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Economic Lesson Plans - Edition I Unit 4

Unit 4 - Acquire knowledge of the impact of government on business activities to make informed economic decisions.
 

  • Lesson Plan 14:  Impact of Transitional Economies. Analyze the impact of transitional economies, such as in China and India, on the global economy in general and the American economy in particular. (National Geography Standard 11, p. 206)

  • Lesson Plan 15:   Entrepreneurship. Identify the risks, returns and other characteristics of entrepreneurship that bear on its attractiveness as a career.

  • Lesson Plan 16:  Income. Describe how individuals and businesses earn income by selling productive resources. 

  • Lesson Plan 17:  Public Policy and the Market. Analyze the impact of a change in public policy (such as an increase in the minimum wage, a new tax policy, or a change in interest rates) on consumers, producers, workers, savers, and investors. NOTE: the bulk of these benchmarks are taught in Civics-this should be a brief review.
     
  • Lesson Plan 18:  Government and Consumers. Analyze the role of government in protecting consumers and enforcing contracts (including property rights) and explain own this role influences the incentives (or disincentives) for people to produce and exchange goods and services. NOTE: the bulk of these benchmarks are taught in Civics-this should be a brief review.
     
  • Lesson Plan 19:  Federal Government and Macroeconomic Goals. Identify the three macroeconomic goals of an economic system (stable prices, low unemployment, and economic growth).
     
  • Lesson Plan 20:  Macroeconomic Policy Alternatives. Compare and contrast differing policy recommendations for the role of the Federal government in achieving the macroeconomic goals of stable prices, low unemployment, and economic growth.
     
  • Lesson Plan 21:  Fiscal Policy and its Consequences. Analyze the consequences - intended and unintended - of using various tax and spending policies to achieve macroeconomic goals of stable prices, low unemployment, and economic growth.
     
  • Lesson Plan 22:  Government Revenue and Services. Analyze the ways in which local and state governments generate revenue (e.g., income, sales, and property taxes) and those that revenue for public services (e.g., parks and highways). NOTE: the bulk of these benchmarks are taught in Civics-this should be a brief review.
     
  • Lesson Plan 23:  Government Revenue and Services. Analyze the ways in which governments generate revenue on consumption, income, and wealth and use that revenue for public services (e.g., parks and highways) and social welfare (e.g., social security, Medicaid, Medicare
     
  • Lesson Plan 24:   Functions of Government. Explain the various functions of government in a market economy including the provision of public goods and services, the creation of currency, the establishment of property rights, the enforcement of contracts, correcting for externalities and market failures, the redistribution of income and wealth, regulation of labor (e.g., minimum wage, child labor, working conditions), and the promotion of economic growth and security. NOTE: the bulk of these benchmarks are taught in Civics-this should be a brief review.
     
  • Lesson Plan 25:   Money Supply, Inflation, and Recession. Explain the relationships between money supply, inflation, and recessions.
     
  • Lesson Plan 26:  Financial Institutions and Money Supply. Analyze how decisions by the Federal Reserve and actions by financial institutions (e.g., commercial banks, credit unions) regarding deposits and loans, impact the expansion and contraction of the money supply.  
     
  • Lesson Plan 27:  Federal Reserve and Monetary Policy. Explain the roles and responsibilities of the Federal Reserve System and compare and contrast the consequences - intended and unintended - of different monetary policy actions of the Federal Reserve Board as a means to achieve macroeconomic goals of stable prices, low unemployment, and economic growth  
     
  • Lesson Plan 28: Economic Incentives and Government. Identify and explain how monetary and non-monetary incentives affect government officials and voters and explain how government policies affect the behavior of various people including consumers, savers, investors, workers, and producers. NOTE: The bulk of these benchmarks are taught in Civics--this should be a brief review. 

 

EDITION I

Unit 1 - Economic Concepts

Unit 2 - Nature of Business

Unit 3 - Economic Systems

Unit 4 - Impact of Government

Unit 5 - Analyze   Cost/Relationships

Unit 6 - Economic Indicators 

Unit 7 - Global Trade

Unit 8 - Personal Finance 
 
Resource Binder Edition I