Mr. Bryan Perkins
Course: Economics
Credits earned: 1/2
Room #107
Perkins- 107 Class Website: Must be a mygreenwave.net account holder to access. Parents should go to the site with their son or daughter’s access information.
COURSE DESCRIPTION
The purpose of this course is to give students an understanding of the fundamental concepts of micro and macroeconomics. The course will follow the economic standard as defined by the Minnesota Academic Standards.
COURSE OUTLINE (not to be construed as timeline of lesson activity)
1) Describe the basic economic terms and components of various economic systems.
2) Describe how the laws of supply and demand regulate free market economies.
3) Differentiate between times of depression, recession, and expansion within a given economy.
4) Understand the concept of competition in economic systems.
5) Address the disruption in economic flow that can result from monopolization.
6) Understand how and why prices are set within an economic system.
7) Differentiate between losses, profit, capital, and surplus.
8) Understand the concepts of employment, unemployment, Consumer Price Index, and the Gross Domestic Product.
9) Describe trade between and within a given (United States) economic system.
10) Learn in accordance with the Minnesota Education Standards in Economic Systems...
*see page 2
GRADING SCALE
A100-94%A-93-90%
B+89-87%B86-83%
B-82-80%C+79-77%
C76-73%C-72-70%
D+69-67%D66-63%
D-62-60%
CLASSROOM EXPECTATIONS
This course is required for graduation. Attendance is therefore essential to the success of each student. Be on time!!!!! Respect the learning environment!!!!! Participate in class, without being a hindrance to the educational process. You will be assessed through daily work, projects, quizzes, and tests. A tentative point breakdown would be as follows:
Assignments-15%
Projects- 35%
Quizzes- 5%
Assignments including Video-5%
Chapter/ Unit tests 40%
Final Grade calculations are 1st Qtr 42%,+ 2nd Qtr. 42%, + Final Test 16%
Utilizie student view!! Take accountability for your grades!! Printed updates may be acquired upon consent of your teacher. Good Luck!!!! Enjoy this course. You will only get as much out of it as you put into it.
Use of Technological Tools
In as much as possible this course will be taught through the use of technology. There will be no text book. Students will be required to demonstrate an understanding of Google.docs and the will make use of this tool to present multiple forms of assigned products.
Minnesota Department of Education Required and Voluntary Standards in Teaching Economic Systems:
1. The student will understand that in a market economy income is earned in different ways.
2. The student will understand business organizations, market structures, and financial institutions that operate within our economy.
3. The student will understand the basic characteristics of markets and the role of prices in modern market economies.
4. The student will understand that firms in a market economy experience varying degrees of competition for the good or service that they sell.
5. The student will understand the risks and opportunities associated with entrepreneurship.
6. The student will understand the role of labor in the economy.
7. The student will understand the economic role of government in a free market economy. The student will understand the economic activities of government.
8. The student will understand the concepts that measure the national economy.
9. The student will understand and explain that the United States’ economy is primarily a free market system.
10. The student will understand basic measures of overall economic performance.
11. The student will analyze the causes and consequences of overall economic fluctuations.
12. The student will understand the influence of federal government budgetary policy and the Federal Reserve System’s monetary policy.
13. The student will understand that economic growth is the primary means by which a country can improve the future economic standard of living for its citizens.
14. The student will understand and use economic concepts, theories, principles and quantitative methods to analyze current events.
15. The student will learn and be able to apply personal financial management and investment practices
16. The student will understand the key factors involved in the United States’ economic relationships with other nations.
17. The student will apply economic theories and concepts to public policy issues.