Class Expectations:

-Participation
Students are expected to fully participate in class discussions and activities. That waywe can keep the class fun,
interesting, and moving forward.

-Hard Work
Students are expected to put in the effort required to learn about the economic phenomena that underlies
their daily lives. All assignments should be turned in, and turned in on time.

-Respect
Most importantly, students are expected to show respect to myself, fellow classmates, and the school.

The Website and other Digital Tools:

Through the class website students will be able to view assignment requirements and due dates, class
updates, as well as have access to resources for these assignments. The website also offers links, articles,
statistics, and other information to let students explore any economic interests that extend past what is covered
on class. I will also use Socrative.com for in-class quizzes. Students will be able to complete these quizzes on
their smartphones.

If technological access is an issue,

please contact me and an alternative
can be worked out for your student.

How to Be Involved:
At the end of the semester we hold our Economic Summit, a fun and exciting event where students can
put what theyve learned to the test (as well as dress up and bring food). We will need a few volunteers to help
tally and run the exchange counter, and your help would be greatly appreciated!

Idaho Social Studies Standards:

Standard 3: Economics
Students in Economics explain basic economic concepts, identify different influences on economic
systems, analyze the different types of economic institutions, and explain the concepts of good personal
finance.

Goal 3.1: Explain basic economic concepts.

Objective(s): By the end of Economics, the student will be able to:
1.Define scarcity and explain its implications in decision making.
2.Identify ways in which the interaction of all buyers and sellers influence prices.
3.Identify how incentives determine what is produced and distributed in a competitive market system
4.Describe the factors of production.
5.Create and interpret graphs that model economic concepts.

Goal 3.2: Identify different influences on economic systems.

Objective(s): By the end of Economics, the student will be able to:
1.Compare and contrast the characteristics of different economic systems and economic philosophies.
2.Explain and illustrate the impact of economic policies and decisions made by governments, businesses, and
individuals.

Goal 3.3: Analyze the different types of economic institutions.

Objective(s): By the end of Economics, the student will be able to do:
1.Explain the characteristics of various types of business and market structures.
2.Describe the elements of entrepreneurship and successful businesses.
3.Identify the role of the financial markets and institutions.
4.Explain the purposes of labor unions.
5.Explain the difference between monetary policy and fiscal policy.
6.Analyze the various parts of the business cycle and its effect on the economy.

Goal 3.4: Explain the concepts of good personal finance.

Objective(s): By the end of Economics, the student will be able to:
1.Examine and apply the elements of responsible personal fiscal management, such as budgets,
interest, investment, savings, credit, and debt.
2.Identify and evaluate sources and examples of consumers responsibilities and rights.
3.Discuss the impact of taxation as applied to personal finances.