Semester Economics
2nd Quarter Plan
 Supply & Demand- understand the relationship between price, quantity supplied, and
quantity demanded. Understand and apply the determinants that shift the Supply and
Demand Curves.
o I will examine the law of demand by uncovering evidence of the law in my own
life.
o I will create my own demand schedule and graph my own demand curve.
o I will examine the law of supply by uncovering evidence of the law in my own life.
o We will list the determinants of demand (TRIBE) and supply (OTTERS).
o We will explain how each of the demand and supply determinants cause their
curves to shift.
 Markets, Equilibrium, & Priceso I will understand how to determine market equilibrium.
o I will be able to find equilibrium price using a supply-and-demand graph.
o I will distinguish between the demand and supply determinants to determine
equilibrium price and quantity when demand or supply shift
 Market Structures- Perfect Competition, Monopolistic Competition, Oligopoly, and
Monopoly
o I will understand the characteristics of competitive and uncompetitive markets.
o I will describe the effects of competition on producers, sellers, and consumers
o I will explain how Externalities and Public Goods are examples of Market Failure
o I will describe the effects of competition on producers, sellers, and consumers.
 Money- three functions and six characteristics of money.
o I will understand the three major functions and six characteristics of money.
o I will explain the function of banks and how they make money.
o I will evaluate various “client profiles” and determine the best savings plan for
each individual.
o I will understand the pros and cons of various banking situations.
o I will create my own savings plan.
 OTTW Project, Post-High School Blueprint
o Students will make a decision about whether attending college is the best choice
for them and justify their choice.
o Students will create a presentation that compares all of the costs and all of the
benefits of a college education.
 Business Organizations- Sole proprietorship, Partnership, Corporation, Franchise, and
Nonprofit.
o We will compare the costs and benefits of different forms of business
organizations, including sole proprietorship, partnership, corporation, franchise,
and nonprofit.
o I will present information on one business organization to the class.
 Government & the Economy
o We will demonstrate knowledge of the role of government in a market economy
by providing examples of government regulation in the economy.
o We will relate our knowledge of the 7 economic goals to explain the role of
government in our market economy.