Course Description:  Economics is a challenging course that is designed to give students an overview of economic systems, terminology and the basics of consumerism.  The main objective of this course is to give students a better understanding of the economic realities that influence their lives. The student will acquire and use economic skills and knowledge so that they will be able to actively participate in the free market economy of the United States and the growing global economy.  It is a half Semester class (45 days) that fulfills graduation requirements. Solid reading and writing skills, along with a willingness to devote serious time to homework and study, are necessary to be successful.  Emphasis is placed on critical thinking skills, a hands on economic project and the development of a life long understanding of how money works, the value of fiscal planning and common sense.

 

 

Standard Enduring Understanding
ECON-1: The student will demonstrate an understanding of how scarcity and choice impact the decisions of families, businesses, communities, and nations. Economics is the science of choice. The study of economics equips a student with the knowledge to evaluate the benefits versus the costs of goods and services. To make informed decisions about benefits versus costs.
ECON-2: The student will demonstrate an understanding of how markets facilitate exchange and how market regulation costs both consumers and producers. Markets arise in order to allow people and institutions to trade items of value for something else of value. Markets are efficient when they are unrestricted. The prices in a market send signals and provide incentives to buyers and sellers. To understand how markets function.
ECON-3: The student will demonstrate an understanding of how government policies, business cycles, inflation, deflation, savings rates, and employment affect all economic entities. Macroeconomics examines the aggregate behavior of the economy: price levels, business cycles, Federal Reserve policies, and inflation and deflation, as well as the ways that changes in these aggregate levels affect individual economic entities. To understand economic behavior.
ECON-4: The student will demonstrate an understanding of how trade among nations affects markets, employment, economic growth, and other activity in the domestic economy. The economy of the United States is but one system operating within an increasingly global arena. All institutions and individuals in the United States are impacted in varying degrees by global commerce. To understand the implications of the global economy.
ECON-5: The student will demonstrate an understanding of how personal financial decisions affect an individual’s present and future economic status. Individuals are impacted by the financial choices they make and the careers they choose. Wise and informed personal financial decisions can benefit individuals in both the immediate and the distant future. To understand the impact of personal financial decisions.

 

 

Topics Covered in Class:

The pacing guide is subject to change at individual teacher discretion.

Chapters Unit Essential Question Tentative Assessment(s) Tentative Dates
Chapter 1: What is Economics In what ways do people cope with the problem of scarcity? (Homework: Review Questions  1.1 , 1.2) 3/15 - 3/16
Chapter 2: Economic Systems and Decision Making How does an economic system help a society deal with the fundamental problem of scarcity? Chapter 2 Test

(Homework: Review Questions  2.1 , 2.2, 2.3)

3/19 – 3/23
Chapter 3: The American Free Enterprise System What are the major economic and social goals of the American free enterprise system? Chapter 3 

(Homework: Review Questions  3.1 , 3.2, 3.3)

3/26 – 3/29
Chapter 4: Demand How does demand help societies determine WHAT, HOW and FOR WHOM to produce? Chapter 4 Test

(Homework: Review Questions  4.1 , 4.2, 4.3)

Pixton Comic Strip

4/9 – 4/13
Chapter 5: Supply What are the basic differences between supply and Demand? Chapter 5 Quiz

(Homework: Review Questions  5.1 , 5.2, 5.3)

4/16 – 4/20
Chapter 8: Business Organization How are businesses formed and how do they grow? Chapter 8 Test

(Homework: Review Questions  8.1 , 8.2, 8.3)

4/23 – 4/27
Chapter 10: Money and Banking What features of the modern day labor industry are the result of union action? Chapter 10 Quiz

(Homework: Review Questions  10.1 , 10.2, 10.3)

4/30 – 5/4
Chapter 13: Economic Instability What are the causes and consequences of instability in the economy? Chapter 13 Test

(Homework: Review Questions  13.1 , 13.2, 13.3)

Powtoon Presentation: Quiz Grade

5/7 – 5/11
Chapter 18: Global Economic Development Why is the economic health of all nations important in a global economy? Chapter 18 Quiz

(Homework: Review Questions  18.1 , 18.2, 18.3)

5/14 – 5/18
Chapter 19: Personal Financial Literacy How can financial institutions help you increase and better manage your money? Chapter 19 Test

(Homework: Review Questions  19.1 , 19.2, 19.3)

 

5/21 - 5/25

Projects:

  • Cornell Note Packet (Due: May 29th)
  • Stock Market Game (Due: May 30th)

Textbook and Materials:

  • Textbook: Understanding Economics (McGraw-Hill)
  • Chrome Book (Google classroom) (ConnectED)
  • Three hole punched one subject note book

Expectations

Curriculum/Instructional goals and objectives are consistent with the South Carolina Social Studies State Standards. Each student is expected to:

  • Complete reading assignments
  • Complete Homework assignments
  • Participate in class discussions
  • Be on time to class
  • Come to class prepared
  • Give 100% effort
  • Respect everyone!

Make-Up Work

Make up work is the responsibility of the student and is required within 5 days of an absence unless extenuating circumstances deem more time is necessary.  All missed assignments will be keyed into the grade book with a 0 until the work is made up.  Test grades below a C may be re-done after the student has received additional tutorial help by Mr. Parks.

Assessment Policy

  • Students are expected to complete assignments by the due date assigned by the teacher.
  • In the event of a missed assignment, it is the student’s responsibility to proactively communicate with the teacher in order to make up the assignment.
  • Prior absences do not exclude a student from taking a test on the day it is given.
  • Test make-ups must be arranged with the teacher promptly.
  • Every effort will be made by the teacher to supply the students with the knowledge, resources, and opportunity to succeed in this class. Ultimately, success depends on the student’s desire and willingness to achieve.

Grading Weights:      

Daily Classwork                        10%

Homework                                 10%

Quizzes                                       20%

Test/Projects                             40%

Final Exam (May 30th)           20%

Grades will be maintained in PowerTeacher and can be accessed through the Parent Portal on the CCSD website at https://powerschool.charleston.k12.sc.us/public/. If you have any questions or concerns about grades, please to contact me directly via email as soon as the concern arises.

Class Rules

  • Sit in ASSIGNED seat BEFORE the bell rings.
  • Eliminate ALL side comments and conversations.
  • Use RESPECTFUL language.
  • Stay AWAKE and PARTICIPATE.
  • Electronics à Turn them OFF and put them AWAY.
  • Only have food and drink when ALLOWED by the TEACHER.

Consequences:

1st offense                  verbal warning

2nd offense                 student/teacher conference

3rd offense                  parent contact

Additional offenses will be handled with an administrative referral.

Tardy Policy

A student that is not inside his/her classroom by the time class starts, is considered tardy.  A student is expected to be in class and ready to begin work at the beginning of each instructional period.  Refer to Early College tardy policy.

Electronics/Cellphones

Approved devices can be used in schools as an assistive technology tool, but must silenced and not be displayed for use during the school day, unless otherwise specifically allowed by a staff member for a specific instructional purpose. Student devices are allowed under the direct supervision of school faculty and staff for guided instructional purposes.

Cheating Policy

Each offense will result in an administrative referral. The first offense, the student will be retaught expectations and will re-do the work, with the maximum grade being a 60%.

Any further offenses result in a 0 for the assignment/assessment.