ECONOMICS 2nd 9 Weeks CURRICULUM MAP & STANDARDS FOR YEAR PRG1 - ECONOMICS CURRICULUM MAP\/STANDARDS YEAR LONG COURSE 2012-2013 SECOND NINE-WEEKS

ECONOMICS 2nd 9 Weeks CURRICULUM MAP & STANDARDS FOR YEAR PRG1

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ECONOMICS CURRICULUM MAP/STANDARDS YEAR LONG COURSE 2012-2013 SECOND NINE-WEEKS Unit 3: Markets: Not just for fleas & stocks Unit 4: Government & the Economy: Superhero or Villain? Economics Unit 3: “Markets: Not just for fleas and stocks” SSEF3 The student will explain how specialization and voluntary exchange between buyers and sellers increase the satisfaction of both parties. 1 a. Give examples of how individuals and businesses specialize. 2 b. Explain that both parties gain as a result of voluntary, non-fraudulent exchange. Date(s) taught: Date Assessed: SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services, and money. 1a. Illustrate by means of a circular flow diagram, the Product market; the Resource market; the real flow of goods and services between and among businesses, households, and government; andthe flow of money. 2b. Explain the role of money and how it facilitates exchange.

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