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Hyperlinks are for content teachers
Hyperlinks are for content teachers
Big Idea:
Big Idea:
Pure competition, monopolistic competition, oligopoly, and monopoly. Compare the free enterprise system, socialism, and communism. Sole proprietorships, partnerships, and corporations.
Student Expectations:
Student Expectations:
Priority TEKS
Priority TEKS
ECON.9(A) describe characteristics and give examples of pure competition, monopolistic competition, oligopoly, and monopoly
ECON.16(A) explain the characteristics of sole proprietorships, partnerships, and corporations
Focus TEKS
Focus TEKS
ECON.9(B) identify and evaluate ordinances and regulations that apply to the establishment and operation of various types of businesses.
ECON.16(B) analyze the advantages and disadvantages of sole proprietorships, partnerships, and corporations
ECON.16(C) analyze the economic rights and responsibilities of businesses, including those involved in starting a small business
ECON.16(D) explain how corporations raise money through stocks and bonds
ECON.18(A) assess ways to be a wise investor in the stock market and in other personal investment options
Ongoing TEKS
Ongoing TEKS
ECON.1(B) describe how societies answer the basic economic questions
ECON.5(B) compare the free enterprise system, socialism, and communism using the basic characteristics of economic systems
ECON.5(C) examine current examples of free enterprise, socialist, and communist economic systems
ECON.7(B) identify and evaluate examples of restrictions that the government places on the use of business and individual property
Student Learning Targets:
Student Learning Targets:
- I will identify different monopolies
- I will discuss how monopolies are beneficial and detrimental to the economy
- I will identify sole proprietorship, partnerships, and corporations
- I will examine how different economic systems affect monopolies and businesses
Essential Questions:
Essential Questions:
- How can monopolies be beneficial to consumers?
- How can monopolies be detrimental to consumers?
- What are the different business types and how do they operate?
- How do the different economic systems affect monopolies and businesses?
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