Unit 5 Macro & Micro Economics
SS-EC.9-12.17. Explain how changes in supply and demand cause changes of goods and services, labor, credit, and foreign currencies. (DOK Level 3)
SS-Econ.9-12.20. Use economic indicators to evaluate economic conditions
5.1 Demand
Understand the law of supply and demand affects the price of products.
- Course Notes: 5.1 Course Notes
- Selected Reading: Reading on Law of Demand
- Activity: 5.1 Reasons for Change in Demand
- Vocab: Unit 5
5.2 Supply
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5.3 World Economic Systems
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5.4 Gross Domestic Product (GDP)
Understand factors that influence Gross Domestic Product for specific countries
- Course Notes: 5.4 Course Notes
- Selected Reading: TBD
- Activity 1: 5.4 GDP
5.5 Inflation, Deflation, Recession
Understand different policies and actions that combat inflation, deflation, and recession.
- Course Notes: 5.5 Course Notes
- Selected Reading: TBD
- Activity: 5.5: Inflation, Deflation, & Recession
5.6 Economic Self Interests
Understand economic self–interest influences economic decisions.
- Course Notes: 5.6 Course Notes
- Selected Reading: TBD
- Activity: 5.6a Economic Self-Interests
- Reading on Self-Interests