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JA
Economics®
JA Economics is a one-semester course in which students learn the fundamental concepts of micro- macro-, and international economics and apply them in intellectually engaging ways.
JA
Economics®
Activities
Topic:
Pillars of the U.S. Economic System
Chapters 1 and 2 describe the basic economic problems and the nature of the free enterprise system.
Key Learning
Objectives The students will...
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describe how scarcity forces people to make choices and weigh opportunity
costs
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analyze how different economic systems solve basic economic
problems
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explain how voluntary exchange markets allocate
resources
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describe how money, goods, and services link households and business in the U.S. economy
Topic:
Supply, Demand, Market Prices, and the Consumer
Chapters 3, 4, 5, and 6 describe the price system, illustrate how supply and demand interact to establish market prices and allocate resources, and explore consumer-related issues.
Key Learning
Objectives The students will...
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explain price
effect
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illustrate how changes in supply and demand affect market
price
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evaluate how markets meet consumer
needs
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describe the role of
consumers
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explain the function of
credit
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analyze saving, investing, and personal money management options
Topic: Theory and Operations of the Business
Firm
Chapters 7, 8, 9, 10, and 11 examine the role of entrepreneurs and how businesses are organized and financed, explore production, productivity, market structure, and marketing strategies.
Key Learning
Objectives The students will...
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compare and contrast different types of business
organizations
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describe the responsibilities, risks, and rewards of entrepreneurships
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differentiate among types of business
financing
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describe factors that affect
productivity
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identify different market structures
Topic:
Economic Institutions
Chapters 12, 13, and 14 examine the role of labor, governments, and the federal reserve banking system in the United States.
Key Learning
Objectives The students will...
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analyze the role of organized
labor
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describe government's role in the
economy
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describe the role of banks and the functions of the Federal Reserve
System
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describe the phases of the business
cycle
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analyze fiscal and monetary policy
options
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evaluate the effectiveness of different economic policies
Topic: The Global
Economy
Chapters 15 and 16 explore the costs and benefits of international trade, economic growth, and global economic issues for the 21st century.
Key Learning
Objectives The students will...
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explain why nations trade goods and
services
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describe barriers to international
trade
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identify various economic challenges the global economy
faces
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analyze current economic problems
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JA
Economics®
enhances the students' learning of the following concepts and skills:
Concepts
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Advantage
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Demand
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Economic systems
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Exchange rates
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Fiscal policy
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Government
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GDP
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Income distribution
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Inflation
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Investment
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Labor
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Markets
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Opportunity costs
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Productivity
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Scarcity
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Supply
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Trade
Skills
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Applying information
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Classifying
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Critical thinking
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Decision making
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Giving reports
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Graphing
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Interpreting data
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Math computation
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Reading
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Research
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Taking notes
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Writing
JA Economics is a one-semester course and is recommended for students in grades 11 and 12. Instructional materials include textbooks and study guides. The Student Company and JA TITAN School Edition are supplementary.
All JA programs have technology enhancements and are designed to support the skills and competencies outlined in the SCANS (Secretary's Commission on Achieving Necessary Skills) report. These programs also augment the school-based, work-based, and connecting activities for communities with school-to-work initiatives.
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