prentice hall economics - pearson...

A Correlation of

Prentice Hall Economics

Florida Edition

To the

Florida Course Standards and Access Points for Economics - 2102310

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LA.1112.1.6.1 The student will use new vocabulary that is introduced and taught directly. N/A

Economic Dictionary, 3, 8, 13, 23, 29, 35, 39, 49, 56, 62, 68, 85, 91, 97, 109, 116, 123, 133, 141, 148, 159, 164, 174, 180, 191, 196, 202, 208, 217, 226, 235, 249, 256, 264, 277, 284, 291, 307, 315, 323, 335, 344, 349, 363, 369, 375, 381, 391, 399, 408, 419, 425, 429, 435, 447, 455, 463, 481, 487, 495, 501, Section Assessment, Key Terms, 7, 12, 18, 28, 34, 38, 44, 55, 61, 67, 73, 90, 96, 104, 115, 122, 128, 140, 147, 154, 163, 173, 179 184, 195, 201, 207, 212, 225, 234, 242, 255, 263, 272, 283, 290, 300, 314, 322, 330, 341, 348, 356, 368, 374, 380, 398, 407, 414, 424, 428, 434, 440, 454, 462, 470, 486, 494, 500, 508, Visual Glossary, 10, 32, 50, 86, 110, 135, 161, 204, 228, 250, 292, 308, 344, 365, 393, 420, 459, 502

LA.1112.1.6.2 The student will listen to, read, and discuss familiar and conceptually challenging text. N/A

Case Study, 16, 42, 60, 93, 127, 150, 169, 210, 223, 262, 281, 329, 352, 371, 402, 432, 466, 490, Document-Based Assessment, 21, 47, 75, 107, 131, 157, 187, 215, 245, 275, 303, 333, 359, 389, 417, 443, 473, 511

CORRELATIONFLORIDA DEPARTMENT OF EDUCATION

INSTRUCTIONAL MATERIALS CORRELATION

Social ScienceGrades 9-12Economics

COURSE STANDARDS

1863

2102310

22-1603684-03Committee Member Evaluation(Committee Member Use Only)

Pearson Education, Inc., publishing as Prentice Hall

Prentice Hall Economics, Florida Edition

LA.1112.1.6.3 The student will use context clues to determine meanings of unfamiliar words. N/A

Opportunities to address this standard may be found in all section openers with the following feature: Economic Dictionary, 3, 8, 13, 23, 29, 35, 39, 49, 56, 62, 68, 85, 91, 97, 109, 116, 123, 133, 141, 148, 159, 164, 174, 180, 191, 196, 202, 208, 217, 226, 235, 249, 256, 264, 277, 284, 291, 307, 315, 323, 335, 344, 349, 363, 369, 375, 381, 391, 399, 408, 419, 425, 429, 435, 447, 455, 463, 481, 487, 495, 501

LA.1112.2.2.2The student will use information from the text to answer questions or to state the main idea or provide relevant details.

N/A

Case Study, 16, 42, 60, 93, 127, 150, 169, 210, 223, 262, 281, 329, 352, 371, 402, 432, 466, 490, Document-Based Assessment, 21, 47, 75, 107, 131, 157, 187, 215, 245, 275, 303, 333, 359, 389, 417, 443, 473, 511

LA.1112.2.2.3

The student will organize information to show understanding or relationships among facts, ideas, and events (e.g. representing key points within text through charting, mapping, paraphrasing, summarizing, comparing, contrasting, outlining)

N/A

Section Openers, 3, 8, 13, 23, 29, 35, 39, 49, 56, 62, 68, 85, 91, 97, 109, 116, 123, 133, 141, 148, 159, 164, 174, 180, 191, 196, 202, 208, 217, 226, 235, 249, 256, 264, 277, 284, 291, 307, 315, 323, 335, 342, 349, 363, 369, 375, 381, 391, 399, 408, 419, 425, 429, 435, 447, 455, 463, 481, 487, 495, 501

LA.1112.6.2.4

The student will understand the importance of legal and ethical practices, including laws regarding libel, slander, copyright, and plagiarism in the use of mass media and digital sources, know the associated consequences, and comply with the law.

N/A 61, PF 36, 37

LA.1112.6.3.1 The student will distinguish between propaganda and ethical reasoning strategies in print and nonprint media. N/A FL47, FLT63, FLT64, 107, S-17

MA.912.A.2.1 Create a graph representing a real-world situation. Moderate

Section Assessment, 18, 98, 115, 140, 242, 322, 398, Chapter Assessment, 106, 186, Personal Finance Handbook, PF5, PF7, PF9, PF17, PF23, PF29, PF31, PF33, PF37, PF39, PF41, PF45

MA.912.A.2.2 Interpret a graph representing a real-world situation. Moderate

Graph Preview, xxviii–xxx, FL 40, FL 41, FL 42, FL 44, Interpreting Data from Graphs, 20, 21, 57, 74, 76, 78, 80, 81, 90, 92, 98, 113, 117, 121, 125, 131, 135, 136, 138, 139, 142, 143, 147, 156, 162, 170, 171, 192, 197, 203, 207, 214, 215, 220, 221, 225, 229, 230, 231, 238, 239, 265, 275, 289, 313, 320, 323, 332, 333, 341, 345, 351, 353, 359, 366, 369, 375, 383, 385, 388, 395, 396, 407, 409, 410, 414, 416, 455, 469, 472, 474, 476, 477, 478, 479, 482, 488, 493, 497, Personal Finance Handbook, PF2-PF49

MA.912.D.4.1 Solve maximal profit/minimal cost problems. High Output and Change in Price, 121, Math Skills, 122, Apply Your Math Skills, 156

MA.912.F.3.1 Compare the advantages and disadvantages of using cash versus a credit card. High Ready. Set. Charge? (Credit or Debit) PF24–PF25

MA.912.F.3.2 Analyze credit scores and reports. Moderate Fundamentals of Good Credit, PF22–PF23

MA.912.F.3.3 Calculate the finance charges and total amount due on a credit card bill. Low 274, Ready. Set. Charge?, PF24–PF25, Calculate,

PF27

MA.912.F.3.6Calculate total cost of purchasing consumer durables over time given different down payments, financing options, and fees.

Moderate Buying a Car, PF32–PF33

SS.912.E.1.1 Identify the factors of production and why they are necessary for the production of goods and services. N/A Scarcity and the Factors of Production, 3–7

SS.912.E.1.2 Analyze production possibilities curves to explain choice, scarcity, and opportunity costs. N/A

FL 44Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Production Possibilities Curves, 13–18, Chapter Assessment, 20

SS.912.E.1.3

Compare how the various economic systems (traditional, market, command, mixed) answer the questions: (1) What to produce?; (2) How to produce?; and (3) For whom to produce?

N/A

Answering the Three Economic Questions, 23–28, The Free Market, 29–34, Centrally Planned Economies, 35–38, Mixed Economies, 39–45, Chapter Assessment, 46

SS.912.E.1.4

Define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place.

N/A

Understanding Demand, 85–90, Shifts in the Demand Curve, 91–96, Elasticity of Demand, 97–105, Chapter Assessment, 106, Understanding Supply, 109–115, Costs of Production, 116–122, Changes in Supply, 123–129, Chapter Assessment, 130, Combining Supply and Demand, 133–140, Changes in Market Equilibrium, 141–147, The Role of Prices, 148–155, Chapter Assessment, 156

SS.912.E.1.5 Compare different forms of business organizations. N/A

Business Organizations, 190, Sole Proprietorship, 191–195, Partnerships and Franchises, 196–201, Corporations, Mergers, and Multinationals, 202–207, Nonprofit Organizations, 208–209, Case Study, 210, Chapter Assessment, 214, Document-Based Assessment, 215

SS.912.E.1.6Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).

N/APerfect Competition, 159–163, Monopoly, 164–173, Monopolistic Competition and Oligopoly, 174–179, Chapter Assessment, 186

SS.912.E.1.7 Graph and explain how firms determine price and output through marginal cost analysis. N/A Opportunity Cost, 8–12, Production Costs, 118–120,

Setting Output, 120–122

SS.912.E.1.8 Explain ways firms engage in price and nonprice competition. N/A

Perfect Competition, 159–163, Monopoly, 164-173, Monopolistic Competition and Oligopoly, 174-179, Nonprice Competition, 175–176, Price War, 179

SS.912.E.1.9 Describe how the earnings of workers are determined. N/A Earnings Statement, PF44, PF45, Labor and Wages, 226–234

SS.912.E.1.10Explain the use of fiscal policy (taxation, spending) to promote price stability, full employment, and economic growth.

N/A

FL 42, Promoting Growth and Stability, 56–61, Federal Spending, 375–380, State and Local Taxes and Spending, 381–386, Understanding Fiscal Policy, 391–398, Fiscal Policy Options, 399–407, Budget Deficits and the National Debt, 408–415, Chapter Assessment, 416

SS.912.E.1.11

Explain how the Federal Reserve uses the tools of monetary policy (discount rate, reserve requirement, open market operations) to promote price stability, full employment, and economic growth.

N/A

The Federal Reserve and Monetary Policy, 418, The Federal Reserve System, 419–424, Federal Reserve Functions, 425–428, Monetary Policy Tools, 429–434, Monetary Policy and Macroeconomic Stabilization, 435–441, Chapter Assessment, 442

SS.912.E.1.12Examine the four phases of the business cycle (peak, contraction - unemployment, trough, expansion - inflation).

N/A

Business Cycle, 315–322, Chapter Assessment, 332, Unemployment, 335–341, Inflation, 342–348, Chapter Assessment, 358, Monetary Policy and Macroeconomic Stabilization, 435–440

SS.912.E.1.13Explain the basic functions and characteristics of money, and describe the composition of the money supply in the United States.

N/A

Money, 249–255, The History of American Banking, 256–263, Banking Today, 264–273, Chapter Assessment, 274, Budget Deficits and the National Debt, 408–414, The Federal Reserve and Monetary Policy, 419–424, Federal Reserve Functions, 425–428, Monetary Policy Tools, 429–434

SS.912.E.1.14 Compare credit, savings, and investment services available to the consumer from financial institutions. N/A

Case Study, 262, Financial Markets, 276, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Investments, PF10–PF15, Savings and Retirement, PF16–PF21

SS.912.E.1.15 Describe the risk and return profiles of various investment vehicles and the importance of diversification. N/A

Financial Markets, 276, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Investments, PF10–PF15, Savings and Retirement, PF16–PF21, Credit and Debt, PF22–PF27, Risk Management, PF28–PF31

SS.912.E.1.16Construct a one-year budget plan for a specific career path including expenses and construction of a credit plan for purchasing a major item.

N/A Budgeting, PF4–P5F, Saving for the Long Haul, PF16–PF17

SS.912.E.2.1 Identify and explain broad economic goals. N/A

Economic Systems, 22, Answering the Three Economic Questions, 23–28, The Free Market, 29–34, Centrally Planned Economies, 35–38, Mixed Economies, 39–45, Chapter Assessment, 46, American Free Enterprise, 48–75, Providing Public Goods, 62–67, Providing a Safety Net, 68–72, Fiscal Policy Options, 399–407, Monetary Policy and Macroeconomic Stabilizations, 435–440

SS.912.E.2.2

Use a decision-making model to analyze a public policy issue affecting the student's community that incorporates defining a problem, analyzing the potential consequences, and considering the alternatives.

N/A

Case Study, 16, 42, 60, 93, 127, 150, 169, 210, 223, 262, 281, 329, 352, 371, 402, 432, 466, 490; Economic Simulations, 17, 38, 53, 95, 120, 142, 181, 192, 240, 251, 294, 317, 345, 382, 396, 430, 464, 491, Essential Question Activity, 388

SS.912.E.2.3

Research contributions of entrepreneurs, inventors, and other key individuals from various gender, social, and ethnic backgrounds in the development of the United States.

N/AEntrepreneurs, 4–7, 162, 167–168, 192, Innovators, 15, 30, 53, 95, 114, 146, 167, 211, 237, 260, 298, 328, 340, 376, 406, 436, 452, 499

SS.912.E.2.4Diagram and explain the problems that occur when government institutes wage and price controls, and explain the rationale for these controls.

N/A Price Ceiling, 137–138, Price Floors, 139–140, Document-Based Assessment, 157, 245

SS.912.E.2.5 Analyze how capital investments may impact productivity and economic growth. N/A

Capital, 6, Benefits of Capital, 6–7, Saving and Investing, 277–283, Business Cycles, 315–322, Economic Growth, 323–330

SS.912.E.2.6 Examine the benefits of natural monopolies and the purposes of government regulation of these monopolies. N/A

Monopoly, 164–173, Monopolistic Competition and Oligopoly, 174–179, Regulation and Deregulation, 180–184, Chapter Assessment, 186, Document-Based Assessment, 187

SS.912.E.2.7 Identify the impact of inflation on society. N/A Inflation, 342–348, Chapter Assessment, 358, Monetary Policy and Inflation, 439–440

SS.912.E.2.8Differentiate between direct and indirect taxes, and describe the progressivity of taxes (progressive, proportional, regressive).

N/AWhat Are Taxes, 363–368, Federal Taxes, 369–374, State Tax Revenue, 383–384, Chapter Assessment, 388

SS.912.E.2.9Analyze how changes in federal spending and taxation affect budget deficits and surpluses and the national debt.

N/A

Federal Taxes, 369–374, Federal Spending, 375–380, Understanding Fiscal Policy, 391–398, Fiscal Policy Options, 399–407, Budget Deficits and the National Debt, 408–415, Monetary Policy Tools, 429–434, Monetary Policy and Macroeconomic Stabilization, 435–441

SS.912.E.2.10 Describe the organization and functions of the Federal Reserve System. N/A


SS.912.E.2.11 Assess the economic impact of negative and positive externalities on the local, state, and national environment. N/A Externalities, 65–67, Negative Externalities, 311,

Case Study, 490

SS.912.E.2.12

Construct a circular flow diagram for an open-market economy including elements of households, firms, government, financial institutions, product and factor markets, and international trade.

N/A

FL 43, Circular Flow Model of a Market Economy, 31, Circular Flow Model of a Mixed Economy, 40, Balance of Payments, 469, Chapter Assessment, 472

SS.912.E.3.1 Demonstrate the impact of inflation on world economies. N/AA Global Depression, 321, Inflation, 342–348, Issues in Globalization, 503–504, Competition for Resources, 507

SS.912.E.3.2Examine absolute and comparative advantage, and explain why most trade occurs because of comparative advantage.

N/A Absolute and Comparative Advantage, 447–454, Chapter Assessment, 472

SS.912.E.3.3Discuss the effect of barriers to trade and why nations sometimes erect barriers to trade or establish free trade zones.

N/A Trade Barriers and Agreements, 455–462, Chapter Assessment, 472

SS.912.E.3.4 Assess the economic impact of negative and positive externalities on the international environment. N/A

Trade Barriers and Agreements, 455–459, Measuring Trade, 463–467, Levels of Development, 481–486, Issues in Development, 487–494, Case Study, 490, Economies in Transition, 495–500, Challenges of Globalization, 501–509

SS.912.E.3.5 Compare the current United States economy with other developed and developing nations. N/A

The World Economy, 474–479, Measuring Trade, 463–467, Levels of Development, 481–486, Issues in Development, 487–494, Economies in Transition, 495–500, Challenges of Globalization, 501–509

SS.912.E.3.6 Differentiate and draw conclusions about historical economic thought theorized by economists. N/A

"Guns or Butter," 9, 12, Self-Interest, 33, Adam Smith, 33, Classical Economics, 399–400, Keynesian Economics, 400–404, Supply-Side Economics, 404–405, Fiscal Policy in American History, 405–407, Milton Friedman, 436

SS.912.G.2.2Describe the factors and processes that contribute to the differences between developing and developed regions of the world.

N/A

Development and Globalization, 480, Levels of Development, 481–486, Issues in Development, 487–494, Economies in Transition, 495–500, Quick Study Guide, 509, Chapter Assessment, 510–511

SS.912.G.3.3Use geographic terms and tools to explain differing perspectives on the use of renewable and non-renewable resources in Florida, the United States, and the world.

N/A

Natural Resources, 5, 77, 330, Allocation of Resources, 153–154, Distribution of Resources, 447–449, Map: United States Economic Activity and Resources, 77, Document-Based Assessment: How Can Economic Growth be Balanced with Environmental Concerns? 333, Map: Health of World Ecosystems, 507, Compare Viewpoints, S-11

SS.912.G.4.4 Use geographic terms and tools to analyze case studies of issues in globalization. N/A

Case Study: The NFL's New Turf, 169, Map: Major Trade Organization Members, 461, Challenges of Globalization, 501–509, Document-Based Assessment, 511, Unit 7 Challenge, 512, Economic Simulations: Fair Exchange, 464, How Will You Help?, 491, Case Study: Home Currency, 466, Economic Antidote, 490

The Examples can be from Student or Teacher Instructional Material.

Prentice Hall Economics incorporates the Understanding by Design* model, co-created by program author Grant Wiggins. This instruction encourages students to connect to the content and build knowledge and skills through experience, which leads to understanding. Essential Questions for each Unit and Chapter and Section-level Guiding Questions provide a larger framework to guide students and help them to see the big ideas. Through Economics, students will be able to explore concepts, build knowledge, and transfer what they’ve learned beyond the classroom.

“Understanding by Design” is registered as a trademark with the Patent and Trademark Office by the Association for Supervision of Curriculum Development (ASCD). ASCD has not authorized, approved or sponsored this work and is in no way affiliated with Pearson or its products.

Sample Pages:Unit 1 Essential Question: How does economics affect everyone?, 1Chapter 1 Essential Question: How can we make the best economic choices?, 2Chapter 1, Section 1 Guiding Question: How does scarcity force people to make economic choices?, 3Section 1 Assessment (Guiding Question Assessment and Essential Questions Journal), 7Quick Study Guide, 19Essential Question Activity, 20

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The major tool introduces and builds social studies concepts as a coherent whole. It provides opportunities to students to explore why an idea is important and in which contexts that idea can be useful. In other words, the major tool helps students learn the social studies concepts in depth. Additionally, students are given opportunities to connect conceptual knowledge with procedural knowledge and factual knowledge. Overall, there is an appropriate balance of skill development and conceptual understanding.

IDENTIFY AN EXAMPLE (WITH PAGE NUMBERS OR LOCATION) DEEMED TYPICAL OF THE APPROACH TAKEN IN THE MAJOR TOOL.

Prentice Hall Economics helps students to develop an understanding of the impact of economic principles on their day-to-day life, so they will make better economic choices and be prepared to live in a global economy. Throughout each chapter, students are engaged in the subject matter through interactive features that help make learning realistic and relevant to their lives. In each chapter, for example, a Case Study by The Wall Street Journal Classroom Edition demonstrates a real-life application of economic principles.

Sample Pages:How the Economy Works (in print and online), 4-5Future Watch: Water Wars, 6Economics & You, 9Visual Glossary; What is Opportunity Cost?, (in print and online) 10Case Study; The Vietnam War, 16Simulation Activity: Kitchen Challenge, p. 17Graph Skills, (in print or online) 14Personal Finance Handbook, PF1

Economics helps students build important 21st Century Skills including Critical Thinking, Problem Solving, Comparing Viewpoints, and Decision Making. Students learn how to collect and evaluate data in order to develop and test theories. The 21st Century Skills Handbook provides students with instruction for developing these skills and the student edition includes opportunities to practice them throughout.

Sample Pages:21st Century Skills Handbook,S1Chart Skills, 54Graph Skills, 57, 66Critical Thinking, 55, 74Essential Question Activity, 74Analyzing Documents, 75

Tasks are engaging and interesting enough that students want to pursue them. Real world problems are realistic and relevant to students’ lives.

Evaluating differing points of view is encouraged by the tasks presented to students. Tasks require students to make decisions, determine strategies, and justify solutions.

Active learning activities in Prentice Hall Economics inspire students to obtain an enduring understanding of economics and to develop confidence and self-direction as they move through both team-based and independent work. Hands-on activities are embedded in the student materials and extended through the Teacher’s Edition, Essential Questions Journal, and online Webquests.

Sample Pages:Graph Skills 87, 92, 98Chart Skills 89, 90, 103, 104Guided Question Assessments 90, 96, 104Simulation Activity 95Case Study: Who Needs to Eat? (Applying Economic Principles) 93Career Center 102Essential Question Activity 106Writing About Economics 107Unit Challenge 188

Throughout the Prentice Hall Economics program, students actively engage in acquiring new knowledge and skills. This new knowledge helps them develop a deeper understanding of the Essential Questions, which they revisit at each lesson through writing, graphing, charting, problem solving, discussion, and collaboration. The Essential Questions Journal provides a means for students to gather and record their thoughts in a variety of formats. The Case Studies and Document-Based Assessments in each chapter provide opportunities for students to analyze and discuss primary and secondary sources.

Sample Pages:Guiding Question graphic organizer 133, 141, 148Checkpoint 134, 137, 139, 140, 141, 144, 146, 147, 151, 153, 154Guiding Question Assessment and Essential Question Journal 140, 147, 154The Case Study 150Chapter Assessment 156Document-Based Assessment 157

Tasks engage students in communicating social studies by writing, explaining, drawing, talking, listening, and reading for information. Tasks encourage collaboration, discussion, individual accountability, and positive interdependence.

Students are given opportunities to create and use representations to organize, record, and communicate their thinking. Tasks promote the use of multiple representations. Students use a variety of tools, including both primary and secondary sources, to understand a single concept.

The student edition enables students to practice important reading, writing, and math skills-essential skills they’ll need when studying economics.

Sample Pages:Economic Dictionary 307, 315, 323, Visual Glossary 32, 50, 250Guiding Question Graphic Organizers & Assessment 335, 341, 342, 349Key Terms and Main Ideas Assessment 368, 374, 380, 386 Graph Skills (print and online) 383, 366, 369, 375, Chart Skills 385 Math Skills (print and online) 368, 386Document-Based Assessment: Writing About Economics 389Unit 6 Challenge Writing Activity 444

Economics contains less than 10% extraneous content for this course. Any additional content is included to help create an engaging narrative and provide greater context for students.

Content provided that is NOT directly associated with NGSSS benchmarks for the course/grade level is less than approximately ten percent (10%). (Publishers must list ALL content here, not just examples.)

The social studies connects to other disciplines such as reading, art, mathematics, and science. Tasks represent ideas as interconnected and building upon each other.

SUBJECT: GRADE LEVEL:

COURSE TITLE: COURSE CODE:

SUBMISSION TITLE:TITLE ID:

PUBLISHER: PUBLISHER ID:

ACCESS POINT CODE ACCESS POINT DESCRIPTION

LESSONS WHERE ACCESS POINT IS DIRECTLY ADDRESSED IN-DEPTH IN MAJOR

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lesson, or other identifier for easy lookup for committee member.)

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SS.912.E.1.In.a Identify examples of factors of production, such as land, labor, and capital. Scarcity and the Factors of Production, 3–7

SS.912.E.1.In.bIdentify the impact of scarcity, choice, and opportunity costs on the production of goods and services.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Production Possibilities Curve, 13–19, Chapter Assessment, 20, Costs of Production, 116–122

SS.912.E.1.In.cIdentify differences in the major characteristics of the market, command, and mixed economic systems.

The Free Market, 29–34, Centrally Planned Economies, 35–38, Mixed Economies, 39–45, Chapter Assessment, 46, The Benefits of Free Enterprise, 49–55

SS.912.E.1.In.d Describe how the interaction between supply and demand affects the price of a product.

Understanding Demand, 85–90, Shifts in the Demand Curve, 91–96, Understanding Supply, 109–115, Combining Supply and Demand, Changes in Supply, 123–129, 133–140, Changes in Market Equilibrium, 141–147, The Role of Prices, 150–155

SS.912.E.1.In.e Identify forms of business organization, such as sole proprietorship, partnership, and corporation.

Business Organizations, 190, Sole Proprietorship, 191–195, Partnerships and Franchises, 196–201, Corporations, Mergers, and Multinationals, 202–207, Nonprofit Organizations, 208–209, Chapter Assessment, 214, Document-Based Assessment, 215

SS.912.E.1.In.f Identify differences between a monopoly and pure competition market structure.

Market Structure, 158, Perfect Competition, 159–163, Monopoly, 164–173, Monopolistic Competition and Oligopoly, 174–179, Chapter Assessment, 186

Committee Member Evaluation(Committee Member Use Only)

Pearson Education, Inc., publishing as Prentice Hall22-1603684-03

Prentice Hall Economics, Florida Edition1863

CORRELATIONFLORIDA DEPARTMENT OF EDUCATION

ACCESS POINTSINSTRUCTIONAL MATERIALS CORRELATION

Social ScienceGrades 9-12Economics2102310

SS.912.E.1.In.g Identify factors that determine the price of a good or service, such as fixed and variable costs.

Costs of Production, 116–122, Changes in Market Equilibrium, 141–147, The Role of Prices, 148–154

SS.912.E.1.In.hIdentify characteristics of price and non-price competition, such as discounts and rebates, and quality and extra service.

Four Conditions of Monopolistic Competition, 175, Nonprice Competition, 175–176, Price War, 179

SS.912.E.1.In.iIdentify factors that determine the earnings of workers, such as minimum wage, the market value of the product, and worker productivity.

The Minimum Wage, 139, Labor and Wages, 226–234

SS.912.E.1.In.jIdentify that the government uses taxation and oversight of government spending to support the economy.

What Are Taxes?, 363–368, 363, Federal Taxes, 369–374, Federal Spending, 375–380, State and Local Taxes and Spending, 381–388, Understanding Fiscal Policy, 391–398, Fiscal Policy Options, 399–407, Budget Deficits and the National Debt, 408–415, Chapter Assessment, 416

SS.912.E.1.In.k Identify that the Federal Reserve controls interest rates to affect economic growth.

The Federal Reserve System, 419–424, Federal Reserve Functions, 425–428, Monetary Policy Tools, 429–434, Monetary Policy and Macroeconomic Stabilization, 435–440, Chapter Assessment, 442

SS.912.E.1.In.lIdentify changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.

Business Cycles, 315–322, Economic Growth, 323–331, Chapter Assessment, 332, Unemployment, 335–341, Inflation, 342–348, Chapter Assessment, 358

SS.912.E.1.In.m Describe the basic functions of money in the United States. Money, 249–255

SS.912.E.1.In.n Identify major differences between credit, savings, and investment services.

Banking Today, 264–272, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Personal Finance Handbook, PF10–PF27

SS.912.E.1.In.o Identify sources of information on investments, such as stocks, bonds, and mutual funds.

Financial Markets, 276, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Building Your Portfolio, PF14–PF15,

SS.912.E.1.In.pIdentify a budget plan that includes wages for a specific career, ongoing expenses, and a plan for purchasing a major item.

Wise Choices for Your Money: Budgeting, PF4–PF5, Savings and Retirement, PF16–PF21

SS.912.E.1.Pa.a Recognize that products are made from resources. Factors of Production, 5–7

SS.912.E.1.Pa.b Recognize examples of scarcity and choice. Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Chapter Assessment, 20

SS.912.E.1.Pa.c Recognize that goods are produced because people want or need them (supply and demand).

Scarcity and Choice, 3–4, Entrepreneurs and the Factors of Production, 5–7, Understanding Demand, 85–90, Understanding Supply, 109–115

SS.912.E.1.Pa.d Recognize that goods are produced because people want or need them (supply and demand).


SS.912.E.1.Pa.e Recognize that some businesses are owned by people.

Sole Proprietorship, 191–195, Partnerships and Franchises, 196–201, Chapter Assessment, 214

SS.912.E.1.Pa.f Recognize a basic characteristic of a market structure, such as buyers and sellers.

The Free Market, 29–34, Benefits of Free Enterprise, 49–55

SS.912.E.1.Pa.g Recognize that goods are produced because people want or need them (supply and demand).


SS.912.E.1.Pa.h Recognize that products have different prices. Changes in Market Equilibrium, 141–147, The Role of Prices, 148–155, Prices in a Monopoly, 171–173

SS.912.E.1.Pa.i Recognize that workers receive wages. Labor and Wages, 226–234

SS.912.E.1.Pa.j Recognize that the government makes rules about money.

Federal Reserve Functions, 425–428, Monetary Policy Tools, 429–434, Monetary Policy and Macroeconomic Stabilization, 435–441

SS.912.E.1.Pa.k Recognize that the government makes rules about money.

Federal Reserve Functions, 425–428, Monetary Policy Tools, 429–434, Monetary Policy and Macroeconomic Stabilization, 435–441

SS.912.E.1.Pa.l Recognize a change in the business cycle, such as growth (peak).


SS.912.E.1.Pa.m Recognize a use for money in the United States. Money, 249–255

SS.912.E.1.Pa.n Recognize that money in a bank can be withdrawn. Banking Today, 264–272

SS.912.E.1.Pa.o Recognize the purpose of saving money.

Saving Money, 266, Saving and Investing, 277–283, Budgeting, PF4–PF5, Investments, PF10–PF15, Saving and Retirement, PF16–PF21, Paying for College, PF40–PF41

SS.912.E.1.Pa.p Recognize a plan (budget) to save and spend money.

Budgeting, PF4–PF5, Investments, PF10–PF15, Saving and Retirement, PF16–PF21, Paying for College, PF40–PF41

SS.912.E.1.Su.a Recognize examples of factors of production, such as land, labor, and capital. Scarcity and the Factors of Production, 3–7

SS.912.E.1.Su.b Identify an example of scarcity, choice, and trade-offs in the production of goods.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Production Possibilities Curve, 13–19, Chapter Assessment, 20

SS.912.E.1.Su.c Recognize a major characteristic of the market and the command economic systems.

The Free Market, 29–34, Centrally Planned Economies, 35–38, Chapter Assessment, 46

SS.912.E.1.Su.d Identify examples of the interaction between supply and demand.

Combining Supply and Demand, 133–140, Changes in Market Equilibrium, 141–147, The Role of Prices, 150–155

SS.912.E.1.Su.eRecognize forms of business organization, such as sole proprietorship, partnership, or corporation.

Business Organizations, 190, Sole Proprietorship, 191–195, Partnerships and Franchises, 196–201, Corporations, Mergers, and Multinationals, 202–207, Nonprofit Organizations, 208–209, Chapter Assessment, 214, Document-Based Assessment, 215

SS.912.E.1.Su.f Recognize a difference between a monopoly and pure competition market structure.

Perfect Competition, 159–163, Monopoly, 164–173, Monopolistic Competition and Oligopoly, 174–179, Chapter Assessment, 186

SS.912.E.1.Su.g Recognize factors that determine the price of a good or service, such as fixed costs.

Production Costs, 118–120, Reaching Equilibrium, 133–139, The Role of Prices, 148–154

SS.912.E.1.Su.h Recognize an example of price and non-price competition, such as discounts or extra service.

Four Conditions of Monopolistic Competition, 175, Nonprice Competition, 175–176, Price War, 179

SS.912.E.1.Su.i Recognize that the earnings of workers reflect worker productivity. Labor, 5, Labor and Wages, 226–234

SS.912.E.1.Su.j Recognize that the government uses tax money to support the economy.

Federal Taxes, 369–374, Federal Spending, 375–380, State and Local Taxes and Spending, 381–388, Chapter Assessment, 388, Understanding Fiscal Policy, 391–398, Fiscal Policy Options, 399–407

SS.912.E.1.Su.kRecognize that the bank of the federal government (Federal Reserve) controls some interest rates.

The Discount Rate, 431–433, Interest Rates and Spending, 435–436

SS.912.E.1.Su.lRecognize changes in the business cycle, such as peak, contraction-unemployment, trough, and expansion-inflation.


SS.912.E.1.Su.m Identify the basic functions of money in the United States.

The Three Uses of Money, 249–251, The Six Characteristics of Money, 252–253, Sources of Money’s Value, 253–255, The History of American Banking, 256–263, Banking Today, 264–273, Chapter Assessment, 274

SS.912.E.1.Su.n Recognize a credit and savings service.

Financial Markets, 276, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Investments, PF10–PF15, Savings and Retirement, PF16–PF21, Credit and Debt, PF22–PF27

SS.912.E.1.Su.o Recognize the purpose of saving and investing money.

Financial Markets, 276, Savings and Investing, 277–283, Bonds and Other Financial Assets, 284–290, The Stock Market, 291–301, Chapter Assessment, 302, Document-Based Assessment, 303, Investments, PF10–PF15, Savings and Retirement, PF16–PF21

SS.912.E.1.Su.p Recognize a budget plan that includes wages and essential expenses, such as food and housing.

Budgeting, PF4–PF5, Paying for College, PF40–PF41, Getting a Job, PF42–PF43

SS.912.E.2.In.a Identify broad economic goals, such as freedom, security, and full employment.

Answering the Three Economic Questions, 23–28, Economic Freedom, 44

SS.912.E.2.In.b

Identify a public policy issue that affects the student’s community and potential consequences, such as rezoning for housing and businesses or building new roads.

Case Study, 16, 42, 60, 93, 127, 150, 169, 210, 223, 262, 281, 329, 352, 371, 402, 432, 466, 490, Economic Simulations, 17, 38, 53, 95, 120, 142, 181, 192, 240, 251, 294, 317, 345, 382, 396, 430, 464, 491

SS.912.E.2.In.c

Describe contributions of entrepreneurs, inventors, and other key individuals from various gender, social, and ethnic backgrounds in the development of the United States.

Entrepreneurs, 4–7, 162, 167–168, 192, Innovators, 15, 30, 53, 95, 114, 146, 167, 211, 237, 260, 298, 328, 340, 376, 406, 436, 452, 499

SS.912.E.2.In.d Identify examples of government wage and price controls, such as minimum wage and rent control. Price Ceiling, 137–138, Price Floors, 139–140

SS.912.E.2.In.e Identify how investment in factories, machinery, technology, or people can impact productivity.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Production Possibilities Curve, 13–19, Costs of Production, 116–122

SS.912.E.2.In.fIdentify the purpose of natural monopolies regulated by the government, such as electricity and water.

Natural Monopolies, 166

SS.912.E.2.In.g Identify a common impact of inflation on society. Inflation, 342–348, Chapter Assessment, 358, Monetary Policy and Inflation, 439–440

SS.912.E.2.In.h Identify different types of taxes, such as income, sales, and social security.

What Are Taxes, 363–368, Federal Taxes, 369–374, State Tax Revenue, 383–384, Local Government Spending and Revenue, 385–386, Taxes and Income, PF44–PF47

SS.912.E.2.In.i Recognize the relationship between government spending and taxation and the economy.

Federal Taxes, 369–374, Federal Spending, 375–380, Understanding Fiscal Policy, 391–398, Fiscal Policy Options, 399–407, Budget Deficits and the National Debt, 408–415, Monetary Policy Tools, 429–434

SS.912.E.2.In.jIdentify a function of the Federal Reserve System, such as to control interest rates and the money supply and supervise banking institutions.


SS.912.E.2.In.kDescribe an example of the economic impact of positive and negative side effects (externalities) on the environment.

Externalities, 65–67, Negative Externalities, 311, Case Study, 490

SS.912.E.2.In.l

Identify the flow of money in a local economy, including the individual and household, businesses, banks, government, and international trade.

Circular Flow Model of a Market Economy, 31, Circular Flow Model of a Mixed Economy, 40, Chapter Assessment, 46

SS.912.E.2.Pa.a Recognize a reason for employment. Labor, 5, The Free Market, 29–34

SS.912.E.2.Pa.b Recognize the value of a community project, such as recycling. Essential Question Activity, 130, 186

SS.912.E.2.Pa.c Recognize an individual who has contributed to the United States.

Innovators, 15, 30, 53, 95, 114, 146, 167, 211, 237, 260, 298, 328, 340, 376, 406, 436, 452, 499

SS.912.E.2.Pa.d Recognize that government sets the minimum wage. Minimum Wage, 139–140

SS.912.E.2.Pa.e Recognize that investment may increase productivity.

Benefits of Capital, 6–7, Opportunity Cost, 8–12, Technology and Education, 18

SS.912.E.2.Pa.f Recognize an example of a natural monopoly, such as electricity or water. Natural Monopolies, 166

SS.912.E.2.Pa.g Recognize that the cost of items can increase. Costs of Production, 116–122, Inflation, 342–348

SS.912.E.2.Pa.h Recognize a tax, such as sales tax.What Are Taxes, 363–368, Federal Taxes, 369–374, State Tax Revenue, 383–384, Local Government Spending and Revenue, 385–386

SS.912.E.2.Pa.i Recognize that the government spends money.Providing Public Goods, 62–67, Providing a Safety Net, 68–72, Federal Spending, 375–380, State and Local Taxes and Spending, 381–388

SS.912.E.2.Pa.j Recognize that the government controls money.

Providing Public Goods, 62–67, Providing a Safety Net, 68–72, Federal Spending, 375–380, State and Local Taxes and Spending, 381–388, Visual Glossary: What is Monetary Policy, 420, Monetary Policy Tools, 429–434

SS.912.E.2.Pa.k Recognize a positive or negative side effect (externality) of producing goods.

Providing Public Goods, 62–67, Costs of Production, 116–122

SS.912.E.2.Pa.l Recognize that money moves from buyer to seller. Money, 249–255, Visual Glossary: What is Money, 250

SS.912.E.2.Su.a Recognize a broad economic goal, such as full employment.

Answering the Three Economic Questions, 23–28, Economic Freedom, 44, Full Employment, 340–341

SS.912.E.2.Su.bRecognize a public policy issue that affects the student’s community and a possible consequence, such as planning for new houses.

Case Study, 16, 42, 60, 93, 127, 150, 169, 210, 223, 262, 281, 329, 352, 371, 402, 432, 466, 490, Economic Simulations, 17, 38, 53, 95, 120, 142, 181, 192, 240, 251, 294, 317, 345, 382, 396, 430, 464, 491

SS.912.E.2.Su.c

Identify contributions of an entrepreneur, inventor, and other key individual from various gender, social, and ethnic backgrounds in the development of the United States.

Entrepreneurs, 4–7, 162, 167–168, 192, Innovators, 15, 30, 53, 95, 114, 146, 167, 211, 237, 260, 298, 328, 340, 376, 406, 436, 452, 499

SS.912.E.2.Su.dRecognize examples of government wage and price controls, such as minimum wage and rent control.

Price Ceiling, 137–138, Price Floors, 139–140

SS.912.E.2.Su.eRecognize that investment in factories, machinery, technology, or people can impact productivity.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Production Possibilities Curve, 13–19, Costs of Production, 116–122

SS.912.E.2.Su.f Recognize examples of a natural monopoly, such as electricity and water. Natural Monopolies, 166

SS.912.E.2.Su.g Recognize a common impact of inflation on society.

Inflation, 342–348, Monetary Policy and Inflation, 439–440

SS.912.E.2.Su.h Recognize different types of taxes, such as income, sales, and social security.

Sales Tax, 366–367, 368, 383, 385, Individual Income Taxes, 369–372, Corporate Income Tax, 372, Social Security, Medicare, and Unemployment Tax, 372–373, Other Types of Taxes, 373–374

SS.912.E.2.Su.i Recognize that government spending and taxation affects the economy.

Federal Taxes, 369–374, Federal Spending, 375–380, Understanding Fiscal Policy, 391–398; Fiscal Policy Options, 399–407, Budget Deficits and the National Debt, 408–415

SS.912.E.2.Su.j Recognize a function of the Federal Reserve System, such as to control interest rates.


SS.912.E.2.Su.kIdentify an example of the economic impact of a positive and negative side effect (externality) on the environment.


SS.912.E.2.Su.lRecognize the movement of money in a local economy, including the individual and household, businesses, banks, and government.

Circular Flow Model of a Market Economy, 31, Circular Flow Model of a Mixed Economy, 40, Chapter Assessment, 46, Money, 249–255

SS.912.E.3.In.aIdentify the impact of inflation on world economies, such as oil prices and the Great Depression.

Inflation, 342–348, Issues in Globalization, 503–504

SS.912.E.3.In.b

Identify economic advantages a country may have when trading with another country, such as abundant natural resources and a cheap labor force.

Absolute and Comparative Advantage, 447–454

SS.912.E.3.In.c Identify examples of barriers to trade, such as quotas and tariffs.

Trade Barriers and Agreements, 455–462, Chapter Assessment, 472

SS.912.E.3.In.dIdentify an example of the economic impact of positive and negative side effects (externalities) on the international environment.


SS.912.E.3.In.eIdentify differences in the economies of the United States and another country, such as the standard of living and productivity.

The World Economy, 474–479, Levels of Development, 481–486, Issues in Development, 487–494, Economies in Transition, 495–500, Challenges of Globalization, 501–509

SS.912.E.3.In.fIdentify that economics involves the study of how people and countries make decisions about the use of scarce resources in the most efficient way.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Absolute and Comparative Advantage, 447–454

SS.912.E.3.Pa.a Recognize that costs of goods and services change over time.

Costs of Production, 116–122, Changes in Supply, 123–128, Changes in Market Equilibrium, 141–147, The Role of Prices, 148–154, Inflation, 343–348

SS.912.E.3.Pa.b Recognize the advantage of a trade. Absolute and Comparative Advantage, 447–454

SS.912.E.3.Pa.c Recognize a disadvantage (barrier) of a trade. Trade Barriers and Agreements, 455–462, Chapter Assessment, 472

SS.912.E.3.Pa.dRecognize a positive or negative side effect (externality) of producing goods in the international environment.


SS.912.E.3.Pa.e Recognize an economic characteristic of daily living, such as the cost of housing.

Economics & You, 9, 43, 69, 88, 124, 153, 176, 194, 233, 261, 295, 326, 347, 384, 405, 427, 465, 498, Personal Finance Handbook, PF2–PF47

SS.912.E.3.Pa.f Recognize that people study the economy.

Jean-Baptiste Say, 5, Self-Interest, 33, Adam Smith, 33, Classical Economics, 399–400, Keynesian Economics, 400–404, Supply-Side Economics, 404–405, George Gilder, 406, Fiscal Policy in American History, 405–407, Milton Friedman, 436, How the Economy Works, 4, 26, 64, 100, 118, 144, 182, 240, 266, 286, 318, 336, 378, 412, 438, 450, 484, Economics & You, 9, 43, 69, 88, 124, 153, 176, 194, 233, 261, 295, 326, 347, 384, 405, 427, 465, 498

SS.912.E.3.Su.a Recognize an impact of inflation on the economy, such as oil prices. Inflation, 342–348

SS.912.E.3.Su.bRecognize examples of economic advantages a country may have when trading with another country, such as abundant natural resources.

Absolute and Comparative Advantage, 447–454

SS.912.E.3.Su.c Recognize a barrier to trade, such as quotas and tariffs.

Trade Barriers and Agreements, 455–462, Chapter Assessment, 472

SS.912.E.3.Su.dRecognize an example of the economic impact of a positive and negative side effect (externality) on the international environment.


SS.912.E.3.Su.e Recognize a characteristic of another country’s economy, such as the standard of living.

Measuring Trade, 463–471, The World Economy, 474–479, Levels of Development, 481–486, Issues in Development, 487–494, Economies in Transition, 495–500

SS.912.E.3.Su.f

Recognize that economics involves the study of how people and countries make decisions about the use of scarce resources in the most efficient way.

Scarcity and the Factors of Production, 3–7, Opportunity Cost, 8–12, Absolute and Comparative Advantage, 447–454