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HS Econ with Fin Lit Organizing Principle 5

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Published by cldising, 2017-05-25 12:42:59

HS Econ with Fin Lit Organizing Principle 5

HS Econ with Fin Lit Organizing Principle 5

Organizing Principle 5: Understand how economic performance is measured (Unit 5). Pacing 8 days

Measurement Topics Curriculum Standards Benchmarks Academic Language
SS.912.E.1.12*
GDP, Inflation and 1. Examine the four phases of the business cycle (peak, contraction - SS.912.E.2.5 1. Gross domestic product
Unemployment unemployment, trough, expansion - inflation). (GDP)
Learning Targets: SS.912.E.2.7
• Students will identify measures of economic performance. 2. Net exports
• Students will identify the components of Gross Domestic Product (GDP). SS.912.E.3.1* 3. Gross investment
• Students will identify the defining characteristics of the four phases of the business 4. Intermediate goods
5. Durable goods
cycle. 6. Nominal GDP
7. Real GDP
• Students will distinguish between recessions and depressions. 8. Standard of living
2. Analyze how capital investments may impact productivity and economic growth. 9. (Aggregate) Price level
10. Aggregate supply
Learning Targets: 11. Aggregate demand
• Students will distinguish between investment in physical capital (factories, 12. Business cycle
13. Expansion
machinery, technology) and investment in human capital (people, training, 14. Peak
education). 15. Contraction/Recession
16. Trough/Depression
• Students will distinguish between capital investments and financial investments. 17. Stagflation
• Students will describe how regulation impacts capital investment decisions. 18. Economic indicators:
• Students will explain how capital investments affect technological progress and
leading, coincident,
productivity and contribute to economic growth. lagging
19. Real GDP per capita
• Students will examine factors influencing capital investments and economic growth, 20. Unemployment:
Frictional, seasonal,
such as population growth, tax policies, imports, etc. Examples may include, but are structural
not limited to, factories, machinery, technology, and people. 21. Cyclical unemployment
22. Unemployment rate
3. Identify the impact of inflation on society. 23. Full employment
Learning Targets: 24. Underemployment
• Students will examine the effects of inflation on purchasing power, income, and 25. Discouraged worker
26. Inflation
interest rates. 27. Purchasing power
28. CPI/price index
• Students will identify the measures, types, and causes of inflation. 29. Market basket
• Students will examine the impact of inflation on monetary and fiscal policies using 30. Inflation rate
31. Hyperinflation
aggregate demand and aggregate supply policies. 32. Quantity theory
33. Demand-pull theory
• Students will describe how changes in money supply, aggregate demand, and 34. Cost-push theory
35. Wage-price spiral
aggregate supply cause inflation. Students will identify costs of inflation on 36. Deflation
consumers, creditors (lenders), and debtors (borrowers).

• Examples may include, but are not limited to, consumer price index (CPI), economic

indicators, hyper-inflation, and stagflation.

4. Demonstrate the impact of inflation on world economies.

Learning Targets:

• Students will identify and explain the effect of inflation on world economies during SS.912.FL.3.2
SS.912.FL.3.3
the Great Depression, World War II, and the 1973 oil crisis.
SS.912.FL.3.4
• Students will recognize that inflation caused by competition for resources makes it

difficult for countries, especially less developed countries (LDCs), to channel
resources to development and maintain economic growth.

• Examples may include, but are not limited to, oil prices, 1973 oil crisis, Great

Depression, and World War II.

5. Examine the real interest rate which takes inflation into account.
6. Analyze the differences between the real interest rate and nominal interest rate.
7. Money received (or paid) in the future can be compared to money held today by

discounting the future value based on the rate of interest.


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