TFSD Unwrapped Standard
Grade 12 – Macro Economics
Power Standard (s) Reference: Standard 3 – Describe & illustrate the impact of governmental
policies & market decisions on economic systems
State Standard: 755.01 a i, ii-b i, ii; 347.01 a; 347.02 b; 347.03 a; 351.03a I; 352.01 a; 505.1 b
iii; 510.01 g i, iii; 489.01 a i, ii, iii; 513.01 e; 752.01 b, d, e f; 753.01 a, c; 753.02 a, d; 495.01 b;
512.01 b; 511.01 b ii; 755.01 a i, ii-b ii
District Standard:
TFSD Power Standard: Standard 3 – Describe & illustrate the impact of governmental policies
& market decisions on economic systems
Students
Concepts: Need to know about (Nouns)
 Regulations
 Employment
 Global Competition
 Anti-trust legislation
 Society
 Trade Restrictions
 Tariffs/Quotas
 Trade Surplus & Deficit
Skills: Be able to do (Verb Phrases)
 Explain
 Define
 Discuss
 Calculate
 Debate
Identifying Big Ideas from Unwrapped Standards:
1.
Identify the effect of regulations on business and society
2.
Contrast the difference between full and zero unemployment and explain their
characteristics
3.
Analyze and describe the market effects NAFTA, WTO, have on global competition
4.
Identify factors that require govt. intervention and regulations
5.
Identify and evaluate trade barriers
Essential Questions from Big Ideas to Guide Instruction and Assessment:
1.
How do government regulations affect the marketplace?
2.
When is it necessary for the government to intervene and regulate the marketplace?
3.
Why does the United States trade with other nations?
4.
Is unemployment good for the economy?
Possible Topics or Context: (what you will use to teach the concepts and skills-particular
unit, lessons or activities)
 Video, discussion, research, internet, newspapers
