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Chapter 1
A. Scarcity, Choices, Rational Self Interest
--Chapter 1: 2-8
A1. Identify the factors of production
A2. Understand the concepts of incentives -
Period: to
Weeks
I teach in 6 Week Terms -
Chapter 2
Tradeoff, Production Possibilities Curve, Comparative Advantage, Private Property Right
--Chapter 2, 24-36
B1. Draw a Production Possibilities Curve
B2. Determine Comparative Advantage and Specialization -
Chapter 3
C. Law of Demand, Demand Curve, Quantity Demanded, Determinants of Demand
--Chapter 3, pp 47-53
C1. Describe reasoning for Law of Demand
C2. Identify and Graph the Demand Curve
C3. Demonstrate correct shift of Demand Curve on graph D. Law of Supply, Supply Curve, Quantity Supplied, Determinants of Supply
-- Chapter 3, pp 53 - 56
D1. Describe reasoning for Law of Supply
D2. Identify and Graph the Supply Curve
D3. Demonstrate correct shift of Demand
E. Equilibrium
-- Chapter 3, pp 59 - 61 -
Chapter 4
A. Consumer Sovereignty, Household, Firm, Circular Flow Diagram,
-- Chapter 4, pp 75 -81
A1. Analyze flow of resources between household and Firms
A2. Identify Key terminology in Consumer Sovereignty -
Chapter 5
Externalities, Public Good, Monopoly, Business Cycle, Government Spending
--Chapter 5, pp 101-105
B1. Identify causes of externalities
B2. Identify public good in market systems
B3. Distinguish the 4 monopolies that exist
B4. Identify and Analyze the stages of a business cycle -
Chapter 6
Gross Domestic Product, Net National Product, Real GDP, Price Indexes
--Chapter 6, pp 121-132
C1. Analyze components of Gross Domestic Product
C2. Identify importance of several measurements of national output
C3. Identify causes of skewed data in historical context
C4. Calculate data to fix skewed information -
Chapter 8
A1. Unemployment, Indicators, Types of Unemployment, Effects of Unemployment
--Chapter 8, pp 159-167
A1. Analyze historical level of unemployment
A2. Determine possible unemployment reasons why unemployment happens
A3. Distinguish between the types of Unemployment
A4. Identify the severity of each type in correlate when they were prevalent in history
A5. Analyze what happens to a nation as unemployment increases -
Chapter 7
B1. Exchange Rates, Species Flow Diagram
-- Chapter 7, pp 145-150
B1. Identify strongest world currencies
B2. Monitor Exchange Rate of other countries
B3. Calculate Gains\Losses of exchanged quantities at different intervals in time
