Summer School Economics
Pacing Guide – 2012
Day 1
Session 1:
Tuesday
June 12
Session 2:
Monday
July 16
(Six Wks
1st / 4th)
Unit One: Introduction to Economics / Classroom Procedures / Word Wall activity / What do you know?
Chapter 1: What Is Economics?
Essential Questions
How can you think like an economist?
How do people make decisions by thinking at the margin?
Objective(s):
TEK(s): 1A, 1B, 1C
Explain why scarcity and choice are basic problems of economics
Interpret a production-possibilities curve
Explain the concepts of opportunity costs and scarcity
Activity: Intro: Provide Syllabus, Student Info Card, and What Do You Know? Pre-assessment for students to work on / Show
videos to introduce economics and elicit discussion
Activity: Icebreaker – FTE Lesson The Magic of Markets – introduces students to ideas of opportunity cost, trade, supply, demand,
and other economic concepts. Requires small items for trade for each student; Dollar Tree has good selections – expect to spend
approx. $25 (optional activity!)
Handouts
Lesson Resources
Videos
 Syllabus
 FTE Lesson The Magic of Markets
 Ferris Bueller Voodoo Economics
(1:13)
 Student Info Card (use data for demographic
 TCI Lesson Ch. 1 An Economic
presentation – see Student Info PowerPoint as
Way of Thinking
 Rodney Dangerfield’s First
example)
Economics Class (3:02)
 TCI Lesson Ch. 2 Economic
 Notes Organizer (one page per day for noteDecision Making
 Did You Know? 2011 (4.55)
taking)
 Textbook Ch. 1 – What Is
Use the TCI Economics Alive! website.
Economics
 Economics Terms Glossary CNN
 Watch the 5 minute guided tour
 TEKS Student Chart
 Econ Ch. 1 PowerPoint
 open the user guide for important features
 News Report Assignment
 Guided Reading Ch. 1
 Preview the Presentation
 What Do You Know? (intro pretest activity)
 Read over Procedures
 Labels (factors of production, factors of
 Have all necessary Materials ready
production2, guns or butter, PPF 2 graphs)
 Utilize resources for Differentiating Instruction
Posters
 ObjectivesVocabWordleCh.1
 Economic Reasoning Propositions
 Economic Reasoning and Relevance
Assessments
 TEST Ch. 1 – What Is Economics
REMINDER:
Prior to the start of Day 1 be sure
you’ve made ample copies of the
“Student Edition” reading packet for
the Economics Alive! lesson you
will be facilitating on Day 1.
Book Computer Lab for Day 2!
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 2
Session 1:
Wednesday
June 13
Session 2:
Tuesday
July 17
(Six Wks
1st / 4th)
Unit One: Introduction to Economics
Chapter 2: Economic Systems & Chapter 3: American Free Enterprise
Essential Questions
Who or what determines what you get?
Objective(s):
TEK(s): 5A, 5B, 5C, 5D, 5E, 6A, 6B, 8A,
8B, 8C, 14A, 14B, 14C
Use objectives from textbook chapters.
Activity:
Introduce the 3 economic questions (What to produce? How to produce? Who consumes what is produced?) leading into
traditional, market and command economies. Rock, Scissors, Paper History Alive! Activity, ends with notes on socialism and
transition to a mixed economy.
Handouts
Lesson Resources
Videos
 Eco Mindmap_The Economic Problem
 History Alive! Activity – Rock, Scissors,
 Consume (3:08)
Paper
 Adam Smith Quote and History
 Monty Python – Dennis the
Constitutional Peasant (3:11)
 TCI Lesson Ch. 3 – Economic Systems
 Ch2 PP Slides Circular Flow &
Continuum
 Textbook Ch. 2 – Economic Systems
 Iceland – hydrogen energy (3:26)
 Ch2 Circular Flow Market Economy
 Econ Ch. 2 PowerPoint
 Big Ideas That Changed the World –
Consumerism – Part 1 (9:59)
 Ch2 Circular Flow Mixed Economy
 Comparative Economic Systems
Assignment (COMPUTER LAB)
 Big Ideas That Changed the World –
 Labels – Adam Smith Quote
Consumerism – Part 2 (9:53)
 Textbook Ch. 3 – American Free
 Labels – Circular Flow Mixed Economy
Enterprise
 Big Ideas That Changed the World –
 Labels – Continuum of Mixed
Consumerism – Part 3 (9:33)
 Econ Ch. 3 PowerPoint
Economies
 Big Ideas That Changed the World –
 EconEdWeb Lesson – Constitution and
 Labels – Laissez-Faire
Consumerism – Part 4 (7:13)
the Economy
 Labels – Monty Python Quote
 How Stuff Works Free Market vs.
 Labels – Preamble
Command Economies (2:33)
 Laissez Faire Policy Definition
 Federalism Political Cartoon
 Read Up! – FTC Consumer Education
 Shopping
 Two Cows PoliticalEconomicSystems
 USCIS Naturalization Test
Posters
Assessments
REMINDER:
 ObjectivesVocabWordleCh.2
 TEST Ch. 2 – Economic Systems
All resources available on the
 ObjectivesVocabWordleCh.3
 TEST Ch. 3 – American Free
Economics Summer 2011 CD
Enterprise
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Formative assessment strategy sentence stem: “In my opinion, Adam Smith’s ideas promote the wealth of a nation by __”
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 3
Session 1:
Thursday
June 14
Session 2:
Wednesday
July 18
Six Wks
(1st / 4th)
Test: Unit One – Introduction to Economics
After the test, hand out Great Depression graphing activity (History Alive). This is a warm-up to the graphing activities on supply and
demand.
Unit Two: How Markets Work
Chapter 4: Demand & Chapter 5: Supply
Essential Questions
What are demand and supply, and what factors influence them?
Why do prices change? If price is low, shouldn’t a supplier just try to sell more?
If people need more of an item, why can’t more just be supplied?
Objective(s):
TEK(s): 2A, 2B, 2C
Use objectives from textbook chapters.
Activity: Chapter 4 – Create a market demand schedule. All students participate in each other’s demand schedules, and then graph
the totals to make a market demand curve for their own product. Students can use regular notebook paper to simulate the example
chart for a good or service.
Example:
Demand for Chocolate Chip Cookies (per week)
.50
1.00
1.50
Sara
Jimmy
Karen…
Total
Discussion Activity: normal and inferior goods. TE p. 86
Practice drawing shifts in demand.
Gasoline prices and elasticity of demand.
Revisit elasticity of demand on student created demand curves.
Guided Reading Chapter 4
Activity Chapter 5 – “Increasing Marginal Returns” Materials: Scrap paper and one stapler to create five-page “packets”. Time
students as they make packets, adding one student laborer per round. On the board, record each round in a schedule, and then
graph. The marginal product of labor should increase and then decrease. Excellent activity for the kinesthetic learner!
Guided Reading Chapter 5
Handouts
 Demand, Supply and Determining
Prices
 Depression Photo / Graphing Economic
Data on the Great Depression
Blue—Objectives
Red—Essential Question(s)
Lesson Resources
 Textbook Ch. 4 – Demand
 Econ Ch. 4 PowerPoint
 Textbook Ch. 5 – Supply
Videos
 Supply & Demand – ABC World News
(2:51)
 Supply & Demand – LACY Style (0:37)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
 Notesheet – Supply and Demand
 Econ Ch. 5 PowerPoint
 Solar Power Makes a Comeback
(2:43)
 TCI Lesson – Ch. 5 Demand and
Supply
 Comedy 10 Principles of Economics
(5:20)
 Fed. Res. Bank of San Francisco
Lesson – The Rising Cost of Health
Care
 Guided Reading Ch. 4
 Guided Reading Ch. 5
Posters
Assessments
REMINDER:
 ObjectivesVocabWordleCh.4
 TEST Unit 1 – Introduction to
All resources available on the
Economics
 ObjectivesVocabWordleCh.5
Economics Summer 2011 CD
 TEST Ch. 4 – Demand
 TEST Ch. 5 – Supply
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Roundtable: A cooperative learning technique in which small groups are given a paper with a category, term or task. The
paper goes around the table and each group member is responsible for writing a characteristic/synonym/step of task. For
example: Paper may start as “When the demand for a product rises, then __________________________.” (Students
should be able to understand implications with and without “ceteris paribus).”
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 4
Session 1:
Friday
June 15
Session 2:
Thursday
July 19
(Six Wks
1st / 4th)
Unit Two: How Markets Work
Chapter 6: Prices & Chapter 7: Market Structures
Test: Unit Two – How Markets Work
Essential Questions
Once price is determined, why / how can it change? What is the relationship between price, profit and resource allocation?
Is it always in the best interest of a business to raise the price of its product(s)? Why will some people continue to buy products
whose prices continue to rise?
Objective(s):
TEK(s): 2A, 2B, 9A
Use objectives from textbook chapters.
Activity: Chapter 6 – Prices
 Minimum Wage Activity. In groups of three, students use three newspaper articles to analyze economic issues in the minimum
wage debate. Extension: Students write a one page essay taking a position in the minimum wage debate.
 Interdisciplinary Discussion: Are Baseball Players Paid Too Much? p. 121.
 Practice drawing diagrams: rent control and minimum wage.
Activity: Chapter 7 – Market Structures
 Monopolies: Graph Economics of Scale TE. P. 157
o Government Monopolies: The NFL
o “Defending Microsoft” CFU. P. 165
o Timeline Notes: Regulation and Deregulation—pages 174-175.
o Option: Jigsaw class to present four types of market structures
Handouts
Lesson Resources
Videos
 Market Structures Charts and Notes
 TCI Lesson 6 – Markets, Equilibrium,
 Antitrust AT&T – Stephen Colbert (1:14)
and Prices
 Steve Jobs Speech
 HowStuffWorks The Function of Price
 Textbook Ch. 6 – Prices
 HowStuffWorks The Corporation (2:10)
 Econ Ch. 6 PowerPoint
 Mickey Mouse Monopoly
 Textbook Ch. 7 – Market Structures
 Oligopoly – The Cola Wars (5:03)
 Econ Ch. 7 PowerPoint
 Pirates of Silicon Valley
 Guided Reading Ch. 6 & Ch. 7
 Satire – Mad TV – Apple iRack (4:14)
Posters
Assessments
REMINDER:
 ObjectivesVocabWordleCh.6
 TEST Ch. 6 – Demand
Book Computer Lab for Day 5!
 ObjectivesVocabWordleCh.7
 TEST Ch. 7 – Supply
 TEST Unit 2 – How Markets Work
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Introduce the following terms: market structure, perfect competition, commodity, barrier to entry, imperfect competition,
start-up costs, monopoly, oligopoly, externality and market failure. Have students participate in a mini-discussion about
what will happen or what students will learn about in the text of this chapter. Pose a question or questions such as “What
happens when markets do not work perfectly? Give students frames to facilitate the development of academic language
during the activity such as: ___ makes me think that…, I believe ____ because …, etc.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 5
Session 1:
Monday
June 18
Session 2:
Monday
July 23
(Six Wks
2nd / 5th)
Unit Three: Business and Labor
Chapter 8: Business Organizations & Chapter 9: Labor
Essential Questions
How do entrepreneurs use their resources to start businesses?
Why is it important to develop your human capital?
Objective(s):
TEK(s): 7A, 7B, 9B, 16A, 16B. 16C, 16D
Describe how and why trends in the labor force are tracked.
Identify and explain trends in the wages and benefits paid to U.S. workers.
Trace the history of the labor movement in the U.S.
Activity: Chapter 8 – Business Organizations
Use banner paper to create a giant chart of the advantages and disadvantages of the forms of business organization. Divide
students into teams; use half-sheet pages to answer chart.
Sole proprietorship
Partnership
Corporation
Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages
Ease of startup
Regulations
Profits
Control
Discontinuance
Liability
Resources
Permanence
Taxation
Activity: Chapter 9: Labor
Search employment ads for examples of four skill levels on page 221. Fold colorful paper into quarters and unfold. Students glue on
employment ads and describe how the job fits the category (i.e. “unskilled labor”).
Economic Profile: Karl Marx p. 227 CFU
Look at the “Key Events in the U.S. Labor Movement” Timeline on p. 229. Describe the relationship shown here between labor laws
and union membership in the 1900s. Enlarge the picture on p.231 (using your Elmo) and have students describe the details in the
photograph, and research pressure from the unions to help win passage of the 1938 Fair Labor Standards Act.
Handouts
Lesson Resources
Videos
 Business Ethics Mission Statements
 Textbook Ch. 8 – Business
 Labor Cesar Chavez (5:20)
Organizations
 Entrepreneurial Venture
 Labor Union History (7:21)
 Econ Ch. 8 PowerPoint
 Job Application
 Labor – Norma Rae 1 (10:58)
 Textbook Ch. 9 – Labor
 Top 10 Job Lists
 Labor – Norma Rae 2 (10:58)
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012





Posters
 ObjectivesVocabWordleCh.8
 ObjectivesVocabWordleCh.9
Econ Ch. 9 PowerPoint
Guided Reading Ch. 8
Guided Reading Ch. 9
Labor Movement Timeline
Occupation Research (COMPUTER
LAB)
 TCI Lesson 10 – Human Capital and
Labor Movement
 TCI Applying Economics Toolkit –
Section One: Setting Goals & Earning
an Income
Assessments
 TEST Ch. 8 – Business Organizations
 TEST Ch. 9 - Labor
REMINDER:
All resources available on the
Economics Summer 2011 CD
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 6
Session 1:
Tuesday
June 19
Session 2:
Tuesday
July 24
(Six Wks
2nd / 5th)
Test: Unit Three
Unit Four: Money, Banking, and Finance
Chapter 10: Money & Banking
Test: Unit 4
Essential Questions
How should you spend, save, and invest your money?
How might technological changes affect labor demand in the future? Give specific examples.
Why is it important to develop your human capital?
Objective(s):
TEK(s): 12A, 12B, 12C, 13A, 13B, 13C,
13D, 17A, 17D, 18E, 18F, 19A, 19B, 19D
Use objectives from textbook chapters.
Activity: Test Unit 3 Business and Labor
Essay question on advantages and disadvantages of business organizations.
Activity: Chapter 10: Money
Personal Finance Lessons
“Check It Out” & “Keeping a Check Register”
“Calculating the Costs of Credit Card Purchases”
“Know Your Credit Rights”
Handouts
Lesson Resources
Videos
 Central Banking – Then and Now
 Textbook Ch. 10 – Money
 Boost Mobile Bringing Value Back to
the Dollar (0:30)
 Dollar History – Fact vs. Fiction
 Econ Ch. 10 PowerPoint
 Comedy – Monty Python The Money
 History of American Banking Timeline
 Guided Reading Ch. 10
Programme! (2:39)
 TCI Lesson 8 – Money, Banking,
 Money Modern Marvels Pt.1 (10:53)
Saving and Investing
 Money Modern Marvels Pt. 2 (10:03)
 TCI Applying Economics Toolkit –
Section 2: Managing Your Money
 Money Modern Marvels Pt. 3 (10:34)
 TCI Applying Economics Toolkit –
 Money Modern Marvels Pt. 4 (6:19)
Section 3: Saving & Investing
 Money Modern Marvels Pt. 5 (6:47)
 TCI Applying Economics Toolkit –
 Money – secret messages (4:20)
Section 2: Using Credit & Borrowing
Posters
Assessments
REMINDER:
 ObjectivesVocabWordleCh.10
 TEST Ch. 10 - Money
All resources available on the
 TEST Unit 3 Business and Labor
Economics Summer 2011 CD
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day7
Session 1:
Wednesday
June 20
Session 2:
Wednesday
July 25
(Six Wks
2nd / 5th)
Unit Four: Money, Banking, and Finance
Chapter 11: Financial Markets
Test: Unit 4
Essential Questions
How should you spend, save, and invest your money?
Objective(s):
Use objectives from textbook chapters.
Activity: Chapter 11: Financial Markets
Stock Market Page Exercise
The Stock Exchange Video (on separate CD)
TEK(s): 17B, 17C, 18A, 18B, 18C, 18D, 19C,
20A, 20bB, 20C
Personal Finance Lessons:
Saving and Investing, Putting Money to Work
Handouts
 Compound Interest Chart
 Stock Market Research
 The Motley Fool – Beta Explanation
 15 Money Rules for Kids
 The Stock Exchange – Video Quiz
Videos
 Ali G Dr. Schultz Money & Stocks (5:58)
 Banking Basics (8:03)
 Comedy – How Markets Really Work (8:49)
 Comedy – Monty Python Profit Report
(2:20)
 How Stuff Works – The Stock Market (0:52)
 Modern Marvels – The Stock Exchange
(parts 1-5)
 NYSE Pt. 1 (2:27)
 NYSE Pt. 2 (3:34)
 The Cosbys Theo Learns Personal Finance
(4:27)
Posters
Assessments
REMINDER:
All resources available on the Economics
 ObjectivesVocabWordleCh.11
 TEST Ch. 11 – Financial Markets
Summer 2011 CD
 TEST Unit 4
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Note: A good time to refresh the word wall. All students should be comfortable using terms like yield, maturity, bond,
money market, equities, capital gains and diversification correctly in class. Remember the first essential question: How
can you think like an economist? A great formative assessment activity: List/Group/Label: Students are given a list of
words. They then sort the words into similar piles and then create labels for each pile.
Blue—Objectives
Red—Essential Question(s)
Lesson Resources
 Textbook Ch 11 – Money
 Econ Ch 11 PowerPoint
 Guided Reading Ch. 11
 Learning, Earning & Investing
Interactives
 TCI Lesson 8 – Money, Banking,
Saving and Investing
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Days 8 & 9
Day 8
Session 1:
Thursday
June 21
Session 2:
Thursday
July 26
Unit Five: Measuring Economic Performance
Chapter 12: GDP and Growth & Chapter 13: Economic Challenges
Test: Unit 5
Essential Questions
How do economists measure a nation’s economic health?
What happens when markets do not work perfectly?
Objective(s):
Use objectives from textbook chapters.
Activity: Chapter 12: GDP and the Business Cycle
Complete GDP Activity using prices and “market balance” found on CD.
TEK(s): 6D, 6C, 10A, 10B, 11A, 11B, 11C
Unemployment and Inflation
Go to computer lab and research information on Unemployment, Inflation, and GDP.
Have students answer the questions on the worksheet on CD titled “ Questions Relating
to GDP/Unemployment Inflation Figures for 1971-2000”
Day 9
Discuss the impact of war on the business cycle. Include in your discussion the activity before / after the war.
Session 1:
Friday
June 22
Session 2:
Monday
July 30
(Six Wks
2nd / 5th)
Have students develop a GDP poster using the information on the handout on the CD titled “GDP Poster”
Create a student price index
Activity: Chapter 13: Economic Challenges
Lesson and discussion on: “Income inequality as a problem in the United States”
Have students work in groups to prescribe solutions to various economic problems such as unemployment, poverty, poor health
care etc.
Current events analysis
Handouts
 Country Info Resource Form
 GDP and Market Basket Assignment
 GDP Quiz
 GDP Review
 Labels – Business Cycle
 Minimum Wage Poster
 Minimum Wage Practice
Lesson Resources
 Textbook Ch. 12 – GDP and Growth
 Econ Ch. 12 PowerPoint
 Guided Reading Ch. 12
 Textbook Ch. 13 – Economic
Challenges
 Econ Ch. 13 PowerPoint
 Guided Reading Ch. 13
 FTE – “Where did too many dollars come
from?” (Demand –Pull Auction)
 FTE – “Creating a Student Price Index”
Blue—Objectives
Red—Essential Question(s)
Videos
 GDP Skit
 GDP RFK Speech – Measuring the
Economy
 Economics 101 – Consumer Price Index
 Inflation – Duck Tales
 Inflation Explained: Employment, Pricing,
Supply, Demand
 Inflation Explained Parts 1-3
 Satire – Autoworkers Compete to Keep
Jobs, Livelihoods (The Onion)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
[a hands-on activity to help students
understand price index]
 FTE – “Holiday Market Basket
Information” [application of calculating
price index using a fictitious market
basket]
 TCI Lesson7 – Market Structures and
Market Failures
 TCI Lesson 13 – Measuring the Economy
Posters
 ObjectivesVocabWordleCh.12
 ObjectivesVocabWordleCh.13
Assessments
REMINDER:
 Test Ch. 12 – Gross Domestic
All resources available on the Economics
Product and Growth
Summer 2011 CD
 Test Ch. 13 – Economic Challenges
 Test Unit 5
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
There is possibly ample time in this two day block to complete the Econ Alive! Chapter 13 activities called Measuring the
Economy. These activities once completed will help students answer the essential question above about a nation’s
economic health. If your students cannot adequately and thoroughly answer this essential question after the activities
you complete over Chapter 12 in Principles in Action, then this is a required activity.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day 10 &
11
Day 10
Session 1:
Monday
June 25
Session 2:
Tuesday
July 31
Day 11
Session 1:
Tuesday
June 26
Session 2:
Wednesday
August 1
(Six Wks
2nd / 5th)
Unit Six: Government & the Economy
Chapter 14: Taxes, Chapter 15: Fiscal Policy, & Chapter 16: The Federal Reserve & Monetary Policy
Test: Unit 6
Essential Questions
How should the U.S. government carry out its economic roles?
Who and what should be taxed?
How do policymakers use fiscal and monetary policy to stabilize the economy?
Objective(s):
TEK(s):15A, 15B, 15C
Use objectives from textbook chapters.
Activity: Chapter 14
“Understanding Taxes” - Student simulations at http://www.irs.gov/app/understandingTaxes
Personal Finance Lessons:
Taxes: The “How” of it
Activity: Chapter 15
Drawing and interpreting diagrams:
Circle graphs p. 394 and
Keynesian Model of Productive Capacity. p. 396
Personal deficit: p. 404
National Debt as % of GDP. p. 506
Expansionary and Contractionary Fiscal Policy
Will Social Security Survive CFU. p. 409
John Maynard Keynes CFU p. 402
Activity: Chapter 16
FED Video: The Fed Today
Essay Question: Comparing Fiscal and Monetary Policy Tools
Handouts
Lesson Resources
 National Debt news article
 Textbook Ch. 14 – Taxes
 Money Questions – Mini Federal
 Econ Ch. 14 PowerPoint
Reserve
 Guided Reading Ch. 14
 Textbook Ch. 15 – Fiscal Policy
 Econ Ch. 15 PowerPoint
 Guided Reading Ch. 15
 Textbook Ch. 16 – Federal Reserve
 Econ Ch. 16 PowerPoint
 Guided Reading Ch. 16
Blue—Objectives
Red—Essential Question(s)
Videos
 Comedy – Stand-up Economist
 Laffer Curve – Napkin Sketch that
Introduced Supply-side Economics
 Modern Marvels – Failed Inventions
 National Debt – Budget Deficit Explained
 Satire – The Onion: Treasury Dept. Recalls
US Dollars
 The Best Explanation of What’s Really
Going On With the Deficit
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Posters
 ObjectivesVocabWordleCh.14
 ObjectivesVocabWordleCh.15
 ObjectivesVocabWordleCh.16
 TCI Lesson 11 Government & the
Economy
 TCI Lesson 12 – Taxes & Taxation
 TCI Lesson 14 – Fiscal & Monetary
Policy
Assessments
 TEST Ch. 14 – Taxes
 TEST Ch. 15 – Fiscal Policy
 TEST Ch. 16 – Federal Reserve
 TEST Unit 6




Federal Reserve System Explained Part 1
Federal Reserve System Explained Part 2
Money, Banking, and the Federal Reserve
The Federal Reserve in Plain English
REMINDER:
All resources available on the Economics
Summer 2011 CD
Structured conversation strategy: Student-student interaction where the language and content are planned. Students are given
sentence frames to begin the conversation and specific questions and sentence starters to extend the conversation. Example:
“Keynesian economics is basically the idea that________________”.
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Day12
Day 12
Session 1:
Tuesday
June 27
Session 2:
Thursday
August 2
Unit Seven: The Global Economy
Chapter 17: International Trade & Chapter 18: Economic Development & Transition
Test: Unit 7
Essential Questions
How do countries conduct trade in the global economy?
Do the benefits of globalization outweigh the costs?
Objective(s):
TEK(s): 3A, 3B. 3C, 4A, 4B, 4C, 11C
Use objectives from textbook chapters.
Activity: Chapter 17: International Trade
Simulated Foreign Exchange
Notes on comparative advantage
Major Trade Organizations
Essay Question: NAFTA
Activity: Chapter 18: Economic Development & Transition
Discuss the information from World Statistics handout.
(Six Wks
2nd / 5th)
Handouts
 World Statistics
Lesson Resources
 Textbook Ch. 17 & Ch 18
 Econ Ch. 17 PowerPoint
 Guided Reading Ch. 17 & Ch. 18
 Limiting Trade Lesson
 Why Nations Trade Lesson
 FTE – “Foreign Currencies and Foreign
Videos
 Comparative Advantage – North Pole Elf
Wants to be a Dentist
 India Outpacing U.S. Economy
 Awareness Test
 Did You Know
Exchange” [1 hour]
Posters
 ObjectivesVocabWordleCh.17
Blue—Objectives
Red—Essential Question(s)
 Econ Ch. 18 PowerPoint
 TCI Lesson 15 – The U.S. & the
Global Economy
 TCI Lesson 16 – The Costs &
Benefits of Globalization
Assessments
 TEST Ch. 17 – International Trade
 TEST Ch. 18 – – Economic
Development & Transition
 TEST Unit 7
REMINDER:
All resources available on the Economics
Summer 2011 CD
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)
Summer School Economics
Pacing Guide – 2012
Preview Objectives and Vocabulary Poster. Vary vocabulary strategies each day. See ELPS for specifics.
Day13
Session 1:
Wednesday
June 28
Exam Review
Session 2:
Friday
August 3
(Six Wks
2nd / 5th)
Day14
Session 1:
Tuesday
June 21
Final Exam / Junior Achievement Speaker
Session 2:
n/a
(Six Wks
2nd / 5th)
* DUTY REMINDERS:
 Please check each of your students’ graduation status and inform any student of the Class of 2010 that did NOT pass the social studies
portion of the TAKS test administered on April 30, they may re-take TAKS on July 16. You are responsible for providing intervention
strategies! Review tools for the Social Studies Exit-Level TAKS located on the U.S. History page of the Social Studies website.

Summer School teachers are required to take at least one grade each day!
Blue—Objectives
Red—Essential Question(s)
Purple—ELPs strategies (good for all students to strengthen academic and content vocabulary)