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Business Education Teachers of

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Business Education Teachers of ...

    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

Course Description

    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.

June 2000

    IX. ECONOMICS IN BUSINESS IX. ECONOMICS IN BUSINESS

    Learning Standards/Performance Indicators:

Students Will:

    Define and apply basic economic concepts such as:

    ? Scarcity

    ? Supply/demand

    ? Opportunity costs

    ? Production

    ? Resources

    ? Money and Banking

    ? Economic Growth

    ? Markets

    ? Costs

    ? Competition

    ? World Economic Systems

Compare and contrast the United States economic system with other national economic systems, focusing on the three fundamental

    economic questions:

    ? 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,

    2000

     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