ESOL Economics/Government
ESOL Standard 1: "English Learners communicate for Social and Instructional purposes within the school setting. ESOL Standard 5: "English Learners communicate information, ideas,and concepts necessary for academic success in the content area of Social Studies." Economics Standards SSEMA1 Illustrate the means by which economic activity is measured. a. Identify and describe the macroeconomic goals of steady economic growth, stable prices, and full employment. b. Define Gross Domestic Product (GDP) as the sum of Consumer Spending, Investment, Government Spending, and Net Exports (output expenditure model). c. Define unemployment rate, Consumer Price Index (CPI), inflation, real GDP, aggregate supply and aggregate demand and explain how each is used to evaluate the macroeconomic goals from SSEMA1a. d. Give examples of who benefits and who loses from unanticipated inflation. e. Identify seasonal, structural, cyclical, and frictional unemployment. f. Define the stages of the business cycle, including: peak, contraction, trough, recovery/expansion as well as recession and depression SSEMA2 Explain the role and functions of the Federal Reserve System. a. Explain the roles/functions of money as a medium of exchange, store of value, and unit of account/standard of value. b. Describe the organization of the Federal Reserve System (12 Districts, Federal Open Market Committee (FOMC), and Board of Governors). c. Define monetary policy. d. Define the tools of monetary policy including reserve requirement, discount rate, open market operations, and interest on reserves. e. Describe how the Federal Reserve uses the tools of monetary policy to promote its dual mandate of price stability and full employment, and how those affect economic growth. SSEMA3 Explain how the government uses fiscal policy to promote price stability, full employment, and economic growth. a. Define fiscal policy. b. Explain the effect on the economy of the government’s taxing and spending decisions in promoting price stability, full employment, and economic growth. c. Explain how government budget deficits or surpluses impact national debt. Monday- Complete Review Questions Tuesday- Review Macroeconomic Concepts Part 1 Wednesday- Review Macroeconomic Concepts Part 2 and Business Cycle Activity Thursday- Begin Study Guide Friday- Review for Test ESOL- A. Reading and Writing/B. Necomer I.E.L. ESOL Standard 1: "English Learners communicate for Social and Instructional purposes within the school setting. ESOL Standard 2: "English language learners communicate information, ideas and concepts necessary for academic success in the content area of Language Arts. Monday-A. Class Discussion of Income based on Education level B. 1. Begin "Menu Project" Tuesday- A. Introduce Unit 4 Cluster 1 Vocabulary B. Complete "Menu Project" Wednesday- A. 1. Reading Strategy Activity 2. Read Superman and Me B. Discuss ordering from yesterday. Pronunciation and identification. "Some vs. any" pg. 236, English is Fun - reading comprehension "Something for Dinner" pg. 238, English is Fun - Activity H & I: Based on student menus Short formative - oral Thursday- A. 1. Read and Discuss: A Smart Cookie and It's Our Story, Too 2. Write about LIterature. B. Pronunciation and identification. pg. 239, English is Fun - Activity J & K pg. 250, English is Fun - reading comprehension "Are you hungry?" pg. 251, English is Fun - Expressing quantities - "how much or how many" Short formative -oral / written Friday- A. 1. Literary Analysis: Analyze Imagery 2. Vocabulary Study: Multiple Meaning words B. Review and collect work for this unit Summantive on Food and Meals
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