KOFA HIGH SCHOOL SOCIAL SCIENCES DEPARTMENT ECONOMICS SYLLABUS www.quia.com/pages/kofaeconomics.html GOALS We have two goals for this course. • Help students to thoroughly understand and effectively apply fundamental microeconomic and macroeconomic principles. • Help students thoroughly recognize and understand how these principles relate to their roles as participating citizens in our domestic and global economies and societies. • Help students thoroughly recognize and understand how these principles relate to themselves personally , professionally , and in their roles as participating citizens in our domestic and global economies and societies COMPETENCIES Upon completion of this course, the student will be able to do the following: • Identify and explain the fundamental laws, principles, models, and concepts found in the study of economics • Identify as well as to compare and contrast the different types of economic systems • Identify and explain the unique characteristics of the American free market system • Identify and explain the roles of our key economic institutions and organizations • Identify and explain the fundamental characteristics and roles of market structures and financial instruments • Identify and explain how economic performance is measured and evaluated • Identify and explain the types of fiscal management philosophies and policies that can be used to manage the economy • Identify and explain the fundamental characteristics of the major economic challenges such as inflation, unemployment, and poverty • Identify and explain the types of monetary philosophies and policies that can be used to manage the economy • Identify and explain the fundamental philosophies, policies, activities, institutions, and measurements relating to global trade and development • Identify and explain current economic conditions and events METHODS OF INSTRUCTION Classroom instruction : • Lecture and discussion regarding course material • Reading assignments related to course material • Viewing and discussion regarding videos supplementing course material • Workshop exercises supplementing course material • Discussion of current economic events related to course material Out of classroom instruction : Students are strongly recommended to regularly visit our class web site which contains valuable information. The URL for the web site is www.quia.com/pages/kofaeconomics.html . For student planning purposes , the web site contains a class calendar that shows dates for all exams. It also contains great study tools that are designed to help students prepare for chapter exams. For example , practice exams in fun game formats ( Economic Jeopardy ) are posted to the web site 48 hours prior to chapter exams. MEASUREMENT Grades for each marking period will be calculated as follows : • 70 % Based on chapter exams • 15 % Based on video exams · 15 % Based on team critical thinking exams The semester grade will be determined by the YUHSD guidelines. SPECIAL RULES WITH REGARDS TO EXAMS Please note that all missed chapter and team critical thinking exams must be made up within the six week marking period that they are administered in. Failure to make up missed chapter exams will result in receiving a grade of “ zero ( 0 ) ” on that exam. Video exams that are missed as a result of a student absence will not be made up. Students will be “ exempted ” from a grade and not penalized. On days of video and “ team critical thinking ” exams, students who are tardy to class without a valid excuse, will be penalized 10 points on the exam if they arrive after the video has started or the teams have begun work. ATTENDANCE ADVISORY !! Teacher make-ups are not available for excessive absences. Saturday school is the only alternative. CLASS OUTLINE AND SCHEDULE INTRODUCTION TO ECONOMICS Week 1 INTRODUCTION & ECONOMICS AS A SOCIAL SCIENCE Week 2 WHAT IS ECONOMICS ? Week 3 & 4 THE ESSENCE OF ECONOMICS & DECISION MAKING Week 5 ECONOMIC SYSTEMS & THE FREE MARKET Week 6 AMERICAN CAPITALISM MICROECONOMICS Week 7 DEMAND Week 8 SUPPLY Week 9 PRICES Week 10 & 11 MARKET STRUCTURES Week 12 BUSINESS ORGANIZATIONS Week 13 LABOR Week 14 MONEY & BANKING Week 15 FINANCIAL MARKETS MACROECONOMICS Week 12 ECONOMIC CHALLENGES -POVERTY, INFLATION, AND UNEMPLOYMENT Week 13 MEASURES OF PERFORMANCE BUSINESS CYCLES Week 14 TAXES & GOVERNMENT SPENDING Week 15 FISCAL POLICY Week 16 FEDERAL RESERVE & MONETARY POLICY Week 17 & 18 GLOBAL TRADE & DEVELOPMENT BATTLE FOR THE WORLD ECONOMY