Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 1 DAY CONCEPT OBJECTIVES Wednesday, 8/7 Syllabus and explain outline of course Explain class expectations, outline of course, syllabus Class expectations and outline of course PPT - Agenda What is Economics Go over syllabus Thursday, 8/8 Pre-Test Resources & Scarcity Define scarcity and give examples of productive resources Opportunity Costs and Factors of Production Identify factors of production and give examples of opportunity costs Intro/Review: Why is Economics considered a "social science" Take Pre-Test PPT - 1 - What is Scarcity (including vocabulary) Scarcity activity Intro/Review: What is scarcity and explain why scarcity exists. GCEE clip on scarcity, opportunity costs and factors of production (resources) Group Activity: Show what you know - Identify examples of land, labor, capital, and entrepreneurship Friday, 8/9 INSTRUCTIONAL STRATEGIES WEEK Week 2 DAY Monday, 8/12 CONCEPT Production Possibilities Curve (PPC) OBJECTIVES INSTRUCTIONAL STRATEGIES Draw and explain how the PPC shows opportunity costs Tuesday, 8/13 Production Possibilities Curve Demonstrate their understanding of the PPC 1 Explain capital and give at least 3 examples. PowerPoint on vocab. related to PPC, opportunity costs, cost-benefit analysis. In pairs of 2, students will create PPC graphs, and explain how opportunity costs are shown on their graphs What is the cost-benefit analysis? Give an example In groups, students will create a PPC Groups will present their PPCs and, using correct terminology, explain how opportunity costs is shown/measured on the PPC STANDARDS (CCGPS, GPS, AP) SSEF1 SSEF1a, SSEF1b SSEF1a, SSEF1b, SSEF1c and SSEF1d STANDARDS (CCGPS, GPS, AP) SSEF2a SSEF2b SSEF2a, SSEF2b Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 8/14 Thursday, 8/15 Specialization Three basic economic questions every economy should answer Explain points on the PPC that show inefficient use of resources, efficient use of resources, and one area that is unattainable. Give examples of how individuals and businesses specialize Explain how the three basic economic questions are answered in a market, command, and mixed economy Intro/Review: What does the line of the PPC represent? PPT - Specialization, including vocabulary Activity: "Division of Labor" using paper activity Vocabulary (voluntary trade, assembly line production, efficiency, productivity - how are they all similar) - Discussion Intro/Review: How does specialization make an economy more efficient? Show GCEE clip on how the three basic economic questions are answered PPT - rational economic decision making - answering the basic economic questions Using chart, students will identify characteristics of each type of economy (market, command, mixed). Intro/Review: Explain at least three benefits of a free enterprise system or a market economy. PPT - Guided Notes (explain vocabulary related to the role of government, Activity 2-4 Friday, 8/16 WEEK Week 3 DAY Monday, 8/19 Tuesday, 8/20 The role of government CONCEPT OBJECTIVES Productivity and its relationship to inputs and outputs Explain investment in equipment and technology and their relationship to economic growth Standards SSEF1 through SSEF6a,b,c Review for Unit 1 test Explain the difference between goods and services and how they are affected by regulation/deregulation INSTRUCTIONAL STRATEGIES 2 Intro/Review: How do nations become more productive (think -PPC and unattainable point) PPT - Investing in technology, education, and economic growth Benefits of competition - Venn diagram (Section 2-2) Intro/Review: Draw the PPC and explain how you would show opportunity cost, inefficient use of SSEF3a, SSEF3b SSEF4a, SSEF4b, SSEF5a, SSEF6a, b, c STANDARDS (CCGPS, GPS, AP) SSEF5a, SSEF5b, FFEf6a,b SSEF1a, SSEF5a,b, SSEF6a, b, c Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 8/21 Unit 1 Test Unit 1 Test Thursday, 8/22 Begin Unit 2 microeconomic Concepts Explain the flow of resources, goods, and money using the circular flow of economic activity Define Law of Demand (Microeconomic Concepts) Friday, 8/23 WEEK Week 4 DAY Monday, 8/26 Tuesday, 8/27 Law of Demand CONCEPT Law of Demand Law of Demand OBJECTIVES resources, efficient use of resources, and unattainable points on the PPC Study Guide and Unit 1 vocabulary Discussion, Question and answer Unit 1 Test - Standards SSEF1a through SSEF5b When Finish test, Draw and Label circular flow Intro/Review: What is the difference between the factor market and the product market? PPT - Lecture role of households, firms, factor market and product market Function of money as a medium of exchange SSEMI1a,b Intro/Review: What is meant by Demand in economics? PPT - Law of Demand and determinants of Demand Copy and give own examples of the Determinants of Demand SSEMI2a INSTRUCTIONAL STRATEGIES Explain the difference between change in demand and change in quantity demanded Show, on a demand graph, the difference between a change in demand and a change in quantity demanded 3 SSEF1a - SSEF6c Intro/review: What has to occur to impact demand for a product? PPT and GCEE - Lecture: Demand and Supply In pairs, students will create demand graphs showing the difference between change in demand and change in quantity demanded Intro/Review: What are the determinants of demand and how do they impact the demand graph? Finish graphs in pairs Presentations - students will present their graphs, explaining a cause in demand and a cause that STANDARDS (CCGPS, GPS, AP) SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham results in change in quantity demanded. Wednesday, 8/28 Law of Supply Define law of Supply Thursday, 8/29 Law of Demand and Law of Supply Incorporate law of demand and law of supply and graph price ceilings and price floors Intro/Review: Who is impacted by a change in supply PPT - Change in supply, change in quantity supplied, and determinants of supply - guided notes Pairs - Give examples of determinants of supply and how they impact the supply curve Intro/Review: What are the demand determinants? Students will add the supply curve to their graphs Presentations - explain the impact of change in supply and change in quantity supplied on their graphs and show equilibrium. SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d Friday, 8/30 Professional Learning Early Release WEEK Week 5 DAY Monday, 9/2 Tuesday, 9/3 Wednesday, 9/4 Thursday, 9/5 Friday, 9/6 CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) LABOR DAY HOLIDAY Law of Demand and Law of Supply - Explain law of demand and law of supply - Intro/Review: Define and give an example of income effect : Terminology related to demand and supply, including equilibrium, demand elasticity - Supply Determinants SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d Law of Supply and Demand determinants - Explain law of supply, law of demand, price ceilings and price floors - EQ: What is meant by government intervention? Give examples - Lecture: Price ceilings and price floors - Vocabulary related to price ceilings and price floors (SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d) Intro Activity: Draw a demand curve, label a price ceiling and label a price floor - Group Student activity - price ceiling/price floors What causes a shortage, what causes a surplus - give examples of each (SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d, SSEMI3a, b, c.) Law of Demand, Law of Supply, Demand Elasticity, Price ceilings and price floors: Intro activity: Give examples of items that are inelastic and items that are elastic. Explain. 2. Activity 6-1 - Go over. 3. Complete practice activity - demand, supply, equilibrium, price ceilings, and price floors, 4 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 6 DAY Monday, 9/9 CONCEPT Business and Market structures OBJECTIVES INSTRUCTIONAL STRATEGIES Identify characteristics of the three types of business structures Tuesday, 9/10 Business and Market structures Identify the characteristics of the four types of market structures Wednesday, 9/11 Performance Essay ENGLISH & FINE ARTS Begin review of Unit 2: Supply, Demand, Circular Flow, Bs and Mkt. Structures Continue Types of Business and Market Structures and begin review of Unit 2 for Unit 2 Test Thursday, 9/12 Friday, 9/13 Review Unit 2 Unit 2 Test Circular Flow, Demand, Supply, Price ceilings, Price floors, Business and Market Structures Circular Flow, Demand, Supply, Price ceilings, 5 Intro Activity: Cause and Effect (demand/supply/prices/ substitutes/complements) Class Discussion PPT - Lecture: characteristics of types of business structures Complete chart/foldable - characteristics of sole prop, partnership, and corp. Intro activity: Give one advantage and one disadvantage of each of the legal forms of bs. PPT - and guided practice - completing chart of characteristics of each form of business structure. Writing activity - Paragraph - similarities and difference of business organizations (adv and disadv. of each) Intro Activity: Give one example of each type of market structure and explain. Review the advantages and disadvantages of business organizations (using foldable students created) Review demand and supply determinants and effects of each on the graphs Unit 2 Study Guide Intro activity: draw a demand/supply graph and show a price ceiling, price floor and equilibrium Discuss PPT Review Game Study Guide Q&A Unit 2 Test STANDARDS (CCGPS, GPS, AP) SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d, SSEMI3a, b, c SSEMI4a,b,c SSEMI4a,b,c SSEMI1a,b SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d, SSEMI3a, b, c SSEMI4a,b,c SSEMI1a,b SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d, SSEMI3a, b,c SSEMI4a,b,c SSEMI1a,b SSEMI2a, SSEMI2b, Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Price floors, Business and Market Structures WEEK Week 7 Benchmark #1 DAY Monday, 9/16 ELECTIVES Tuesday, 9/17 ENGLISH Wednesday, 9/18 MATH CONCEPT OBJECTIVES Begin Unit 3 Measuring economic growth Economic Growth - How is the Consumer Price Index calculated and what does it measure Determine how GDP is calculated How does GDP measure the health of an economy? What is included/what is excluded Unemployment Measuring economic growth Review for Benchmark 1 Fundamentals of Econ and Microeconomic Concepts Friday, 9/20 SOCIAL STUDIES Benchmark 1 Fundamentals of Econ and Microeconomic SSEMI2c, SSEMI2d, SSEMI3a, b,c SSEMI4a,b,c INSTRUCTIONAL STRATEGIES Thursday, 9/19 SCIENCE When finish test, complete Macroeconomic activity (Micro vs. Macro) Intro/Review: What is economic growth and how is it measured? class discussion PPT & GCEE clip - Measuring the economy (Lecture) Calculate Consumer Price Index STANDARDS (CCGPS, GPS, AP) SSEMA1 Intro: How do we determine whether people are spending more money in an economy or whether the prices have increased? PPT - Lecture - Gross Domestic Product Identifying intermediate goods vs. final goods Complete Lesson 2, Act. 12, Parts A, B, and C, identifying what is counted in GDP SMEA1a,b,c,d,e,f Intro/Review: Explain the difference between GDP and CPI PPT - types of unemployment/who is and who isn't counted in the unemployment rate Students will distinguish between cyclical, structural, and frictional unemployment Calculate how unemployment is measured SMEA1a,b,c,d,e,f Intro Activity: Difference between PPC and Supply/Demand Graphs Class review Questions/Answers over B-1 study guide Benchmark 1 6 SSEMI1a,b SSEMI2a, Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Concepts WEEK Week 8 DAY Monday, 9/23 Tuesday, 9/24 CONCEPT Economic Growth Economic Growth SSEMI2b, SSEMI2c, SSEMI2d, SSEMI3a, b,c SSEMI4a,b,c, SMEA1a.b.c.d.e.f OBJECTIVES INSTRUCTIONAL STRATEGIES Calculate CPI, GDP and Unemployment Analyze how CPI, GDP, and unemployment measure the health of an economy Wednesday, 9/25 Graduation Writing Test Aggregate Demand (AD) and Aggregate Supply (AS) What causes an increase or a decrease in Aggregate Demand and Aggregate supply Thursday, 9/26 The Business Cycle Define and desribe the stages/phases of the business cycle 7 Intro/Review: What are the 3 leading economic indicators and what does each measure? Calculate CPI, GDP, Unemployment rate Explain the difference between nominal vs real GDP Foldable: types of unemployment Intro/Review: Explain cyclical, frictional, and structural unemployment and give one example of each. Reading: Economic Outlook - written activity: explain how the economic indicators play a role in reporting. Create a flip chart describing how economic growth is measured (include formulas for calculating each) Intro/Review: What determines a nation's standard of living? PPT - Aggregate demand/Aggregate supply Draw and label an Aggregate Demand graph - Show Aggregate Supply curve Show and increase in AD and a decrease in AD (explain each0 Intro Activity/Review: What are events that can cause changes in aggregate demand and Aggregate supply? PPT: Business Cycle Terms and drawing of Business cycle (what happens in the economy at each STANDARDS (CCGPS, GPS, AP) SMEA1a,b,c,d,e,f SMEA1a,b,c,d,e,f SSEMA SSEMA1e Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Friday, 9/27 Homecoming Early Release The business cycle Students will test their understanding of the business cycle WEEK Week 9 DAY Monday, 9/30 Tuesday, 10/1 Wednesday, 10/2 Thursday, 10/3 CONCEPT The business cycle Economic Indicator quiz and Types of Taxes Types of Taxes Review for Unit 3 Test OBJECTIVES phase/stage of the business cycle) Students will draw the business cycle and label each phase, and label what is happening with CPI, GDP and unemployment at each phase. Business Cycle vocabulary Intro/Review: What phase of the business cycle is unemployment the highest? Why? Business Cycle/Economic Indicator Worksheet (group activity)Business cycle/inflation/AD/AS Go over worksheet in class (each group will prepare to present a section) INSTRUCTIONAL STRATEGIES Identify GDP,CPI, and Unemployment and determine effects on business cycle Demonstrate understanding of economic indicators and then distinguish between three types of taxes. Explain progressive tax, proportional tax, and regressive tax Macroeconomic Concepts 8 Intro/Review: What are the three leading economic indicators and explain what each measures. Groups will present their section of the economic indicator worksheet Review: Identify types of unemployment Intro: Name at least three types of taxes that individuals have to pay. Economic indicator quiz PPT - Types of Taxes Foldable: Progressive tax, proportional tax, and regressive tax (explain and give examples of each) Intro/Review: What are the four characteristics of a "good" tax?? Activity: Chapter 14, Section 1 - What are taxes Study Guide to begin review of Unit 3 test. Intro: Q&A (each student will write down questions they have over unit for clarification) Go over questions go over study guide for Unit 3 STANDARDS (CCGPS, GPS, AP) SSEMA1 a,b,c,d,e,f SSEMA1a,b,c,d,e,f SSEMA1a,b,c,d,e,f SSEMA1a,b,c,d,e,f Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Friday, 10/4 WEEK Week 10 DAY Monday, 10/7 Unit 3 Test Assessment of Measuring economic growth CONCEPT OBJECTIVES Tools of Monetary Policy (Begin Unit 4) Describe the organization of the Federal Reserve System INSTRUCTIONAL STRATEGIES Tuesday, 10/8 The Federal Reserve Wednesday, 10/9 Performance Essay SOCIAL STUDIES & CTAE Thursday, 10/10 Written Performance Essay Friday, 10/11 Contractionary vs. Expansionary Policy (monetary policy vs. fiscal policy Federal Reserve Responsibilities vs. How does the Federal Reserve use monetary policy to promote price stability? (Fed Tools) Assessment Intro: What is the Federal Reserve? Video (14 min. The Fed Today)*approval with Guided notes/questions to complete. go over guided notes/questions from video Clarify vocabulary from video STANDARDS (CCGPS, GPS, AP) SSEMA2a,b,c Reserve computer lab for students to complete "The Federal Reserve" activity SSEMA2a,b,c Written performance essay SSEMI2 How does the Federal Reserve promote price stability through the tools of monetary policy vs. role of government to promote price stability What is money 9 SSEMA1a,b,c,d,e,f Q&A Unit 3 test When finish test, begin vocabulary for unit 4 Intro/Review: What are the three tools of monetary policy? Class discussion Handout - Go over expansionary vs. contractionary policy - How each tool is used to promote price stability Federal Reserve Comic Book - Monetary Policy - Student activity: Identify Fiscal policy tools vs. monetary policy tools Intro: What is money? PPT - What is money - characteristics and SSEMA2 SSEMA Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 11 DAY Monday, 10/14 Tuesday, 10/15 Wednesday, 10/16 PSAT and College Fair Thursday, 10/17 Fall Festival Early Release CONCEPT Monetary Policy vs. Fiscal Policy Role and functions of the Federal Reserve and the use of Fiscal Policy OBJECTIVES functions Morton AP book: Activity 34 - Analyze how well each item in the activity would perform the function of money in today's economy Compare and Contrast M1 and M2 INSTRUCTIONAL STRATEGIES FALL HOLIDAY! Professional Learning Day (Student Holiday) Explain the Intro/Review: What are the tools of government's taxing monetary policy vs. the tools of fiscal policy? and spending decisions How would each use their tools to control (fiscal tools) vs. the inflation/control recession Teds tools Discussion - using tools to expand economy vs. contract economy (monetary vs. fiscal) Think/Pair Share - monetary policy vs. fiscal policy - How each tool would be used in scenarios given. Study Guide for Unit 4 Compare and contrast Intro/Review: Identify functions of money based monetary policy vs. on scenarios given. fiscal policy Students will write a reflection explain what they have learned in this unit. Share with others. Tools of Fiscal Policy - Activity 30, Lesson 8 Morton book - Part A and Part B (pg. 503/504) Check for understanding/clarification Friday, 10/18 Professional Learning Early Release 10 STANDARDS (CCGPS, GPS, AP) SSEMA2,SSEMA3 SSMEA2,SSEMA3 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 12 DAY Monday, 10/21 CONCEPT Review for unit 4 test OBJECTIVES INSTRUCTIONAL STRATEGIES Monetary Policy, Fiscal Policy, Money Tuesday, 10/22 Unit 4 Test Monetary Policy, Fiscal Policy, Functions and characteristics of money Wednesday, 10/23 International Trade (Begin Unit 5) Comparative Advantage vs. Absolute Advantage, Thursday, 10/24 What are trade barriers? Identify different types of trade barriers Q&A Unit 4 Test When finish test, Complete vocabulary for International Trade Intro: Why do nations trade? PPT - Explain comparative advantage and absolute advantage; answer the question: why do nations trade Pairs: Activity: determining comparative advantage vs. absolute advantage. (check for understanding of terminology) Friday, 10/25 Begin Review for Fundamentals of Intro/Review: Give examples of how the government would use fiscal policy if their concern is inflation. What tools would the federal reserve use? Explain Go over student explanations Students will draw a scenario, answer, then explain to class - check for understanding/clarification of monetary and fiscal policy tools 11 Intro/Review: scenario (handout) Individual class assignment for intro: Identify comparative advantage vs. absolute advantage Work in pairs: Given examples, students will identify if the problem is embargo, quota, standards, or subsidies Go over trade barrier identification activity Intro/Review: What is a rational economic decision STANDARDS (CCGPS, GPS, AP) SSEMA2, SSEMA3 SSEMA2, SSEMA3, SSEIN1 SSEIN1 SSEIN1 and SSEIN2 SSEF1 through Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Benchmark 2 WEEK Week 13 Benchmark #2 DAY CONCEPT Monday, 10/28 ELECTIVES Review for Benchmark 2 Tuesday, 10/29 SOCIAL STUDIES Benchmark Economics, Microeconomic Concepts, Macroeconomic Concepts, Monetary Policy, Fiscal Policy, Money and International trade Study Guide Think/Pair/Share: Create a demand/supply graph, show change in quantity demanded and change in demand (also supply) Think/Pair Share: What is the difference between a demand/Supply graph and a PPC Class time to work on study guide and ask questions OBJECTIVES INSTRUCTIONAL STRATEGIES Fundamentals of Economics, Microeconomic Concepts, Macroeconomic Concepts, Monetary Policy, Fiscal Policy, Money and International trade Assessment Intro/Review: Explain the difference between monetary policy and fiscal policy Go over intro question Go over study guide Discussion Q&A Benchmark 2 12 SSIEN2 STANDARDS (CCGPS, GPS, AP) SSEF1 thru SSEIN2 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 10/30 ENGLISH International Trade Explain the difference between protectionist, and globalist views. Thursday, 10/31 MATH Trading Blocs Explain NAFTA, EU, AND ASEAN Friday, 11/1 SCIENCE Trading blocs Explain NAFTA, EU, and ASEAN WEEK Week 14 DAY Monday, 11/4 CONCEPT International Trade Vocabulary and Exchange Rates OBJECTIVES Intro/Review: Comparative vs. Absolute advantage problem PPT - Go over why some oppose trade and others promote trade. Compare and contrast - work in pairs - create a poster labeling globalist vs protectionist and "Show what you know" - GA Coach page 92 - Go over in class, reading answers. SSEIN1, SSEIN2 Computer Lab Assignment EQ: What are trading blocs and why do they exist? Research EU, NAFTA, and ASEAN, explaining the following: Advantages/disadvantages, purpose, countries involved, who is helped who is hurt, powers/responsibilities, what conclusion can you reach about each? SSEIN2d Computer Lab Assignment: Continue trading bloc assignment: Research EU, NAFTA, and ASEAN, explaining the following: Advantages/disadvantages, purpose, countries involved, who is helped who is hurt, powers/responsibilities, what conclusion can you reach about each? International Trade Vocab quiz Monday, 11/4 SSEIN2d INSTRUCTIONAL STRATEGIES Apply international trade vocabulary And calculate exchange rates 13 EQ: What are exchange rates and how do fluctuations effect trade? International trace vocab. Quiz PPT - fluctuations in exchange rates and how they STANDARDS (CCGPS, GPS, AP) SSEIN2 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Tuesday, 11/5 Exchange rates Explain how the currency in one nation affects trade with others WEEK Week 15 Wednesday, 11/6 Performance Essay MATH & FOREIGN LANG Review unit on International Trade Review for Unit test International Trade Thursday, 11/7 Unit 5 Test Friday, 11/8 Begin Unit 6 Personal Finance Assessment International Trade Decision making personal spending and saving choices DAY Monday, 11/11 CONCEPT Spending, Saving, and Investing affect trade Student Activity - (Morton book - Activity 53 Part A) Exchange Rates Intro/Review: Calculation activity Review: Go over Morton exchange rate activity from previous day Student Activity (Morton book) Activity 53 Part B Go over Activity 53 Part B International Trade Unit study guide to be given to students Intro/Review: What potentially happens to trade when the US currency depreciates relative to other nations' currency? Go over Intro/Review Review study guide answers - (Pairs) Go over study guide International Trade Unit Assessment If finish test, can begin Personal Finance Vocab. Intro: Explain the importance of rational economic decision making related to spending and saving. Discuss. PPT - Into to Personal Finance (Fed reserve PPT Why is Money Important?) class activity - answer questions at end of PPT "Show What You Know" Activity - Coach EOCT bookCreate a "financial goals sheet" Personal Finance Vocab check OBJECTIVES INSTRUCTIONAL STRATEGIES Saving options 14 Intro/Review: List types of saving and investing options discussed on Fed PPT - Why is Money Important" Discuss SSEIN2 SSEIN1, SSEIN2 SSEIN1, SSEIN2 SSEPF1 STANDARDS (CCGPS, GPS, AP) SSEPF1, SSEPF2 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Tuesday, 11/12 Wednesday, 11/13 Personal Finance - The role of banks Intro/Review - Interest rate calculation activity (simple interest vs. compound interest) PPT - Fed Reserve - The role of a bank Pair - Answer the "What do you know" section of PPT - Discuss/ compare answers o SSEPF2 Thursday, 11/14 Impact of inflation on spending, and investing - Who benefits and who loses from inflation- Identify how interest rates and taxes effect different income levels Intro/Review: Explain how interest rates effect difference income groups - Discuss Inflation: Causes and Effects GA Coach Book - Activity "Show What You Know" Complete the chart - compare answers with members of your group. Go over "Show What You Know" o SSEPF 3 Understanding Investing - Investing Intro/Review: Explain two theories that cause inflation - Discuss PPT - Cont.- Fed Reserve - Investing/Interest Rates (Complete in pairs) Investment calculations - Activity from Economic simulations Go over simulations (if time permits) o SSEPF 4 Friday, 11/15 WEEK PPT - Fed Reserve - Personal Finance Investing- Why students should understand Investing. Guided note taking Complete PPT Review sheet in pairs - compare and contrast different types of saving/investing options Personal finance vocab check Financial Institutions for Savings - Demonstrate understanding of interest rates - SSPEF Intro: Explain the difference between simple interest and compound interest Compare and contrast simple and compound interest by calculating each - Activity Go over calculations DAY CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES 15 STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Week 16 Monday, 11/18 Saving Comparing various investment options Tuesday, 11/19 Workers Earnings Differentiate between types of withholding taxes Wednesday, 11/20 Budgeting Developing short and long term goals Thursday, 11/21 Budgeting Creating a Budget Friday, 11/22 Budgeting Creating a Budget for a meal 16 Intro/Activity: What is the difference between Stocks and Bonds? - Discuss PPT - Fed- Investment Options Activity 5 - Economic Simulations Maximizing Savings Personal Finance Vocab check. Intro/Review - Compare and contrast different saving options discussed - go over Activity - Calculating workers earnings Differentiate between types of withholding taxes SSEPF2, SSEPF3, SSEPF4 Intro/Review: List and explain several personal wealth creations strategies that lead to success. Discuss PPT - Fed - Creating Financial Stability - Guided Notes SSEPF1, 2, 3, and 4, SSEPF6 Review list of short and long term goals - class discussion Intro/Review: Explain four-step saving plan from Fed PPT - Discuss Price comparison activity Begin Thanksgiving meal budget activity Intro/Review: - Explain the shocks/surprises of costs of items needed for activity - Discuss (Group Activity cont.)Using newspaper grocery sale papers, etc., students will calculate costs to determine the cost of a Thanksgiving meal given in the guidelines of the assignment. Calculate costs compared to 2012 Thanksgiving meal (according to assignment instructions) SSEPF6 SSEPF 1,2,3, and 4 SSEPF1, 2,3 and 4 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Group comparisons on costs of items - who can save the most? THANKSGIVING BREAK! WEEK Week 17 DAY Monday, 12/2 CONCEPT Using Credit OBJECTIVES INSTRUCTIONAL STRATEGIES The costs and benefits of using credit Tuesday, 12/3 Using Credit The costs and benefits of using credit Wednesday, 12/4 Performance Essay SCIENCE & HEALTH/PE Insurance Explain the costs and benefits associated with different types of insurance. Thursday, 12/5 Review for Personal Finance Saving and investing, Insurance, Credit, Intro? What is credit - advantages and disadvantages PPT - Your Start to Financial Fitness - Maintaining Credit -Guided note taking Class Discussion Use interest rate calculations to determine real costs of items purchased in credit Class Discussion - Go over each groups findings Intro: What types of information is on one's credit report? Class Discussion PPT - cont. Managing Credit - 5 Key components of a Credit Report Establishing credit activity - "Show what you know Coach Activity (pairs) Begin EOCT Review - Study Material Intro: What types of insurance are you familiar with? Discussion PPT - Insurance Vocab related to insurance - (GA Coach activity0 Explain the difference between whole life insurance and term life insurance Study Guide for personal finance test Check EOCT study material Intro/Review: Scenario - using credit - calculating least expensive option 17 STANDARDS (CCGPS, GPS, AP) SSEPF3 SSEPF4 SSEPF5a, SSEPF5b SSEPF1 through 6 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Test Friday, 12/6 WEEK Week 18 DAY Monday, 12/9 Tuesday, 12/10 Wednesday, 12/11 Thursday, 12/12 Friday, 12/13 WEEK DAY Week 19 Benchmark Week #3 Monday, 12/16 Tuesday, 12/17 Wednesday, 12/18 Thursday, 12/19 Friday, 12/20 Personal Finance Test CONCEPT determining workers' earnings, budgeting Demonstrate understanding of personal finance OBJECTIVES EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review CONCEPT EOCT Review Study guide Q & A - Personal Finance Personal Finance Test When finished, work on EOCT study guide/review SSEPF1 through 6 INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) EOCT Review ECOT Review EOCT Review EOCT Review EOCT Review OBJECTIVES EOCT Review Semester Exams (Benchmark #3) – 7th Period Semester Exams (Benchmark #3) – 1st & 2nd Periods Semester Exams (Benchmark #3) – 3rd & 4th Periods Semester Exams (Benchmark #3) – 5th & 6th Periods End 1st Semester 18 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 1 DAY Monday, 1/6 Tuesday, 1/7 Wednesday, 1/8 Thursday, 1/9 Friday, 1/10 CONCEPT Syllabus and explain outline of course Pre-Test Resources & Scarcity Opportunity costs and factors of production Production Possibilities Curve (PPC) OBJECTIVES INSTRUCTIONAL STRATEGIES Professional Learning Day (Student Holiday) Explain class Intro: What is Economics - Discuss expectations, outline of G over syllabus and class expectations course syllabus Explain outline of course, EOCT, etc. Define scarcity and give Intro/Review: Why is Economics considered a "social examples of productive science" - Discuss resources Pre- PPT 1 - What is Scarcity (including vocabulary) Identify factors of Intro/Review: What is Scarcity and explain why production and give scarcity exists. examples of opportunity GCEE clip on scarcity, opportunity cists, and factors costs of production (resources) Group Activity: Show what you know - Identify examples of land, labor, capital, and entrepreneurship Draw and explain the points on the PPC WEEK Week 2 DAY Monday, 1/13 Tuesday, 1/14 CONCEPT Production Possibilities Curve Specialization OBJECTIVES Intro/Review: Identify resources that are used to product a bicycle? Name at least 5 resources and explain - Discuss PPT - Vocab - related to the PPC, opportunity costs, and cost-benefit analysis In pairs, students will create PPC graphs and explain how opportunity costs are shown on their graphs. INSTRUCTIONAL STRATEGIES Demonstrate understanding of the PPC Give examples of how individuals and 19 Intro/Review: What is a rational economic decision" - Discuss Groups will present their PPCs and, using corrected terminology, explain how opportunity costs are shown/measured on the PPC Intro/Review - What does the line on the PPC represent? STANDARDS (CCGPS, GPS, AP) SSEF1 SSEF1a, SSEF1b, SSEF1c, and SSEF1d SSEF1a - SSEF1d SSEF1a and b STANDARDS (CCGPS, GPS, AP) SSEF2a,b SSEF3a and b Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 1/15 Three basic economic questions every economy should answer businesses specialize PPT - Specialization, including vocabulary Activity: "Division of Labor" using paper activity Vocabulary (voluntary trade, assembly line production, efficiency, productivity - how are all similar - Discuss Explain how the three basic economic questions are answered in a market, command, and mixed economy Intro/Review: How does specialization make an economy more efficient? Show GCEE clip on now the three basic economic questions are answered PPT - rational economic decision making - answering the basic economic questions Using chart, students will identify characteristics of each type of economy (market, command, mixed) Intro/Review: Explain at least three benefits of a free enterprise system or a market economy PPT - Guided notes (explain vocabulary related to the role of government Activity 2-4 (pairs) Intro/Review: How do nations become more productive (think - PPC and unattainable point) PPT - Investing in technology, education, and economic growth Benefits of competition - Venn diagram (Section 2-2) Thursday, 1/16 Friday, 1/17 WEEK Week 3 DAY Monday, 1/20 Tuesday, 1/21 The role of government Productivity and its relationship to inputs and outputs Explain the difference between goods and services and how they are affected by regulation/deregulation Explain investment in equipment and technology and their relationship to economic growth CONCEPT OBJECTIVES Review for Unit 1 test Standards SSEF1 through SSEF6a,b INSTRUCTIONAL STRATEGIES 20 MLK HOLIDAY Intro/Review: Draw the PPC and explain how you would show opportunity cost, inefficient use of resources, efficient use of resources, and unattainable points on the PPC Study Guide and Unit 1 vocabulary Discussion, Question and answer SSEF41 and b SSEF5a, SSEF6a,b,c SSEF5a, SSEF5b, SSEF6a,b STANDARDS (CCGPS, GPS, AP) SSEF1a SSEF6a,b,c Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 1/22 Unit 1 Test Unit 1 test Thursday, 1/23 Begin Unit 2 (Microeconomic Concepts) Explain the flow of resources, goods, and money using the circular flow of economic activity Define Law of Demand (Microeconomic Concepts) Friday, 1/24 WEEK Week 4 DAY Monday, 1/27 Tuesday, 1/28 Wednesday, 1/29 Law of Demand CONCEPT Law of Demand Law of Demand Law of Supply OBJECTIVES Unit 1 Test - Standards SSEF1a - SSEF6c When finish test, draw and label circular flow in notes Begin Unit 2 Vocabulary Intro/Review: What is the difference between the factor market and the product market? PPT - Lecture - role of households, firms, factor market and product market Function of money as a medium of exchange Intro/Review What is meant by Demand in economics? PPT - Law of Demand and determinants of Demand Copy and give own examples of the Determinants of Demand INSTRUCTIONAL STRATEGIES Explain the difference between change in demand and change in quantity demanded Show, on a demand graph, the difference between a change in demand and a change in quantity demanded Define law of Supply 21 Intro/review: What has to occur to impact demand for a product? PPT and GCEE - Lecture: Demand and Supply In pairs, students will create demand graphs showing the difference between change in demand and change in quantity demanded Intro/Review: What are the determinants of demand and how do they impact the demand graph? Finish graphs in pairs Presentations - students will present their graphs, explaining a cause in demand and a cause that results in change in quantity demanded. Intro/Review: Who is impacted by a change in supply PPT - Change in supply, change in quantity supplied, SSEF1a - SSEF6c SSEMI1a,b SSEMI1a,b SSEMI2a STANDARDS (CCGPS, GPS, AP) SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Thursday, 1/30 Law of Demand and Law of Supply Incorporate law of demand and law of supply and graph price ceilings and price floors Friday, 1/31 Law of Demand and Law of Supply Explain law of demand and law of supply 22 and determinants of supply - guided notes Pairs - Give examples of determinants of supply and how they impact the supply curve Intro/Review: What are the demand determinants? Students will add the supply curve to their graphs Presentations - explain the impact of change in supply and change in quantity supplied on their graphs and show equilibrium. SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d Intro/Review : Define and give an example of income effect Terminology related to demand and supply, including equilibrium, demand elasticity Supply Determinants SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2d SSEMI2a, SSEMI2b, SSEMI2c, SSEMI2c and d Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 5 DAY CONCEPT OBJECTIVES Law of Supply and Demand Determinants Explain law of demand, law of supply, price ceilings and price floors Tuesday, 2/4 Price ceilings and price floors Wednesday, 2/5 Performance Essay ENGLISH & FINE ARTS Law of demand, law of supply, demand elasticity, price ceilings and p rice floors Draw graphs showing price ceilings, price floors, what leads to shortage, what leads to surplus Practicing supply/demand graphs and identifying key components Thursday, 2/6 Business and Market Structures Identify characteristics of three types of business structures/organizations Friday, 2/7 Business and Market structures Identify characteristics of the types of business organizations Monday, 2/3 INSTRUCTIONAL STRATEGIES Intro/Review: What is meant by government intervention? - Discuss PPT - Price ceilings and price floors Vocabulary related to price ceilings and price floors Surplus and Shortage Intro/Review: Draw a demand curve, label a price ceiling and label a price floor - discuss Group Activity - price ceilings/price floors Examples of what causes a shortage, examples of what causes a surplus. Intro/Review: Give examples of things that are considered to be inelastic and items that are considered to be elastic discuss Activity 6-1 Go over Activity 6-1 Complete practice activity in pairs - demand, supply, equilibrium, price ceilings, and price floors Intro/review: Cause and Effect (demand, supply/ prices; substitutes/complements) Discuss intro assignment PPT - Lecture: characteristics of types of business structures Complete chart/foldable - characteristics 0f sole prop., partnership, and corp. Intro/review: Give one advantage and one disadvantage of each of the legal forms of business PPT - and guided practice - completing chart of characteristics of each from of market structure Writing activity - paragraph - similarities and differences of business organizations 23 STANDARDS (CCGPS, GPS, AP) SSEMI2a SSEMI2d SSEMI2a SSEMI3a,b,c SSEMI2b SSEMI3c SSEMI2a,b,c,d; SSEMI3a,b,c; SSEMI4a,b,c SSEMI4a,b,c Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 6 Benchmark #1 DAY CONCEPT OBJECTIVES Monday, 2/10 ELECTIVES Market Structures Identify characteristics of the four types of market structures Tuesday, 2/11 SCIENCE Review for Benchmark 2 Wednesday, 2/12 SOCIAL STUDIES Benchmark 1 Thursday, 2/13 ENGLISH Unit 3 Macroeconomic Concepts Measuring Economic Growth Fundamentals of Economics and Microeconomic Concepts Fundamentals of Economics and Microeconomic Concepts Economic Growth - How is the consumer price index calculated and what does it measure? Friday, 2/14 MATH Determine how GDP is calculated INSTRUCTIONAL STRATEGIES Intro/Review: Explain the four types of business structures from least competitive to most competitive - Discuss. Begin Unit 2 Review Benchmark 2 study guide Intro/Review: Difference between PPC and supply/demand graphs Class review Questions/Answers over B-1 study guide Benchmark 1 Assessment (Will Include unit 1 and Unit 2) How does GDP measure the health of an economy? What is included/what is excluded from GDP WEEK Week 7 DAY CONCEPT OBJECTIVES Intro/Review: What is economic growth a and how is it measured? Class discussion PPT & GCEE clip - Measuring the health of the economy (Lecture) Activity: Calculating the Consumer Price index Intro: How do we determine whether people are spending more money in an economy or whether the prices have increased? PPT - Lecture - GDP Identifying intermediate goods vs. final goods (Activity) Complete Lesson 2, Activity 12, Parts A, B, and C, what is counted and what is not counted in GDP INSTRUCTIONAL STRATEGIES Monday, 2/17 Tuesday, 2/18 Winter Holiday! Professional Learning Day 24 STANDARDS (CCGPS, GPS, AP) SSEMI4a,b,c SSEF1 - SSEMIf4f SSEF1 - SSEMIf4f SSEMA1 SSEMA1a - f STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Wednesday, 2/19 Measuring Economic Growth Unemployment Thursday, 2/20 Economic Growth Calculate CPI. GDP, and Unemployment Friday, 2/21 Aggregate demand (AD) and Aggregate Supply (AS) What causes an increase or a decrease in AD and AS 25 Intro/Review: Explain the difference between GDP and CPD - discuss PPT - Types of unemployment/who is and who isn't counted in the unemployment rate Students will distinguish between cyclical, structural and frictional unemployment Calculate how unemployment is measured. SSEMA1a - F Intro/Review: What are the 3 leading economic indicators and what does each measure? Calculate CPI, GDP, unemployment Explain the difference between nominal vs. real GDP Foldable: types of unemployment SSEMA1a - f Intro/Review: What determines a nation's standard of living? PPT - Aggregate demand/aggregate supply Draw and label and AD graph - Show Aggregate supply curve Show an increase in AD and a decrease in AD (explain each) SSEMA Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 8 DAY CONCEPT OBJECTIVES Monday, 2/24 The Business Cycle Define and describe the stages/phases of the business cycle Tuesday, 2/25 The business cycle Students will demonstrate their understanding of the business cycle Wednesday, 2/26 Performance Essay SOCIAL STUDIES & CTAE Thursday, 2/27 Written Performance Written Performance The business cycle Identify GDP, CPI, and Unemployment and determine effects on business cycle Friday, 2/28 Economic Indicator quiz and types of taxes INSTRUCTIONAL STRATEGIES Intro/Review: What are events that can cause changes in AD and AS. PPT - Business Cycle Terms and drawing of Business cycle (what happens in the economy at each phase/stage of the business cycle) Students will draw the business cycle and label each phase, and label what is potentially happening with CPI, GDP, and unemployment at each phase. Business cycle vocabulary Intro/Review: What phase of the business cycle is unemployment the highest? Why? Discuss Business cycle/economic indicator worksheet (group activity) Business cycle/inflation/AD/AS Go over worksheet in class (each group will prepare to present a section) Written Performance Demonstrate understanding of economic indicators and then distinguish between three types of taxes 26 Intro/Review: What are the three leading economic indicators and explain what each measures Groups will present their section of the economic indicator worksheet Review: Identify types of unemployment Intro/Review: Name at least three types of taxes that individuals have to pay. Economic indicator quiz PPT - Types of Taxes Foldable: Progressive tax, proportional tax, and regressive tax (explain and give examples of each) STANDARDS (CCGPS, GPS, AP) SSEMA1e SSEMA1 - f SSEMI2 SSEMA1a - f SSEMA1a - F Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 9 WEEK Week 10 DAY Monday, 3/3 CONCEPT Review for Unit 3 Test OBJECTIVES INSTRUCTIONAL STRATEGIES Macroeconomic Concepts Intro: Q&A: (each student will write down questions they have over unit for clarification) Activity: Chapter 14, Section 1 - What are taxes study Guide to begin review of Unit 3 Intro: Question?? Unit 3 Test When finish test, begin vocabulary for unit 4 Tuesday, 3/4 Unit 3 Test Assessment of Macroeconomic Concepts Wednesday, 3/5 Unit 4 - Tools of Monetary Policy and The Federal Reserve Describe the organization of the Federal System Thursday, 3/6 The Federal Reserve Friday, 3/7 Contractionary vs. Expansionary Policy (monetary policy vs. fiscal policy) How does the Federal Reserve use monetary policy to promote price stability? (Fed tools) How does the Federal Reserve promote price stability through the tools of monetary policy vs. role of government to promote price stability DAY Monday, 3/10 CONCEPT Federal Reserve Intro: What is the Federal Reserve? Video (14 min. The Fed Today)*Approval with guided notes/questions to complete. Go over guided notes/questions from video Clarify vocabulary (H/) - Monetary Policy "info sheet" Reserve computer lab for students to complete "The Federal Reserve" activity OBJECTIVES Intro/Review: what are the three tools of monetary policy? Class discussion Handout - Go over expansionary vs. contractionary policy - How each tool is used to promote price stability Federal Reserve Comic Book - Monetary Policy Student activity: Identify Fiscal policy tools vs. monetary policy tools INSTRUCTIONAL STRATEGIES What is Money? 27 Intro: What is Money? STANDARDS (CCGPS, GPS, AP) SSEMA1a - f SSEMA1a - f SSEMA2a,b,c SSEMA2a,b,c SSEMA2a,b,c STANDARDS (CCGPS, GPS, AP) SSEMA Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Responsibilities Tuesday, 3/11 Role and Functions of the Federal Reserve and the use of Fiscal Policy Wednesday, 3/12 Review for Unit 4 Test Thursday, 3/13 Unit 4 Test Friday, 3/14 Compare and contrast monetary policy vs. Fiscal policy PPT - What is Money - characteristics and functions Morton AP Book: Activity 34 - Analyze how well each item in the activity would perform the function of money in today's economy - Discuss Compare and contrast M1 and M2 Intro/Review: Identify functions of money based on scenarios given Students will write a reflection explaining what they have learned in this unit. Share with others - discuss Tools of Fiscal Policy - Activity 30, Lesson 8 Morton book - Part A and Part B (pg. 503/504) Check for understanding/clarification Unit Study Guide Monetary Policy, Fiscal Give examples of how the government would use Policy, Money fiscal policy if their concern is inflation. What tools would the federal Reserve use? Explain Go over student explanations Students will draw a scenario, answer, then explain to class - check for understanding/clarification of monetary and fiscal policy tools Monetary Policy, Fiscal Intro: Q&A Policy, Functions and Unit 4 Test characteristics of Money When finish test, complete vocabulary for International Trade Professional Learning (Student Holiday) 28 SSEMA2, SSEMA3 SSEMA2,3 SSEMA2, SSEMA3 SSEIN1 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 11 DAY Monday, 3/17 CONCEPT Unit 5 International Trade OBJECTIVES INSTRUCTIONAL STRATEGIES Comparative Advantage vs. Absolute Advantage Tuesday, 3/18 International Trade Identify different types of trade barriers Wednesday, 3/19 Performance Essay MATH & FOREIGN LANG International Trade Explain the difference between protectionist and globalist views Thursday, 3/20 Professional Learning Early Release Trading Blocs Explain NAFTA, EU, and ASEAN 29 Intro: Why do nations trade? PPT - Explain comparative advantage and absolute advantage; answer the question: why do nations trade Pairs: Activity: determining comparative advantage vs. absolute advantage. (check for understanding of terminology) STANDARDS (CCGPS, GPS, AP) SSEIN1 Intro/Review: scenario (handout) Individual class assignment for intro: Identify comparative advantage vs. absolute advantage Work in pairs: Given examples, students will identify if the problem is embargo, quota, standards, or subsidies Go over trade barrier identification activity SSEIN1 and SSEIN2 Intro/Review: Comparative vs. Absolute advantage problem PPT - Go over why some oppose free trade and others promote free trade. Compare and contrast - work in pairs - create a poster labeling globalist vs. protectionist and why "Show what you know" GA Coach pg. 92 - Go over in class, reading answers. Computer Lab Assignment EQ: What are trading blocs and why do they exist? Research NAFTA, EU and ASEAN, explaining the following: Advantages/disadvantages, purpose, countries involved, who is helped - who is hurt power/responsibilities, what conclusion can you reach about each? SSEIN1, SSEIN2 SSEIN2 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Friday, 3/21 Professional Learning Early Release WEEK Week 12 Benchmark #2 (Friday) DAY Trading Blocs CONCEPT Explain NAFTA, EU, and ASEAN Computer Lab Assignment: Continue trading bloc assignment: Research NAFTA, EU and ASEAN, explaining the following: Advantages/disadvantages, purpose, countries involved, who is helped - who is hurt, power/responsibilities, what conclusion can you reach about each? International trade vocab quiz reminder OBJECTIVES INSTRUCTIONAL STRATEGIES Monday, 3/24 International Trade and Exchange rates Apply International trade vocabulary and calculate exchange rates Tuesday, 3/25 Exchange rates Explain how the currency in one nation affects trade with others Wednesday, 3/26 International Trade Unit Review Review for International Trade Unit Assessment Thursday, 3/27 International Trade Assessment Personal Finance International Trade Assessment Decision making - Friday, 3/28 EQ: What are exchange rates and how do fluctuations effect trade? International trade vocab. PPT - fluctuations in exchange rates and how they affect trade Student activity - (Morton book - Activity 53, Part A) Exchange Rates Intro/Review: Calculation activity Review: go over Moron exchange rate activity from previous day Student Activity (Morton book) activity 53, Part B Go over Activity 53, Part B International trade Unit Study guide to be given to students Intro/Review: What potentially happens to trade when the U.S. currency depreciates relative to other nations currency? Go over Intro/Review Review study guide answers - (Pairs) Go over Study Guide International Trade Unit Assessment Begin vocab for Personal Finance Intro: Explain the importance of rational economic 30 STANDARDS (CCGPS, GPS, AP) SSEIN2 SSEIN1, SSEIN2 SSEIN1, SSEIN2 SSEPF1 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham ELECTIVES personal spending and saving choices WEEK Week 13 Benchmark #2 (Monday – Thursday) DAY Monday, 3/31 MATH CONCEPT Begin Review for Benchmark 2 Tuesday, 4/1 SCIENCE Continue Benchmark 2 Review Wednesday, 4/2 SOCIAL STUDIES Thursday, 4/3 ENGLISH Benchmark 2 Assessment Spending, Saving, and Investing decision making related to spending and saving. Discuss PPT - Intro to Personal Finance (Fed reserve PPT Why is Money important?) class activity - answer questions at tend of PPT "Show what your know" activity - Coach eOCT book Create a "financial goals sheet" Personal Finance Vocab check OBJECTIVES INSTRUCTIONAL STRATEGIES Fundamentals of Economics, Microeconomic Concepts, Macroeconomic Concepts, Monetary Policy, Fiscal Policy, Money and International trade Fundamentals of Economics, Microeconomic Concepts, Macroeconomic Concepts, Monetary Policy, Fiscal Policy, Money and International trade Benchmark 2 Intro/Review: What is a rational economic decision Study Guide Think/Pair/Share: Create a demand/supply graph, show change in quantity demanded and change in demand (also supply) Think/Pair Share: What is the difference between a demand/Supply graph and a PPC Class time to work on study guide and ask questions Benchmark 2 Saving options 31 Intro/Review: List types of saving and investing options discussed on FED PPT - Why is Money Important" Discuss STANDARDS (CCGPS, GPS, AP) SSEF1 through SSIEN2 SSEF1 - SSEIN2 SSPF1, SSPF2 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Friday, 4/4 Buford’s Got Talent Financial Institutions for Savings Demonstrate understanding of interest rates SPRING BREAK! WEEK Week 14 DAY Monday, 4/14 CONCEPT Personal Finance OBJECTIVES The Role of Banks Wednesday, 4/16 Impact of inflation on spending and investing Who benefits and who loses from inflation Identify how interest rates and taxes effect different income levels Saving Comparing various investment options Intro/Review: Explain the difference between simple interest and compound interest Compare and contrast simple and compound interest by calculating each - activity go over calculations INSTRUCTIONAL STRATEGIES Tuesday, 4/15 PPT - Fed Reserve - Personal Finance Investing - Why students should understand investing Guided note-taking Complete PPT Review sheet in pairs - compare and contrast different types of saving/investing options Personal Finance vocab. check 32 Intro/Review: Interest rate calculation activity (simple vs. compound interest) PPT - Fed. Reserve - The Role of Banks Pair - Answer the "What do you know" section of PPT - Discuss/compare answers Intro/Review Explain how interest rates impact different income groups - Discuss Inflation - Causes and Effects GA Coach Book - Activity "Show What you Know" Complete the chart - compare answers with members of your group. Go over "Show What You Know" Intro/Activity: What is the difference between stocks and bonds? - discuss PPT - Fed - Investment Options Activity 5 - Economic Simulations maximizing Savings SSPPF STANDARDS (CCGPS, GPS, AP) SSEPF2 SSPF3 SSEPF2,3,4 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Thursday, 4/17 Friday, 4/18 Workers Earnings Budgeting Differentiate between types of withholding taxes Developing short and long term goals WEEK Week 15 DAY CONCEPT Monday, 4/21 Using credit Tuesday, 4/22 Insurance Wednesday, 4/23 Performance Essay SCIENCE & HEALTH/PE Thursday, 4/24 Review for Personal Finance Test Personal Finance Test OBJECTIVES Personal Finance Vocab check. Intro/Review: Compare and contrast different saving options discussed - go over Activity: Calculating workers earnings Differentiate between types of withholding taxes Intro/Review; List and explain several personal wealth creation strategies that lead to success Discuss PPT - Fed - Creating Financial Stability - Guided Notes Review list of short and long term goals - class discussion INSTRUCTIONAL STRATEGIES The costs and benefits of using credit Explain the costs and benefits associated with different types of insurance Intro: What is credit - advantages and disadvantages 33 SSEPF 1,2,3, 4, SSEPG6 STANDARDS (CCGPS, GPS, AP) SSEPF3 SSEPF4 Intro: What types of insurance are you familiar with? Discussion PPT - Insurance Vocab related to insurance - (GA Coach activity) Explain the difference between whole life insurance and term life insurance Study Guide for Personal Finance Test Give EOCT study materials Intro/Review: Scenario - using credit - calculating least expensive options Study guide Q&A - Personal Finance Personal Finance Test EOCT Study Guide SSEPF1 - SSEPF6 Saving and Investing, Insurance, Credit, determining workers' earnings, budgeting Demonstrate understanding of Personal Finance SSEPF6 SSEPF1 - SSEPF6 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham Friday, 4/25 WEEK Week 16 WEEK Week 17 DAY Monday, 4/28 Tuesday, 4/29 Wednesday, 4/30 Thursday, 5/1 Friday, 5/2 DAY Monday, 5/5 Tuesday, 5/6 Wednesday, 5/7 Thursday, 5/8 Friday, 5/9 CONCEPT EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review CONCEPT EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review OBJECTIVES EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review Week 18 DAY Monday, 5/12 Tuesday, 5/13 Wednesday, 5/14 Thursday, 5/15 Friday, 5/16 CONCEPT EOCT Review EOCT Review EOCT Review EOCT EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review OBJECTIVES EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review AP Exams Monday, 5/5 – AP Chem (AM), AP Enviro Science (AM), and AP Psych(PM) Wednesday, 5/7 – AP Calculus (AM) Thursday, 5/8 – AP English Literature (AM) Friday, 5/9 – AP English Language (AM), AP Art (AM), and AP Statistics (PM) WEEK INSTRUCTIONAL STRATEGIES INSTRUCTIONAL STRATEGIES AP Exams Monday, May 12 – AP Biology (AM) and AP Music Theory (AM) Tuesday, May 13 – AP Government (AM) and AP Human Geography (PM) Wednesday, May 15 – AP US History (AM) Thursday, May 16 – AP Macroeconomics (AM) and AP World History (AM) STANDARDS (CCGPS, GPS, AP) EOCT Review EOCT Review EOCT Review EOCT Review EOCT Review Career Pathways Testing Tuesday, 5/6 Make-Up Exams As Needed OBJECTIVES EOCT Review EOCT Review EOCT Review EOCT STANDARDS (CCGPS, GPS, AP) ALL INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) EOCT Review EOCT Review EOCT Review EOCT EOCTs Thursday, 5/15 – Economics Friday, 5/16 – 9th Lit & Comp, American Lit & Comp, & Analytic Geometry (Other EOCTs will be given during Semester Exam periods.) 34 Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: Semester 1 and 2 TEACHER(S): Cheryl Whigham WEEK Week 19 Benchmark #3 DAY Monday, 5/19 Tuesday, 5/20 Wednesday, 5/21 Thursday, 5/22 Friday, 5/23 CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Senior Exams (Benchmark #3 – 4th, 5th, 6th, & 7th) Senior Exams (Benchmark #3 – 1st, 2nd, & 3rd) / Semester Exams (Benchmark #3 – 7th) Semester Exams (Benchmark #3 – 1st & 2nd) Semester Exams (Benchmark #3 – 3rd & 4th) Semester Exams (Benchmark #3 – 5th & 6th) 35 STANDARDS (CCGPS, GPS, AP)