Social Studies: Economics Pacing Resource Document Unit 5: Government Taxing, Spending and Budgeting

Essential Question: How does the government effectively support the economy through taxation? (Content Area Standards are included below)

Standards: E.4.1 Explain the roles of government in a market economy. E.4.2 Explain how markets under-produce public goods and explain why the government has an interest in producing these public goods. E.4.3 Describe how the government taxes negative externalities (spillovers) and subsidizes positive externalities (spillovers) to resolve the inefficiencies they cause. E.4.4 Describe major revenue and expenditure categories and their respective proportions of state and federal budgets. E.4.5 Define progressive, proportional, and regressive taxation and determine whether different types of taxes (including income, sales, and Social Security) are progressive, proportional, or regressive. E.4.6 Explain how costs of government policies may exceed benefits because social or political goals (rather than economic efficiency) are being pursued. E.4.7 Define the national debt, explain the effects of the debt on the economy, and explain how to achieve a balanced budget.

11-12.LH.4.1: Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

Suggested Target Questions: Should government play a role in producing public goods? Why? How does the government set a budget for what it needs to spend? What is revenue in plain terms? What is a deficit in plain terms? Where does the government get its money to run programs and support public goods? What types of taxes are used in our economy? Which taxes are most fair? What is the current national debt? Why is a large national debt not good for our country? Does it matter?

Text-based Practice: Economics (Prentice Hall) Chapter 7, pp. 159-187 Perfect Competition, Visual Glossary, p. 161, complete questions near diagrams Effect of Economies of Scale, Figure 7.2, p. 165 Monopoly, Fig. 7.3, p. 166 Setting a Price in a Monopoly, Figure 7.5, p. 171 Monopolistic Competition, Figure 7.6, p. 175 Non-Price Competition, p. 176 (have students explain)

Web-based Resources: S-Cool – Supply and Demand Revision http://www.s-cool.co.uk/a-level/economics/supply-and-demand/revise-it/the-demand-curve Fiscal and Monetary Policy Process -- Econoedlink http://www.econedlink.org/lessons/index.php?lid=352&type=student Khan Academy – Introduction to Economics – Government Finance https://www.khanacademy.org/humanities/american-civics-subject/american-civics/v/government-s-financial-condition

Social Studies: Economics Pacing Resource Document Oligopoly, Figure 7.7, p. 177 Fig. 12.5 Aggregate Supply and Demand Complete Skills: #1-#2 p. 313 Chapter 10, pp. 248-275 What is money? Visual Glossary, answer question under pictures in bold, p. 250 Read pp. 256-261 and have students create timeline of the development of the American banking system (Question: What type of events have caused banks to change their lending practices?) How Your Deposit is Protected, p. 261, ask students to explain why this protection is needed. Major Components of the Money Supply, Figure 10.2, p. 265 How the Economy Works: How does the fractional reserve system work?, pp. 266-267 Compound Interest, Figure 10.3, p. 269 How Banks Make a Profit, Figure 10.4, p. 270

IDOE Resources for Course: IDOE Home page http://www.doe.in.gov/ IDOE-Social Studies page http://www.doe.in.gov/standards/social-studies

IDOE-History/Social Studies Content Area Literacy Standards (linked at bottom of page)

http://www.doe.in.gov/standards/social-studies

IDOE – Economics Resources (New and aligned with standards!)

http://www.doe.in.gov/standards/social-studies

IDOE Online Communities of Practice (see “Social Studies 9-12”) – Uses Google + Social Network

http://www.doe.in.gov/elearning/online-communities-practice

General Resources for Economic Thinking and Assessment

Voluntary National Content Standards in Economics (shows benchmark targets and enhancement) http://www.councilforeconed.org/wp/wp-content/uploads/2012/03/voluntary-national-content-standards-2010.pdf Differentiated Questioning https://daretodifferentiate.wikispaces.com/file/view/essential.pdf Developing Essential Questions for Economics (scroll down to “Economics”) https://www.ocps.net/cs/services/cs/currareas/soc/IR/Documents/Overarching%20Essential%20Questions.pdf Social Studies Help Center -- Economics

Competition and Market Structures—Econoedlink – interactive activity with video and quiz http://www.econedlink.org/interactives/index.php?iid=208 Tax Time Scavenger Hunt – Econoedlink – A primer of personal income tax http://www.econedlink.org/lessons/projector.php?lid=259&type=educator Government Spending – Why Do We Spend the Way We Do? http://www.econedlink.org/lessons/index.php?lid=547&type=educator Annenberg Lerner – Economics USA – Unit 13 and Unit 18 http://www.learner.org/resources/series79.html A Day in the Life of the Fed – Insider’s Look – Informative and good resource for building a lesson on the Federal Reserve organization http://www.philadelphiafed.org/education/teachers/resources/day-in-life-of-fomc/day-in-the-life-of-the-fomc.pdf

Social Studies: Economics Pacing Resource Document http://www.socialstudieshelp.com/economics_basic_concepts.htm Reading Quest – Reading, Writing and Research Comprehension Strategies and Handouts http://www.readingquest.org/

Example Unit Inquiry & Extension

Unit 5: Role of Government in Our Economy (II) Essential Question: How can the government control growth in the economy through monetary policy?

Standards: E.6.5 Describe the structure and functions of the Federal Reserve System.

E.7.1 Define and explain fiscal and monetary policy.

E.7.3 Analyze how the government uses fiscal policy to promote price stability, full employment, and economic growth.

E.7.4 Explain how the use of fiscal policy affects budget deficits or surpluses and the national debt.

E.7.5 Analyze how the Federal Reserve uses monetary policy to promote price stability, full employment, and economic growth

E.7.2 Explain the tools of fiscal and monetary policy

Suggested Target Questions: What are the different parts of the monetary system? How does the government set a budget for what it needs to spend? What is revenue in plain terms? What is a deficit in plain terms? Where does the government get its money to run programs and support public goods? What types of taxes are used in our economy? Which taxes are most fair? What is the current national debt?

Social Studies: Economics Pacing Resource Document Why is a large national debt not good for our country? Does it matter?

Text-based Practice: Economics (Prentice Hall) Chapter 7, pp. 159-187 Perfect Competition, Visual Glossary, p. 161, complete questions near diagrams Effect of Economies of Scale, Figure 7.2, p. 165 Monopoly, Fig. 7.3, p. 166 Setting a Price in a Monopoly, Figure 7.5, p. 171 Monopolistic Competition, Figure 7.6, p. 175 Non-Price Competition, p. 176 (have students explain) Oligopoly, Figure 7.7, p. 177 Fig. 12.5 Aggregate Supply and Demand Complete Skills: #1-#2 p. 313 Chapter 10, pp. 248-275 What is money? Visual Glossary, answer question under pictures in bold, p. 250 Read pp. 256-261 and have students create timeline of the development of the American banking system (Question: What type of events have caused banks to change their lending practices?) How Your Deposit is Protected, p. 261, ask students to explain why this protection is needed. Major Components of the Money Supply, Figure 10.2, p. 265 How the Economy Works: How does the fractional reserve system work?, pp. 266-267 Compound Interest, Figure 10.3, p. 269 How Banks Make a Profit, Figure 10.4, p. 270

IDOE Resources for Course: IDOE Home page http://www.doe.in.gov/

Web-based Resources: S-Cool – Supply and Demand Revision http://www.s-cool.co.uk/a-level/economics/supply-and-demand/revise-it/the-demand-curve Fiscal and Monetary Policy Process -- Econoedlink http://www.econedlink.org/lessons/index.php?lid=352&type=student Khan Academy – Introduction to Economics – Government Finance https://www.khanacademy.org/humanities/american-civics-subject/american-civics/v/government-s-financial-condition Competition and Market Structures—Econoedlink – interactive activity with video and quiz http://www.econedlink.org/interactives/index.php?iid=208 Tax Time Scavenger Hunt – Econoedlink – A primer of personal income tax http://www.econedlink.org/lessons/projector.php?lid=259&type=educator Government Spending – Why Do We Spend the Way We Do? http://www.econedlink.org/lessons/index.php?lid=547&type=educator Annenberg Lerner – Economics USA – Unit 13 and Unit 18 http://www.learner.org/resources/series79.html A Day in the Life of the Fed – Insider’s Look – Informative and good resource for building a lesson on the Federal Reserve organization http://www.philadelphiafed.org/education/teachers/resources/day-in-life-of-fomc/day-in-the-life-of-the-fomc.pdf Fiscal and Monetary Policy Process – Econedlink – A guide to understanding government macroeconomic policy http://www.econedlink.org/lessons/index.php?lid=352&type=student

Social Studies: Economics Pacing Resource Document IDOE-Social Studies page http://www.doe.in.gov/standards/social-studies

IDOE-History/Social Studies Content Area Literacy Standards (linked at bottom of page)

http://www.doe.in.gov/standards/social-studies

IDOE – Economics Resources (New and aligned with standards!)

http://www.doe.in.gov/standards/social-studies

IDOE Online Communities of Practice (see “Social Studies 9-12”) – Uses Google + Social Network

http://www.doe.in.gov/elearning/online-communities-practice

General Resources for Economic Thinking and Assessment

Voluntary National Content Standards in Economics (shows benchmark targets and enhancement) http://www.councilforeconed.org/wp/wp-content/uploads/2012/03/voluntary-national-content-standards-2010.pdf Differentiated Questioning https://daretodifferentiate.wikispaces.com/file/view/essential.pdf Developing Essential Questions for Economics (scroll down to “Economics”) https://www.ocps.net/cs/services/cs/currareas/soc/IR/Documents/Overarching%20Essential%20Questions.pdf Social Studies Help Center -- Economics http://www.socialstudieshelp.com/economics_basic_concepts.htm Reading Quest – Reading, Writing and Research Comprehension Strategies and Handouts http://www.readingquest.org/

Example Unit Inquiry & Extension

Social Studies: Economics Pacing Resource Document Unit Assessment Question: Using the diagram, how could a shift in the money supply influence economic performance both positively and negatively? Backgrounder: go to the lesson on Econedlink to help students with background information and interactive activities to see the relationship in aggregate demand and aggregate supply: http://www.econedlink.org/lessons/index.php?lid=352&type=student

1) Choose a commodity (i.e. clothing or food item) that works best with each color level of the diagram to the left. Start with monopoly and work up. 2) Afterward, ask students about the characteristics of each commodity that made a good fit with the matching market. Does it matter?

Unit 7: Global Trade Essential Question 1: What are the advantages to a country engaging in global trade?

Essential Question 2: Can there be drawbacks in having no barriers in global trade?

Standards: E.8.1 Explain that most trade occurs because producers have a comparative advantage (rather than an absolute advantage) in the production of a good or

service.

E.8.2 Explain the benefits of trade among households and countries.

E.8.3 Explain the difference between balance of trade and balance of payments.

E.8.4 Define and explain the impact of trade barriers, such as quotas and tariffs, and analyze why countries erect them.

E.8.5 Evaluate the arguments for and against free trade.

E.8.6 Explain how changes in exchange rates affects the value of imports and exports.

Social Studies: Economics Pacing Resource Document Suggested Target Questions: What is absolute advantage in trade? What is a comparative advantage in trade? When can tariffs be helpful to an economy? When can tariffs be damaging to an economy? What some advantages of free trade? What are some drawbacks to free trade? How can the drop in value of a currency be an advantage for exports? How can the increase in the value of a currency be an advantage for imports?

Text-based Practice: Economics (Prentice Hall) Chapter 7, pp. 159-187 Perfect Competition, Visual Glossary, p. 161, complete questions near diagrams Effect of Economies of Scale, Figure 7.2, p. 165 Monopoly, Fig. 7.3, p. 166 Setting a Price in a Monopoly, Figure 7.5, p. 171 Monopolistic Competition, Figure 7.6, p. 175 Non-Price Competition, p. 176 (have students explain) Oligopoly, Figure 7.7, p. 177 Fig. 12.5 Aggregate Supply and Demand Complete Skills: #1-#2 p. 313 Chapter 10, pp. 248-275 What is money? Visual Glossary, answer question under pictures in bold, p. 250 Read pp. 256-261 and have students create timeline of the development of the American banking system (Question: What type of events have caused banks to change their lending practices?) How Your Deposit is Protected, p. 261, ask students to explain why this protection is needed. Major Components of the Money Supply, Figure 10.2, p. 265 How the Economy Works: How does the fractional reserve system work?, pp. 266-267 Compound Interest, Figure 10.3, p. 269 How Banks Make a Profit, Figure 10.4, p. 270

IDOE Resources for Course: IDOE Home page http://www.doe.in.gov/

Web-based Resources: S-Cool – Supply and Demand Revision http://www.s-cool.co.uk/a-level/economics/supply-and-demand/revise-it/the-demand-curve Fiscal and Monetary Policy Process -- Econoedlink http://www.econedlink.org/lessons/index.php?lid=352&type=student Khan Academy – Introduction to Economics – Government Finance https://www.khanacademy.org/humanities/american-civics-subject/american-civics/v/government-s-financial-condition Competition and Market Structures—Econoedlink – interactive activity with video and quiz http://www.econedlink.org/interactives/index.php?iid=208 Tax Time Scavenger Hunt – Econoedlink – A primer of personal income tax http://www.econedlink.org/lessons/projector.php?lid=259&type=educator Government Spending – Why Do We Spend the Way We Do? http://www.econedlink.org/lessons/index.php?lid=547&type=educator Annenberg Lerner – Economics USA – Unit 13 and Unit 18 http://www.learner.org/resources/series79.html A Day in the Life of the Fed – Insider’s Look – Informative and good resource for building a lesson on the Federal Reserve organization http://www.philadelphiafed.org/education/teachers/resources/day-in-life-of-fomc/day-in-the-life-of-the-fomc.pdf How Exchange Rates Affect Trade – Econedlink http://www.econedlink.org/lessons/index.php?lid=342&url=exchange-rates-and-exchange-how-money-affects-trade&type=teacher

Social Studies: Economics Pacing Resource Document IDOE-Social Studies page http://www.doe.in.gov/standards/social-studies

IDOE-History/Social Studies Content Area Literacy Standards (linked at bottom of page)

http://www.doe.in.gov/standards/social-studies

IDOE – Economics Resources (New and aligned with standards!)

http://www.doe.in.gov/standards/social-studies

IDOE Online Communities of Practice (see “Social Studies 9-12”) – Uses Google + Social Network

http://www.doe.in.gov/elearning/online-communities-practice

General Resources for Economic Thinking and Assessment

Voluntary National Content Standards in Economics (shows benchmark targets and enhancement) http://www.councilforeconed.org/wp/wp-content/uploads/2012/03/voluntary-national-content-standards-2010.pdf Differentiated Questioning https://daretodifferentiate.wikispaces.com/file/view/essential.pdf Developing Essential Questions for Economics (scroll down to “Economics”) https://www.ocps.net/cs/services/cs/currareas/soc/IR/Documents/Overarching%20Essential%20Questions.pdf Social Studies Help Center -- Economics http://www.socialstudieshelp.com/economics_basic_concepts.htm Reading Quest – Reading, Writing and Research Comprehension Strategies and Handouts http://www.readingquest.org/

Example Unit Inquiry & Extension

Social Studies: Economics Pacing Resource Document Unit 6: The Federal Reserve and Monetary Policy

Essential Question: How can the government control growth in the economy through monetary policy? (Content Area Literacy Standards are included below)

Standards: E.6.5 Describe the structure and functions of the Federal Reserve System.

E.7.1 Define and explain fiscal and monetary policy.

E.7.3 Analyze how the government uses fiscal policy to promote price stability, full employment, and economic growth.

E.7.4 Explain how the use of fiscal policy affects budget deficits or surpluses and the national debt.

E.7.5 Analyze how the Federal Reserve uses monetary policy to promote price stability, full employment, and economic growth

E.7.2 Explain the tools of fiscal and monetary policy

11-12.LH.4.1: Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

Suggested Target Questions: What are the different parts of the monetary system? How does the government set a budget for what it needs to spend? What is revenue in plain terms? What is a deficit in plain terms? Where does the government get its money to run programs and support public goods? What types of taxes are used in our economy? Which taxes are most fair? What is the current national debt? Why is a large national debt not good for our country? Does it matter?

Text-based Practice: Economics (Prentice Hall) Chapter 7, pp. 159-187 Perfect Competition, Visual Glossary, p. 161, complete questions near diagrams Effect of Economies of Scale, Figure 7.2, p. 165 Monopoly, Fig. 7.3, p. 166

Web-based Resources: S-Cool – Supply and Demand Revision http://www.s-cool.co.uk/a-level/economics/supply-and-demand/revise-it/the-demand-curve Fiscal and Monetary Policy Process -- Econoedlink http://www.econedlink.org/lessons/index.php?lid=352&type=student Khan Academy – Introduction to Economics – Government Finance

Social Studies: Economics Pacing Resource Document Setting a Price in a Monopoly, Figure 7.5, p. 171 Monopolistic Competition, Figure 7.6, p. 175 Non-Price Competition, p. 176 (have students explain) Oligopoly, Figure 7.7, p. 177 Fig. 12.5 Aggregate Supply and Demand Complete Skills: #1-#2 p. 313 Chapter 10, pp. 248-275 What is money? Visual Glossary, answer question under pictures in bold, p. 250 Read pp. 256-261 and have students create timeline of the development of the American banking system (Question: What type of events have caused banks to change their lending practices?) How Your Deposit is Protected, p. 261, ask students to explain why this protection is needed. Major Components of the Money Supply, Figure 10.2, p. 265 How the Economy Works: How does the fractional reserve system work?, pp. 266-267 Compound Interest, Figure 10.3, p. 269 How Banks Make a Profit, Figure 10.4, p. 270

IDOE Resources for Course: IDOE Home page http://www.doe.in.gov/ IDOE-Social Studies page http://www.doe.in.gov/standards/social-studies

IDOE-History/Social Studies Content Area Literacy Standards (linked at bottom of page)

http://www.doe.in.gov/standards/social-studies

IDOE – Economics Resources (New and aligned with standards!)

http://www.doe.in.gov/standards/social-studies

IDOE Online Communities of Practice (see “Social Studies 9-12”) – Uses Google + Social Network

http://www.doe.in.gov/elearning/online-communities-practice

General Resources for Economic Thinking and Assessment

Voluntary National Content Standards in Economics (shows benchmark targets and enhancement) http://www.councilforeconed.org/wp/wp-content/uploads/2012/03/voluntary-national-content-standards-2010.pdf Differentiated Questioning https://daretodifferentiate.wikispaces.com/file/view/essential.pdf

https://www.khanacademy.org/humanities/american-civics-subject/american-civics/v/government-s-financial-condition Competition and Market Structures—Econoedlink – interactive activity with video and quiz http://www.econedlink.org/interactives/index.php?iid=208 Tax Time Scavenger Hunt – Econoedlink – A primer of personal income tax http://www.econedlink.org/lessons/projector.php?lid=259&type=educator Government Spending – Why Do We Spend the Way We Do? http://www.econedlink.org/lessons/index.php?lid=547&type=educator Annenberg Lerner – Economics USA – Unit 13 and Unit 18 http://www.learner.org/resources/series79.html A Day in the Life of the Fed – Insider’s Look – Informative and good resource for building a lesson on the Federal Reserve organization http://www.philadelphiafed.org/education/teachers/resources/day-in-life-of-fomc/day-in-the-life-of-the-fomc.pdf Fiscal and Monetary Policy Process – Econedlink – A guide to understanding government macroeconomic policy http://www.econedlink.org/lessons/index.php?lid=352&type=student

Social Studies: Economics Pacing Resource Document Developing Essential Questions for Economics (scroll down to “Economics”) https://www.ocps.net/cs/services/cs/currareas/soc/IR/Documents/Overarching%20Essential%20Questions.pdf Social Studies Help Center -- Economics http://www.socialstudieshelp.com/economics_basic_concepts.htm Reading Quest – Reading, Writing and Research Comprehension Strategies and Handouts http://www.readingquest.org/

Example Unit Inquiry & Extension

Unit Assessment Question: Using the diagram, how could a shift in the money supply influence economic performance both positively and negatively? Backgrounder: go to the lesson on Econedlink to help students with background information and interactive activities to see the relationship in aggregate demand and aggregate supply: http://www.econedlink.org/lessons/index.php?lid=352&type=student

1) Choose a commodity (i.e. clothing or food item) that works best with each color level of the diagram to the left. Start with monopoly and work up. 2) Afterward, ask students about the characteristics of each commodity that made a good fit with the matching market. Does it matter?

Social Studies: Economics Pacing Resource Document Unit 7: Global Trade

Essential Question 1: What are the advantages to a country engaging in global trade? Essential Question 2: Can there be drawbacks in having no barriers in global trade?

(Content Area Literacy Standards are included below)

Standards: E.8.1 Explain that most trade occurs because producers have a comparative advantage (rather than an absolute advantage) in the production of a good or

service.

E.8.2 Explain the benefits of trade among households and countries.

E.8.3 Explain the difference between balance of trade and balance of payments.

E.8.4 Define and explain the impact of trade barriers, such as quotas and tariffs, and analyze why countries erect them.

E.8.5 Evaluate the arguments for and against free trade.

E.8.6 Explain how changes in exchange rates affects the value of imports and exports.

11-12.LH.4.1: Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

Suggested Target Questions: What is absolute advantage in trade? What is a comparative advantage in trade? When can tariffs be helpful to an economy? When can tariffs be damaging to an economy? What some advantages of free trade? What are some drawbacks to free trade? How can the drop in value of a currency be an advantage for exports? How can the increase in the value of a currency be an advantage for imports?

Text-based Practice: Economics (Prentice Hall) Chapter 7, pp. 159-187 Perfect Competition, Visual Glossary, p. 161, complete questions near diagrams Effect of Economies of Scale, Figure 7.2, p. 165

Web-based Resources: S-Cool – Supply and Demand Revision http://www.s-cool.co.uk/a-level/economics/supply-and-demand/revise-it/the-demand-curve Fiscal and Monetary Policy Process -- Econoedlink http://www.econedlink.org/lessons/index.php?lid=352&type=student

Social Studies: Economics Pacing Resource Document Monopoly, Fig. 7.3, p. 166 Setting a Price in a Monopoly, Figure 7.5, p. 171 Monopolistic Competition, Figure 7.6, p. 175 Non-Price Competition, p. 176 (have students explain) Oligopoly, Figure 7.7, p. 177 Fig. 12.5 Aggregate Supply and Demand Complete Skills: #1-#2 p. 313 Chapter 10, pp. 248-275 What is money? Visual Glossary, answer question under pictures in bold, p. 250 Read pp. 256-261 and have students create timeline of the development of the American banking system (Question: What type of events have caused banks to change their lending practices?) How Your Deposit is Protected, p. 261, ask students to explain why this protection is needed. Major Components of the Money Supply, Figure 10.2, p. 265 How the Economy Works: How does the fractional reserve system work?, pp. 266-267 Compound Interest, Figure 10.3, p. 269 How Banks Make a Profit, Figure 10.4, p. 270

IDOE Resources for Course: IDOE Home page http://www.doe.in.gov/ IDOE-Social Studies page http://www.doe.in.gov/standards/social-studies

IDOE-History/Social Studies Content Area Literacy Standards (linked at bottom of page)

http://www.doe.in.gov/standards/social-studies

IDOE – Economics Resources (New and aligned with standards!)

http://www.doe.in.gov/standards/social-studies

IDOE Online Communities of Practice (see “Social Studies 9-12”) – Uses Google + Social Network

http://www.doe.in.gov/elearning/online-communities-practice

General Resources for Economic Thinking and Assessment

Voluntary National Content Standards in Economics (shows benchmark targets and enhancement) http://www.councilforeconed.org/wp/wp-content/uploads/2012/03/voluntary-national-content-standards-2010.pdf Differentiated Questioning

Khan Academy – Introduction to Economics – Government Finance https://www.khanacademy.org/humanities/american-civics-subject/american-civics/v/government-s-financial-condition Competition and Market Structures—Econoedlink – interactive activity with video and quiz http://www.econedlink.org/interactives/index.php?iid=208 Tax Time Scavenger Hunt – Econoedlink – A primer of personal income tax http://www.econedlink.org/lessons/projector.php?lid=259&type=educator Government Spending – Why Do We Spend the Way We Do? http://www.econedlink.org/lessons/index.php?lid=547&type=educator Annenberg Lerner – Economics USA – Unit 13 and Unit 18 http://www.learner.org/resources/series79.html A Day in the Life of the Fed – Insider’s Look – Informative and good resource for building a lesson on the Federal Reserve organization http://www.philadelphiafed.org/education/teachers/resources/day-in-life-of-fomc/day-in-the-life-of-the-fomc.pdf How Exchange Rates Affect Trade – Econedlink http://www.econedlink.org/lessons/index.php?lid=342&url=exchange-rates-and-exchange-how-money-affects-trade&type=teacher

Social Studies: Economics Pacing Resource Document https://daretodifferentiate.wikispaces.com/file/view/essential.pdf Developing Essential Questions for Economics (scroll down to “Economics”) https://www.ocps.net/cs/services/cs/currareas/soc/IR/Documents/Overarching%20Essential%20Questions.pdf Social Studies Help Center -- Economics http://www.socialstudieshelp.com/economics_basic_concepts.htm Reading Quest – Reading, Writing and Research Comprehension Strategies and Handouts http://www.readingquest.org/

Example Unit Inquiry & Extension