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Course
Standards for Omaha Public Schools Required 10th Grade Semester Course
in Economics (OPS) EC-01: Students will demonstrate an understanding of
fundamental economic terms and concepts and analyze and evaluate the role of
citizens as producers and consumers. A.
Define choices,
opportunity costs and consumption, and apply these to real world situations. B.
Identify and
classify various components of scarcity. C.
Apply the rules
of decision making to evaluate real world situations. D.
Predict the
impact of changes in production. E.
Define and apply
the various categories of resources to real world situations. F.
Analyze and order
the circular flow model. EC-02: Students will analyze the characteristics of
the United States’ free market economy and be able to apply the characteristics
to local, state and national examples. A.
Apply the theory
of elasticity and analyze the impact. B.
Define and
identify income distribution and the role of inputs/outputs. C.
Analyze the
impact of supply and demand on price controls. D.
Comprehend and
analyze a market economy and the elements of structure, price, failures,
shortages and surplus. EC-03: Students will analyze the role of government
in the United States’ economy and be able to define and use economic indicators
as tools to measure economic conditions. A.
Apply basic
indicators to measure economic conditions. B.
Identify and
explain how institutions interact with the government and consumer. C.
Define labor and
identify its role in an economic system. D.
Deduce factors
that create price stability and inflation. E.
Describe the role
of government in local, state, national, and international settings. F.
Analyze the
function and implications of monetary policy. G.
Apply and analyze
fiscal policy EC-04: Students will be able to discuss the
fundamentals of international trade and global markets and analyze their effect
on the A.
Describe the reasons for, and barriers to trade. B.
Identify and apply the factors related to exchange rates. C.
Analyze the impact of specialization on an economic system. D.
Identify and explain comparative economic systems. |