A Framework for Teaching Basic Economic Concepts: With Scope and Sequence Guidelines, K-12, Volume 4

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Phillip Saunders, June V. Gilliard
Council for Economic Educat, 1995 - Education - 167 pages
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This publication is an updated, edited merger of two earlier National Council on Economic Education documents: "A Framework for Teaching the Basic Concepts" and "Economics: What and When." The combined publication is designed to aid those who construct curricula or who provide economics instruction in U.S. schools. The book provides a concisely stated set of basic concepts for teaching economics below the college level and a set of guidelines to enable schools to develop a systematic program of economic studies from K-12. The seven chapters include: (1) "Introduction"; (2) "Basic Concepts"; (3) "Applying Economic Understanding to Specific Issues"; (4) "Overview: Scope and Sequence Guidelines"; (5) "Guidelines, K-4"; (6) "Guidelines, 5-8"; and (7) "Guidelines, 9-12." (EH)
 

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Contents

Foreword
INDEX OF TERMS 155
Basic Concepts
9
Sample Decisionmaking Grid for Using a 15 Gift Certificate 6
10
Microeconomic Concepts
18
The Circular Flow of Resources Goods Services and Money Payments
20
Hypothetical Supply and Demand Schedules for a Hypothetical Product
21
Sources and Distribution of Personal Income in the United States
24
ECONOMIC SYSTEMS
85
EXCHANGE MONEY AND INTERDEPENDENCE
86
MARKETS AND PRICES
89
Guidelines 58
91
List of Content Statements
92
Teaching Resources
97
OPPORTUNITY COST AND TRADEOFFS
99
ECONOMIC SYSTEMS
101

Governments in the Circular Flow of Resources Goods Services and Money Payments
27
Macroeconomic Concepts
29
FISCAL POLICY
35
Employment and Unemployment in the United States
40
CHARTS AND GRAPHS
41
Employment and Unemployment in the United States
42
The 25 Largest U S Industrial Corporations
44
OTHER GOALS
47
Applying Economic Understanding to Specific Issues si The Case of Egg Diversion
51
Sample Decisionmaking Grid for the Egg Diversion Case
53
The Cold War EndsEconomic Consequences
55
Scope and Sequence Guidelines
59
Use of Models in Economics
60
Summary and Use of the Guidelines
61
Placement of Basic Economic Concepts in the K12 Curriculum
62
Content Statements Kl 2
63
PRODUCTIVITY
64
ECONOMIC INSTITUTIONS AND INCENTIVES
65
MARKETS AND PRICES
66
COMPETITION AND MARKET STRUCTURE
67
INCOME DISTRIBUTION
68
MARKET FAILURES
69
GROSS DOMESTIC PRODUCT
70
AGGREGATE SUPPLY AND AGGREGATE DEMAND
71
INFLATION AND DEFLATION
72
FISCAL POLICY
73
ABSOLUTE AND COMPARATIVE ADVANTAGE AND BARRIERS TO TRADE
74
INTERNATIONAL ASPECTS OF GROWTH AND STABILITY
75
Guidelines K4
77
List of Content Statements
78
Teaching Resources so 1 SCARCITY AND CHOICE
80
OPPORTUNITY COST AND TRADEOFFS
83
PRODUCTIVITY
84
ECONOMIC INSTITUTIONS AND INCENTIVES
102
EXCHANGE MONEY AND INTERDEPENDENCE
104
MARKETS AND PRICES
106
SUPPLY AND DEMAND
107
COMPETITION AND MARKET STRUCTURE
109
INCOME DISTRIBUTION
110
THE ROLE OF GOVERNMENT 1 1 2
112
GROSS DOMESTIC PRODUCT 1 1 3
113
UNEMPLOYMENT 1 13
114
FISCAL POLICY
115
EXCHANGE RATES AND THE BALANCE OF PAYMENTS 1 16
116
INTERNATIONAL ASPECTS OF GROWTH AND STABILITY 1 17
117
Guidelines 912
119
List of Content Statements
121
Teaching Resources
130
PRODUCTIVITY
131
ECONOMIC SYSTEMS
132
ECONOMIC INSTITUTIONS AND INCENTIVES 1 33
133
EXCHANGE MONEY AND INTERDEPENDENCE 1 35
135
COMPETITION AND MARKET STRUCTURE 1 39
139
INCOME DISTRIBUTION
141
MARKET FAILURES
142
THE ROLE OF GOVERNMENT
143
GROSS DOMESTIC PRODUCT
145
AGGREGATE SUPPLY AND AGGREGATE DEMAND
147
UNEMPLOYMENT
150
INFLATION AND DEFLATION
151
MONETARY POLICY
153
FISCAL POLICY
156
ABSOLUTE AND COMPARATIVE ADVANTAGE AND BARRIERS TO TRADE
159
EXCHANGE RATES AND THE BALANCE OF PAYMENTS
160
INTERNATIONAL ASPECTS OF GROWTH AND STABILITY
163
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