Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 1 DAY Friday, 8/3 Monday, 8/6 Week 2 Syllabus and Pretest Resources and scarcity Tuesday, 8/7 Opportunity Costs and Factors of Production Wednesday, 8/8 Production Possibilities Curve (PPC) Production Possibilities Curve Thursday, 8/9 WEEK CONCEPT Friday, 8/10 Specialization DAY CONCEPT Monday, 8/13 Three basic economic questions OBJECTIVES INSTRUCTIONAL STRATEGIES Review syllabus students will take a pretest (Economic Fundamentals) Define scarcity and how it fits into economics Identify factors of production and give examples of opportunity costs Baseline Economics Pre-Test Draw and explain how the PPC shows opportunity cost Students will demonstrate their understanding of the PPC Explain scarcity, opportunity costs, factors of production and how they all relate to the PPC and answer the three basic economic questions. OBJECTIVES Vocab. Using powerpoint from website, go over the fundamental vocab as used in context. Ans. End with three questions related to scarcity SSEF1.a SSEF1.b, SSEF1c, SSEF1.d Group Activity (show what you know) identifying examples of land, labor, capital, and entrepreneurship. (GCEE clip on scarcity, opportunity costs, and factors of production) – GCEE is the Georgia Council on Economic Education series of short video clips PowerPoint on vocab related to PPC, opportunity costs, cost-benefit analysis. Students will Complete Activity 2, Sections C and D from “Morton” book. Groups will present their graphs and, using terminology, explain how opportunity costs is shown/measured on the PPC. SSEF1.a, SSEF1.b, SSEF1c, SSEF1.d Quiz over terms and concepts related to Stds. SSEF1.a through SSEF3.b Students will demonstrate “Division of Labor”, using “paper’ activity. Activity: Advantages of specialization (paper chain activity) SSEF1.a – SSEF3.b INSTRUCTIONAL STRATEGIES Students will explain how the three basic economic questions are Show GCEE clip on how the three basic economic questions are answered. Using chart, students will identify characteristics of each type of economy. 1 STANDARDS (CCGPS, GPS, AP) ALL SSEF2.a, SSEF2.b, SSEF3.a, SSEF3.b SSEF2.a, SSEF2.b, SSEF3.a, SSEF3.b STANDARDS (CCGPS, GPS, AP) SSEF4.a, SSEF4.b Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 3 Tuesday, 8/14 The Role of Government Wednesday, 8/15 Review Thursday, 8/16 Unit 1 Test Friday, 8/17 Begin Unit 2 Microeconomic Concepts - Goods, Services, and Money Law of Demand DAY CONCEPT Monday, 8/20 Law of Demand Tuesday, 8/21 Law of Demand Wednesday, 8/22 Law of Supply answered in a Market economy, Command Economy, and Mixed economy Explain the difference between goods and services and how they are affected by regulation/deregulation Give examples of stds SSEF1.a – SSEF5.b Fundamentals of Economics – Unit 1 Test Students will explain the flow of resources, goods, and money using the Circular Flow of Economic Activity Define law of demand (Microeconomic Concepts) OBJECTIVES Guided note taking with PowerPoint that explains terminology related to The Role of Government. SSEF6.a, SSEF6.b, SSEF6.c Review economic fundamentals – Bring questions related to fundamentals of economics PPT Review Test SSEF1.a – SSEF5.b Complete “Show What You Know” by drawing the diagram of the Circular Flow of economic activity show on the diagram how money, resources, and goods “flow” between product and factor markets and households and businesses. Use PPT to explain law of demand and how determinants of demand effect change in demand (show GCEE clip) SSEI1.a, SSEMI1.b 2 SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a Students will complete a group activity show the difference between change in demand and change in quantity demanded. STANDARDS (CCGPS, GPS, AP) SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3C Presentations. Students will present their graph and explain the determinant that caused a change in demand and how price affects change in quantity demanded SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c PowerPoint showing change in supply, change in quantity SSEMI2.a, SSEMI2.b, 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 SSEF1a – SSEF6.c Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham supplied, and the determinants of supply – guided notes WEEK Week 4 Performance Essay Thursday, 8/23 Law of Supply Friday, 8/24 Law of Demand and Supply and equilibrium price DAY Monday, 8/27 Price ceilings and Price floors Tuesday, 8/28 Review Wednesday, 8/29 Thursday, 8/30 Friday, 8/31 WEEK Week 5 Benchmark Week #1 CONCEPT DAY Monday, 9/3 Tuesday, 9/4 Wednesday, 9/5 Explain the difference between change in supply and change in quantity supplied Incorporate law of demand and law of supply Students will add to previously created graph and incorporate examples of change in Supply. Presentations: Students present graphs explaining their law of supply “shifts” what determinant causes the “shift” OBJECTIVES INSTRUCTIONAL STRATEGIES Explain the difference between a price ceiling and a price floor PowerPoint – note-taking on price ceilings and price floors. Demonstrate on board how a price ceiling is shown on a graph and how a price floor is shown on a graph. Explain what brings about shortages and surpluses in the market. Go over terminology related to Standards; Quiz Explain law of supply, law of demand, determinants, price ceilings and price floors Analyze current events that relate to supply and demand concepts – compare and contrast Students will identify Complete chart (guided assistance) listing the Business and characteristic of the characteristics of the four legal forms of business (sole Market structures three types of business proprietorship, partnership, corporation0 structures Professional Learning (Early Release) CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c STANDARDS (CCGPS, GPS, AP) SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c, SSEMI3c SSEMI4.a; SSEMI4.b STANDARDS (CCGPS, GPS, AP) LABOR DAY HOLIDAY LANGUAGE ARTS + FINE ARTS – Go over types of “Market Structures” and identify characteristics of each. SSEMI4.a; SSEMI4.bc, SSEMI4.c MATH + FOREIGN LANGUAGE – Continue business and market structures 3 Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Thursday, 9/6 Friday, 9/7 WEEK Week 6 WEEK Week 7 Performance Essay DAY SCIENCE + HEALTH/PE – Review for Benchmark SOCIAL STUDIES + CTAE – Benchmark #1 – Standards SSEF1.a – SSEF1.d; SSEFM.a – SSEMI.c CONCEPT OBJECTIVES Monday, 9/10 Market Structures Complete a chart (as I go over a PowerPoint on characteristic) of Perfect competition, monopolistic competition, Oligopoly, and Monopoly Tuesday, 9/11 Review Unit 2 Microeconomics Wednesday, 9/12 (MACRO) Unit 3 Measuring Economic Activity Identify the characteristics of the four types of market structures Students will review for Unit 2 test over Microeconomic concepts Unit 3 - How is the consumer price index calculated Thursday, 9/13 Determine how GDP is calculated Friday, 9/14 DAY Monday, 9/17 Tuesday, 9/18 INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) SSEMI4a - c Review – using powerpoint game, SSEMI1.a - SSEMI4a.c Measuring the Economy PPT – Show GCEE clip – Explain consumer price index and how it relates to measuring inflation/deflation. Students will calculate Consumer Price Index. SSEMA1.a; SSEMA1.c Cont. GDP component of “measuring the economy PPT. Complete Lesson 2, Act 12, Parts A, B, and C, identifying what is counted in GDP. Go over answers in class. Students will distinguish between cyclical, structural, and frictional unemployment. Given scenarios, students will identify the different types of unemployment. Calculate how unemployment is measured. Create a flip chart explaining the types the three leading economic indicators SSEMA1.a, SSEMA1b, SSEMA1c Measuring Economic Activity How does GDP measure the health of an economy What are the three types of unemployment CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Calculate CPI, GDP, and unemployment Measuring Economic Measurement Quiz Quiz: calculate CPI, GDP, and unemployment. – Current event –unemployment. Analyze how CPI, GDP, Read "Economic Outlook Mid 2012" and explain how the 4 SSEMA1.a, SSEMA1.b, SSEMA1c STANDARDS (CCGPS, GPS, AP) SSEMA1.a, SSEMA1.b, SSEMA1c Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Economic Activity Wednesday, 9/19 Thursday, 9/20 Friday, 9/21 WEEK Week 8 WEEK Week 9 DAY and Unemployment measure the health of an economy SOCIAL STUDIES + CTAE Aggregate Analyze the demand determinants of Aggregate Analyze the demand determinants of Aggregate Demand economic indicators play a role in reporting. Create a flip chart describing the three types of unemployment PPT – explaining AD and AS and will begin analyzing shifts in the aggregate demand curve Students will practice relating a determinant to shifts in aggregate demand CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Monday, 9/24 Aggregate Supply Tuesday, 9/25 The business cycle Analyze the determinants of Define and describe the stages/phases of the business cycle Wednesday, 9/26 The business cycle Students will “test” their understanding of the business cycle Thursday, 9/27 The business cycle Friday, 9/28 Quiz Identify GDP, CPI, and Unemployment determinations affect the business cycle Quiz Review ppt on AD and AS. Students will begin analyzing shifts in the aggregate supply curve CGEE clip – Terminology related to the business cycle. Define the terms related to the business cycle and given examples of things occurring during each phase (recession, depression, growing economy) Analyze graph and identify the number of business cycles that occurred between 1980 and 2001. (Complete Activity 17 - :Test Your Understanding of Macroeconomic Indicators) Analyze examples of GDP, CPI, and Unemployment match with the phases of the business cycle DAY Monday, 10/1 CONCEPT The Federal Reserve System Students will be quizzed over economic indicators OBJECTIVES INSTRUCTIONAL STRATEGIES Students will become familiar with the purpose of The Fed Federal Reserve video "A walk through the Federal Reserve" Vocab related to The Fed (FOCM, Fed Chairman, monetary policy 5 SSEMA1 SSEMA1b STANDARDS (CCGPS, GPS, AP) SSEMA1b SSEMA1.d SSEMA1.d SSEMA1.d SSEMA1,b, c, and d STANDARDS (CCGPS, GPS, AP) SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Tuesday, 10/2 Tools of Monetary Policy Students will analyze the tools of the Federal Reserve Wednesday, 10/3 Contractionary vs. Expansionary Policy Federal Reserve Responsibilities How are the tools of Federal Reserve are used What is money? Review Review for Benchmark which will be comprehensive including Unit 5 Thursday, 10/4 Friday, 10/5 WEEK DAY D Week 10 Benchmark Week #2 Monday, 10/8 Tuesday, 10/9 Wednesday, 10/10 Thursday, 10/11 Friday, 10/12 Monday, 10/15 Tuesday, 10/16 CONCEPT OBJECTIVES Week 11 DAY Monday, 10/22 Update INSTRUCTIONAL STRATEGIES SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b STANDARDS (CCGPS, GPS, AP) LANGUAGE ARTS + FINE ARTS MATH + FOREIGN LANGUAGE SOCIAL STUDIES + CTAE SCIENCE + HEALTH/PE Vocab International Trade - Begin Unit 5 Professional Learning Day (Student Holiday) FALL HOLIDAY Define terms related to Students will define terms in text and write sentence International Trade using each term. Go over terms Wednesday, 10/17 Thursday, 10/18 Friday, 10/19 WEEK Explain how the leading economic indicators affect monetary policy. Vocab. Define terms related to monetary policy (textbook) Complete "Show What You Know" activity applying monetary terms. Complete "Tools of Monetary Policy" Activity (AP Morton Book) Activity 34 (Morton AP Book) Analyze how well each item in the activity would perform the function of money in today's economy. Explain M1 and M2 using PowerPoint Students will complete a series of "lesson Practices" in preparation of the Benchmark - Go over in class. SSEIN1.a, SSEIN1.b, and SSEIN1.c PSAT/ASVAB/College Fair Professional Learning (Early Release) HOMECOMING (Early Release) CONCEPT Federal Reserve Responsibilities OBJECTIVES What is Money INSTRUCTIONAL STRATEGIES PPT – What is money; continue monetary policy – go over vocabulary and apply the “tools” to economic conditions 6 STANDARDS (CCGPS, GPS, AP) SSEMA2.a; SSEMA2.b; SSMEA2.c SSEMA3.b Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 12 Performance Essay WEEK Week 13 Tuesday, 10/23 Federal Reserve Monetary Policy Wednesday, 10/24 Federal Reserve – Monetary Policy Thursday, 10/25 Unit 5 Test Friday, 10/26 International Trade DAY CONCEPT How are the tools of the Federal Reserve Used Calculate the “Ms” and Reserve Requirement Review for Unit 5 Test Why Nations Trade Activity “What’s All This About the Ms?” Create Monetary Policy Foldable SSEMA2.a , b, and c Activity 35; Lesson 1 Calculate reserve requirement SSEMA2 a, b, and c Unit 5 Test SSEIN1.a, SSEIN1.b, and SSEIN1.c SSEIN1a,b,c; SSEIN2 Concepts of absolute and comparative advantage OBJECTIVES Monday, 10/29 Trading Blocs Tuesday, 10/30 Review for Quiz Wednesday, 10/31 Thursday, 11/1 MATH + FOREIGN LANGUAGE Exchange Rates Calculate exchange rates Friday, 11/2 Exchange Rates Explain how the currency in one nation affect trade with others CONCEPT OBJECTIVES DAY Monday, 11/5 International Trade and Exchange Rates Tuesday, 11/6 Review Unit on International Trade. International Wednesday, 11/7 INSTRUCTIONAL STRATEGIES Explain NAFTA, EU, and ASEAN Quiz Compare and contrast NAFTA, EU, and ASEAN Vocab realted to International trade, comparative adv. vs. absolute adv. trade barriers, and trade blocs Activity explaining how currency is converted In groups, students will analyze how exchange rates affect trade with other countries. INSTRUCTIONAL STRATEGIES Explore how global trade and free market policies might personally affect them Review for Unit test Complete activity "Trade Secrets" (group activity) Unit 5 Test Unit 5 test STANDARDS (CCGPS, GPS, AP) SSEIN1.a, SSEIN1.b, and SSEIN1.c SSEIN1.a, SSEIN1.b, and SSEIN1.c SSEIN3.a, SSEIN3.b, SSEIN3.c, SSEIN3.d SSEIN3.a, SSEIN3.b, SSEIN3.c, SSEIN3.d STANDARDS (CCGPS, GPS, AP) SSEIN3.a, SSEIN3.b, SSEIN3.c, SSEIN3.d Unit 4 Test 7 SSEIN3.a, Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Trade WEEK Week 14 Benchmark Week #3 SSEIN3.b, SSEIN3.c, SSEIN3.d Thursday, 11/8 Personal Finance Vocabulary Friday, 11/9 Review Benchmark Review DAY CONCEPT PowerPoint (take notes) and begin defining vocab related to spending, saving, and investing. Go over student generated questions pertaining to Units 1 through 5 OBJECTIVES Monday, 11/12 Review Tuesday, 11/13 Wednesday, 11/14 Thursday, 11/15 Friday, 11/16 SCIENCE + HEALTH/PE SOCIAL STUDIES + CTAE LANGUAGE ARTS + FINE ARTS MATH + FOREIGN LANGUAGE INSTRUCTIONAL STRATEGIES Benchmark Review Complete written review of units 1 through 5 including spending, saving and investing questions SSEF1a - SSEIN3d STANDARDS (CCGPS, GPS, AP) SSEF1a - SSEIN3d THANKSGIVING BREAK WEEK Week 15 Performance Essay DAY Monday, 11/26 Tuesday, 11/27 Wednesday, 11/28 Thursday, 11/29 Friday, 11/30 WEEK Week 16 DAY Monday, 12/3 CONCEPT OBJECTIVES Personal Finance Rational decisions and financial planning Personal Finance Complete a personal budget SCIENCE + HEALTH/PE Financial Demonstrate Institutions for understand of interest Savings rates Vocabulary Spending, Saving, and Investing CONCEPT Personal Finance Create a budget activity STANDARDS (CCGPS, GPS, AP) SSEPF1.a Create personal budget SSEPF1.a Compare and contrast different types of interest (simple interest vs. compound interest) SSEPF2 Vocab. Types of Investments: bonds, mutual funds, stocks, capital gains SSEPF2 INSTRUCTIONAL STRATEGIES OBJECTIVES INSTRUCTIONAL STRATEGIES Quiz over terms Demonstrate understanding of personal finance terms and distinguish between types of savings and investments 8 STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 17 Tuesday, 12/4 Monetary and Fiscal Policies Explain how monetary and fiscal policies impact spending and savings Simple and Compound Interest Explain the difference between types of insurances Explain employee/employer withholding PPT – GCEE clip. Create activity explaining how interest rates have impact on saving and investing SSEPF4 Wednesday, 12/5 Cost of credit Calculate simple and compound interest SSEPF5 Thursday, 12/6 Insurance Term Life vs. whole life – PPT over types of insurances – note taking. Factors that influence insurance rates SSEPF5 Friday, 12/7 Workers earnings PPT – Calculate withholding (Medicare, Social Security, Federal taxes and State Taxes) SSEPF6 CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Tuesday, 12/11 Review for Personal Finance Test Review for EOCT Students will demonstrate understand of personal finance EOCT Review Wednesday, 12/12 Thursday, 12/13 Friday, 12/14 Review for EOCT Review for EOCT Review for EOCT EOCT Review EOCT Review EOCT Review DAY Monday, 12/10 WEEK DAY Week 18 Benchmark Week #4 Monday, 12/17 Tuesday, 12/18 Wednesday, 12/19 Thursday, 12/20 Friday, 12/21 CONCEPT Personal Finance Test Students will receive a comprehensive study guide and will work on this in class and homework Continue to complete and go over EOCT Study Guide EOCT Review Study guide should be complete and corrected OBJECTIVES INSTRUCTIONAL STRATEGIES Semester Exams (Benchmark #4) – 7th Period Semester Exams (Benchmark #4) – 1st & 2nd Periods Semester Exams (Benchmark #4) – 3rd & 4th Periods Semester Exams (Benchmark #4 – 5th & 6th Periods Professional Learning Day (Student Holiday) 9 STANDARDS (CCGPS, GPS, AP) SSEPF1 – SSEPF6 SSEF1 – SSPF6 SSEF1 – SSPF6 SSEF1 – SSPF6 SSEF1 – SSPF6 STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 1 DAY Monday, 1/7 Tuesday, 1/8 Wednesday, 1/9 WEEK Week 2 CONCEPT Syllabus and Pretest Resources and scarcity Thursday, 1/10 Opportunity Costs and Factors of Production Friday, 1/11 Production Possibilities Curve (PPC) DAY CONCEPT Monday, 1/14 Production Possibilities Curve Tuesday, 1/15 Specialization Wednesday, 1/16 Three basic economic OBJECTIVES INSTRUCTIONAL STRATEGIES Professional Learning Day (Student Holiday) Review syllabus students Baseline Economics Pre-Test will take a pretest (Economic Vocab. Using powerpoint from website, go over the Fundamentals) Define fundamental vocab as used in context. Ans. End with three scarcity and how it fits questions related to scarcity into economics Identify factors of Group Activity (show what you know) identifying examples of production and give land, labor, capital, and entrepreneurship. (GCEE clip on examples of opportunity scarcity, opportunity costs, and factors of production) – GCEE costs is the Georgia Council on Economic Education series of short video clips Draw and explain how PowerPoint on vocab related to PPC, opportunity costs, costthe PPC shows benefit analysis. Students will create graphs and explain how opportunity cost opportunity costs are shown on their graph. OBJECTIVES Students will demonstrate their understanding of the PPC Explain scarcity, opportunity costs, factors of production and how they all relate to the PPC and answer the three basic economic questions. Students will explain how the three basic INSTRUCTIONAL STRATEGIES Groups will present their graphs and, using terminology, explain how opportunity costs is shown/measured on the PPC. STANDARDS (CCGPS, GPS, AP) ALL SSEF1.a SSEF1.b, SSEF1c, SSEF1.d SSEF1.a, SSEF1.b, SSEF1c, SSEF1.d SSEF2.a, SSEF2.b, SSEF3.a, SSEF3.b STANDARDS (CCGPS, GPS, AP) SSEF2.a, SSEF2.b, SSEF3.a, SSEF3.b Quiz over terms related to Stds. SSEF1.a through SSEF3.b Students will demonstrate “Division of Labor”, using “paper’ activity. Activity: Advantages of specialization (paper chain activity) SSEF1.a – SSEF3.b Show GCEE clip on how the three basic economic questions are answered. Using chart, students will identify SSEF4.a, SSEF4.b 10 Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham questions WEEK Week 3 Thursday, 1/17 The Role of Government Friday, 1/18 Review DAY Monday, 1/21 Tuesday, 1/22 Wednesday, 1/23 CONCEPT economic questions are answered in a Market economy, Command Economy, and Mixed economy Explain the difference between goods and services and how they are effected by regulation/deregulation Give examples of stds. SSEF1.a – SSEF5.b characteristics of each type of economy. Guided note taking with PowerPoint that explains terminology related to The Role of Government. SSEF6.a, SSEF6.b, SSEF6.c Review economic fundamentals – Bring questions related to fundamentals of economics PPT Review SSEF1.a – SSEF5.b OBJECTIVES INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) MLK HOLIDAY Unit 1 Test Thursday, 1/24 Begin Unit 2 Microeconomic Concepts - Goods, Services, and Money Law of Demand Friday, 1/25 Law of Demand Fundamentals of Economics – Unit 1 Test Students will explain the flow of resources, goods, and money using the Circular Flow of Economic Activity Define law of demand (Microeconomic Concepts) Test SSEF1a – SSEF6.c Complete “Show What You Know” by drawing the diagram of the Circular Flow of economic activity show on the diagram how money, resources, and goods “flow” between product and factor markets and households and businesses. SSEI1.a, SSEMI1.b Use PPT to explain law of demand and how determinants of demand effect change in demand (show GCEE clip) Explain the difference between change in demand and change in quantity demanded Students will complete a group activity show the difference between change in demand and change in quantity demanded. SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3C 11 Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 4 Performance Essay WEEK Week 5 Benchmark Week #1 DAY CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Show, on a demand graph, the difference between a change in demand and a change in quantity demanded Define law of supply Presentations. Students will present their graph and explain the determinant that caused a change in demand and how price affects change in quantity demanded Monday, 1/28 Law of Demand Tuesday, 1/29 Law of Supply Wednesday, 1/30 Thursday, 1/31 LANGUAGE ARTS + FINE ARTS Law of demand Incorporate law of and law of supply demand and law of supply and graph price ceilings and price floors Friday, 2/1 Review for benchmark DAY Monday, 2/4 Tuesday, 2/5 Wednesday, 2/6 Thursday, 2/7 Friday, 2/8 CONCEPT Review for Benchmark PowerPoint showing change in supply, change in quantity supplied, and the determinants of supply – guided notes Presentations: Students present graphs explaining their law of supply “shifts” what determinant causes the “shift” Review for benchmark OBJECTIVES LANGUAGE ARTS + FINE ARTS MATH + FOREIGN LANGUAGE SCIENCE + HEALTH/PE SOCIAL STUDIES + CTAE Review Explain law of supply, law of demand, INSTRUCTIONAL STRATEGIES Go over terminology related to Standards; Quiz 12 STANDARDS (CCGPS, GPS, AP) SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c STANDARDS (CCGPS, GPS, AP) SSEMI2.a, SSEMI2.b, Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham determinants, price ceilings and price floors WEEK Week 6 DAY Monday, 2/11 CONCEPT Law of Supply and demand determinints Tuesday, 2/12 WEEK Week 7 OBJECTIVES Go over terminology related to Standards; Quiz Complete chart (guided assistance) listing the characteristics of the four legal forms of business (sole proprietorship, partnership, corporation0 INSTRUCTIONAL STRATEGIES Wednesday, 2/13 Market Structures Thursday, 2/14 Review Unit 2 Microeconomics Friday, 2/15 (MACRO) Unit 3 Measuring Economic Activity CONCEPT OBJECTIVES DAY INSTRUCTIONAL STRATEGIES Explain law of supply, law of demand, determinants, price ceilings and price floors Students will identify characteristic of the three types of business structures Identify the characteristics of the four types of market structures Students will review for Unit 2 test over Microeconomic concepts Unit 3 - How is the consumer price index calculated Business and Market structures SSEMI2.c, SSEMI3.a, SSEMI3c, SSEMI3c STANDARDS (CCGPS, GPS, AP) SSEMI2.a, SSEMI2.b, SSEMI2.c, SSEMI3.a, SSEMI3c, SSEMI3c SSEMI4.a; SSEMI4.b Complete a chart (as I go over a PowerPoint on characteristic) of Perfect competition, monopolistic competition, Oligopoly, and Monopoly SSEMI4a - c Review – using powerpoint game, SSEMI1.a SSEMI4a.c Measuring the Economy PPT – Show GCEE clip – Explain consumer price index and how it relates to measuring inflation/deflation. Students will calculate Consumer Price Index. SSEMA1.a; SSEMA1.c Monday, 2/18 WINTER HOLIDAY 13 STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Performance Essay Tuesday, 2/19 Wednesday, 2/20 Thursday, 2/21 Determine how GDP is calculated Friday, 2/22 Measuring Economic Activity Monday, 2/25 Calculate CPI, GDP, and unemployment Measuring Economic Activity Tuesday, 2/26 Wednesday, 2/27 Thursday, 2/28 Friday, 3/1 How does GDP measure the health of an economy What are the three types of unemployment Economic Measurement Quiz Analyze how CPI, GDP, and Unemployment measure the health of an economy SOCIAL STUDIES + CTAE Aggregate Analyze the demand determinants of Aggregate Analyze the demand determinants of Aggregate Demand WINTER HOLIDAY WINTER HOLIDAY Cont. GDP component of “measuring the economy PPT. Complete Lesson 2, Act 12, Parts A, B, and C, identifying what is counted in GDP. Go over answers in class. Students will distinguish between cyclical, structural, and frictional unemployment. Given scenarios, students will identify the different types of unemployment. Calculate how unemployment is measured. Create a flip chart explaining the types the three leading economic indicators Quiz: calculate CPI, GDP, and unemployment. – Current event –unemployment. SSEMA1.a, SSEMA1b, SSEMA1c SSEMA1.a, SSEMA1.b, SSEMA1c SSEMA1.a, SSEMA1.b, SSEMA1c Read "Economic Outlook Mid 2012" and explain how the economic indicators play a role in reporting. Create a flip chart describing the three types of unemployment PPT – explaining AD and AS and will begin analyzing shifts in the aggregate demand curve Students will practice relating a determinant to shifts in aggregate demand 14 SSEMA1 SSEMA1b Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 8 WEEK Weeks 9/10 Benchmark Week #2 DAY CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Monday, 3/4 Aggregate Supply Tuesday, 3/5 The business cycle Analyze the determinants of Define and describe the stages/phases of the business cycle Wednesday, 3/6 The business cycle Thursday, 3/7 The business cycle Review ppt on AD and AS. Students will begin analyzing shifts in the aggregate supply curve CGEE clip – Terminology related to the business cycle. Define the terms related to the business cycle and given examples of things occurring during each phase (recession, depression, growing economy) Analyze graph and identify the number of business cycles that occurred between 1980 and 2001. (Complete Activity 17 - :Test Your Understanding of Macroeconomic Indicators) Analyze examples of GDP, CPI, and Unemployment match with the phases of the business cycle Friday, 3/8 Quiz DAY CONCEPT Students will “test” their understanding of the business cycle Identify GDP, CPI, and Unemployment determinations affect the business cycle Quiz Students will be quizzed over economic indicators OBJECTIVES Monday, 3/11 Review for Benchmark #2 Illustrate the means by which economic activity is measured Tuesday, 3/12 Wednesday, 3/13 Thursday, 3/14 Friday, 3/15 LANGUAGE ARTS + FINE ARTS Benchmark #2 Monday, 3/18 Taxes Tuesday, 3/19 Wednesday, 3/20 Taxes Monetary Policy INSTRUCTIONAL STRATEGIES Review for Benchmark #2 by going over old tests, and going over the study guide for Benchmark #2 STANDARDS (CCGPS, GPS, AP) SSEMA1b SSEMA1.d SSEMA1.d SSEMA1.d SSEMA1,b, c, and d STANDARDS (CCGPS, GPS, AP) SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b Professional Learning (Student Holidays) Explain the difference between Progressive (Go over Benchmark #2) PPT – Types of taxes. Graphic taxes, Proportional taxes organizer of different types of taxes. Vocabulary and Regressive taxes Progressive, Proportional, and Regressive Taxes (cont.) Create a foldable Federal Reserve video "A walk through the Federal Reserve" 15 SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Vocab related to The Fed (FOCM, Fed Chairman, monetary policy Thursday, 3/21 Friday, 3/22 WEEK Week 11 Performance Essay DAY Early Release CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES Monday, 3/25 Tools of Monetary Policy Students will analyze the tools of the Federal Reserve Explain how the leading economic indicators affect monetary policy. Vocab. Define terms related to monetary policy (textbook) Tuesday, 3/26 Contractionary vs. Expansionary Policy What is Money Wednesday, 3/27 Thursday, 3/28 Friday, 3/29 Complete "Show What You Know" activity applying monetary terms. Complete "Tools of Monetary Policy" Activity (AP Morton Book) Morton Book Activity and Review for Unit 5 Test. Contractionary vs. Expansionary Policy – complete foldable re: Tools of Monetary Policy SSEMA2.b; SSEMA3.c Federal Reserve What is money? Activity 34 (Morton AP Book) Analyze how well each item in Responsibilities the activity would perform the function of money in today's economy. Explain M1 and M2 using PowerPoint Unit 5 Test and Begin International Trade - Begin Unit 6 Test – Monetary Policy Define terms related to International Trade After Monetary Policy Test, Students will define terms in text related to International Trade. Wsentence using each term. Go over terms. 16 STANDARDS (CCGPS, GPS, AP) SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEMA2.a, SSEMAw.b, SSEMA2.c, SSEMA3.b SSEIN1.a, SSEIN1.b, and SSEIN1.c Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham WEEK Week 12 Performance Essay DAY CONCEPT OBJECTIVES Monday, 4/1 Comparative and Absolute Advantage Tuesday, 4/2 Trade Barriers Identify the meaning of comparative and absolute advantage and how they relate to trade Identify different types of trade barriers Wednesday, 4/3 Thursday, 4/4 Friday, 4/5 WEEK Week 13 DAY Monday, 4/15 Tuesday, 4/16 Wednesday, 4/17 Thursday, 4/18 Friday, 4/19 INSTRUCTIONAL STRATEGIES PPT - clip from GCEE on "Why Nations Trade" Identify items traded between U.S. and other countries STANDARDS (CCGPS, GPS, AP) SSEIN1.a, SSEIN1.b, and SSEIN1.c PPT - Go over trade barriers, and read article and summarize the examples of types of trade barriers. SSEIN1.a, SSEIN1.b, and SSEIN1.c SCIENCE + HEALTH/PE – Trade surplus and Trade Deficit=t – Identify difference between trade surplus and trade deficit Arguments for Explain the difference "Show what you know" Activity from GA Coach pg. 92. go SSEIN1.a, and against free between Protectionist, over in class, reading answers. SSEIN1.b, and trade and globalist. SSEIN1.c Trading Blocs Explain NAFTA, EU, and Compare and contrast NAFTA, EU, and ASEAN SSEIN1.a, ASEAN SSEIN1.b, and SSEIN1.c SPRING BREAK STANDARDS (CCGPS, GPS, AP) Review for Quiz Quiz Vocab related to International trade, comparative adv. vs. SSEIN1.a, absolute adv. trade barriers, and trade blocs SSEIN1.b, and SSEIN1.c Exchange Rates Calculate exchange rates Activity explaining how currency is converted SSEIN3.a, SSEIN3.b, SSEIN3.c, SSEIN3.d Exchange Rates – explain how the currency in one nation affect trade with others – Analyze how exchange rates effect trade with other countries International Explore how global trade Complete activity “Tradae Secrets” (group activity) SSEIN3,a, trade and and free market policies SSEIN3b, SSEIN3c, exchange rates might personally effect SSEIN3d them. Review unit on Review for Unit test Unit 4 test International CONCEPT OBJECTIVES INSTRUCTIONAL STRATEGIES 17 Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham trade WEEK Week 14 DAY Monday, 4/22 Unit 5 Test Tuesday, 4/23 Personal Finance Wednesday, 4/24 Thursday, 4/25 Friday, 4/26 WEEK Week 15 Benchmark Week #3 WEEK Week 16 CONCEPT DAY Monday, 4/29 Tuesday, 4/30 Wednesday, 5/1 Thursday, 5/2 Friday, 5/3 DAY OBJECTIVES INSTRUCTIONAL STRATEGIES Unit 5 test Unit 5 Test Rational decisions and Create a budget activity financial planning Personal Finance - Create a personal finance budget Financial Institutions for Savings Vocabulary CONCEPT Demonstrate understand of interest rates Spending, Saving, and Investing CONCEPT Monday, 5/6 Monetary and Fiscal Policies Tuesday, 5/7 Cost of credit Wednesday, 5/8 Workers earnings Compare and contrast different types of interest (simple interest vs. compound interest) SSEPF2 Vocab. Types of Investments: bonds, mutual funds, stocks, capital gains SSEPF2 OBJECTIVES INSTRUCTIONAL STRATEGIES Review for Review Benchmark SOCIAL STUDIES + CTAE LANGUAGE ARTS + FINE ARTS MATH + FOREIGN LANGUAGE SCIENCE + HEALTH/PE STANDARDS (CCGPS, GPS, AP) SSEIN3,a, SSEIN3b, SSEIN3c, SSEIN3d SSEPF1.a STANDARDS (CCGPS, GPS, AP) Review for benchmark OBJECTIVES INSTRUCTIONAL STRATEGIES Explain how monetary and fiscal policies impact spending and savings Simple and Compound Interest Explain PPT – GCEE clip. Create activity explaining how interest rates have impact on saving and investing STANDARDS (CCGPS, GPS, AP) SSEPF4 Calculate simple and compound interest SSEPF5 PPT – Calculate withholding (Medicare, Social Security, SSEPF6 18 Buford High School CURRICULUM CALENDAR SEMESTER: 1st and 2nd Semester COURSE: Economics TEACHER(S): Cheryl Whigham Thursday, 5/9 Workers earinings Friday, 5/10 Review for Personal Finance Test employee/employer withholding Differentiate between types of withholding taxes Students will demonstrate understand of personal finance AP Exams Monday, 5/6 – AP Chemistry (AM) and AP Psychology (PM) Wednesday, 5/8 – AP Calculus (AM) Thursday, 5/9 – AP English Literature (AM) Friday, 5/10 – AP English Language (AM), AP Art (AM), and AP Statistics (PM) WEEK Week 17 DAY Monday, 5/13 Tuesday, 5/14 Wednesday, 5/15 Thursday, 5/16 Friday, 5/17 CONCEPT Personal Finance Test Review for EOCT Review for EOCT Review for EOCT Week 18 Benchmark Week #4 DAY Monday, 5/20 Tuesday, 5/21 Wednesday, 5/22 CONCEPT Explain the different types of withholding tax, in addition to calculating worker’s pay Personal Finance Test SSEPF1 – SSEPF6 Career Pathways Testing Tuesday, 5/7 Wednesday, 5/8 Thursday, 5/9 (PM – Make-Up Exams) OBJECTIVES INSTRUCTIONAL STRATEGIES STANDARDS (CCGPS, GPS, AP) PPT EOCT Review EOCT Review EOCT Review AP Exams Monday, 5/13 – AP Biology (AM) and AP Music Theory (AM) Tuesday, 5/14 – AP Government (AM) Wednesday, 5/15 – AP US History (AM) Thursday, 5/16 – AP Macroeconomics (AM) and AP World History (AM) Friday, 5/17 – AP Human Geography (AM) WEEK Federal taxes and State Taxes) SSEPF6 Continue to complete and go over EOCT Study Guide EOCT Review Study guide should be complete and corrected EOCTs, Yearbooks, Carnival, Class Night EOCTs Thursday, 5/16 – Economics Friday, 5/17 – 9th Lit & Comp, Math 2 SSEF1 – SSPF6 SSEF1 – SSPF6 SSEF1 – SSPF6 (Other EOCTs will be given during Semester Exam periods.) OBJECTIVES INSTRUCTIONAL STRATEGIES Senior Exams (Benchmark #4 – 5th, 6th, & 7th) Senior Exams (Benchmark #4 – 1st, 2nd, 3rd, & 4th) / Semester Exams (Benchmark #4 – 7th) Semester Exams (Benchmark #4 – 1st & 2nd) 19 STANDARDS (CCGPS, GPS, AP) Buford High School CURRICULUM CALENDAR COURSE: Economics SEMESTER: 1st and 2nd Semester TEACHER(S): Cheryl Whigham Thursday, 5/23 Friday, 5/24 Semester Exams (Benchmark #4 – 3rd & 4th) Semester Exams (Benchmark #4 – 5th & 6th) 20