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Taylor School District

Educating for the 21st Century
 

 
 


Grades 9-12  Economics
 

                 

 

             


Upon completion of high school, students will be able to:

  1 Discuss the importance of taking responsibility for personal and financial decisions and apply an effective decision-making process to personal financial choices as consumers, producers, savers, investors, and citizens.IV.1.HS.3  
  2 Design a strategy for earning, spending, saving and investing his/her resources.IV.1.HS.1  
  3 Identify incentives that affect people’s behavior and explain how incentives affect their own decisions.IV.1.HS.2  
  4 Evaluate ways to resolve conflicts resulting from differences between business interests and community values  IV.2.HS.2  
  5 Make informed decisions by anticipating the consequences of inflation and unemployment.IV.3.HS.2  
  6 Anticipate the impact of the federal government’s and the Federal Reserve System’s macroeconomic policy decisions on themselves and others.IV.3.HS.2  
  7 Identify and evaluate the benefits and costs of alternative public policies, assess who enjoys the benefits and who bears the costs, and explain why the policies exist.IV.3.HS.4  
  8 Identify the role of households, business firms, banks, government agencies and labor unions in the economy of the United States.IV.4.HS.4  
  9 Describe the relationships among and between households, business firms, banks, government agencies and labor unions.IV.4.HS.4  
  10

compare and evaluate the benefits and costs of different methods for allocating goods and services in a free market economic system with other economic systems.IV.4.HS.5

 
  11 Explain how changes in the level of competition in different markets can affect price and output levels in a free market economic system with other economic systems.IV.4.HS.5  
  12 Explain how specialization, interdependence and economic development are related.IV.5.HS.3  
  13 Evaluate the benefits and obstacles of each economic system and the role of trade in economic growth. IV.5.HS.1  
  14 Compare  the benefits and costs of policies that alter trade barriers between nations, such as tariffs and quotas. IV.5.HS.4  
  15 Describe the effects of currency exchange, interest rates and monetary policy on world trade and domestic economic activity.IV.5.HS.4  
  16 Describe the relationship between the United States economy and the global economy.IV.4.HS.2  
  17 Predict how prices change when the numbers of buyers or sellers in a market changes, and explain how the incentives facing individual buyers and sellers are affected.IV.4.HS.1  
  18 Describe how a competitive world market affects the “what”, “how” and “for whom” questions which define an economic system.IV.4.HS.5  
  19 Describe and interpret the use of economic conditions and explain how those conditions can influence decisions made by consumers, producers, and government policymakers.IV.3.HS.1  
  20 Develop generalizations pertaining to a specific social studies topic by interpreting information from a variety  of sources.V.1.HS.3  
  21 Generate possible resolutions to public issues and evaluate the musing criteria that have been identified. VI.1.HS.1  
  22 Compose elaborated persuasive essays by taking a position on issues of public policy, supporting the musing data, core democratic values, prior social studies knowledge, and refuting an opponent’s argument. VI.3.HS.1  

                                          

MICHIGAN DEPARTMENT OF EDUCATION ● ECONOMICS ● GRADES 9-12

 

 

 
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