History-Social Science - Principles of Economics

History-Social Science

·	Geography
·	Driver's Education (Draft)
·	Health (Draft)
·	World History: The Modern World
·	Honors World History: The Modern World
·	U.S. History
·	AP United States History
·	Principles of American Democracy
·	AP US Government & Politics
·	Honors Principles of Economics
·	Principles of Economics

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Oroville Union High School District

History-Social Science Curriculum

History-Social Science - Principles of Economics

Printable Version

Goals and Descriptions

Economic Terms and Reasoning

Terms: Terms/Concepts/Reasoning
The learner will be able to understand common economic terms, concepts, and economic reasoning.

Strand	Scope	Source	Activities
Terms	Master	CA: Content Standards, 12.1 GSE Test Content	Classroom

Terms: Scarcity/Need for Choices
The learner will be able to examine the causal relationship between scarcity and the need for choices.

Strand	Scope	Source	Activities
Terms	Master	CA: Content Standards, 12.1.1	Classroom

Terms: Opportunity Cost/Benefit/Cost
The learner will be able to explain opportunity cost, marginal benefit, and marginal cost.

Strand	Scope	Source	Activities
Terms	Master	CA: Content Standards, 12.1.2	Classroom

Reasoning:Monetary/Nonmonetary Incentive
The learner will be able to identify the difference between monetary and nonmonetary incentives and how changes in incentives cause changes in behavior.

Strand	Scope	Source	Activities
Reasoning	Master	CA: Content Standards, 12.1.3	Classroom

Reasoning: Private Property/Role
The learner will be able to evaluate the role of private property as an incentive in conserving and improving scarce resources, including renewable and nonrenewable natural resources.

Strand	Scope	Source	Activities
Reasoning	Master	CA: Content Standards, 12.1.4	Classroom

Reasoning: Market Economy/Role
The learner will be able to analyze the role of a market economy in establishing and preserving political and personal liberty (e.g., through the works of Adam Smith).

Strand	Scope	Source	Activities
Reasoning	Master	CA: Content Standards, 12.1.5	Classroom

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Market, Economy and Global Competition

Competition: Market Economy/Elements
The learner will be able to analyze the elements of America's market economy in a global setting.

Strand	Scope	Source	Activities
Competition	Master	CA: Content Standards, 12.2 GSE Test Content	Classroom

Competition: Incentives/Relationship
The learner will be able to understand the relationship of the concept of incentives to the law of supply, and the relationship of the concept of incentives, and substitutes to the law of demand.

Strand	Scope	Source	Activities
Competition	Master	CA: Content Standards, 12.2.1	Classroom

Competition: Supply/Demand/Changes
The learner will be able to discuss the effects of changes in supply and/or demand on the relative scarcity, price, and quantity of particular products.

Strand	Scope	Source	Activities
Competition	Master	CA: Content Standards, 12.2.2	Classroom

Competition: Property Rights/Competition
The learner will be able to explain the roles of property rights, competition, and profit in a market economy.

Strand	Scope	Source	Activities
Competition	Master	CA: Content Standards, 12.2.3	Classroom

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Supply/Demand/Pricing

Supply: Relative Scarcity/Goods/Services
The learner will be able to explain how prices reflect the relative scarcity of goods and services and perform the allocative function in a market economy.

Strand	Scope	Source	Activities
Supply	Master	CA: Content Standards, 12.2.4	Classroom

Pricing: Competition/Process
The learner will be able to understand the process by which competition among buyers and sellers determines a market price.

Strand	Scope	Source	Activities
Pricing	Master	CA: Content Standards, 12.2.5	Classroom

Pricing: Price Controls/Effects
The learner will be able to describe the effect of price controls on buyers and sellers.

Strand	Scope	Source	Activities
Pricing	Master	CA: Content Standards, 12.2.6	Classroom

Demand: Competition/Analyze
The learner will be able to analyze how domestic and international competition in a market economy affects goods and services produced and the quality, quantity, and price of those products.

Strand	Scope	Source	Activities
Demand	Master	CA: Content Standards, 12.2.7	Classroom

Pricing: Role of Profit/Explain
The learner will be able to explain the role of profit as the incentive to entrepreneurs in a market economy.

Strand	Scope	Source	Activities
Pricing	Master	CA: Content Standards, 12.2.8	Classroom

Pricing: Financial Markets/Functions
The learner will be able to describe the functions of the financial markets.

Strand	Scope	Source	Activities
Pricing	Master	CA: Content Standards, 12.2.9	Classroom

Supply: Economic Principles/Discuss
The learner will be able to discuss the economic principles that guide the location of agricultural production and industry and the spatial distribution of transportation and retail facilities.

Strand	Scope	Source	Activities
Supply	Master	CA: Content Standards, 12.2.10	Classroom

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Government/Economic Policy

Policy: Federal Government/Influence
The learner will be able to analyze the influence of the federal government on the American economy.

Strand	Scope	Source	Activities
Policy	Master	CA: Content Standards, 12.3 GSE Test Content	Classroom

Policy: Market Economy/Understand
The learner will be able to understand how the role of government in a market economy often includes providing for national defense, addressing environmental concerns, defining and enforcing property rights, attempting to make markets more competitive, and protecting consumers' rights.

Strand	Scope	Source	Activities
Policy	Master	CA: Content Standards, 12.3.1	Classroom

Policy: Costs of Government Actions
The learner will be able to identify the factors that may cause the costs of government actions to outweigh the benefits.

Strand	Scope	Source	Activities
Policy	Master	CA: Content Standards, 12.3.2	Classroom

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Money and Banking

Banking: Government Fiscal Policies/Aims
The learner will be able to describe the aims of government fiscal policies (taxation, borrowing, spending) and their influence on production, employment, and price levels.

Strand	Scope	Source	Activities
Banking	Master	CA: Content Standards, 12.3.3	Classroom

Money: Monetary Policy/Aims/Tools
The learner will be able to understand the aims and tools of monetary policy and their influence on economic activity (e.g., the Federal Reserve).

Strand	Scope	Source	Activities
Money	Master	CA: Content Standards, 12.3.4	Classroom

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Income,Employment, and Labor

Labor: U.S. Labor Market/Elements
The learner will be able to analyze the elements of the United States' labor market in a global setting.

Strand	Scope	Source	Activities
Labor	Master	CA: Content Standards, 12.4 GSE Test Content	Classroom

Labor: Operations/Labor Market
The learner will be able to understand the operations of the labor market, including the circumstances surrounding the establishment of principal American labor unions, procedures that unions use to gain benefits for their members, the effects of unionization, the minimum wage, and unemployment insurance.

Strand	Scope	Source	Activities
Labor	Master	CA: Content Standards, 12.4.1	Classroom

Employment: Current Economy/Labor Market
The learner will be able to describe the current economy and labor market, including the types of goods and services produced, the types of skills workers need, the effects of rapid technological change, and the impact of international competition.

Strand	Scope	Source	Activities
Employment	Master	CA: Content Standards, 12.4.2	Classroom

Income: Wage Differences/Discuss
The learner will be able to discuss wage differences among jobs and professions, using the laws of demand and supply and the concept of productivity.

Strand	Scope	Source	Activities
Income	Master	CA: Content Standards, 12.4.3	Classroom

Labor: International Mobility/Capital
The learner will be able to explain the effects of international mobility of capital and labor on the United States economy.

Strand	Scope	Source	Activities
Labor	Master	CA: Content Standards, 12.4.4	Classroom

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Economic Statistics

Statistics: Aggregate Economic Behavior
The learner will be able to analyze the aggregate economic behavior of the United States economy.

Strand	Scope	Source	Activities
Statistics	Master	CA: Content Standards, 12.5 GSE Test Content	Classroom

Statistics: Nominal and Real Data
The learner will be able to distinguish between nominal and real data.

Strand	Scope	Source	Activities
Statistics	Master	CA: Content Standards, 12.5.1	Classroom

Statistics: Unemployment Rate/New Jobs
The learner will be able to define, calculate, and explain the significance of an unemployment rate, the number of new jobs created monthly, an inflation or deflation rate, and a rate of economic growth.

Strand	Scope	Source	Activities
Statistics	Master	CA: Content Standards, 12.5.2	Classroom

Statistics: Interest Rates/Distinguish
The learner will be able to distinguish between short term and long term interest rates and explain their relative significance.

Strand	Scope	Source	Activities
Statistics	Master	CA: Content Standards, 12.5.3	Classroom

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International Trade

Trade: International Trade/analysis
The learner will be able to analyze issues of international trade and explain how the United States economy affects, and is affected by, economic forces beyond the United States' borders.

Strand	Scope	Source	Activities
Trade	Master	CA: Content Standards, 12.6 GSE Test Content	Classroom

Trade: Consumption/Production Efficiency
The learner will be able to identify the gains in consumption and production efficiency from trade, with emphasis on the main products and changing geographic patterns of twentieth-century trade among countries in the Western Hemisphere.

Strand	Scope	Source	Activities
Trade	Master	CA: Content Standards, 12.6.1	Classroom

Trade: Restrictions/Effects/Compare
The learner will be able to compare the reasons for and the effects of trade restrictions during the Great Depression compared with present day arguments among labor, business, and political leaders over the effects of free trade on the economic and social interests of various groups of Americans.

Strand	Scope	Source	Activities
Trade	Master	CA: Content Standards, 12.6.2	Classroom

Trade: International Political Borders
The learner will be able to understand the changing role of international political borders and territorial sovereignty in a global economy.

Strand	Scope	Source	Activities
Trade	Master	CA: Content Standards, 12.6.3	Classroom

Trade: Foreign Exchange/Explain
The learner will be able to explain foreign exchange, the manner in which exchange rates are determined, and the effects of the dollar's gaining (or losing) value relative to other currencies.

Strand	Scope	Source	Activities
Trade	Master	CA: Content Standards, 12.6.4	Classroom

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