SLCC ECON 1010

Instructor:  Mrs. Nicole Blanco

Month

Standards

Skills

Assessment

Jan.

Standard 01

Students will understand the economic condition of scarcity where

individuals, businesses, governments, societies, and nations must make

choices in attempting to satisfy unlimited wants and needs using limited

resources.

S1-

Identify scarcity and wants versus needs.

 

S1-

Identify: resources; human and natural, opportunity costs, trade offs, basic economic questions, marginal analysis

S1-

Vocabulary and chapter quizzes and tests.

 

S1-

Class discussion involvement

Feb.

Standard 02

Students will understand that resources and goods/services are allocated by voluntary exchange and that economic markets are characterized by supply,

demand, competition, incentives, and property rights.

 

Standard 03

Students will recognize how government and economic institutions assist

individuals and groups in pursuit of economic well being.

 

 

S2-

Understand markets and allocation of resources.

 

 S2

Identify incentives, competition and property rights.

 

S2

Identify laws of supply and demand as well as explain why consumers and buyers do what they do.

 

S2

Explain Adam Smith, monopoly, oligopoly and other terminology

 

S3

Explain the phases in the business cycle, principle goals of the U.S. Economy, GDP, Reserve Bank, role of entrepreneurs.

S2

Tests and class discussions

 

 

S3

Tests and class discussions

S3

Term projects

Mar.

Standard 04

Students will understand how investing in health, education, technology, and

entrepreneurial pursuits can increase productivity and the standard of living.

 

S4

Understand division of labor, productivity, technology, resources, savings and investments today and their importance.  Understand the role of ethics and what it is.

 

 

S4

Projects, tests and class discussion.

Apr.

Standard 05

Students will understand how individuals, businesses, governments, societies,

and nations are impacted by a changing global economy.

 

 

S5

Summarize the pros/cons of trade for individuals, business and government.

 

S5

Compare and contrast absolute and comparative advantage, currency exchange rates, nations that struggle and why.

S5

Presentations, tests, class discussions and student writing.

 

 

May.

Review Month

Students will demonstrate an understanding of the economic terms and topics identified throughout the semester.

 

State Competency Test Review

 

Students will know the pros and cons to each business type as well as be able to identify company types that are running currently.

 

 

Review Terms with cross word puzzles

Review Learning Journals

Review sample tests

 

 

Chapter exams and projects

 

 

 

State Competency Exam