• Strand Market Economy
    Standard 1.2 Competitve Markets Grade Level HS  
         
     
    1.2.1
     
    1.2.2-
     
     
    1.2.3-
     
     
    Business Structures – Compare and contrast the functions and constraints facing economic institutions including small and large businesses, labor unions, banks, and households.
     
    Price in the Market – Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market.
     
    Investment, Productivity and Growth – Analyze the role investments in physical (e.g., technology) and human capital (e.g., education) play in increasing productivity and how these influence the market.
    		  
    Key concepts
    Essential understandings
    (Procedural or Conceptual)
    Vocabulary:
    - economic institutions, businesses, labor unions, banks, household, prices, signals, incentives, buyers, sellers, market, investments, human capital
    		 Aligned Assessments
     Students will know
     
    1. Functions and constraints of verious economic institutions
    2. The role of prices in a competetive market
    3. The role of improved physical and human capital in the market
    		  
     Students will be able to
    1. Compare and contrast the functions and constraints facing economic institutions including small and
        large businesses, labor unions, banks, and households
    2. Identify the impact of prices and signals as it relates to buyers and sellers in a competitive market
    3. Identify the impact that improvements in physical and human capital have on the market
    		  
    Student-friendly Language Target Assesment
    1.  I can compare and contrast the functions and constraints facing economic institutions including small
        and large businesses, labor unions, banks and households (Knowledge and Reasoning: Performance Based assessment)
    2. I can identify the impact of prices and signals as it relates to buyers and sellers in a competitve
        market (Knowledge and Reasoning: Performance Based Assesment)
     
    3. I can identify the impact that improvements in physical and human capital have on the market (Knowledge and reasoning: Multiple Choice/short answer)
     
    Assesment
    1. Students are to create a comparison chart/grid with the economic institutions across the top and the functions and constraints along the side.  They are then to check off each box of what each institution has to create a comparison chart.
    2.  * See Assesment for 1.3
    3.  * See Assesment for 1.3.2
         * The GI Bill provided to people who serve in the military, which gives money to go to school, is considered to be important to the current and future economy.  What is the importance to having an educated workforce as compared to an uneducated one?
Last Modified on February 14, 2018