Teacher: CORE Business Economics II
Year: 2014-15
Course: Business Economics II
Month: All Months
Measuring the Economy's Performance
Standards
Essential
Questions
Assessments Skills
15.6.12. A-Personal Finance What things other
Chapter Test
Responsibility ~ Evaluate the than the total output 2/27/2015
impact of internal and
of goods and services
external influences on
are important to our
financial decisions.
economic well-being?
15.6.12. F-Personal Finance
Responsibility ~ Evaluate
How does the
criteria for personal spending purchasing power of
in relation to the economic
money change?
climate.
EC.IV.A-Analyze the role of
How is inflation
markets and prices in the U.S. measured?
economy.
EC.IX.A-Analyze how the U.S. How are business
economy functions as a whole cycles and economic
and describe selected
growth related?
macroeconomic measures of
economic activity.
What are the causes
of business
fluctuations?
Understand measuring GDP,
Value, Final Goods & Services
Content
Lessons
Resources
National Income Accounting
National
Income
Accounting
Economic
Textbook
Gross Domestic Product
Compute Gross Domestic Product
(GDP)
Net Domestic Product
Compute Net Domestic Product
(NDP)
Measurements of Income
National Income
Personal Income
Evaluate Measurements of Income Disposable Personal Income
Analyze the purchasing power of
money
Correcting Statistics for Inflation
Purchasing Power of Money
Define the measures of inflation
Evaluate CPI, PPI and GDP Price
Deflators
Chart aggregate demand and
supply
Measures of Inflation
Consumer Price Index
Producer Price Index
GDP Price Deflator
Computer
Internet
Projector
PowerPoint
Presentation
Guided
Readings
Aggregate Demand and Supply
Plot price level versus total output Business Fluctuations
Interpret the business cycle
Model of the Business Cycle
Evaluate the causes of business
fluctuations
Ups and Downs of Business
Causes and Indicators of Business Fluctuations
Analyze the major economic
indicators
Economic Indicators
Page | 1
Teacher: CORE Business Economics II
Year: 2014-15
Course: Business Economics II
Month: All Months
Money and Banking
Standards
Essential
Questions
Assessments Skills
EC.IV.A-Analyze the
Why are coins and
Chapter Test
role of markets and
pieces of paper so
2/27/2015
prices in the U.S.
important to society?
economy.
EC.VII.A-Analyze the How has technology
role of government in and the Internet
economic systems,
affected the way we
especially the role of use money today?
government in the U.S.
economy.
Understand the functions of
money
Evaluate the characteristics of
money
Content
Lessons
The Functions and Characteristics of Money
Medium of Exchange
Unit of Accounting
Store of Value
The Functions and Economic Textbook
Characteristics of
Money
Computer
Internet
History of American Money and Banking
Analyze the different types of
money
Chart the history of American
banking
Resources
Projector
Banking Services
Electronic Banking
EFT Concerns
PowerPoint
Presentation
Types of Money in the United States
Currency
Checks
Define money and near moneys Credit Cards
Debit Cards
Examine the money supply
Near Moneys
Examine banking services
Guided Readings
Money Supply
The Federal Reserve System and Monetary Policy
Standards
Essential Questions Assessments Skills
EC.VII.A-Analyze Who is in charge of the U.S.
Chapter Test
the role of
money supply and how do they 3/13/2015
government in
decide how much currency to put
economic
into circulation?
systems,
especially the role How has the economy influenced
of government in monetary policy in the United
the U.S. economy. States?
EN.III.A-Apply
economic
Who is the chairman of the
concepts when
Federal Reserve?
making decisions
for an
entrepreneurial
venture.
Understand the organization of the
Federal Reserve System
Define the functions of the Federal
Reserve
Content
Lessons
Organization of the Federal Reserve
System
Organization and Economic Textbook
Functions of the
Fed
Computer
Functions of the Federal Reserve
Loose Money Policies
Tight Money Policies
Evaluate loose and tight money policies Fractional Reserve Banking
Regulating the Money Supply
Understand fractional reserve banking Changing Reserve Requirements
Changing the Discount Rate
Determine the cause and effect of
Open Market Operations
changing reserve requirements
Criticisms of Fed Policies
Predict consequences of changing the
discount rate
Resources
Internet
Projector
PowerPoint
Presentation
Guided Readings
Examine open-market operations
Page | 2
Teacher: CORE Business Economics II
Year: 2014-15
Course: Business Economics II
Month: All Months
Government Spends, Collects, and Owes
Standards
Essential Questions Assessments Skills
Content
Lessons
Resources
EC.VII.A-Analyze
the role of
government in
economic
systems,
especially the role
of government in
the U.S.
economy.
What is the difference between
social-insurance and publicassistance programs?
Growth in the Size of Government
Growth in the
Size of
Government
Economic Textbook
Chapter Test
4/10/2015
Explain government growth
Understand the functions of government Functions of Government
How does scarcity affect the
federal budget process?
Evaluate important public goods
Public Goods
How does the federal
government acquire funds to
cover a deficit?
Contrast between social-insurance and Social-Insurance Programs
public-assistance programs
Public-Assistance Programs
Summarize three criticisms of
government involvement in the economy Regulation and Economic Stability
What is the difference between
regressive, progressive and
proportional taxes?
Examine the budge-making process
Federal Budget and National Debt
Analyze the national debt
The Budget-Making Process
Identify how the federal government
acquires funds to cover a deficit
Principles of Taxation
Computer
Internet
Projector
PowerPoint
Presentation
Guided Readings
Analyze principles of taxation
Explain forms of taxation
Forms of Taxation
Proportional Tax
Progressive Tax
Regressive Tax
Stabilizing the National Economy
Standards
Essential Questions
Assessments
EC.IX.A-Analyze How are unemployment and
Chapter Test
how the U.S.
inflation connected?
5/1/2015
economy
functions as a
Why is it important to maintain
whole and
a low unemployment rate?
describe selected
macroeconomic What is the federal
measures of
government's role in the circular
economic activity. flow of income and output?
EC.VII.A-Analyze
the role of
How are monetary policy and
government in
fiscal policy different?
economic
systems,
especially the role
of government in
Skills
Content
Lessons
Resources
Analyze and measure
unemployment
Unemployment and Inflation
Unemployment
and Inflation
Economic Textbook
Measuring Unemployment
Computer
Demand-Pull Inflation
Internet
Predict consequences of inflation
Evaluate the circular flow of
income and output
Identify fiscal policy and supplyside effects
Understand the theory of
monetarism
Determine government policy
according to monetarists
Cost-Push Inflation
Projector
Fiscal Policy Approach to Stabilization
Circular Flow of Income and Output
PowerPoint
Presentation
Fiscal Policy and Supply-Side Effects
Guided Readings
Monetarism and the Economy
Page | 3
Teacher: CORE Business Economics II
Year: 2014-15
Course: Business Economics II
Month: All Months
the U.S.
economy.
The Theory of Monetarism
Examine monetarists' criticism of
fiscal policy
Government Policy According to
Monetarists
Monetary Rule
Monetarists' Criticism of Fiscal Policy
Trading with Other Nations
Standards
Essential Questions Assessments
Skills
Content
EC.IV.A-Analyze the role
of markets and prices in
the U.S. economy.
EC.VI.A-Explain the
importance of
productivity and analyze
how specialization,
division of labor,
investment in physical
and human capital, and
technological change
affect productivity and
global trade.
EC.VII.A-Analyze the role
of government in
economic systems,
especially the role of
government in the U.S.
economy.
EC.VIII.A-Examine the role
of trade, protectionism,
and monetary markets in
the global economy.
What is devaluation? How Chapter Test 5/29/2015
does it affect a country's
role in foreign trade?
Identify the benefits of
trade
The Benefits of World Trade
What is the difference
between a positive and
negative balance of
trade?
How does free trade help
or hurt countries?
Lessons Resources
Absolute Advantage
Explain absolute and
comparative advantages Comparative Advantage
Examine fixed exchange
rates
Financing World Trade
Fixed Exchange Rates
Analyze flexible exchange
rates
Flexible Exchange Rates
Explain the difference
between a positive and
a negative balance of
trade
Understand ways to
restrict imports
Examine international
trade agreements
Balance of Trade
Ways to Restrict Imports
Tariffs
Quotas
Embargos
Arguments for and Against Free Trade
International Trade Agreements
World Trade Organization
Regional Trade Agreements
Restrictions on World Trade
Page | 4