Prentice Hall: Economics Principles in Action 2005 Correlated to: Kansas Social Studies Standards (High School)

Transcription

1 Prentice Hall: Economics Principles in Action 2005 Kansas Social Studies Standards (High School) High School Economics Standard: The student uses a working knowledge and understanding of major economic concepts, issues, and systems applying decision-making skills as a consumer, producer, saver, investor, and citizen of Kansas and the United States living in an interdependent world. Benchmark 1: The student understands how limited resources require choices. 1. (A) explains how economic systems affect the allocation of scarce resources (e.g., monarchies, financing explorers, mercantilism, rise of capitalism). 2. (K) explains how economic choices made by societies have intended and unintended consequences. (e.g., mercantilism, planned economy under Soviet Union, Adam Smith- Invisible hand/laissez Faire). 3. (K) explains how people respond to incentives in order to allocate scarce resources (e.g., government subsidies/farm production, rationing coupons/wwii, emission regulations, profits/war production, women/wwii workforce). 4. (K) explains how economic choices made by individuals, businesses, or governments often have intended and unintended consequences (e.g., individual: build a house in a flood plain; business: Ford s car/need for roads/ Railroads, ecosystems; government: isolationism at beginning of WWI, Prohibition Act, Space Race, building of atomic bomb). SE/TE: 23-27, 28-33, 34-39, 40-44, 46, 47, 48, 49, 141, 142, , 493 TE: 125, 139, 140, 143 Folder: 9, 10; Prentice Hall: Lesson Plans Folder: 11, 12, 13; Prentice Hall: Unit 1 Folder: ROM: Chapter 2 Test; Prentice Hall: Transparency Resource Package: 2A-2F; SE/TE: 33, 35-38, 41, , TECH: Presentation Pro CD-ROM SE/TE: 15, 25, 30, 31, 79, 103, , , 143, 144, 175, , 399, 423, 427,-429, 430, 431 TE: 16, 108 TECH: Presentation Pro CD-ROM SE/TE: 54, 55, 60, 62-66, 67-70, 71, 72, 73, , , 142, , , 224, , 322, , , , , , 382, 383, , , , 410, 411, , , , , 436, 437 Folder: 10-17, 33-38; Prentice Hall: Unit 1 Folder: 17-23, 28, 30, 31, 32, 33; Prentice Hall: Unit 6 Folder: 2-38; 1

2 (Continued) 4. (K) explains how economic choices made by individuals, businesses, or governments often have intended and unintended consequences (e.g., individual: build a house in a flood plain; business: Ford s car/need for roads/ Railroads, ecosystems; government: isolationism at beginning of WWI, Prohibition Act, Space Race, building of atomic bomb). (Continued) ROM: Chapter 3, 6, 14, 16 Test; Prentice Hall: Transparency Resource Package: 3C, 3D, 6E-6G, 14A-14G, 15A-15G, 16A-16D; Companion Web Site Benchmark 2: The student understands how the market economy works in the United States. 1. (K) defines Gross domestic product (GDP) and indicates the components that make up our nation s GDP (e.g., consumption, investment, government, and net exports). 2. (K) explains the factors that have contributed to United States economic growth (e.g., increasing education and literacy, health care advances, technology developments). 3. (K) explains the principles of demand and supply (e.g., laws, equilibrium, change in quantity vs. change in demand and supply). SE/TE: 57-59, , , , 326, 327, 341, , 417, 431, 433, 471, 472, 534, 538, 546 Folder: 29, 30; Prentice Hall: Lesson Plans Folder 44, 46; Prentice Hall: Unit 5 Folder: 2, 3, 6, 7, 8, 9, 10 ROM: Chapter 12 Test; Prentice Hall: Prentice Hall: Transparency Resource Package: 12A, 12B, 12C, 12G SE/TE: 51-55, 57-60, 62-66, 67-70, 71-73, 216, 217, 235, , , , , 326, 327, 400, 401, 415, 416 Folder: 12, 26, 30; Prentice Hall: Lesson Plans Folder 14-17, 39, 46; Prentice Hall: Unit 1 Folder: 26-37, Unit 5 Folder: 6, 7, 9, 10 ROM: Chapter 3, 12 Test; Prentice Hall: Prentice Hall: Transparency Resource Package: 3A-3D, 12F, 12G SE/TE: 79-83, 85-88, 98, 99, , , 122, 123, , , Folder: 13; Prentice Hall: Lesson Planner: 28, 29, 31, 33, 34, 35; Prentice Hall: Lesson Plans Folder: 18, 19, 21, 23, 24, 25; Prentice Hall: Unit 2 Folder: 2, 3, 13, 14, 17, 18, 20, 21, 24-27, 30, 33, 34 ROM: Chapter 4, 5, 6 Test; Prentice Hall: Transparency Resource Package: 4A, 4B, 5A. 5B, 5C, 5G, 6A-6M; Companion Web Site 2

3 4. (K) explains the factors that could change supply of or demand for a product (e.g., societal values: prohibition of alcohol; scarcity of resources: war; technology: assembly line production). 5. (A) analyzes how changes in prices affect consumer behavior and sometimes result in government actions (e.g., WWII-rationing, fuel, metals, nylon; Arab oil embargo of 1974; droughts (Ag products), changes in consumer preferences fads, health information). 6. (K) describes what happens to the product price and output of businesses when the degree of competition changes in an industry (e.g., oil, steel, automobiles (1970s), railroads in late 1800 s and early 1900 s, AT&T, Microsoft, Trusts of 1920 s & 1930 s). 7. (A) analyzes the role of central banks and the Federal reserve system in the economy of the United States (e.g., interest rates, monetary policy, government bonds). SE/TE: 85-88, 98, 99, , , 122, 123, Folder: 14, 15, 16; Prentice Hall: Lesson Planner: 29, 32, 33; Prentice Hall: Lesson Plans Folder: 19, 22, 23; Prentice Hall: Unit 2 Folder: 4, 5, 11, 12, 16, 16, 17, 18, ROM: Chapter 4, 5, 6 Test; Prentice Hall: Transparency Resource Package: 4C, 4D, 5F, 5G, 6H-6M; Companion Web Site SE/TE: 80, 90-96, 98, 99, , 113, , 122, 123, , , 146, 147 Prentice Hall: Learning Plans Folder: 20, 21; Prentice Hall: Unit 2 Folder: 6, 7, 9, 10, 13, 14, 19, 23 ROM: Chapter 4 Test; Prentice Hall: Transparency Resource Package: 4E; Prentice Hall: Companion Web Site SE/TE: 153, 154, , 177, 178 Folder: 20; Prentice Hall: Unit 2 Folder: 41, 42, 44, 45 ROM: Chapter 7 Test; Prentice Hall: Companion Web Site SE/TE: 254, 255, , , , , 436, 437 Folder: 38; Prentice Hall: Unit 6 Folder: 26, 27, 28, 29, 30, 31, 32 ROM: Chapter 16 Test; Transparency Resource Package: 16A, 16B, 16C, 16D, 16E, 16F, 16G, 16H; Prentice Hall: Companion Web Site 3

4 Benchmark 3: The student analyzes how different incentives, economic systems and their institutions, and local, national, and international interdependence affect people. 1. (A) compares the benefits and costs of different allocation methods (e.g., first come, first serve; prices, contests, lottery, majority rule). 2. (A) compares characteristics of traditional command, market, and mixed economies on the basis of property rights, factors of production and locus of economic decision making (e.g., what, how, for whom). 3. (A) uses comparative advantage to explain the benefits of trade among nations (e.g., nations can benefit from free trade while reducing or eliminating production of a good in which it is technologically superior at producing; to benefit from specialization and free trade, one nation should specialize and trade the good in which it is most best at producing, while the other nation should specialize and trade the good in which it is least best at producing; benefits include more product selection, lower prices, higher wages in both nations). 4. (A) outlines the cost and benefits of free trade or restricted trade policies in world history (e.g., restrictions of trade under mercantilism, regional trade agreements, Smoot-Hawley Tariff Act of 1930, General Agreement on Tariffs & Trade, World Trade Organization). SE/TE: 6, 36, 37, 62-66, , Folder: 16, 18; Prentice Hall: Lesson Plans Folder: 16, 26; Prentice Hall: Unit 1 Folder: 30, 31, 36, Unit 2 Folder: 28, 29, 31, 32 ROM: Chapter 3, 6 Test; Prentice Hall: Transparency Resource Package: 3C, 6N; SE/TE: 23, 26-27, 28-33, 34-39, 40-44, 46, 47, 48, 49, 141, 142, , 493 TE: 125, 139, 140, 143 Folder: 9, 10; Prentice Hall: Lesson Plans Folder: 11, 12, 13; Prentice Hall: Unit 1 Folder: ROM: Chapter 2 Test; Prentice Hall: Transparency Resource Package: 2C-2F; SE/TE: , 468, 469 Prentice Hall: Lesson Plans Folder: 61; Prentice Hall: Unit 7 Folder: 2, 3, 8 ROM: Chapter 17 Test; Prentice Hall: Transparency Resource Package: 17A-17C; SE/TE: , 457, 466, 467, Folder: 39; Prentice Hall: Lesson Plans Folder: 62; Prentice Hall: Unit 7 Folder: 4, 5, 11 ROM: Chapter 17 Test; Prentice Hall: Transparency Resource Package: 17D-17F; 4

5 5. (K) explains how a change in exchange rates affects the flow of trade between nations and a nation s domestic economy (e.g., using historical examples such as development of the Euro, devaluation of the US dollar in the early 1970s, & currency boards in the transitional economies of Eastern Europe). SE/TE: , 463, 466, 467 Folder: 40; Prentice Hall: Lesson Plans Folder: 63; Prentice Hall: Unit 6 Folder: 6, 7, 9, 10, 12 ROM: Chapter 17 Test; Prentice Hall: Transparency Resource Package: 17G; Benchmark 4: The student analyzes the role of the government in the economy. 1. (A) explains why certain goods and services are provided by the government (e.g., infrastructure, schools, waste management, national defense, parks, environmental protection). 2. (A) explains the advantages and disadvantages of the use of fiscal policy by the Federal Government to influence the United States economy (e.g., change in taxes & spending to expand or contract the economy, such as F.D. Roosevelt s New Deal, George W. Bush s tax cuts, Gerald Ford s WIN program). 3. (K) distinguishes between government debt and government budget deficit. SE/TE: 41, 54, 55, 60, 62-66, 67-70, 71, 72, 73, 321, 322, , , 411 Folder: 34; Prentice Hall: Unit 1 Folder: 30, 31, 32, 33; Prentice Hall: Unit 6 Folder: 6, 7, 8, 9, 11, 12; ROM: Chapter 14 Test; Prentice Hall: Transparency Resource Package: 14F, 14G; Economics Videotape Library: Forced Out SE/TE: , , 410, 411 Folder: 35; Prentice Hall: Unit 6 Folder: 15, 16, 17; ROM: Chapter 15 Test; Prentice Hall: Transparency Resource Package: 15A, 15B, 15C, 15D, 15E; Prentice Hall: Companion Web Site SE/TE: , 410, 411, 542 Prentice Hall: Lesson Plans Folder: 56; Prentice Hall: Unit 6 Folder: 19, 20, 22, 23, 25 ROM: Chapter 15 Test; Prentice Hall: Transparency Resource Package: 15F, 15G; 5

6 4. (A) evaluates the costs and benefits of governmental economic and social policies on society (e.g., minimum wage laws, anti-trust laws, EPA Regulations, Social Security, farm subsidies, international sanctions on agriculture, Medicare, unemployment insurance, corporate tax credits, public work projects). SE/TE: 26, 34-38, 40-44, 51, 54, 55, 57-60, 62-66, 67-70, 71, 72, 73, , , 142, , , 224, , 322, , , , , , 382, 383, , , , 410, 411, , , , , 436, 437 Folder: 10-17, 33-38; Prentice Hall: Unit 1 Folder: 17-23, 28, 30, 31, 32, 33; Prentice Hall: Unit 6 Folder: 2-38; ROM: Chapter 2, 3, 6, 14, 16 Test; Prentice Hall: Transparency Resource Package: 2E, 2F, 3C, 3D, 6E-6G, 14A-14G, 15A-15G, 16A- 16D; Companion Web Site; Economics Videotape Library: Forced Out Benchmark 5: The student makes effective decisions as a consumer, producer, saver, investor, and citizen. 1. (K) - ($) describes how various jobs and employment are impacted by changes in the economy. 2. (K) - ($) illustrates how the demand for labor is influenced by productivity of labor and explains the factors that influence labor productivity (e.g., education, experience, health, nutrition, technology). 3. (A) - ($) explains how the demand for and supply of labor are influenced by productivity, education, skills, retraining, and wage rates (e.g., spinning mills and the beginning of the modern factory system, the increased use of machinery throughout the Industrial Revolution, assembly lines). SE/TE: , , , , Folder: 23, 24; Prentice Hall: Lesson Planner: 46, 47, 48, 58; Prentice Hall: Lesson Plans Folder: 35, 36, 37, 47; Prentice Hall: Unit 3 Folder: 15, 16, 17-24; Unit 5 Folder: 13, 14, 19 ROM: Chapter 9, 13 Test; Prentice Hall: Transparency Resource Package: 9A-9E, 13A-13C; SE/TE: 219, 220, 221, 226, 236, 237, ROM: Chapter 9 Test; Prentice Hall: Companion Web Site SE/TE: , , Folder: 23; Prentice Hall: Lesson Planner: 46, 47 Prentice Hall: Lesson Plans Folder: 35, 36; Prentice Hall: Unit 3 Folder: 15, 16, 17, 18, ROM: Chapter 9 Test; Prentice Hall: Transparency Resource Package: 9A-9E; 6

7 4. (A) - ($) develops a personal budget that identifies sources of income and expenditures (e.g., wages, rent payments, savings, taxes, insurance). 5. (K) - ($) determines the costs and benefits of using credit. 6. (A) - ($) analyzes the costs and benefits of investment alternatives (e.g., stock market, bonds, real estate). SE/TE: 5, 80, 81, 86, 87, 320, 321, 502, 503 TE: 56, 388 SE/TE: 261, SE/TE: , 266, 267, , , , 294, 295, , 514, 515 Folder: 26, 27; Prentice Hall: Lesson Plans Folder: 39, 40, 41, 42, 43; Prentice Hall: Unit 4 Folder: 4, 5, 6, 7, 9-12, ROM: Chapter 10, 11 Test; Prentice Hall: Transparency Resource Package: 10B-10F, 11A-11E; Number of Standards: 166 7