Pillars of Student Success |
Entrepreneurship: Moderate |
Financial Literacy: Moderate |
Work Readiness: Moderate |
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Program Implementation | Program Grade-Level |
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Classroom Based | Grades 9-12 |
Program Concepts | Program Skills |
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Banks as borrower and lender, Command economy, Consumer Price Index (CPI), Consumer purchasing power, Demand, Distribution, Economics, Economic isolationism, Economic systems, Federal Reserve System, Free-rider problem, Inflation, Inflation rate, International trade, Investing options, Market economy, Market-clearing price, Nonrivalry, Percentage change, Private property, Production, Public vs. private goods, Public vs. private sector, Regional trade, Risk versus reward, Saving options, Simple interest, Supply, Supply and demand, Tariff, Taxes, Trade restrictions, Utility, United States Bureau of Labor Statistics (BLS), World trade | Analyzing information, Categorizing data, Charting, Decision making, Evaluating alternatives, Evaluating information, Graphing, Listening for understanding, Oral and written communication, Negotiating, Public speaking, Reading for understanding, Solving algebraic equations, Working in pairs and groups |
Students examine how the economic system that a society uses for production, distribution, and consumption of goods and services significantly affects the individuals in that society.
Students illustrate the impact of supply and demand on the economy by participating in an economic situation using real-life examples.
Using an experiential game format, students demonstrate the interaction of supply and demand and how market forces affect the price of products.
Students explore concepts related to consumers, savers, and investors, including how wealth increases in different saving and investing options. They compare the characteristics, risks, and rewards of several options.
Students analyze the effect of government on the economy, including intervention through the production of public goods and services, taxes, and its role in protecting private property.
Students learn about inflation and its effect on prices, consumer purchasing power, the willingness of financial institutions to loan money, and how the consumer price index (CPI) monitors inflation.
Students compare trade policies and the global economy through a simulation based on the increased utility (satisfaction) of international trade.
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