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Key ConceptsStandardDescription1st
9 Weeks		2nd
9 Weeks
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Economic ConceptsStandard 1Demonstrate an understanding of fundamental economic concepts at an individual, business and governmental level.
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EPF.1.ERExamine how scarcity of time and resources necessitates decision-making
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EPF.1.INResearch and utilize evidence to explain how various economic systems address the basic economic questions regarding distribution of resources
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EPF.1.CCDetermine how sociey's allocation of resources impacts economic well-being using a production possibilities curve
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EFP.1.IPEvaluate how short-term goals allow individuals and institutions to make rational decisions using marginal anaylsis
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Financial LiteracyStandard 2 Demonstrate an understanding of how scarcity and choice influe individual financial decisions
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EPF.2.ERResearch and anzlyze the facors that impact personal income and long-term earning potential
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EPF.2.INIndentify and explain the functions of different types of financial institutions and how they assist individual in achieving short-and long-term earning potential
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EPF.2.CCDetermine financially responsible ways that individuals acquire and use credit
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EPF.2.IPDevelop a personal finance strategy for investing, protecting, purchasing, and saving resources.
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MicroeconomicsStandard 3 Demonstrate an understanding of basic microeconomic principles
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EPF.3.ERApply the laws of supply and demand to determine how changes in market conditions affect prices.
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EPF.3.INCompare and Contrast how the organization of various market structures affects decisions and outcomes of individuals and firms
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EPF.3.CCIllustrate market equilibrium and the impact of shifts in supply and demand, different elasticities, and price controls on market output and price.
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EPF.3.IPResearch and evaluate geopolitical influences on employment trends and issues at the state and national level
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MacroeconomicsStandard 4Demonstrate an understanding of how international competition and conflict realigned global powers during the time period of 1885-1950
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EPF.4.ERIdentify and analyze important economic indicators and data used to gauge the economic well-being of society
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EPF.4.INProvide justification for or against regulation in a free-enterprise system
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EPF.4.CCEvaluate the impact of gloablization and trade on the economic well-being of a country
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EPF.4.IPInvestigate contemporary economic policies and analyze how political ideologies influenced their inplementation
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