Content Standard: Economics Students will be able to: 1. Demonstrate knowledge of economic
concepts of supply, demand, price, the role of money, and
profit and loss. Stock Market Federal Reserve Competition vs. Monopoly Students will simulate a Stock Market
Program. Consumer Education
(Millikin) Students will debrief their experience
with supply, demand, price, profit, and loss. stock market 2. Analyze how prices act as signals
to producers and customers to answer the three basic
economic questions: What to produce? how? and for
whom? Stock Market Federal Reserve Competition vs. Monopoly Students will create a business and
market their product. Students will present to the class
what their business is, how they will produce their product,
and for whom it will be produced. producers 3. Identify how the fundamental
characteristics of the United States economic System (e.g.,
private property, profits, competition, and price system)
influence economic decision making Stock Market Federal Reserve Competition vs. Monopoly Students will simulate a Stock Market
Program. (See Economics A1) Students will debrief their experience
with supply, demand, price, profit, and loss. (See Economics
A1) . 5. Describe the roles and
contributions of the principal contributors to the economy
(e.g., laborers, investors, entrepreneurs,
managers.) Stock Market Federal Reserve Competition vs. Monopoly Students will interview the principle
contributors to the economy and share their finds with the
class. Students will create a diagram showing
the principle contributors to the economy. private property
B. Economic Systems of the United States
Students will understand the economic system of the United States,
including its principles, development, and institutions.
Common
Assessment(s):
(Specific grade level learning
objectives)
profit
loss
supply
demand
consumers
Presenters from outside businesses will share their
expertise.
laborers
investors
entrepreneurs
managers