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Economics
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Essential Skills Embedded Throughout the SDOW Curriculum: Link
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Professional Communication Critical Thinking Emotional Intelligence Time Management/Organization Leadership Techology
Digital Citizenship Learning from Failure Conflict Resolution Teamwork
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Quarter 1
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Unit : 1 Economic Way of Thinking
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Goal/Focus of Unit: Students will gain knowledge on introductory concepts on the subject of economics, explain connections to past events, and analyze how economic theories impact society.

Common Vocabulary: Economics, Needs, Wants, GDP, Scarcity, Producer, Consumer, Land, Labor, Capital, Entrepreneurship, Utility, Incentives
DOKIntroduce (I)
Developing (D)
Master (M)
Reinforce (R)
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CodeStandard
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SDOWApply the concepts of natural resources, capital, labor, investmentment, profit, and laissez-faire policies to explain how societies make economic decisions.4M
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9-12.WH.T1.S1.BExplain connections between historical context and peoples’ perspectives at the time in world history2M
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9-12.GV.2.EC.AAnalyze the impact of economics and economic theories on the formation of United States governmental ideals, principles and structures.2M
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Unit : 2 Economic Systems
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Goal/Focus of Unit: Students will understand the different economic systems that exist.Common Vocabulary: Traditional/Command /Market Economies, Socialism, Authoritarian, Capitalism, Laizzez faire, Nationalize, Privatize
DOKIntroduce (I)
Developing (D)
Master (M)
Reinforce (R)
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CodeStandard
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9-12.AH.1.EC.AUsing a United States’ historical lens, analyze the opportunity costs and benefits of economic decisions on society as a whole as well as on individuals post c. 1870.3I
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9-12. AH.1GS.BPredict the consequences which can occur when institutions fail to meet the needs of individuals and groups.3M
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9-12.AH.5.EC.BCompare the role of governments in various economic systems to explain competing world views.2M
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9-12.AH.5.EC.ATrace the developing complexities of the American economy in the second half of the twentieth century.2I
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9-12.WH.T4.S4.AAnalyze the origins and characteristics of laissez faire, market, mixed, and command economic systems to determine their effects on personal, social, and political decisions1M
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