12th Economics Syllabus
Mr. Monson
COURSE OVERVIEW:
Economics is a one-semester required course for students in Grade 12 that
addresses essential concepts necessary for students to completely and effectively
participate in a complex global society. Content encompasses both
microeconomic and macroeconomic principles. Key elements include the study of
scarcity, supply and demand, market structures, the role of government, national
income determination, money and the role of financial institutions, economic
stabilization, and trade. Students use knowledge and critical-thinking skills
learned in previous social studies courses to analyze issues and problems and
contemporary economic systems. They examine consequences of public policies
and their impact on a free market economy. Mastering economics knowledge and
skills enables students to anticipate changes in economic conditions and take
appropriate action to improve not only their lives, but also society in general.
Students in Grade 12 are developmentally capable of sophisticated
analytical thinking and are active participants in the current economy as
consumers, employees, or both. Instruction that combines required content and
effective strategies encourages students to develop skills for understanding how
economies function, recognizing economic and social problems, and evaluating
costs and benefits of choices. Instructional activities address decisions made
regarding public policy, including their impact on current economic issues. Grade
12 economics instruction includes an analysis of primary sources and economic
data, economic research using technological resources, group presentations using
computer technology, and other active learning opportunities.
COMMON CORE STANDARDS TO BE ADDRESSED:
Key Ideas and Details

CCSS.ELA-Literacy.RH.11-12.1 Cite specific textual evidence to support analysis of primary and
secondary sources, connecting insights gained from specific details to an understanding of the
text as a whole.

CCSS.ELA-Literacy.RH.11-12.2 Determine the central ideas or information of a primary or
secondary source; provide an accurate summary that makes clear the relationships among the
key details and ideas.

CCSS.ELA-Literacy.RH.11-12.3 Evaluate various explanations for actions or events and
determine which explanation best accords with textual evidence, acknowledging where the text
leaves matters uncertain.
Craft and Structure

CCSS.ELA-Literacy.RH.11-12.4 Determine the meaning of words and phrases as they are used
in a text, including analyzing how an author uses and refines the meaning of a key term over the
course of a text (e.g., how Madison defines faction in Federalist No. 10).

CCSS.ELA-Literacy.RH.11-12.5 Analyze in detail how a complex primary source is structured,
including how key sentences, paragraphs, and larger portions of the text contribute to the whole.

CCSS.ELA-Literacy.RH.11-12.6 Evaluate authors’ differing points of view on the same historical
event or issue by assessing the authors’ claims, reasoning, and evidence.
Integration of Knowledge and Ideas

CCSS.ELA-Literacy.RH.11-12.7 Integrate and evaluate multiple sources of information presented
in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to
address a question or solve a problem.

CCSS.ELA-Literacy.RH.11-12.8 Evaluate an author’s premises, claims, and evidence by
corroborating or challenging them with other information.

CCSS.ELA-Literacy.RH.11-12.9 Integrate information from diverse sources, both primary and
secondary, into a coherent understanding of an idea or event, noting discrepancies among
sources.
Range of Reading and Level of Text Complexity

CCSS.ELA-Literacy.RH.11-12.10 By the end of grade 12, read and comprehend history/social
studies texts in the grades 11–CCR text complexity band independently and proficiently.
The preceding standards were taken from the following website:
http://www.corestandards.org/ELA-Literacy/RH/11-12
Topics to be addressed: The following are the topics that will be covered in
the semester of American Government.
Week1-2: Basic Economic Concepts
Week 3-4: Demand
Week 5-6: Supply
Week 7-8: Production
Week 9-10: Market Forces
Week 11-12: Business Organization
Week13-14: Economic Performance
Week 15-16: Fiscal Policy
Week 17-18: Comparative Economics and Exam Review
*** This is plan is subject to change based on needs of the class. ***
Grading Scale and Weights:
The grading scale for this course is designed within the Social Science
Department framework. This course uses a graduated weighting system, which
places more work on the test portion of the course. This is done in order to help
prepare student for the undergraduate college experience. Grades and weighting
are as follows:
TESTS: 60 %
CLASSWORK/ DAILY WORK/ QUIZZES: 30 %
CLASS PARTICIPATION/HOMEWORK: 10%