner/peer
 Preferential Seating
tutoring
Economics, Grades 11 & 12
Page 24
- 24 -
August, 2004
Essential Question, Concept or Theme: M. The Federal Reserve System: Describe the structure of the
Federal Reserve System. Explain the major regulatory responsibilities. Assess monetary policy. Understand
Approx. Time Allotment:
the tools used to conduct monetary policy. Identify the relationship between monetary policy and interest rates.
PA Standards:
6.2.9 C; 6.2.12 C
Benchmark/Skills
1. Explain the function and purpose
of the Federal Reserve System
(6.2.9 C).
2. Analyze policies designed to raise
or lower interest rates and how
the Federal Reserve Board
influences interest rates
(6.2.12 C).
Assessment
















Economics, Grades 11 & 12
Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 25
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Instructional Strategies
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








Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
- 25 -
August, 2004
Essential Question, Concept or Theme: M. The Federal Reserve System: Describe the structure of the
Federal Reserve System. Explain the major regulatory responsibilities. Assess monetary policy. Understand
Approx. Time Allotment:
the tools used to conduct monetary policy. Identify the relationship between monetary policy and interest rates.
PA Standards:
6.2.9 C; 6.2.12 C
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 26
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 26 -
August, 2004
Essential Question, Concept or Theme: N. International Trade: Explain the Global Economy. Describe the
basis for international trade. Cite main arguments for and against protectionism. Describe the main problems
associated with trade deficits.
Approx. Time Allotment:
PA Standards: 6.4.12 B; 6.4.12 F; 6.4.12 C
Benchmark/Skills
1. Analyze the relationships between
trade, competition, and
productivity (6.4.12 B).
2. Evaluate how trade is influenced
by comparative advantage and
opportunity costs (6.4.12 F).
3. Evaluate the positive and negative
effect to a nation from lowering
or removing trade barriers
(6.4.12 C).
Assessment
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










Economics, Grades 11 & 12
Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 27
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Instructional Strategies












Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
- 27 -
August, 2004
Essential Question, Concept or Theme: N. International Trade: Explain the Global Economy. Describe the
basis for international trade. Cite main arguments for and against protectionism. Describe the main problems
associated with trade deficits.
Approx. Time Allotment:
PA Standards: 6.4.12 B; 6.4.12 F; 6.4.12 C
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 28
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 28 -
August, 2004
Essential Question, Concept or Theme: O. Comparative Economic Systems: Explain advantages and
disadvantages of capitalism. Describe the differences among the doctrines of capitalism, socialism, and
communism. Decipher the hopes of a centrally planned economy and the actual practice. Evaluate the positive
and negative aspects of modern socialist democracies. Recognize the problems of developing countries and a
lack of regulation agencies. Discuss the ultimate demise and decline of communism in Eastern Europe.
Approx. Time Allotment:
PA Standards: 6.1.12.C, 6.3.12.C, 6.3.12 F, 6.4.12.D, 6.5.12 E
Benchmark/Skills
1. Assess the strength of the regional,
national and/or international economy
and compare it to another time period
based upon economic indicators.
(6.1.12.C)
2. Analyze actions taken as a result of
scarcity issues in the regional,
national and international economies.
(6.3.12.C)
3. Evaluate in terms of marginal
analysis how incentives influence
decisions of consumers, producers
and policy makers. (6.3.12.F)
4. Explain how the location of
resources, transportation and
communication networks and
technology have affected
international economic patterns.
(6.4.12.D)
5. Compare the distribution of wealth
across nations. (6.5.12.E)
Economics, Grades 11 & 12
Assessment
















Department standardized
Final Exam
Teacher developed exams
Quizzes- announced and
unannounced
Essays
Research papers and/or
projects
Oral presentations and/or
debates
Current event assignments
Stock Market simulation
Homework assignments
Classroom activities
Note taking
Class participation
Book reports
Film reviews
Article analysis
Teacher directed Socratic
discussion
Page 29
Aligned Materials/
Resources/Technology
Textbooks:
Economics, Richard M. Hodgetts
and Terry L. Smart (AddisonWelsley Publishing Company),
1993.
Economics for Everybody, Gerson
Antell and Walter Harris (Amsco
School Publications, Inc.), 2003.
Economics: Principles and
Practices, Gary E. Clayton, Ph.D.
(Glencoe/ McGraw-Hill), 2001.
Other:
Videos
Online Services (especially for
stock quotes)
Newspapers and Magazines
School Library
Entrepreneur Biographies
Computer Labs and Carts
Simulation Games
Local Business Community Guest
Speakers
Nightly News Programs
Regional Federal Reserve
Instructional Strategies












- 29 -
Lecture
Note-Taking
Homework assignments
Textbook readings
Article Readings
Stock Market Analysis
Essay Writing
Political Cartoon Analysis
Discussions and Debates
Internet Research
Analysis of Graphs and Charts
Video Learning Activities
August, 2004
Essential Question, Concept or Theme: O. Comparative Economic Systems: Explain advantages and
disadvantages of capitalism. Describe the differences among the doctrines of capitalism, socialism, and
communism. Decipher the hopes of a centrally planned economy and the actual practice. Evaluate the positive
and negative aspects of modern socialist democracies. Recognize the problems of developing countries and a
lack of regulation agencies. Discuss the ultimate demise and decline of communism in Eastern Europe.
PA Standards: 6.1.12.C, 6.3.12.C, 6.3.12 F, 6.4.12.D, 6.5.12 E
Adaptations/Inclusion Techniques
Instructor may utilize appropriate and inclusion
techniques such as but not limited to:














Extra help after school
Adaptations as listed on IEP
Alternate Readings
Extended Time
Test Reader
Oral/modified tests
Provide advance notice of future assignments
(Advance Organizers)
Note Taker (classmate, aide, and/or teacher
for reproduction)
Individual Aide
Modified Assignments
Alternate Assessments
Wait Time
Peer Tutor
Preferential Seating
Economics, Grades 11 & 12
Enrichment Strategies





Web Quests
Biographies
Primary Source
Readings
Stock Market
Simulation Game
Interviews of Successful
Entrepreneurs
Remediation Strategies












Page 30
Supplemental materials
Mini lessons
Differentiated
instructional
assignments
After school extra help
Test retakes
Reteaching activities
Prepared study guides
Visual aids
Student checklist for
organization and
accountability
Frequent teacher
conferencing/check
points
Teach to strength/
learning style
Strong peer partner/peer
tutoring
Approx. Time Allotment:
Multicultural/Interdisciplinary
Connection
Connections with other cultures,
perspectives, and viewpoints will
be developed for each unit as
applicable through independent
research and collaboration with
staff in other departments.
- 30 -
August, 2004