Business Education Teachers of:
Albany High School
Bethlehem Central High School
Burnt Hills-Ballston Lake High School
Guilderland High School
Mohonasen High School
VIII. ECONOMICS IN BUSINESS VIII. ECONOMICS IN BUSINESS
A. Grade 12 ? year, ? credit
Economics explained: everything you need to know about how the economy works and where it is going will be covered in
this half-year course. Economics doesn’t have to be complicated—it can be very interesting and very relevant to our everyday lives.
You will learn a logical way of thinking about economic matters through graphic representations, computer simulations, on-line
research and reporting, and a seminar about economics with students from other schools. At the end of this course you will be
prepared to make rational economic choices as citizens of a state, nation, and the world. This course will meet the economics course requirement for graduation.
IX. ECONOMICS IN BUSINESS IX. ECONOMICS IN BUSINESS
Learning Standards/Performance Indicators:
Define and apply basic economic concepts such as:
? Opportunity costs
? Money and Banking
? Economic Growth
? World Economic Systems
Compare and contrast the United States economic system with other national economic systems, focusing on the three fundamental
? What goods and services shall be produced and in what quantities?
? How shall goods and services be produced?
? For whom shall goods and services be produced?
Explain how economic decision making has become global as a result of interdependent work economy.
2 of 20 June 2000
Understand the roles in the economic system of consumers, producers, workers, investors, and voters.
Apply a problem-solving model to:
? Identify economic problems or issues
? Generate hypotheses
? Test hypotheses
? Investigate and analyze selected data
? Consider alternative solutions or positions
? Make decisions about the best solution or position
Present economic information and conclusions in different formats including:
? Graphic representation
? Computer models
? Research reports
? Oral presentations
Source: NYSED School Executive Bulletin, October, 1999
3 of 20 June 2000
REFERENCE MATERIALS USED FOR CURRICULUM DEVELOPMENT:
ECONOMICS TODAY & TOMORROW (0-02-823596-7), R. L. Miller, Glencoe/McGraw-Hill, 1999
ECONOMICS (0-538-43037-0 TE), Wilson & Clark, West Educational Publishing/Thomson Learning,
ECONOMICS PRINCIPLES AND PRACTICES (0-02-823560-6), Gary E. Clayton, Glencoe/McGraw-Hill, 1999
BUSINESS IN A GLOBAL ECONOMY (0-538-62290-3), Les R. Dlabay and James Calvert Scott, South Western Publishing Co., 1996
ECONOMIC EDUCATION FOR CONSUMERS (0-538-68690-1), Roger LeRoy Miller and Alan D. Stafford, South Western Educational Publishing Co., 2000
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT (0-02-644068-7), Dr. Earl
Meyer and Dr. Kathleen R. Allen, Glencoe/McGraw-Hill, 2000
New York State Learning Standards
National Council on Economic Education Standards
4 of 20 June 2000
Content/Concept New York State National Council on Other New York
Standard Economic Education State Standards