Textbook:
Available in CTLS |
Schoology.com
Supplemental class materials are stored in the Schoology learning management system. The access code for this is located on your Microsoft Form Scavenger Hunt (first lesson in CTLS). |
Tutoring & Questions: During virtual learning Coach Wilson is available M,Tu,Th,F from 1:30 - 3:30pm and Wed. from 10:00am - 3:30pm. Please email questions freely. If you wish for a 'live' tutoring session outside of class time, please email Coach Wilson to make arrangements, these sessions must be scheduled.
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Unit 1 Fundamental Concepts: Standard SSEF1 - SSEF6
Unit 1 Summary: The purpose of studying fundamental economics is to help lay the groundwork for the course of study in this class - in short, to help students learn to think like economists. Key concepts such as scarcity, opportunity cost, and cost-benefit analysis are introduced early on as a means of illustrating rational economic thinking. The basic structures of market and command-based economic systems are also introduced. Finally, the unit wraps up with our 'pizza activity' as students learn the true importance of productivity and HOW a business' productivity impacts its bottom line. Unit Dates: Projected Unit 1 Test Date: |
Unit 2 Microeconomics: Standard SSEMI1 - SSEMI3
Unit 2 Summary: Microeconomics is the study of supply and of the nature of market structures. This unit begins with a bang as the students participate in a simulation called 'Econoland'! During this simulation of market economies the students act both as producers and consumers selling their resources to make finished goods in exchange for money. At the conclusion of this activity students should come to understand that in a market economy producers and consumers are interdependent - that is, what happens to consumers impacts producers and vice versa. The unit will then proceed with the introduction of the laws of supply and demand. Students will devote significant time and mental energy as to what aspects (other than price) impact the supply and demand of goods/services. This will be simulated in our 'oil market' activity. Finally, the unit will conclude with an analysis of the four types of market structures, and how the nature of these market structures impact competition as well as producers' price setting power. Unit Dates: Projected Unit Test Date: |
Unit 3 Macroeconomics: Standards: SSEMA1 - SSEMA3
Unit 3 Summary: Macroeconomics is the study of the economy as a whole. By analyzing economic indicators such as the gross domestic product (GDP), unemployment, and inflation, economists can determine the relative health of a country's economy. Students will first take a look at how GDP is measured within an economy using their 'old friend' the circular flow model. Students will also examine how GDP illustrates the business cycle in a market economy with its frequent periods of economic expansion peppered with short periods of contractions and sometimes recession. Students will also learn how inflation occurs in an economy over time as well as what constitutes 'healthy' inflation vs. unhealthy inflation (ie: hyperinflation). Once students have mastered the basic concepts of economic health they will examine how the government and the Federal Reserve Bank promote economic growth, price stability, and full employment through fiscal and monetary policy respectively. Learning the tools of fiscal and monetary policy presents a challenging task for most students, however, once the students come to understand how these tools can be used to stimulate the economy or slow it down they tend to develop a greater appreciation for the news as they're able to comprehend national economic headlines. Unit Dates: Projected Unit Test Date: |
Unit 4 International Economics: Standards: SSEIN1 - SSEIN3
Unit 4 Summary: Our fourth unit of study is that of international economics. The unit begins in an attempt to help students understand why nations trade with one another. When asked this question, most students reply with, "So countries can get what they can't make themselves." While this partially constitutes a reason why nations trade, it falls well short of a complete explanation. After all, if this were true, why would the U.S. with its abundance of labor and resources ever need to trade with anyone?! This classroom dialogue eventually leads the class to understand that nations utilize comparative advantage principles to direct trade practices resulting in higher productivity and cheaper costs. The second major topic of study in this unit revolves around barriers trade such as tariffs and quotas. Students will identify the potential costs and benefits of implementing trade barriers as well as arguments for and against free trade. The unit wraps up with currencies and exchange rates. Students will learn how exchange rates are established and what it means for economic actors throughout the economy when currency appreciates and depreciates and how those trends influence imports and exports. Unit Dates: Projected Unit Test Date: |
Unit 5 Personal Finance: Standards: SSEPF1 - SSEPF6
Unit 5 Summary: Our fifth unit of study revolves primarily around increasing students' understandings of banking, taxation, the costs and benefits of using credit, insurance, and workers' earning potential in the labor force. Personal finance is the point in economics class where things tend to get the most 'real'. As young adults, some of which are already working a job outside of school, they have already begun to feel the impact of taxation, car insurance, and are utlitizing essential banking services. As seniors on the verge of graduating high school it is essential that students enter life beyond high school with adequate competencies in financial literacy. As we navigate this unit students should be learning a great deal about the basics of the financial world and often have a lot of questions about things such as investments, taxes, and insurance. Don't be surprised if you child comes home asking a lot of questions surrounding elements of personal finance - I certainly encourage parents to share some 'real world' information with your child to help contextualize what we are discussing in class! Ultimatley, an overarching theme of this unit is to try to dispel the myths of getting rich overnight, and try to get students more interested in longterm tried and true practices of accumultating and sustaining wealth in an effort to achieve a high standard of living. Unit Dates: Projected Unit Test Date: |
EOC Review Materials
EOC Study Guide (fill in the blank) - Homework grade due the day before the EOC
EOC Study Guide Answer Sheet - Check your answers after you complete the study guide
Link to EOC Quia Review (EXCELLENT RESOURCE): https://www.quia.com/quiz/678432.html
Practice Quizzes
Click on the chapter you want to review. Then click on 'progress monitoring online' to access a series of practice quizzes. There are practice quizzes for every chapter.
http://www.phschool.com/webcodes10/index.cfm?fuseaction=home.gotoWebCode&wcprefix=mnk&wcsuffix=1000
Georgia Virtual Learning: Overview of all units: http://www.gavirtuallearning.org/Resources/SharedEconomics(SSCopy).aspx
Official Georgia Milestones Study Guide
Georgia Department of Education Overview with Videos:
https://www.georgiastandards.org/Georgia-Standards/Pages/Social-Studies-Economics.aspx
EOC Study Guide (fill in the blank) - Homework grade due the day before the EOC
EOC Study Guide Answer Sheet - Check your answers after you complete the study guide
Link to EOC Quia Review (EXCELLENT RESOURCE): https://www.quia.com/quiz/678432.html
Practice Quizzes
Click on the chapter you want to review. Then click on 'progress monitoring online' to access a series of practice quizzes. There are practice quizzes for every chapter.
http://www.phschool.com/webcodes10/index.cfm?fuseaction=home.gotoWebCode&wcprefix=mnk&wcsuffix=1000
Georgia Virtual Learning: Overview of all units: http://www.gavirtuallearning.org/Resources/SharedEconomics(SSCopy).aspx
Official Georgia Milestones Study Guide
Georgia Department of Education Overview with Videos:
https://www.georgiastandards.org/Georgia-Standards/Pages/Social-Studies-Economics.aspx