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MIFFLIN COUNTY SCHOOL DISTRICT
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MCSD Advanced Placement Courses
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Advanced Placement Economics
Planned Instruction
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Title of Planned Instruction:
Advanced Placement Economics |
| Subject Area: Social
Studies
Grade Level: 11/12 |
| Prerequisites: An Honors Social
Studies course and Algebra II
Course Description: This course aims to provide students
with a thorough understanding of the principals of economics that
apply to the economic system as a whole (macroeconomics) and the
individual decision makers, both producers and consumers, within the
larger economic system (microeconomics). Students are required to
take the annual national Advanced Placement Exams for this course.
Required Time: One year
Course Credit: 1.0
Major Text(s) and Resources: |
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- Economics: Private and Public Choice,
Thomson-Southwestern, 2003
- Advanced Placement Economics: Microeconomics,
Student
Activities, National Council of Economic Education, 2003
- Advanced Placement Economics: Macroeconomics,
Student
Activities, National Council of Economic Education, 2003
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| Names of District Subject Area
Curriculum Writing Committee: |
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Date of Board Approval:
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| Course Objectives and
Performance Indicators |
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Standard: Economics
Strand: .1 Economic Systems
Grade/Course: 11/12 AP Economics |
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Grade Level
Objectives |
Performance
Indicators |
Assessment |
| A. |
Evaluate the strengths
and weaknesses of traditional, command and market economies. |
Compare and contrast
similarities and differences in traditional, command and market
economies. Evaluate the strengths and weaknesses of the three types
of economies. |
Class discussion
Research
Quiz/test
Writing activity |
| B. |
Analyze the impact of
traditional, command and market economies on the United States
economy. |
List, interpret,
compare and analyze traditional, command and market economies.
Demonstrate their effect on the United State economy. |
Data analysis
Graphing
Class discussion
Quiz/test
Research |
| C. |
Assess the strength of
the national and/or international economy and compare it to another
time period based upon economic indicators. |
Evaluate the economic
indicators of the Consumer Price Index (CPI), Gross Domestic Product
(GDP), and the unemployment rate. Compare and contrast these
indicators over time in America. |
Class discussion
Research
Quiz/test
Data analysis |
| D. |
Describe historical
examples of expansion, recession, and depression internationally. |
Evaluate selected
documents relating to the economic boom of the 1990s, Reaganomics, the
Great Depression and the recent technological recession, both
nationally and internationally. |
Research Writing
activity
Presentation
Class discussion |
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Strand: .2 Markets and the
Functions of Governments
Grade/Course: 1/12 AP Economics |
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Grade Level
Objectives |
Performance
Indicators |
Assessments |
| A. |
Analyze the flow of
products, resources and money in a mixed economy. |
Analyze the
inter-relationship of limited resources, production and the flow of
money in a mixed economy. Compare the mixed economy of the United
States with that of European and Asian nations. |
Data analysis
Graphing
Class discussion
Quiz/test
Debate |
| B. |
Evaluate the operation
of noncompetitive markets. |
Examine the basic
documents relating to monopolies and government economic policies.
Evaluate how these relate to non-competitive markets. |
Writing activity Data
analysis
Research
Class discussion |
| C. |
Analyze policies
designed to raise or lower interest rates and how the Federal Reserve
Board influences interest rates. |
Describe the origins
and organizational structure of the Federal Reserve Board (Fed).
Analyze the effects on the United States economy of the Fed’s raising
and lowering of the prime lending rate.
Explain the sequence of performance indicators when prime rates
change. |
Presentation Writing
activity
Class discussion
Quiz/test |
| D. |
Evaluate changes in
economic institutions over time (e.g. stock markets, non-government
organizations). |
Examine the roles over
time of various markets, publicly owned businesses, privately held
businesses, and not-for-profit organizations. Analyze the
inter-relationships between these organizations and government
economic policy. |
Class discussion
Graphing
Data analysis
Simulation
Quiz/test |
| E. |
Predict how changes in
supply and demand affect equilibrium price and quantity sold. |
Evaluate the Law of
Demand and the Law of Supply. Examine the inverse relationship
existing between quantity demanded, price and production.
Examine the direct relationship between quantity supplied, price
and production. |
Graphing Data
analysis
Project
Quiz/test |
| F. |
Identify and analyze
forces that can change price. |
Analyze the role United
States economic policy-making has played in the American and
international economic cycles. |
Writing activity
Research
Quiz/test |
| G. |
Evaluate types of tax
systems. |
Describe and contrast
Progressive, Proportional and Regressive tax systems. Evaluate how
each system affects individual consumers, national economic policy,
and international trade relations. |
Data analysis
Graphing
Writing activity
Project
Quiz/test |
| H. |
Evaluate the economic
roles of governments. |
Distinguish between
macro- and microeconomics. Compare and contrast Keysian and
Laissez-faire economic theory. |
Research Debate
Writing activity
Quiz/test
Class discussion |
| I. |
Evaluate government
decisions to provide public goods. |
Evaluate the role of
government in a capitalist economic system. Analyze the role of
socialist economic policies in a mixed economy. |
Class discussion
Research |
| J. |
Evaluate the social,
political and economic changes in tax policy using cost/benefit
analysis. |
Provide cost/benefit
analyses of various taxation systems over time. Evaluate the
influence of these taxation policies on the public sector. |
Data analysis
Graphing
Class discussion
Quiz/test |
| K. |
Analyze the impact of
media on decision-making of consumers, producers and policymakers. |
Discuss the influence
of public opinion on government fiscal policy. Describe the
influence of the media acting in the role of interpreters of fiscal
policy. |
Writing activity
Project
Class discussion
Graphing
Quiz/test |
| L. |
Analyze how policies
and international events may change exchange rates. |
Analyze current and
historical examples of the inter-relationship of domestic fiscal
policies of various nations, international trade policies, and
fluctuations in currency change rates. |
Graphing Class
discussion
Research
Project
Quiz/test |
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Strand: .3 Scarcity and Choice
Grade/Course: 1/12 AP Economics |
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Grade Level
Objectives |
Performance
Indicators |
Assessments |
| A. |
Analyze actions taken
as a result of scarcity issues in the regional, national and
international economies. |
Construct and interpret
production possibilities schedules and graphs, relating production
possibilities curves to the issues of scarcity, choice and cost.
Define ways societies – both domestic and international – determine
allocation, efficiency, and equity. |
Data analysis
Graphing
Class discussion
Quiz/test |
| B. |
valuate the economic
reasoning behind a choice. |
Analyze how unlimited
wants and limited resources affect decisions. |
Class discussion
Research |
| C. |
Evaluate the allocation
of resources used to produce goods and services. |
Explain how societies
determine how to use limited resources, such as land, labor and
capital, for production. Examine the role of government in the
allocation of resources.
Use examples from capitalist, communist, and socialist systems. |
Research Writing
activity
Class discussion
Data analysis |
| D. |
Evaluate national or
international economic decisions using marginal analysis. |
Define marginal
analysis and decision-making. Compare and contrast choices made on
the national level and the effect on international trade. |
Class discussion
Quiz/test |
| E. |
Analyze the opportunity
cost of decisions by individuals, businesses, communities and nations. |
Define and compute
opportunity cost. Present examples of the importance on government
fiscal policy making. |
Data analysis
Graphing
Writing activity
Quiz/test |
| F. |
Evaluate in terms of
marginal analysis how incentives influence decisions of consumers,
producers and policy makers. |
Analyze the positive
and negatives effects of incentives on individuals, businesses and
government policy makers. Examine how well incentives function over
time on the individual and national basis. |
Data analysis
Research
Project
Class discussion
Quiz/test |
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Strand: .4 Economic
Interdependence
Grade/Course: 1/12 AP Economics |
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Grade Level
Objectives |
Performance
Indicators |
Assessments |
| A. |
Analyze how
specialization may increase the standard of living. |
Define and calculate
absolute and comparative specialization advantages for consumers and
producers. |
Data analysis
Graphing |
| B. |
Analyze the
relationships between trade, competition and productivity. |
Define and illustrate
equilibrium in trade, competition and productivity among nations.
Use data to forecast trading benefits for the United States. |
Research Data
analysis
Writing activity
Class discussion
Quiz/test |
| C. |
Evaluate how a nation
might benefit by lowering or removing trade barriers. |
Analyze issues of free
trade versus protectionism. Evaluate free trade agreements, for
example, NAFTA and the European Common Market. |
Research Debate
Class discussion |
| D. |
Explain how the
location of resources, transportation and communication networks and
technology has affected international economic patterns. |
Evaluate how resources
including technology can and does affect the balance of payments and
national debt of the United States. Compare and contrast these with
other modern economies. |
Class discussion Data
analysis
Quiz/test |
| E. |
Analyze how United
States consumers and producers participate in the global production
and consumption of goods or services. |
Analyze the
inter-relationship of domestic and international fiscal policies.
Evaluate how American consumers and producers are affected by
international trade. |
Research Writing
activity
Class discussion
Quiz/test |
| F. |
Evaluate how trade is
influenced by comparative advantage and opportunity costs. |
Explain why nations
trade at all. Analyze the comparative and absolute advantages of
trade using the economies of the United States and other countries. |
Research Data
analysis
Presentation
Class discussion |
| G. |
Evaluate
characteristics and distribution of international economic activities. |
Explain arguments for
and against free trade. |
Research Debate
Projects
Class discussion
Quiz/test |
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Strand: .5 Work and Earnings
Grade/Course: 1/12 AP Economics |
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Grade Level
Objectives |
Performance
Indicators |
Assessments |
| A. |
Analyze the factors
influencing wages. |
Determine how monetary
policy affects employment. Evaluate the effects of supply and demand
on employment and wages. |
Class discussion Data
analysis
Quiz/test |
| B. |
Evaluate how changes in
education, incentives, technology and capital investment alter
productivity. |
Analyze how each of
these factors relates to productivity and how this affects workers and
producers. |
Research Presentation
Class discussion
Quiz/test |
| C. |
Analyze the costs and
benefits of organizing a business as a sole proprietorship,
partnership or corporation. |
List the positive and
negative financial and legal aspects of the three basic forms of a
business. Determine what impact each form of business has on the
individual owner and/or investor. |
Writing activity Data
analysis
Class discussion
Research
Quiz/test |
| D. |
Analyze the role of
profits and losses in the allocation of resources in a market economy. |
Evaluate how a market
economy differs from a unitary economy in the effect of profit and
loss on business and investments. Analyze the fiscal policies of
nations with either market or unitary economic systems. |
Research Data
analysis
Graphing
Class discussion
Quiz/test |
| E. |
Compare distribution of
wealth across nations. |
Classify developed and
developing countries by GDP per capital. Analyze problems involving
classification. |
Research Data
analysis
Presentation
Class discussion
Project
Quiz/test |
District
Recommended Instructional Approach For the Course
To Drive Teacher’s Instructional Activities |
- Whole group instruction
- Small group instruction
- Flexible groups
- Cooperative groups
- Peer revising and editing
- Projects
- Creative activities
- Class discussion
- Modeling process
- Direct instruction
- Oral presentations
- Thematic units
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- Individual instruction
- Independent study
- Research
- Guest speakers
- Guided reading
- Review
- Student-guided lessons
- Debate
- Presentations
- Data analysis
- Graphing
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