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Curriculum Map
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Course Title: US Government
EconomicsGrade Level:
3
PacingUnit/LessonStandard(s)Content/Main IdeaAssessmentsResources
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 2 WeeksFundamentals of
Economics		Standard 1: Scarcity and Economic Reasoning
-E.1.1 Define and identify each of the productive resources (natural, human, capital)
and explain why each is necessary for the production of goods and services.
-E.1.2 Identify incentives and explain how they influence economic behavior and decision-making.
-E.1.3 Explain that voluntary exchange occurs when households, businesses, and governments expect to gain.
-E.1.4 Define scarcity and explain how choices incur opportunity costs and tradeoffs.
-E.1.9 Diagram and explain the circular flow model of a market economy 		- Students will be able to identify the differences between
goods, wants, needs, and services
-Students will be able to identify the problem of scarcity and
how that plays a role in entrepreneurs decision making
- Students will be able to differentiate opportunity cost and trade-offs
-Students will be able to identify the business cycle		- Chapter 1 Test
- Factors of Production Worksheet -Opportunity Cost Worksheet -Circular Flow Model Quiz		-Guided Notes - Daily Bellwork Practice
- Scarcity Choices Activity
- Study Guide -Clifford's Intro to Economics Videos
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2 WeekEconomic SystemsStandard 2: Economic Reasoning
- E.1.6 Describe and compare the various economic systems (traditional, market, command, mixed);
explain their strengths and weaknesses.
- E.1.7 Describe how clearly defined and enforced property rights are essential to a market economy
-E.1.5 Use a production possibility curve to explain the concepts of choice, scarcity, opportunity costs, trade offs, unemployment, productivity, and growth -E.1.8 Illustrate how investment in physical and human capital can raise productivity and future standards of living 		- Students will be able to differentiate between the different types of economic systems
- Students will be able to identify the positives and negatives of each economic system
- Students will be able to identify the economic system used by the U.S. 		- Economic System Project -PPF Quiz-Daily Bellwork Practice -Guided Notes -Candy Simulation of Economic Systems
-Economic System Poster Activity -PPF Practice Problems
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4 WeeksSupply & DemandStandard 2: Supply and Demand
-E.2.1 Define supply and demand and explain the causes of the Law of Supply and the Law of Demand.

-E.2.2 Recognize that consumers ultimately determine what is produced in a market economy.

-E.2.3 Illustrate how supply and demand determine equilibrium price and quantity.

-E.2.4 Identify factors that cause changes in market supply and demand and how these changes affect price and quantity in a competitive market.

-E.2.5 Describe how elasticity (price) sends signals to buyers and sellers.

- Students will be able to differentiate supply and demand
- Students will be able to identify the causes that shift the supply and demand curves
-Students will be able to differentiate a shift in the demand/supply curve and a change in quantity of the demand/supply
-Students will be able to identify the law of supply and demand
- Students will be able to identify the different elasticities for supply and demand		- Supply Shift Practice Problems
-Demand Shift Practice Problems
- Practice Test
- Supply/Demand Test
- Student made supply/demand Questions
- Supply/Demand Project		- Play-Dough curve Activity
-Supply/Demand Schedule Activity
-Study Guide
- Production Activity
- Worker Efficiency Activity
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1 WeekPrice ControlStandard 2: Supply and Demand
- E.2.6 Demonstrate how government wage and price controls, such as rent
controls and minimum wage laws, create shortages and surpluses.		- Students will be able to differentiate surplus and shortages
- Students will be able to differentiate price ceilings and price floors
- Students will be able to identify the positives and negatives of price controls		- Price Control Paper
-Price Control Practice Problems		-Super Bowl Article over Price Control/Elasticity
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