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Economics (CA) - SOM - State of Michigan

By Deborah Willis,2014-06-18 00:39
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Economics (CA) - SOM - State of Michigan ...

    Standards for the Preparation of

    Teachers of

    Economics (CA)

    Michigan State Board of Education

    Approved

    June 9, 2009

    Economics (CA) Program Standards

    Content Guidelines/Standards Matrix

    College/University:

    Program/Subject Area: ECONOMICS Code: CA

    Source of Guidelines/Standards: Michigan State Board of Education 6-9-09

    ? Completion of a Economics major must include a minimum of 30 credit hours.

    ? Completion of a Economics minor must include a minimum of 20 credit hours.

    ? To add an Economics endorsement to an existing certificate, the program must be at least 20 semester credit

    hours.

    ? Completion of the Economics endorsement program will appropriately prepare a candidate to teach all of the

    economics components of the Grade 6-12 Grade Level Content Expectations and High School Content

    Expectations as well as financial literacy.

    PROFICIENCY LEVEL RATINGS

    A = AWARENESS: Possesses general knowledge

    B = BASIC UNDERSTANDING: Ability to understand and apply

    C = COMPREHENSIVE UNDERSTANDING: High level of understanding, applying, and reflecting

    * = THESE STANDARDS DO NOT HAVE LEVELS OF PROFICIENCY: Programs either meet, or do not

    meet these standards

    Guideline/ Level of Narrative Explaining how Required Courses and/or No. Standard Proficiency Experiences Fulfill the Guidelines

     Major Minor

    1.0 Content knowledge, processes and

    skills

The candidate will demonstrate

    comprehensive knowledge, understanding,

    evaluative skills, critical inquiry, and ability

    to teach the social studies content,

    processes, and skills inclusive of those in

    Michigan’s K-12 Curriculum Framework and Benchmarks, Grade Level Content

    Expectations (GLCE) and the High School

    Content Expectations (HSCE) in accordance

    to the Universal Education Vision and

    Principles, and State Board of Education

    (SBE) Educational Technology Standards

    and Expectations.

The candidate is able to:

    Guideline/ Level of Narrative Explaining how Required Courses and/or No. Standard Proficiency Experiences Fulfill the Guidelines

     Major Minor

    1.1 Analyze and explain the six core economic

    principles:

    ? People choose

    ? All choices involve cost

    ? People respond to incentives

    in predictable ways

    ? Voluntary trade creates C wealth

    ? Economic systems influence

    individual choice and

    incentives

    ? All choices have consequences

    that lie in the future

    1.2 Analyze and evaluate the role of prices in

    markets, the level of competition in

    different market structures, and the C impact of investment on productivity and

    growth in national and global context.

    1.3 Explain how individual business and

    government decision makers confront

    scarcity, resource allocation, and market C

    forces.

    Guideline/ Level of Narrative Explaining how Required Courses and/or No. Standard Proficiency Experiences Fulfill the Guidelines

     Major Minor 1.4 Describe and explain how supply,

    demand, elasticity, price, equilibrium, and C incentives affect the dynamics of markets.

    1.5 Describe the role of government on the

    market, demonstrating how governments

    can impact the market through its policy

    decisions (e.g. taxation, consumer C

    protection, property rights, and income

    redistribution).

    1.6 Analyze national markets using national

    income accounting, unemployment data,

    inflation, business cycles, output,

    economic growth, the role of money, C

    interest rates, and the Federal Reserve

    System.

    1.7 Understand and describe how

    governmental decisions on taxation,

    spending, trade policies (tariffs, etc.), and C

    regulation affect macroeconomic goals.

    Guideline/ Level of Narrative Explaining how Required Courses and/or No. Standard Proficiency Experiences Fulfill the Guidelines

     Major Minor 1.8 Analyze and explain the various economic

    systems, including free mar