Pentucket Regional High School

Teacher : William Buell Subject : Economics

Time Frame	Essential Questions	Content/Concepts	Skills/Thinking Processes	Assessment
September	Why study economics? Why is economics a social science? What are the different types of economic systems? What accounts for the success/failure of one more than one of the others?	Basic Concepts The American Economy Demand, Supply, Interaction of Markets	- understands basics of economics - understands the different types of economic systems - demonstrates competency in reading graphs and charts - understands why economics is a social science	- chapter tests - supply/demand analysis - graphing a supply curve - Case Study: an auction
October November	What are the different types of business organizations? Identify the advantages/disadvantages of each. Identify/explain the role of the stock market in the American economy. Should the Social Security system be privatized?	Business Organizations Market Structures Wall Street	- compares and contrasts different types of business organizations - understands the importance of investing in the American economy - - can read a stock chart - understands the importance of research in the investment process	- chapter tests - simulation: which is the best type of organization? - unit test - term paper
November	What are the economic goals of unions? What are the phases of a business cycle? Are these predictable/preventable? Explain what are the roles the FED plays in the economy. Are any of these roles political?	Labor Unions Gov’t and the Economy Business Cycles	- can trace the development of labor unions in the American economy - can describe the major labor developments since 1950 - can explain the causes of, and the effects of inflation on the American economy	- chapter tests - case study: The Breakup of Eastern Airlines - political decision making activity
December	What are fiscal and monetary policy? How are these reflections of social/political values? What are the tools of the Federal Reserve? Are these reflections of our society?	Business Cycles Fiscal Policy The Federal Reserve System	- can ‘map’ a business cycle - can explain how fiscal and monetary policy are reflections of American values - can explain the role/function of the ‘Fed’ in the American economy	- chapter tests - debate - mind jogger activity - role playing activity: what should the Fed do?
January	What are tariffs? Why do nations trade? What is the concept of absolute advantage? Why do nations place some restrictions on trade? How do the balance of trade and trade deficits affect the American economy?	Money and Banking International Trade	- understands the interdependent nature of international trade - understands the contribution of politics to international trade - can explain the tools governments have to regulate/influence international trade	- chapter tests - case study: Harley Davidson - Independent practice - Final exam
March
April
May
June