Economics

CARLSTADT-EAST RUTHERFORD REGIONAL HIGH SCHOOL DISTRICT
SOCIAL STUDIES DEPARTMENT

ECONOMICS
Economics Curriculum Guide
Pacing Guide: Economics- half year course

Economics is a half year course
that meets on a rotating basis for What is Economics? (2-3 weeks)
three (3) 55-minute blocks and
one (1) 40-minute block for Economic Systems and the American Economy (2-3 weeks)
every five (5) day cycle.
Your role as a Consumer (2-3 weeks)
Demand and Supply (2-3 weeks)
Role of Labor and Business (2-3 weeks)
Role of Government: Monetary & Fiscal Policies (2-3 weeks)
International Trade (2-3 weeks)
Henry P. Becton Regional High School

July 2018
Page 1 of 19
ECONOMICS
Technology Standards: 8.1.12.A.2: Produce and edit a multi-page document for a commercial or professional audience using desktop
8.1.Educational Technology publishing and /or graphic software
8.1.12.C.1: Develop an innovative solution to a complex local or global problem/issue in collaboration with
peers and experts and present ideas for feedback in an online community.
8.1.12.E.1: Develop a systematic plan of investigation with peers and experts from other countries to produce
an innovative solution to a state, national or worldwide issue.
8.1.12.F.1: Select and use specialized databases for advanced research to solve real world problems
8.2 Technology Education, 8.2.12.B.4: Investigate a technology used in a given period of history, e.g., stone age, industrial revolution or
Engineering, Design, and information age, and identify their impact and how they may have changed to meet human needs and wants.
Computational Thinking- 8.2.12.D.4: Assess the impacts of emerging technologies on developing countries
Programming
21st Century Skills Standards:
9.1 Personal Financial Literacy 9.1.12.A.1: Differentiate among the types of taxes and employee benefits
9.1.12.A.2: Differentiate between taxable and nontaxable income.
9.1.12.A.3: Analyze the relationship between various careers and personal earning goals.
9.1.12.A.4: Identify a career goal and develop a plan and timetable for achieving it, including
educational/training requirements, costs, and possible debt.
9.1.12.B.1: Prioritize financial decisions by systematically considering alternatives and possible
consequences
9.1.12.B.2: Compare strategies for saving and investing and the factors that influence how much should be
saved or invested to meet financial goals.
9.1.12.C.1: Compare and contrast the financial benefits of different products and services offered by a variety
of financial institutions.
9.1.12.C.3: Compute and assess he accumulating effect of interest paid over time when using a variety of
sources of credit.
9.1.12.E.2: Analyze and apply multiple sources of financial information when prioritizing financial decisions.

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ECONOMICS
9.1.12.F.1: Relate a country’s economic system of production and consumption to building personal wealth
and achieving societal responsibilities.
9.1.12.F.2: Assess the impact of emerging global economic events on financial planning
9.2 Career Awareness, 9.2.12.C.4: Analyze how economic conditions and societal changes influence employment trends and future
Exploration, and Preparation education
9.2.12.C.5: Research career opportunities in the United States and abroad that require knowledge of world
languages and diverse cultures.
9.2.12.C.6: Investigate entrepreneurship opportunities as options for career planning and identify the
knowledge, skills, abilities, and resources required for owning and managing a business.
9.2.12.C.7: Examine the professional, legal, and ethical responsibilities for both employers and employees in
the global workplace.
Career Ready Practices: CRP1-Act as a responsible and contributing citizen and employee.
CRP6-Demonstrate creativity and innovation.
CRP7-Employ valid and reliable research strategies.
CRP8-Utilize critical thinking to make sense of problems and persevere in solving them.
CRP9-Model integrity, ethical leadership and effective management.
CRP11-Use technology to enhance productivity.
CRP12-Work productively in teams while using cultural global competence

July 2018
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ECONOMICS
Differentiation/Accommodations/Modifications
Gifted and Talented English Language Learners Students with Disabilities Students at Risk of School Failure
(Content, process, product and Modifications for (Appropriate accommodations, Modifications for Classroom
learning environment) Homework/Assignments instructional adaptations, and/or Pair visual prompts with verbal
modifications as determined by the presentations
Extension Activities  Modified in-class assignments IEP or 504 team)
 Building background information  Intervention and Referral Team
 Incorporate challenging  Simplifying language for  In-Class-Support (I&RS) in-house strategies for
assessments presentation  Graphic Organizers teachers.
 Open forums and debates in the  Internet bilingual dictionaries  Provide study guides  Extra textbooks at home
classroom regarding during class and during  Extended time on assessments  Extended time for assignments
controversial issues. assignments.  Research guides  Highlight key vocabulary
 Utilize advanced materials and  Word banks for tests and quizzes  Analogies  Pair visual prompts with verbal
resources to meet the needs of  Developing content area  Highlighting/underlining presentations
students. vocabulary  Note-taking guides  Model skills/techniques
 Competitive and collaborative  Extended time for all  Cue cards  Modify assignments
projects assessments  Establish timelines  Preferential seating as noted by
 Independent projects requiring  Use of graphic organizers  Clarify assignments, directions, teacher and student
research skills for assessing  Internet text translators instructions  Parent/teacher communication
information  Simplification of requirements  Chapter/lecture notes  Provide books on tape/CD/digital
 Anchor Activities  Access to teacher designed  Assistive technology media as requested by student
 Advanced discussion techniques Power Points and notes  Provide computer programs to when appropriate.
 Concept development assist with written assignments  Assign peer helper in class
 Collaboration between ESL and  Highlight key vocabulary  Pair visual prompts with verbal
mainstream classroom teachers.  Model skills/techniques presentations
 Pair novice ELLs with advanced  Parent/teacher communication  Repetition and practice
ELL’s.  Provide books on tape/CD/digital  Provide copy of class notes
 High-interest / low-reading-level media as requested by student  Use of computers to complete
civics and history materials when appropriate. assignments as requested by a
 Assign peer helper in class student
 Pair visual prompts with verbal  Provide verbal reminder of
presentations assignments
 Repetition and practice  Check student independent work
July 2018
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ECONOMICS
Modifications for Homework:  Provide verbal reminder of  Assist student with planning of
assignments assignments
 Extended time to complete  Check student independent work  Assist with technology
assignments  Assist student with planning of
 Internet text translators assignments Modifications for Homework and
 Use of graphic organizers Assignments:
 Modified homework assignments Modifications for Homework and
 Internet bilingual dictionaries. Assignments:  Extended time to complete
 Provide student with clearly assignments
stated and written expectations  Extended time to complete  Simplify complicated assignments
and grading criteria for assignments into smaller units in phases as
homework  Simplify complicated needed by student
assignments into smaller units in  Provide student with clearly stated
phases as needed by student and written expectations and
 Provide student with clearly grading criteria for assignments
stated and written expectations
and grading criteria for Modifications for Assessments:
assignments.
 Extended time for tests and quizzes
Modifications for Assessments:  Restate and clarify directions and
questions
 Extended time for tests and  Provide study guides for classroom
quizzes tests
 Restate and clarify directions and  Establish procedures for
questions accommodations/modifications for
 Provide study guides for assessment
classroom tests
Establish procedures for
accommodations/modifications
for assessments

July 2018
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ECONOMICS
CONTENT: Economics
Theme: What is Economics
Essential Questions:
What is economics?
What do economists do?
How do economists view and solve problems?
Content (As a result of this learning Skills (As a result of this learning Assessments (The above Essential Standards (NJSLS)
segment, students will know…) segment, students will be able to…) Questions will be assessed with the 6.1.8.C.1.a
following formative and summative 6.1.8.C.1.b
 Define economics, describe what  Students will be able know basic measures:) 6.1.8.C.4.c
economists do, and how economic concepts, familiarize 6.1.12.C.5.c
economists think, and solve how economic problems are  Do Now Exercises 6.1.12.C.6.c
problems using economic solved, and to equip students with  Crossword Puzzle 6.1.12.C.9.c
thinking. the basic tools to solve economic  Classroom Exercises 6.1.12.C.14.b
problems  Independent Practice 6.2.12.C.6.d
 Differentiate between  Homework 6.1.12.C.11.b
macroeconomics and  Guided Reading Activity 6.3.12.C.1
microeconomics and between the WHST 11-12.1-10
 Quizzes
different types of economies that RH.11-12.1-10
 Cumulative Tests
exist  Group and oral presentations
 Define economics, describe what Technology Standards:
 Exams 8.1.12.A.2
economists do, how economists
 Lecture and Note Taking 8.1.12.C.1
think, and solve economic
 Working with Partners 8.1.12.E.1
problems using economic
thinking  Board Examples 8.2.12.B.4
 Evaluate the circular flow of  Application Lesson Openers
economic activity  Poster Interpretations 21st Century Themes and Skills:
 Discussion 9.1.12.A.1
 Questions & Answers 9.1.12.A.2
9.1.12.A.3
9.1.12.A.4
9.1.12.B.1
9.1.12.B.2
9.1.12.B.3
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ECONOMICS
9.1.12.C.1
9.1.12.C.3
9.1.12.E.2
9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7
Career Ready Practice:

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 weeks
Materials:
Textbook – Economics Today and
Tomorrow
Internet Resources & Websites
Practice Worksheets
Supplementary Materials

July 2018
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ECONOMICS
CONTENT: Economics
Theme: Economic Systems and the American Economy
Why do we, as American consumers, have so many choices?
How is our economy different from the economies of other countries?
segment, students will know…) segment, students will be able to…) Questions will be assessed with the 6.1.4.A.1
following formative and summative 6.1.4.B.4
 The importance of different  Students will be able to know and measures:) 6.1.4.B.6
economic resources with special understand the importance of 6.1.4.C.1
emphasis on human capital and resources within an economic  Do Now Exercises 6.1.4.C.2
how it pertains to their future system and how choices must be  Crossword Puzzle 6.1.4.C.3
 The idea of scarcity dictates made to both obtain and use those  Classroom Exercises 6.1.4.C.5
decision making within an resources to their maximum  Independent Practice 6.1.4.C.6
economic system and how each potential. Students will also  Homework 6.1.4.C.7
decision has an opportunity cost discover that there is a limit on  Guided Reading Activity 6.1.4.C.9
 Examine the different market the goods and services in which a  Quizzes 6.1.4.C.11
systems and address the same 3 nation can produce or cultivate 6.1.4.C.13
basic questions in much different and, therefore, choices must be 6.3.12.C.1
 Group and oral presentations WHST 11-12.1-10
ways made
 Exams
 Examine the American model of  Lecture and Note Taking
RH.11-12.1-10
‘market economy’ and evaluate
 Working with Partners Technology Standards:
the role of subsidies and
 Board Examples 8.1.12.A.2
regulations
 Application Lesson Openers 8.1.12.C.1
 Poster Interpretations 8.1.12.E.1
 Discussion 8.2.12.B.4
 Questions & Answers
21st Century Themes and Skills:
9.1.12.A.1
9.1.12.A.2
9.1.12.A.3
9.1.12.A.4
9.1.12.B.1
9.1.12.B.2
July 2018
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ECONOMICS
9.1.12.B.3
9.1.12.C.1
9.1.12.C.3
9.1.12.E.2
9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 9 of 19
ECONOMICS
CONTENT: Economics
Theme: Your Role as a Consumer
How do we as consumers make rational consumer choices?
 Students will gain a better
 The resources that are available measures:) 6.1.12.C.5.a
here in America, the economic understanding of the American 6.1.12.C.6.c
choices we make and the cost of financial system and the role they  Do Now Exercises 6.1.12.C.9.c
every choice. as both consumer and potential  Crossword Puzzle 6.3.12.C.1
 investors play in shaping our
The scarcity of a good impact  Classroom Exercises WHST 11-12.1-10
economy
price, how the U.S. free  Independent Practice RH.11-12.1-10
 Analyze how technological
enterprise system works, and the
developments transformed the  Homework
3 basic questions that all  Guided Reading Activity Technology Standards:
economies answer economy, created international 8.1.12.A.2
markets, and affected the  Quizzes
 The makeup of a mixed economy  Cumulative Tests
8.1.12.C.1
environment in New Jersey and 8.1.12.E.1
and the economic goals of a  Group and oral presentations
the nation 8.2.12.B.4
mixed U.S. economy
 Analyze the economic practices  Exams
 The decisions consumers make
of various business organizations  Lecture and Note Taking 21st Century Themes and Skills:
determine what goods and
(i.e. corporations and monopolies)  Working with Partners 9.1.12.A.1
services an economy will produce
regarding production and  Board Examples 9.1.12.A.2
marketing of goods, and explain  Application Lesson Openers 9.1.12.A.3
the positive or negative impact of  Poster Interpretations 9.1.12.A.4
these practices on the nation and  Discussion 9.1.12.B.1
on individuals  Questions & Answers 9.1.12.B.2
 Evaluate the role consumers play 9.1.12.B.3
in shaping a modern mixed 9.1.12.C.1
economy 9.1.12.C.3
 Explain the interdependence of 9.1.12.E.2
various parts of market economy 9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7
July 2018
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ECONOMICS

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 Weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 11 of 19
ECONOMICS
CONTENT: Economics
Theme: Demand and Supply
What is the relationship between demand and supply?
How does this relationship determine the prices you pay?
 Inflation and what are the  Gain a better understanding as to measures:) 6.1.12.C.5.a
causes/effects, who wins and why the value of money changes 6.1.12.C.6.b
loses with inflation over time and what impact that has  Do Now Exercises 6.1.12.C.6.c
 The consumer price index, the on the overall purchasing power of  Crossword Puzzle 6.1.12.C.9.b
laws of supply and demand, and consumers.  Classroom Exercises 6.1.12.C.9.c
market price. Changes in the  Comprehend the laws of supply  Independent Practice 6.3.12.C.1
demand for or supply of a and demand and the effect they  Homework WHST 11-12.1-10
product affect it price and why have within a market economy.  Guided Reading Activity RH.11-12.1-10
prices are important in a market  Graph supply and demand curves  Quizzes
economy for a good/service in order to Technology Standards:
 The factors that influence supply determine the price and quantity  Group and oral presentations
8.1.12.A.2
and demand and economists supply/demand 8.1.12.C.1
 Exams
attempt to quantify the  Evaluate the relationship between  Lecture and Note Taking
8.1.12.E.1
satisfaction from a good or inflation and other economic 8.2.12.B.4
service  Working with Partners
indicators such as unemployment
 Board Examples 21st Century Themes and Skills:
 Determine the effect of price-floors
and price-ceilings on a market  Application Lesson Openers 9.1.12.A.1
 Poster Interpretations 9.1.12.A.2
 Calculate consumer surplus and
producer surplus, including  Discussion 9.1.12.A.3
applying gains/losses in each to  Questions & Answers 9.1.12.A.4
situations where market 9.1.12.B.1
externalities exist 9.1.12.B.2
9.1.12.B.3
 Identify the conditions under which
9.1.12.C.1
supply or demand, and thereby
price, change. 9.1.12.C.3
9.1.12.E.2
9.1.12.F.1
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ECONOMICS
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 Weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 13 of 19
ECONOMICS
CONTENT: Economics
Theme: Role of Labor and Business
Essential Questions: What are the major categories of the labor force?
Who determines how much you get paid? What are the factors that affect wages?
How can you earn more?
 The labor force and how is it  The students will gain an measures:) 6.1.12.C.5.a
changing, the factors that affect understanding of the importance 6.1.12.C.6.b
the decisions in choosing careers, human capital plays in shaping  Do Now Exercises 6.1.12.C.6.c
and preparing for a career that economic systems and the impact  Crossword Puzzle 6.1.12.C.9.b
may not even exist yet skill sets and education will have  Classroom Exercises 6.1.12.C.9.c
 The impact an aging workforce on their career opportunities as  Independent Practice 6.3.12.C.1
have both on the economy and they enter the workforce  Homework WHST 11-12.1-10
college graduates and the impact  Identify various options they may  Guided Reading Activity RH.11-12.1-10
education has on a nation’s or may not have as they enter the
 Quizzes
human capital workforce Technology Standards:
 How can interview make or break  Evaluate the impact of an aging 8.1.12.A.2
 Group and oral presentations
your chances in the workforce population not only on the 8.1.12.C.1
 Exams
 That market forces of demand workforce but the financial long- 8.1.12.E.1
term health of the American  Lecture and Note Taking 8.2.12.B.4
and supply affect wages and the
economy  Working with Partners
role labor unions play in
organizing workers  Explain the interdependence of  Board Examples 21st Century Themes and Skills:
various parts of a market  Application Lesson Openers 9.1.12.A.1
economy on supply and demand  Poster Interpretations 9.1.12.A.2
 Evaluate the role of consumers  Discussion 9.1.12.A.3
play in shaping a modern mixed  Questions & Answers 9.1.12.A.4
economy 9.1.12.B.1
 Evaluate different business 9.1.12.B.2
sectors within the American 9.1.12.B.3
economy and the role labor 9.1.12.C.1
unions have had in shaping them 9.1.12.C.3
9.1.12.E.2
July 2018
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ECONOMICS
9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 15 of 19
ECONOMICS
CONTENT: Economics
Theme: Role of Government: Monetary & Fiscal Policies
Who determines how much money exists in the United States?
Who’s in charge of the money supply?
How they decide what amount to put into circulation?
 Our nation’s economic goals,  The students will be able to better measures:) 6.1.12.C.5.a
stabilizers that help prevent understand the functions of the 6.1.12.C.6.b
inflation and /or recession federal government as it helps  Do Now Exercises 6.1.12.C.6.c
 The role that the Federal Reserve shape, stabilize, and grow the U.S.  Crossword Puzzle 6.1.12.C.9.a
play in keeping our economy economy  Classroom Exercises 6.1.12.C.9.b,
healthy and its monetary and  Assess the goals of the United  Independent Practice 6.1.12.C.9.c
fiscal policy States through analysis of the  Homework 6.1.12.D.12.a
 The taxes that the people of the federal budget  Guided Reading Activity 6.3.12.C.1
United States pay and who pays  Evaluate the impact of an aging  Quizzes
WHST 11-12.1-10
taxes and what does each population not only on the RH.11-12.1-10
economic sub-group contribute, workforce but the financial long-  Group and oral presentations
and what taxes pay for term health of the American Technology Standards:
 Exams
 The federal budget and how does economy
 Lecture and Note Taking
8.1.12.A.2
it operate, the factors that have  Explain the steps the federal 8.1.12.C.1
 Working with Partners 8.1.12.E.1
contributed to a rising budget government takes to stabilize the
over the past decade, and our health of the economy through both  Board Examples 8.2.12.B.4
national debt and is it problematic monetary and fiscal policies  Application Lesson Openers
for future generations  Analyze the impact of increased  Poster Interpretations 21st Century Themes and Skills:
spending on entitlements as the  Discussion 9.1.12.A.1
baby-boomers reach retirement age  Questions & Answers 9.1.12.A.2
 Evaluate the federal budget and 9.1.12.A.3
identify areas that could be shrunk 9.1.12.A.4
to help decrease the national deficit 9.1.12.B.1
9.1.12.B.2
9.1.12.B.3
July 2018
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ECONOMICS
9.1.12.C.1
9.1.12.C.3
9.1.12.E.2
9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 17 of 19
ECONOMICS
CONTENT: Economics
Theme: International Trade
Essential Questions: What is the importance of international trade?
What percent of goods in American stores are foreign-made? How do we benefit from it?
What happens to the dollars Americans spend outside the United States?
segment, students will know…) segment, students will be able to…) Questions will be assessed with the 6.1.4.A.13
following formative and summative 6.1.4.A.15
 Nations looking to sell their  Students will be able to better measures:) 6.1.12.C.3.a
goods to foreign nations, the understand the role international 6.1.12.C.3.b
benefits from international trade organizations play with  Do Now Exercises 6.1.12.C.5.a
agreements, and who governs establishing free trade  Crossword Puzzle 6.1.12.C.6.b
international trade agreements agreements, offering economic  Classroom Exercises 6.1.12.C.6.c
 The incentives of restricting aide and raising the standard of  Independent Practice 6.1.12.C.9.a
international trade, how living in developing nations  Homework 6.1.12.C.9.b
international trade is regulated, across the globe  Guided Reading Activity 6.1.12.C.9.c
and the benefits from  Assess the goals of the United  Quizzes 6.1.12.D.12.a
international trade States as it pertains to foreign 6.3.12.C.1
 The pros and cons of trade
 Group and oral presentations
WHST 11-12.1-10
globalization, the roles of  Evaluate the impact of a negative RH.11-12.1-10
 Exams
NAFTA, WTO, and GATT in balance of trade with China in
 Lecture and Note Taking Technology Standards:
establishing fair trade agreements particular has shaped our modern
 Working with Partners
 The creation of the EU helped or economy 8.1.12.A.2
 Board Examples
hurt economic prosperity of its  Analyze the effectiveness of 8.1.12.C.1
member states, and exchange international trade agreements  Application Lesson Openers 8.1.12.E.1
rates  Evaluate the fairness of  Poster Interpretations 8.2.12.B.4
international trade agreements  Discussion
and governing bodies  Questions & Answers 21st Century Themes and Skills:
9.1.12.A.1
9.1.12.A.2
9.1.12.A.3
9.1.12.A.4
9.1.12.B.1
9.1.12.B.2
9.1.12.B.3
July 2018
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ECONOMICS
9.1.12.C.1
9.1.12.C.3
9.1.12.E.2
9.1.12.F.1
9.2.12.C.4
9.2.12.C.6
9.2.12.C.7

CRP1
CRP6
CRP7
CRP8
CRP9
CRP11
CRP12
Time Frame:
2 weeks
Materials:
Tomorrow
Practice Worksheets

July 2018
Page 19 of 19

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CARLSTADT-EAST RUTHERFORD REGIONAL HIGH SCHOOL DISTRICT

SOCIAL STUDIES DEPARTMENT

Economics Curriculum Guide

Pacing Guide: Economics- half year course

Demand and Supply (2-3 weeks)

Role of Labor and Business (2-3 weeks)

Role of Government: Monetary & Fiscal Policies (2-3 weeks)

International Trade (2-3 weeks)

Henry P. Becton Regional High School

Henry P. Becton Regional High School

Henry P. Becton Regional High School

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

Career Ready Practice:

Henry P. Becton Regional High School

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