Objective 1: Students will assess opportunity costs and trade-offs involved in making choices about how to use scarce economic resources.
9-12 DAYS
Economics Today and Tomorrow

Chapter 1 – wants/needs, scarcity vs. shortage

Chapter 2 – Pages 34-44

Chapter 7; 174-175 (Marginalism)
Objective 2: Students will explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the major features of the U.S. economic system.
9-12 DAYS
Economics Today and Tomorrow

Chapter 2, also page 448

Chapter 18
Objective 3 Students will analyze the role of core economic institutions and incentives in the U.S. economy.
7-10 DAYS
Economics Today and Tomorrow

Chapter 2, Sections 1-4

Chapter 12, Section 2
Objective 4 Students will analyze the role of markets and prices in the U.S. economy.
16-19 DAYS
Economics Today and Tomorrow

Chapter 7, Sections 1-4

Chapter 2, Sections 1-3

Objective 5 Students will explain the importance of productivity and analyze how specialization, investment in physical and human capital, and technological change affect productivity and global trade.
7-9 DAYS
Economics Today and Tomorrow

Chapter 18 trading with other nations

Chapter 20 The Global Economy

Chapter 19 Economic Growth in Developing Nations —supplemental
Objective 6 Students will analyze the role of government in economic systems, especially the role of government in the U.S. economy.
15-19 DAYS
Economics Today and Tomorrow

Chapter 14 Money and Banking

Chapter 15 The Federal Reserve System and Monetary Policy

Chapter 16 Government spends, collects, and owes

Chapter 17 Stabilizing the National Economy
Objective 7 Students will analyze how the U.S. economy functions as a whole as measured by economic indicators.
7-9 DAYS
Economics Today and Tomorrow

Chapter 12 The American Labor Force

C hapter 13 Measuring the Economy’s Performance