Instructor:

Trask Colby

Contact Information

tcolby@pps.net or 503-916-6120

School:

Learning and Credit Options: Virtual Scholars

School Year:

2018-19

Course number: 2741OR

Course title: Economics

Subject: Social Studies

Grade Level(s): 12

Course Description:

Economic decisions affect us every day of our lives. Understanding economics means thinking about how scarcity, or limited resources, requires us to make choices and evaluate one option against others. In this course, you will recognize examples of economics in your daily life. You will see how the economic choices of larger groups, like businesses and governments, affect you and others. As you progress through the course, you will recognize that the costs and benefits of choices connect individuals and groups around the world. The purpose of this course is to help you become a smart consumer who understands the flow of an economy between individuals, businesses, governments, and the rest of the world.

Prerequisites: N/A

Priority Standards and Final Proficiencies:

This course is a standards-based course. All students will be exposed to CCSS or Oregon state 12 standards--below are the standards that mastery must be shown in order to earn credit.

SS.HS.RH.11-12.4
SS.HS.CS.E.17
SS.HS.CS.E.23
SS.HS.FL.42
SS.HS.E.51
SS.HS.G.20
SS.HS.CS.RH.26
SS.CS.H.3

Schedule of Units Covered:

Unit One:

The basic economic questions
Opportunity Cost
Supply and Demand
Money

Unit Two:

How governments promote economic goals
Price Stability
Employment & Unemployment
Fiscal Policy
Monetary Policy

Unit Three

How countries organize their economies
Trade and specialization
Globalization
Inflation

Unit Four

Wants vs. Needs
Taxation
Savings and Investment
Credit Scores
Budgeting
 

Academic Vocabulary

Absolute advantage
Aggregate
Aggressive
Agrarian economy
Asset allocation
Assets
Balance of trade
Barriers to trade
Barter
Biweekly
Bond
Budget
Business cycle
Capital investment
Certificates of deposit
Collusion
Comparative advantage
Compound interest
Conservative
Consumers
Contraction
Corporation
Costs
Counterfeiting
Credit score
Credit worthiness
Currency
Deficit
Deflation
Demand
Demand schedule
Direct taxes
Discount rate
Diversify
Dividends
Economic products
Economics
Economists
Elastic demand
Eminent domain
Entrepreneur
Entrepreneurship
Equilibrium
Equilibrium price
Exchange rates
Expansion
Export
Externalities
Factors of production
FDIC
Federal debt
Federal funds rate
Federal Open Market Committee
Federal Reserve
Fervently
Fiscal policy
Fixed
Fractional Reserve banking
Fraud
Futures
Globalization
Government regulation
Government securities
Gross domestic product
Gross income
Gross national product
Horizontal consolidation
Illegal
In the red
Incentives
Indirect taxes
Industrial economy
Inflation
Insured savings account
Interdependence
Interest
IRS
Law of Diminishing Marginal Returns
Law of Diminishing Marginal Utility
Legislative
Legitimate
Liability
Liable
Liquid
Live within your means
Macroeconomics
Marginal cost
Marginal cost analysis
Marginal revenue
Marginal tax
Market
Maxed out
Microeconomics
Minimum wage
Moderate
Monetary policy
Money market account
Money supply
Monopolistically competitive
Monopoly
Mortgages
Mutual funds
Natural monopolies
Negative externality
Net income
Oligopoly
Open market operations
Opportunity cost
Outsource
Peak
Per capita
Perfectly elastic demand
Portfolio
Price controls
Price stability
Prime rate
Producers
Profits
Progressively
Protectionism
Prudent
Public company
Quantity demanded
Quantity supplied
Rate of return
Real estate
Recession
Regulation
Regulatory laws
Reserve requirement
Return
Revenue
Scarcity
Secured
Shortage
Specialization
Stagflation
Stock
Stock market index
Stockbroker
Subsidies
Supply
Supply schedule
Surplus
Taxable income
The Fed
Trade-offs
Trough
Unemployment
Unsecured
Utility
Variable
Withholding

District-Adopted Materials

vs.pps.net

Supplemental Resources

As needed

Differentiation/Accessibility Strategies and Support (TAG, ELL,SpEd, other):

Accommodations based on IEP and 504 will be adhered to with guidance from case manager. Case manager approval is required for a student to take a VS course.

 

Instruction and assessments are created and delivered with a mind to multiple learning styles; it is with active cognition that teachers build material for students who learn in many different ways.

Career-Related Learning Experiences

N/A

Essential Skills and Required Work Samples:

Being a standards-based course, work will need to be scored at “Successful” or higher in order to earn credit.

Assessment/Evaluation/Grading Policy

Students are expected to submit work in each course weekly. Students can learn at their own pace; however, students must follow their course Canvas calendar and make progress in the course every week. Students are required to complete self-checks, practice lessons, multiple choice questions, projects, discussion-based assessments, and discussions. Students are expected to:

  • Make regular progress (follow Canvas calendar)
  • Maintain regular contact with teachers

When teachers, students, and families work together, students are successful.

 

This course is a standards-based course.

Course lessons and assessments are targeted to a specific set of CCSS/Oregon state standards. Students will be expected to score at the “Successful” level or higher in order to be marked proficient in each assessment. Students are expected to complete all assessments in the course.

 

If a student scores “Work in Progress” on an assessment, they will be able to revise and resubmit it for re-scoring.

Final grades in Virtual Scholars are determined using the VS Proficiency Matrix.

Behavioral Expectations:

PLAGIARISM is strictly monitored.

 

From the PPS Student Acceptable Use Guide:

Students will not plagiarize works that they find on the Internet. Plagiarism is taking the ideas or writings of others and presenting them as if they were original to the student.

Students will respect the rights of copyright owners. Copyright infringement occurs when an individual inappropriately reproduces a work that is protected by a copyright. If a work contains language that specifies appropriate use of that work, the student should follow the expressed requirements. If the student is unsure whether or not they can use a work, they should request permission from the copyright owner.

 

Students will adhere to the regulations outlined in the PPS Student Acceptable Usage guide

Safety Issues and Requirements

N/A