This course is an analysis of the basic economic concepts and understandings needed for citizens to function in the economy of the United States, helping students understand money matters from prices and taxes to investments and the Stock Market. This one-semester course is a requirement for graduation in New York State. The units of study are individual economic responsibility, the product and factor markets, American capitalism in a global economy, and economic policy. Students will also complete a Civics Research Project which qualifies as Option 5 towards the Seal of Civic Readiness.
Syllabus
MS. KENT
MS. FIORDIMALVA
MS. KELLS
MS. LINK
Quarter 1
INDIVIDUAL RESPONSIBILITY AND THE ECONOMY:
I can explain how individuals should set personal financial goals, recognize their income needs and debt obligations, and know how to utilize effective budgeting, borrowing, and investment strategies to maximize well-being.
INDIVIDUALS AND BUSINESSES IN THE PRODUCT AND FACTOR MARKETS:
I can summarize how free enterprise is a pillar of the United States economy and is based on the principle that individuals and businesses are free to make their own economic choices as they participate in these markets. Individuals buy the goods and services that they desire from businesses in the product markets, and they contribute to producing these goods and services by supplying the resources that they own to businesses in the factor markets.
Quarter 2
THE IMPACT OF AMERICAN CAPITALISM IN A GLOBAL ECONOMY:
I can compare and contrast the various economic systems in the world. The United States operates within a mixed, free market economy that is characterized by competition and a limited role of government in economic affairs. Economic policy makers face considerable challenges within a capitalist system, including unemployment, inflation, poverty, and environmental consequences. Globalization increases the complexity of these challenges significantly, and has exerted strong and transformative effects on workers and entrepreneurs in the United States economy.
THE TOOLS OF ECONOMIC POLICY IN A GLOBAL ECONOMY:
I can describe how globalization and increased economic interdependence affect the United States economy significantly. The tools that the policy makers have available to address these issues are fiscal policy, monetary policy, and trade policy.
READING, WRITING, SPEAKING & LISTENING STANDARDS (Integrated Throughout)
I can cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.
I can determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships between the key details and ideas.
I can evaluate authors' differing points of view on the same historical event or issue by assessing the authors' claims, reasoning, and evidence.
I can integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, and in words) in order to address a question or solve a problem.
I can write arguments focused on discipline-specific content.
I can write informative/explanatory texts to examine and convey complex ideas, concepts, and information clearly and accurately through the effective selection, organization, and analysis of content.
I can conduct short as well as more sustained research projects to answer a question or solve a problem.
I can gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively.
I can initiate and participate effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on historical topics, texts, and issues building on others' ideas and expressing their own clearly and persuasively.
I can present information, findings, and supporting evidence, conveying a clear and distinct perspective, such that listeners can follow the line of reasoning, and alternative or opposing perspectives are addressed.