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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 market,

    command, and mixed systems including C exchange, production, distribution, and

    consumption of goods and services.

    1.9 Analyze and explain various aspects of the

    international economy including the

    reason for individuals and businesses to

    specialize and trade, and the rationale for C

    specialization and trade across

    international borders.

    1.10 Analyze and explain the resulting

    challenges and benefits of trade and

    interdependence for consumers, C investors, laborers, producers, and

    government.

    1.11 Examine and describe these systems (free

    market, command, and mixed) alongside

    and within the context of international

    trade and economic organizations (World

    Trade Organization, International C

    Monetary Fund), and transitional or

    developing economies throughout the

    world (e.g. China, and India).

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

     Major Minor 1.12 Demonstrate how personal decision-

    making, money management, investing,

    credit, and insurance relate to personal C

    finance.

    1.13 Analyze and explain how the economic

    concepts of scarcity, opportunity cost, and

    marginal analysis affect individual and C

    household choices and decision making.

    1.14 Explain how economic systems impact

    different groups of people in the global C economy.

    2.0 Interdisciplinary Connections

    Candidates are required to demonstrate

    knowledge of the principles, concepts, and

    skills in each of the four core disciplines

    (history, geography, political science, and economics) of Social Studies GLCE and

    HSCE. Candidates will demonstrate their

    understanding of the interdisciplinary and

    integrative nature of social studies.

    The candidate is able to:

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

     Major Minor 2.1 Describe basic content and concepts from

    history, geography, and political science.

    2.1.1 Sequence chronologically major eras

    within the United States and world

    history, and indentify key events within B those eras in order to examine

    relationships and explain cause and effect.

    2.1.2 Describe and explain the shifts of

    economic systems and patterns

    throughout the major eras of world and B

    United States history.

    2.1.3 Describe and explain the impact of

    economics on major eras of world and B United States history.

    2.1.4 Describe and explain relationships

    between the environment and societies

    including how humans have used natural

    resources and adapted to different

    environments and, in turn, how human B

    societies have changed physical systems

    over time and evaluate and estimate the

    impact on the future.

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

     Major Minor 2.1.5 Describe and explain world environmental

    processes and describe the patterns they

    create, including climate, landforms, and B

    ecosystems.

    2.1.6 Describe and explain interrelatedness of

    major world demographic, political, B economic, and cultural regions.

    2.1.7 Describe and explain the relationship

    between economics and geography as it

    relates to development of trade of goods B

    and methods of trade.

    2.1.8 Describe and explain how the

    environment of a region affects the capital B and economic growth.

    2.1.9 Describe the structure and functions of

    government in the United States. B

    2.1.10 Analyze major components of the

    constitutions of the United States and

    Michigan and the possible impacts on C

    citizens.

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

     Major Minor 2.1.11 Describe and explain the role of civic

    engagement and the rights of citizens in C the United States.

    2.1.12 Describe and explain how the world is

    organized politically and how diplomatic

    relations are formulated and B

    implemented.

    2.1.13 Explain the impact of government on

    local, national, and global trade as well as B the various types of economic systems.

    2.2 Demonstrate the use of an

    interdisciplinary approach to explain the

    context, causes, and consequences of B

    issues and events.

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