Unit 1: Economic Decision How do choices and incentives influence the behavior of individuals, businesses, and economic institutions? weeks 5-6 Enduring Understandings Suggested Texts and Resources When most people think about economics, they HM Economics: Concepts and Choices, think of numbers, graphs, and equations. But this is Chapter 1, Chapter 2, Chapter 3 not what economics is all about. Economics -Budgeting and Money Management: 574-581 -Credit: 582-589 involves the study of how people choose to use their -Wise Choices for Consumers: 590-599 -Getting Out on your Own: 600-609 resources. When people cannot have everything they want, they must make choices. Some Econ Alive! TCI Teacher Materials Online economics argue that economics is mainly about Economic Way of Thinking, Economic Decision Making, Economic Systems how we make these choices. These economists Money, Banking, Saving and Investing define economics as the science of decision making. Newspaper Headlines The driving question for this unit is, do Foundation for Teaching Economics “How choices and incentives influence the behavior of Reffonomics individuals, businesses, and economic institutions?” YouTube: Fireman’s Auction Clip; Dentist Negotiation In this unit, students explore this question and the Learn 360 fundamentals of economics. NBC Learn Link to Course Resources: Unit 1: Economic Decision Making
Unit 1: Economic Decision How do choices and incentives influence the behavior of individuals, businesses, and economic institutions? 5-6 weeks Enduring Understandings Suggested Texts and Resources When most people think about economics, they think of numbers, graphs, and equations. But this is not what economics is all about. Economics involves the study of how people choose to use their resources. When people cannot have everything they want, they must make choices. Some economics argue that economics is mainly about how we make these choices. These economists define economics as the science of decision making. The driving question for this unit is, “How do choices and incentives influence the behavior of individuals, businesses, and economic institutions?” In this unit, students explore this question and the fundamentals of economics. Economics: Concepts and Choices, HM Chapter 1, Chapter 2, Chapter 3 -Budgeting and Money Management: 574-581 -Credit: 582-589 -Wise Choices for Consumers: 590-599 -Getting Out on your Own: 600-609 Econ Alive! TCI Teacher Materials Online Economic Way of Thinking, Economic Decision Making, Economic Systems Money, Banking, Saving and Investing Newspaper Headlines Foundation for Teaching Economics Reffonomics YouTube: Fireman’s Auction Clip; Dentist Negotiation Learn 360 NBC Learn Link to Course Resources: Unit 1: Economic Decision Making
economics_curriculum_guide__2018_2019.docx