A L I E F
Independent
School District
Grade 12 Economics
Unit 1: Introduction to Economics
Time: 2.5 Weeks
Hook ideas here!
Universal
Generalizations
Scarcity forces people to
make choices.
Social Studies Pacing Guide
Developed 2007
Line ideas here!
Revised 2011
Sinker ideas here!
Unit Understandings
TEKS
Topics/Content
Unit Questions
Because productive
resources are limited, people
(and societies) must choose
which goods and services
they will produce.
1(A) explain why scarcity and choice
are basic economic problems faced by
every society
Scarcity
Factors of Production
Choice and Opportunity Cost
Production Possibilities
Frontier
Circular Flow Model
Why can’t we have all the
things we want? How do
we cope with this problem?



Text, Ch. 1, Sec. 1-3
Text, Ch. 2, Sec. 4
Focus: High School
Economics - Lesson 1: Choice,
Opportunity Cost and
Decisions (Virtual Economics)
Does a society’s culture
affect its economic
decisions?


Text, Ch. 2, Sec. 1-3
Focus: High School
Economics -Lesson 2: Who
Decides? (Virtual Economics)
Online resources to evaluate
various charities:

Charity Navigator

Library Spot
1(C) describe the economic factors of
production
1(D) interpret a production-possibilities
curve and explain the concepts of
opportunity costs and scarcity.
8(A) interpret the roles of resource
owners and firms in a circular-flow
model of the economy and provide
real-world examples to illustrate
elements of the model
Resources
vocabulary:
scarcity; factors of
production; opportunity cost;
production possibilities
frontier; circular flow model;
households, business, land;
labor, capital;
entrepreneurship; tradeoffs
8(B) explain how government actions
affect the circular-flow model
8(C) explain how the circular-flow
model is affected by the rest of the
world.
21(B) create economic models,
including production-possibilities
curves, circular-flow charts, and supplyand-demand graphs, to analyze
economic concepts or issues
Different societies are
organized in different
ways.
Different economic systems
organize the production and
distribution of goods and
services in different ways,
based on societal values.
1(B) describe how societies answer the
basic economic questions
5(B) compare the free enterprise
system, socialism, and communism
using the basic characteristics of
economic systems
5(C) examine current examples of free
enterprise, socialist, and communist
economic systems
5(D) understand that the terms free
enterprise, free market, and capitalism
are synonymous terms to describe the
Alief ISD 2011
Economic Questions
Economic Values
Economic Goals
Economic Systems
vocabulary:
tradition, command, and
market economies; economic
stability; economic growth;
economic equity; charitable
giving

U.S. economic system
6(D) analyze the costs and benefits of
U. S. economic policies related to the
economic goals of economic growth,
stability, full employment, freedom,
security, equity (equal opportunity
versus equal outcome), and efficiency.
11(A) analyze how productivity relates
to growth
11(B) analyze how technology relates
to growth
11(C) analyze how trade relates to
growth.
19(D) evaluate the costs and benefits
of charitable giving
Even free societies need
some regulation to
preserve order and
prevent chaos.
American producers and
consumers are free to make
economic decisions within an
orderly system regulated by
government.
6(A) explain the basic characteristics of
the U.S. free enterprise system,
including private property, incentives,
economic freedom, competition, and
the limited role of government
6(B) explain the benefits of the U.S.
free enterprise system, including
individual freedom of consumers and
producers, variety of goods, responsive
prices, investment opportunities, and
the creation of wealth
7(A) analyze the cost and benefits of
the purchase, use, or disposal of
personal and business property
7(B) identify and evaluate examples of
restrictions that the government places
on the use of business and individual
property
14(A) identify economic concepts in the
U.S. Constitution, including property
rights and taxation
14(B) describe the role of government
in the U.S. free enterprise system and
the changes in that role over time
14(C) evaluate government rules and
regulations in the U.S. free enterprise
system.
Alief ISD 2011
The American Free
Enterprise System
vocabulary:
free enterprise; profit;
voluntary exchange;
private property;
competition
Which is most important to
the success of the
American economy,
freedom or order?


Text, Ch. 3, Sec. 1-3
Master Curriculum Guide:
Economics and
Entrepreneurship – Lesson 17:
Economics and Government
Intervention (Virtual
Economics)
A L I E F
Independent
School District
Grade 12 Economics
Unit 2: Demand, Supply, and Price
Time: 3 Weeks
Hook ideas here!
Universal
Generalizations
People try to use their
resources to the best
advantage.
Social Studies Pacing Guide
Developed 2007
Line ideas here!
Sinker ideas here!
Unit Understandings
Generally, consumers are
willing to buy more of an item
at a low price than a high
price.
TEKS
Topics/Content
2(A) understand the effect of changes
in price on the quantity demanded and
quantity supplied
Law of Demand
Graphing Demand
Change in Quantity
Demanded
Demand Elasticity/Inelasticity
2(C) interpret a supply-and-demand
graph using supply-and-demand
schedules
21(B) create economic models,
including production-possibilities
curves, circular-flow charts, and supplyand-demand graphs, to analyze
economic concepts or issues
Unit Questions
How much does price
matter to consumers?
Resources



vocabulary:
demand; quantity demanded;
law of demand; demand
curve: elasticity of demand;
inelasticity of demand;
inverse relationship


People try to use their
resources to the best
advantage.
Generally, producers are
willing to sell more of an item
at a high price than a low
price.
2(A) understand the effect of changes
in price on the quantity demanded and
quantity supplied
2(C) interpret a supply-and-demand
graph using supply-and-demand
schedules
21(B) create economic models,
including production-possibilities
curves, circular-flow charts, and supplyand-demand graphs, to analyze
economic concepts or issues
Systems naturally seek
balance.
Alief ISD 2011
Revised 2011
In any free market, prices are
set by the interaction of
2(A) understand the effect of changes
in price on the quantity demanded and
Law of Supply
Graphing Supply
Supply Elasticity/Inelasticity
Change in supply
Change in quantity supplied
How much does price
matter to producers?

vocabulary:
supply; quantity supplied; law
of supply; supply curve:
elasticity of supply;
inelasticity of supply; direct
relationship
Markets
Graphing Equilibrium



How are the prices of
goods and services

Text, Ch. 4, Sec. 1-2
Mathematics & Economics:
Connections for Life - 9-12 –
Lesson 1: The Nature of
Demand (Virtual Economics)
Entrepreneurship in the U.S.
Economy: Teacher Resource
Manual – Lesson 10: The
Nature of Consumer Demand
(Virtual Economics)
Master Curriculum Guide:
Economics and
Entrepreneurship –Lesson 9:
How Much Are Consumers
Willing to Pay? (Virtual
Economics)
Focus: High School
Economics – Lesson 7: Price
Changes Matter (Virtual
Economics)
Text, Ch. 5, Sec. 1-2
Mathematics & Economics:
Connections for Life - 9-12 –
Lesson 2: The Nature of
Supply (Virtual Economics)
Master Curriculum Guide:
Economics and
Entrepreneurship –Lesson 10:
How Much Should I Produce?
(Supply) (Virtual Economics)
Entrepreneurship in the U.S.
Economy: Teacher Resource
Manual – Lesson 13: What
Causes Entrepreneurs to
Change the Quantity of goods
and Services Offered for Sale?
(Virtual Economics)
Text, Ch. 6, Sec. 1-2
producers and consumers.
quantity supplied
Surplus and Shortage
2(C) interpret a supply-and-demand
graph using supply-and-demand
schedules
vocabulary:
equilibrium price; surplus;
shortage; price ceilings;
price floors;
determined?


21(B) create economic models,
including production-possibilities
curves, circular-flow charts, and supplyand-demand graphs, to analyze
economic concepts or issues




Systems adapt to
change.
Changes in demand or
supply will cause prices to
change.
2(B) identify the non-price determinants
that create changes in supply and
demand, which result in a new
equilibrium price
21(B) create economic models,
including production-possibilities
curves, circular-flow charts, and supplyand-demand graphs, to analyze
economic concepts or issues
Alief ISD 2011
Change in Demand
Change in Supply
Changes in Equilibrium
Determinants of
demand/supply
vocabulary:
Change in demand; Change
in Supply; Changes in
Equilibrium; Determinants of
demand; Determinants of
supply
Why do prices change?





Capstone: Exemplary Lessons
for High School Economics –
Teacher’s Guide – Unit 2,
Lesson 10: Equilibrium Prices
and Equilibrium Quantities
(Virtual Economics)
Capstone: Exemplary Lessons
for High School Economics –
Teacher’s Guide – Unit 2,
Lesson 14: Price Ceilings and
Floors (Virtual Economics)
Focus: High School
Economics – Lesson 6: Price
Controls – Too High or Too
Low (Virtual Economics)
Entrepreneurship in the U.S.
Economy: Teacher Resource
Manual – Lesson 14:
Entrepreneurs and Equilibrium
(Virtual Economics)
United States History: Eyes on
the Economy – Lesson 3: The
Hula Hoop Market of 1958
(Virtual Economics)
Master Curriculum Guide:
Economics and
Entrepreneurship – Lesson 11:
What’s the Right Price?
(Virtual Economics)
Text, Ch. 4, Sec. 3
Text, Ch. 5, Sec. 3
Text, Ch. 6, Sec. 2
Entrepreneurship in the U.S.
Economy: Teacher Resource
Manual – Lesson 11: What
Causes Changes in Consumer
Demand (Virtual Economics)
A L I E F
Independent
School District
Grade 12 Economics
Unit 3: Business Organizations, the Stock Markets and Competition
Time: 2.5 Weeks
Hook ideas here!
Universal
Generalizations
People choose forms of
organization that help
them meet their needs.
Line ideas here!
Social Studies Pacing Guide
Developed 2007
Revised 2011
Sinker ideas here!
Unit Understandings
TEKS
Entrepreneurs choose the
form of business organization
most likely to bring the
greatest profit at the lowest
risk.
Topics/Content
16(A) explain the characteristics of sole
proprietorships, partnerships, and
corporations;

16(B) analyze the advantages and
disadvantages of sole proprietorships,
partnerships, and corporations

16(C) analyze the economic rights and
responsibilities of businesses, including
those involved in starting a small
business

Risks and Rewards of
Starting a Business
Forms of Business
Organization
Types of Bankruptcy
Unit Questions
Why do some businesses
succeed and others fail?
Resources




vocabulary:
sole proprietorship;
partnership; corporation;
stock; franchise; limited
liability; unlimited life

17(B) explain how the amount of
savings in an economy is the basis of
capital formation
Text, Ch. 3, sec. 1, pp. 53
Text, Ch. 8, Sec. 1-3
Master Curriculum Guide:
Economics and
Entrepreneurship – Lesson 13:
What Type of Business Should
I Start? (Virtual Economics)
Master Curriculum Guide:
Economics and
Entrepreneurship – Lesson 12:
Profits and Entrepreneurship
(Virtual Economics)
Focus: Institutions and
Markets – Lesson 3: Business
Organizations (Virtual
Economics)
17(C) analyze the role of interest and
risk in allocating savings to its most
productive use
The most successful
competitors tend to be
the most attractive or
have the fewest
competitors.
The extent to which a product
successfully competes with
others is influenced by its
uniqueness and the number
of competitors.
9(A) describe characteristics and give
examples of pure competition,
monopolistic competition, oligopoly,
and monopoly
9(B) identify and evaluate ordinances
and regulations that apply to the
establishment and operation of various
types of businesses
People expect a return in
exchange for something
of value.
Alief ISD 2011
Stock and bond markets
provide capital to businesses
and allow investors to earn a
return on their money.
Role of Competition
Forms and Types of
Competition
Business Combinations
Role of Government in
Regulating Business
Why do some products
succeed and others fail?

vocabulary:
competition; pure
competition; monopolistic
competition; oligopoly;
monopoly; trust
17(A) explain the functions of financial
institutions and how they affect
households and businesses
Financial Markets

Stock Market

Bonds
17(D) examine the types of accounts
available to consumers from financial
institutions and the risks, monetary
costs, and benefits of maintaining these
accounts
Being a Prudent Investor in
the Stock Market
vocabulary:
investment, equity, dividends


Who benefits from
investment?


Text, Ch. 7, Sec. 1-4
Focus: High School
Economics – Lesson 14:
When There Isn’t Pure
Competition (Virtual
Economics)
Master Curriculum Guide:
Economics and
Entrepreneurship – Lesson 15:
Competitive Markets (Virtual
Economics)
Text, Ch. 11, Sec. 1-3
Learning, Earning and
Investing: High School –
Lesson 17: How Financial
Institutions Help Business
Grow (Virtual Economics)
18(A) assess ways to be a wise
investor in the stock market and in
other personal investment options
18(B) explain how to begin a savings
program
18(C) examine investment options
available in a personal retirement plan
Alief ISD 2011
A L I E F
Independent
School District
Grade 12 Economics
Measuring the Aggregate Economy: Business Cycle, Inflation and
Unit 4:
Unemployment
Time: 2 Weeks
Hook ideas here!
Universal
Generalizations
Data collected over time
can show patterns.
Line ideas here!
Social Studies Pacing Guide
Developed 2007
Sinker ideas here!
Unit Understandings
TEKS
The business cycle reflects
changes in the overall level of
economic activity.
Topics/Content
10(A) interpret economic data,
including unemployment rate, gross
domestic product, gross domestic
product per capita as a measure of
national wealth, and rate of inflation
GDP: Real vs. Nominal
Aggregate Demand
Aggregate Supply
Business Cycle
Economic Indicators
10(B) analyze business cycles using
key economic indicators
vocabulary:
expansion, peak, contraction,
trough, recession, depression
Unit Questions
Are their predictable
patterns in the economy?
Resources




Changes in one area
often create changes in
other areas.
Fluctuations in the stability of
the national economy can
enhance or threaten the
achievement of stable prices
and full employment.
10(A) interpret economic data,
including unemployment rate, gross
domestic product, gross domestic
product per capita as a measure of
national wealth, and rate of inflation
10(B) analyze business cycles using
key economic indicators
Alief ISD 2011
Revised 2011
Inflation
Full Employment
Unemployment
vocabulary:
types of unemployment:
cyclical, frictional, seasonal,
structural; consumer price
index, cost push, demand pull
Is it important for us to be
able to recognize and
predict patterns in the
economy?


Text, Ch. 12, Sec. 1-3
Capstone: Exemplary Lessons
for High School Economics –
Unit 6, Lesson 38: Aggregate
Demand and Aggregate
Supply (Virtual Economics)
Focus: High School
Economics – Lesson 18:
Economic Ups and Downs
(Virtual Economics)
Entrepreneurship in the U.S.
Economy – Lesson 33:
Changing Economic
Conditions Affect
Entrepreneurs (Virtual
Economics)
Text, Ch. 13, Sec. 1-2
Economics in Action: 14
Greatest Hits for Teaching
High School Economics –
Lesson 11: Money and
Inflation (Virtual Economics)
A L I E F
Independent
School District
Grade 12 Economics
Unit 5: Banking, The Fed and Monetary Policy
Time: 3 Weeks
Hook ideas here!
Universal
Generalizations
Institutions evolve to help
individuals and groups
accomplish their goals.
Social Studies Pacing Guide
Developed 2007
Line ideas here!
Revised 2011
Sinker ideas here!
Unit Understandings
TEKS
Banks provide opportunities
to help consumers to manage
their money, borrow, save,
and invest.
12 (C) examine the positive and
negative aspects of barter, currency,
credit cards, and debit cards
Topics/Content


18(D) demonstrate how to maintain a
checking account, including balancing
a checkbook or reconciling a bank
statement
18(E) identify the types of loans
available to consumers
18(F) explain the responsibilities and
obligations of borrowing money


Understanding interest,
avoiding and eliminating
credit card debt
The types of bank
accounts available to
consumers and the
benefits of maintaining a
bank account
Balancing a check book
The types of loans
available to consumers
and becoming a low-risk
borrower
Unit Questions
Are the services that banks
offer to consumers worth
the cost?
Resources






18(G) develop strategies to become a
low-risk borrower by improving one's
personal credit score

Financial Fitness for Life
(National Council on Economic
Education)
Virtual Economics CD
(National Council on Economic
Education)
Building Wealth (Federal
Reserve Bank of Dallas)
The National Endowment for
Financial Education High
School Financial Planning
Program
Hands On Banking (Wells
Fargo Bank)
Calculating Simple Interest
Lesson (Econedlink)
The Credit Card Mystery
Lesson (Econedlink)
19(A) examine ways to avoid and
eliminate credit card debt
19(B) evaluate the costs and benefits
of declaring personal bankruptcy
When regulation is
needed, it is best carried
out by an impartial
referee.
As an institution relatively
free from government control,
The Fed is a central bank
designed to control the
nation’s banks and monetary
system.
12(A) describe the functions of money
12(B) describe the characteristics of
money, including commodity money,
fiat money, and representative money
13(A) explain the structure of the
Federal Reserve System
Spending increases or
decreases based on the
amount of money people
have.
In exerting control over the
nation’s money supply, the
Fed attempts to stabilize the
economy by influencing its
rate of growth.
13(B) analyze the three basic tools
used to implement U.S. monetary
policy, including reserve requirements,
the discount rate and the federal funds
rate target, and open market operations
13(C) explain how the actions of the
Federal Reserve System affect the
nation's money supply
Alief ISD 2011
Structure and Function of the
Federal Reserve System
Types and Functions of
Money
What is money and who
controls it?

Text, Ch. 16, Sec. 1-2
vocabulary:
banker’s bank, lender of last
resort
Money Creation Process
Tools of Monetary Policy

Reserve Requirement

Discount Rate

Open Market Operations
Strengths and Weaknesses
Monetary Policy
vocabulary:
To what extent can
controlling the money
supply have an impact on
the business cycle?




Text, Ch. 16, Sec. 3-4
Capstone: Exemplary Lessons
for High School Economics –
Unit 6, Lesson 38: Aggregate
Demand and Aggregate
Supply (Virtual Economics)
Capstone: Exemplary Lessons
for High School Economics –
Unit 6, Lesson 34: Money and
money multiplier, excess
reserves, interest rate, tight
money, easy money
Alief ISD 2011

Monetary Policy (Virtual
Economics)
Focus: High School
Economics - Lesson 19:
Money, Interest, and Monetary
Policy (Virtual Economics)
A L I E F
Independent
School District
Grade 12 Economics
Economic Stabilization: Government Taxation, Spending and Fiscal
Unit 6:
Policy
Time: 2 Weeks
Hook ideas here!
Universal
Generalizations
Everyone’s interest is
served when people
share the cost of meeting
common needs.
Line ideas here!
Developed 2007
Revised 2011
Sinker ideas here!
Unit Understandings
TEKS
Taxes help finance the
operation of government as
well as government programs
and public services.
15(A) identify types of taxes at the
local, state, and national levels and the
economic importance of each
15(B) analyze the categories of
revenues and expenditures in the U.S.
federal budget
Spending increases or
decreases based on the
amount of money people
have.
Social Studies Pacing Guide
Government spending and
taxation can work to stabilize
the economy by influencing
the amount of money
consumers have to spend.
15(C) analyze the impact of fiscal
policy decisions on the economy
Topics/Content
The Role of Taxation
Theories of Taxation
Types of Taxes
Government Programs and
Public Services
Unit Questions
Resources
Are taxes really
necessary?


Text, Ch. 14, Sec. 1-3
Preparing a 1040EZ Tax Form
(Econedlink)
To what extent do
government decisions
about taxation and
government spending
influence the state of the
economy?


Text, Ch. 15, Sec. 1-2
Capstone: Exemplary Lessons
for High School Economics Teacher's Guide – Lesson 35:
Fiscal Policy: A Two Act Play
(Virtual Economics)
Is fiscal policy an effective
tool for stabilizing the
economy?


Text, Ch. 15, Sec. 3
Capstone: Exemplary Lessons
for High School Economics Teacher's Guide – Lesson 35:
Fiscal Policy: A Two Act Play
(Virtual Economics)
vocabulary:
tax, revenue, income tax,
property tax, proportional tax,
progressive tax, regressive
tax, entitlement programs,
mandatory spending,
discretionary spending
Fiscal Policy as a
Stabilization Tool
Expansionary Fiscal Policy
Contractionary Fiscal Policy
Limitations of Fiscal Policy
vocabulary:
Keynesian Model, Classical
Model, Supply Side Model,
federal budget
Decisions often have
unintended
consequences.
Fiscal policy has long term
consequences that can be
positive or negative.
15(C) analyze the impact of fiscal
policy decisions on the economy
Budget Deficits and the
National Debt
vocabulary:
balanced budget, budget
surplus, budget deficit,
national debt, crowding out
effect
Alief ISD 2011
A L I E F
Independent
School District
Grade 12 Economics
Unit 7: International Trade
Time: 1 Week
Hook ideas here!
Universal
Generalizations
Specialization leads to
greater efficiency.
Social Studies Pacing Guide
Developed 2007
Line ideas here!
Sinker ideas here!
Unit Understandings
TEKS
Specialization and trade
benefit nations by allowing
them to use their resources
more efficiently.
3(A) explain the concepts of absolute
and comparative advantages
3(B) apply the concept of comparative
advantage to explain why and how
countries trade
Topics/Content
The Benefits of Trade
Unit Questions
Who benefits from trade?
vocabulary:
absolute advantage;
comparative advantage;
specialization; efficiency;
import; export
Resources



3(C) analyze the impact of U.S. imports
and exports on the United States and
its trading partners

11(C) analyze how trade relates to
growth
What benefits the group
as a whole may not
benefit some individuals.
Despite the economic
benefits of free trade, there
are still those who seek to
restrict trade.
4(A) compare the effects of free trade
and trade barriers on economic
activities
4(B) evaluate the benefits and costs of
participation in international free-trade
agreements
Systems naturally seek
balance.
Alief ISD 2011
Revised 2011
The forces of supply and
demand influence
international markets in much
the same way as they do
domestic markets.
4(C) analyze the effects of changes in
exchange rates on imports and exports
13(D) analyze the decline in value of
the U.S. dollar, including the
abandonment of the gold standard
Barriers to Trade
Does everyone benefit
from free trade?


Text, Ch. 17, Sec. 2
Focus: International
Economics – Lesson 8: Trade
Barriers; Lesson 9: Ripples:
Trade Barriers and Unintended
Consequences; Lesson 10:
What Happens When Imports
Are Banned? (Virtual
Economics)
Do the forces of supply
and demand work the
same way in international
markets as they do at
home?

Text, Ch. 17, Sec. 3
vocabulary:
protectionism; tariffs; free
trade; duties; quotas; trade
agreements
Balance of Trade
vocabulary:
exchange rates; balance of
trade; balance of payments;
trading partner
Text, Ch. 17, Sec. 1
Focus: International
Economics – Lesson 2: Why
People and Nations Trade
(Virtual Economics)
Capstone: Exemplary Lessons
for High School Economics Teacher's Guide – Lesson 41:
Why People Trade:
Comparative Advantage
(Virtual Economics)
Focus: International
Economics – Lesson 3: Trade
and Specialization (Virtual
Economics)
A L I E F
Independent
School District
Grade 12 Economics
Unit 8: Housing and Insurance
Time: 1 Week
Hook ideas here!
Universal
Generalizations
Good information
promotes good decision
making.
Social Studies Pacing Guide
Developed 2007
Line ideas here!
Sinker ideas here!
Unit Understandings
TEKS
While buying a home is often
complicated and expensive,
the benefits typically
outweigh the costs.
Topics/Content
20 (A) evaluate the costs and benefits
of renting a home;

20 (B) evaluate the costs and benefits
of buying a home

20 (C) assess the financial aspects of
making the transition from renting to
home ownership
Rights and
responsibilities of renting
or buying a home
Managing money to
make the transition from
renting a home to home
ownership
Unit Questions
At what point does owning
a home become more
advantageous than
renting?
Resources




vocabulary:
mortgage; credit rating; real
estate, lease

People seek to reduce
personal risk.
Revised 2011
Different types of insurance
have been developed to
manage different kinds of
risk.
19(C) evaluate the costs and benefits
of buying insurance

Understanding
insurance
vocabulary:
risk; liability; term life; whole
life;
How can people know
when they need insurance
and what kind they need?





Prentice Hall Personal Finance
Kit
Financial Fitness for Life
(National Council on Economic
Education)
Virtual Economics CD
(National Council on Economic
Education)
Money Matters (First
Command Educational
Foundation)
Loan Amortization /Mortgage
Lesson (Econedlink)
Financial Fitness for Life
(National Council on Economic
Education)
Virtual Economics CD
(National Council on Economic
Education)
Building Wealth (Federal
Reserve Bank of Dallas)
The National Endowment for
Financial Education High
School Financial Planning
Program
Hands On Banking (Wells
Fargo Bank)
Social Studies Skills for Economics:
(21) Social studies skills. The student applies critical-thinking skills to organize and use information acquired from a variety of valid sources, including electronic technology. The student is expected to:
(A) analyze economic information by sequencing, categorizing, identifying cause-and-effect relationships, comparing, contrasting, finding the main idea, summarizing, making generalizations and
predictions, and drawing inferences and conclusions;
(B) create economic models, including production-possibilities curves, circular-flow charts, and supply-and-demand graphs, to analyze economic concepts or issues;
(C) explain a point of view on an economic issue;
(D) analyze and evaluate the validity of economic information from primary and secondary sources for bias, propaganda, point of view, and frame of reference;
(E) evaluate economic data using charts, tables, graphs, and maps; and
(F) use appropriate mathematical skills to interpret economic information.
(22) Social studies skills. The student communicates in written, oral, and visual forms. The student is expected to:
Alief ISD 2011
(A) use economic-related terminology correctly;
(B) use standard grammar, spelling, sentence structure, and punctuation;
(C) transfer information from one medium to another, including written to visual and statistical to written or visual, using computer software as appropriate;
(D) create written, oral, and visual presentations of economic information; and
(E) attribute ideas and information to source materials and authors.
Alief ISD 2011