Unit 2:
Economics
Unit Goal:
Learning Targets:
1.
I can understand the concept of scarcity and
its role in decision-making.
2.
I can list and explain tradeoffs and identify
the opportunity cost when making decisions.
3.
I can identify and explain how each economic
system answers the 3 basic economic questions.
4.
I can use the laws of supply and demand to
explain producer and consumer behavior.
5.
I can explain the determination of
equilibrium prices by applying principles of supply and demand to markets for
goods and services.
6.
I can identify side effects of production and
consumption in a market economy.
7.
I can list and evaluate the roles of
government in a market economy.
8.
I can identify and explain economic
indicators such as GDP, unemployment, and CPI.
9.
I can use economic indicators to explain
conditions of depression, recession, and expansion.
10.
I can explain the two tools the federal
government uses for contractionary/expansionary fiscal
policies...
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Notes
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