social resources, consumers, producers, 12f - Global science choice, and governments must products page skills to opportunity make choices, understand cost, understanding that -11b how production, everyone’s choice has economic consumption. an opportunity cost; decisions The problem of (1h,f) are made in scarcity all the individuals and b) comparing and marketplace organizations, contrasting how (3 weeks) including traditional, free market, businesses and command, and governments. economies decide how to allocate their limited The three basic resources.(1h,f) questions of economics. Traditional economy. Free market economy. Command economy. Mixed economy. Characteristics -12a CE.12 The student a) describing the will social of the United characteristics of the science skills to States United States economy, -12b understand the United economy. including limited States economy government, private -12b (4 weeks) property, profit, The United markets, consumer States Circular Flow sovereignty, and economy has 12d Q4 competition;(1c,h,f) characteristics of a free market economy; but b) describing how in a because it has market economy some aspects supply and demand of command determine prices; and traditional economies it is c) describing the types characterized of business as a mixed organizations and the economy. role of entrepreneurship;
social science skills to understand how economic decisions are made in the marketplace (3 weeks) resources, choice, opportunity cost, production, consumption. The problem of scarcity all individuals and organizations, including businesses and governments. The three basic questions of economics. Traditional economy. Free market economy. Command economy. Mixed economy. consumers, producers, and governments must make choices, understanding that everyone’s choice has an opportunity cost; (1h,f) b) comparing and contrasting how traditional, free market, command, and economies decide how to allocate their limited resources.(1h,f) 12f - Global products page -11b Q4 CE.12 The student will social science skills to understand the United States economy (4 weeks) Characteristics of the United States economy. The United States economy has characteristics of a free market economy; but because it has some aspects of command and traditional economies it is characterized as a mixed economy. a) describing the characteristics of the United States economy, including limited government, private property, profit, markets, consumer sovereignty, and competition;(1c,h,f) b) describing how in a market economy supply and demand determine prices; c) describing the types of business organizations and the role of entrepreneurship; -12a -12b -12b Circular Flow 12d
CE%207th%20grade%20pacing%20guide.docx