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Mrs. Melissa Gillespie



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Civics & Economics Objectives & Vocabulary

Competency Goal 1:       The learner will investigate the foundations of the American political system and explore basic values and principles of American democracy.

Objective 1.01:

Describe how geographic diversity influenced economic, social and political life in colonial North America.

Major Concepts

Terms

Regional divisions in the colonies

 

Economic growth

 

Colonial social structure

 

Political/Governmental structure

 

Ethnic and Religious Diversity

 

 

New England                               Middle Colonies

Southern Colonies                      Jamestown

Plantation system                        Mercantilism

Indentured servants                   Slavery

Middle Passage                            Triangular Trade Route

Pilgrims                                                Puritans

Quakers                                       Catholics

American Indian                           Religious dissenters

Bacon’s Rebellion                          Town meetings

Joint-stock/ Proprietary/Royal/

    Self-Governing Colonies

Salem Witch Trials

 

Objective 1.02:

Trace and analyze the development of ideas about self-government in British North America.

Major Concepts

Terms

Colonial traditions of self-government

 

Ideas of the Enlightenment

 

The seeds of rebellion

 

Majority Rule

 

Separation of Church and State

 

Magna Carta/Great Charter            Parliament

Common Law                                    Mayflower Compact

House of Burgesses                         Town meetings

Social Contract theory                     Natural rights

Common good/Civic virtue                 Classical republicanism

1st/2nd Continental Congress             Fundamental Orders of

                                                                 Connecticut

English Bill of Rights                       Limited Government

Republic

Objective 1.03:

Examine the causes of the American Revolution.

Major Concepts

Terms

Discontent with foreign rule

 

Mercantilism

 

Tradition of self-government

 

Preservation of civil liberties

 

No Taxation without representation

Favorable Balance of Trade                        French and Indian War           Writs of assistance

Proclamation of 1763                                  Quartering Act                        Stamp Act/Stamp Act Congress                                                     Declaratory Act                       Albany Plan of Union

Sons of Liberty                                           Boston Massacre                     

Committees of   Correspondence                 John Peter Zenger

 “Shot heard around the world”

Boston Tea Party                                         Intolerable Acts/Coercive Acts

Declaration of Independence                       Thomas Paine’s Common Sense

Salutary neglect                                           Navigation Acts

 

Objective 1.04:

Elaborate on the emergence of an American identity.

Major Concepts

Terms

Emphasis on education

 

Separation of church and state

Institution of slavery

Religious pluralism

Development of Egalitarianism

Consent of the Governed

Public schooling                                           Slave trade                                1st Great Awakening

Suffrage                                                     Nationalism                                Land ownership

 

 

 

 

 

 

 

 

Objective 1.05:

Identify the major domestic problems of the nation under the Articles of Confederation and assess the extent to which they were resolved by the new Constitution.

Major Concepts

Terms

Characteristics of the Articles of Confederation

 

Organization and governance of new lands

 

Internal rebellion

 

Role of the central government

Land Ordinance, 1785                                Northwest Ordinance of 1787

Treaty of Paris, 1783                                 Shays Rebellion

Bill of Rights                                              The Virginia Plan

The New Jersey Plan                                  The Great Compromise Connecticut Plan

The three/fifths Compromise                      The Commerce and Slave Trade Compromise

The Electoral College

 

 

Objective 1.06:

Compare viewpoints about government in the Federalist and the Anti-Federalist Papers.

Major Concepts

Terms

Protection of individual rights

 

States rights vs. strong centralized government

 

Ratification of the Constitution

 

Federalists                                                  Anti-federalists

Loose Interpretation                                    Strict Interpretation

Federalism                                                    Separation of Powers

Checks and Balances                                      Republicanism

The Judiciary                                                The Executive Branch

Factions                                                         Bill of Rights

 

 

 

 

 

 

 

 

Objective 1.07:

Evaluate the extent to which the Bill of Rights extended the Constitution.

Major Concepts

Terms

Compromise and adoption of Constitution

 

Scope and Limits of the Bill of Rights

 

Guarantees of Personal Liberties

 

 

Free Exercise Clause                                                    Establishment Clause

Freedoms of expression, assembly, petition, religion

Right to bear arms                                                        Quartering

Search & Seizure                                                          Eminent Domain

Due Process                                                                   Double Jeopardy

Self incrimination                                                          Rights of the accused

Speedy and public trial                                                  Trial by jury

Fines and punishments                                                   Powers of states

Powers of people

 

 

Objective 1.08:

Compare the American system of government to other forms of government.

Major Concepts

Terms

Forms of governments

 

American system of government

 

 

 

Anarchy                                                           Autocracy

Theocracy                                                        Oligarchy

Limited/Absolute Monarchy                             Totalitarianism

Dictatorship                                                     Aristocracy

Democracy                                                        Federalism

Republicanism


 

 

Competency Goal 2:       The learner will analyze how the government established by the United States Constitution embodies the purposes, values, and principles of American Democracy.

Objective 2.01:

Identify principles in the United States Constitution.

Major Concepts

Terms

Popular Sovereignty

Federalism 

Separation of Powers

Checks & Balances

Limited Government

Flexibility

 

 

Preamble                                                   Elastic Clause (Necessary and Proper Clause)

Implied Powers                                          Full Faith and Credit Clause

Legislative Branch                                      Executive Branch

Judicial Branch                                          Enumerated Powers

Expressed Powers                                                  Delegated Powers

Reserved Powers                                         Concurrent Powers

Supremacy Clause                                       

Objective 2.02:

Explain how the United States Constitution defines the framework, organization and structure of the three branches of government at the national level.

Major Concepts

Terms

Legislative Branch

 

Executive Branch

 

Judicial Branch

Speaker of the House                 President Pro Tempore          President of the Senate

House of Representatives           Senate                                   Bill/Law

The Committee System                Cloture                                  Filibuster

Apportionment                             Non-legislative Powers           Immunity

Censure                                        Expulsion                               Seniority System

Majority & Minority Leaders         Party Whips                          Impeachment

Presidential Succession                State of the Union Address

Veto Power                                 Executive Agreement               Commander-in-Chief

Chief Diplomat                            Chief Executive                        Party Leader

Legislative Leader                       Head-of-State                         Economic Leader

Executive Orders                        Treaty                                      U.S. Supreme Court

Chief Justice                               Associate Justices                   Original Jurisdiction

Appellate Jurisdiction                 Concurrent Jurisdiction            Exclusive Jurisdiction

 

Objective 2.03:

Explain how the United States Constitution grants and limits the authority of public officials and government agencies.

Major Concepts

Terms

Limited Power

 

Enumerated Power

 

National Supremacy

 

Impeachment                              Pardons                                  Commutations

Reprieve                                     Writ of Habeas Corpus         Bill of Attainder

Ex post facto laws                       Title of Nobility                    Rule of Law

Judicial Review                            Veto Power                            Supremacy Clause

Articles 1, 2, & 3

 

Objective 2.04:

Describe how the United States Constitution may be changed and analyze the impact of specific changes.

Major Concepts

Terms

Amending the Constitution

Constitutional Convention                         Congressional action

Executive Order                                       Judicial Decisions and Review

Customs/Traditions                                  Amendments 1 – 27

Equal protection                                        Due Process

Citizenship                                                 Suffrage

Presidential Succession and Term Limits (22nd and 25th amendments)

 

 

Objective 2.05:

Analyze court cases that illustrate that the United States Constitution is the supreme law of the land.

Major Concepts

Terms

 

Judicial review

 

Elastic clause

Marbury v. Madison 1803

McCulloch v. Maryland 1819

Gibbons v. Ogden 1824

Plessy v. Ferguson 1896

Brown v. Board of Education 1954

Swann v. Charlotte-Mecklenburg Board of Education 1969

Korematsu vs. US 1944

Heart of Atlanta Motel, Inc. v. United States 1964

 

Objective 2.06:

Analyze court cases that demonstrate how the United States Constitution and the Bill of Rights protect the rights of individuals.

Major Concepts

Terms

Individual Rights of Citizens

 

Furman v. Georgia, 1972                                       Gregg v. Georgia, 1976

Gideon V. Wainwright, 1963             

Regents of the University of California vs. Bakke, 1978

New Jersey vs. T.L.O., 1985                                  Bethel School District vs. Frasier, 1986

Tinker v. Des Moines, 1969                                    Hazelwood v. Kuhlmeier, 1988

Texas v. Johnson, 1989                                          Engel v. Vitale, 1962

Miranda v. Arizona, 1966                                        Mapp v. Ohio, 1961

 

Objective 2.07:

Identify modern controversies related to the powers of the federal government that are similar to the debates between Federalists and Anti-Federalists over ratification of the United States Constitution.

Major Concepts

Terms

Strict versus loose constructionist views of the Constitution

States Rights

Electoral College and process

Civil and Personal Liberties

Term limits for government officials                       Redistricting

Interest Groups                                                       Majority rule/Minority rights

Homeland Security                                                  Patriot Act

Right to bear arms                                                  Separation of church and state

 


 

 

Objective 2.08:

Examine taxation and other revenue sources at the national level of government.

Major Concepts

Terms

Sources of government revenue

 

Government expenditures

Fiscal policy                         Expenditure                                Revenue

Regressive taxation              Progressive taxation                   Proportional taxation

Income tax                           Excise tax                                  Corporate tax

Direct Tax                            Estate tax                                  User fees

Tariffs                                  Social Security                           National budget

Budget deficit/Surplus          National debt                              Deficit spending

Tax returns                            Fines                                          Bonds

Balanced budget

 

 

Objective 2.09:

Describe the services provided by selected government agencies and how funding is provided.

Major Concepts

Terms

National security

Transportation

Conservation of natural resources

Immigration and naturalization

Crime control and drug interdiction

 

Health and human services

 

Information Gathering & Policy Formation

Federal Bureau of Investigation (FBI)          Central Intelligence Agency (CIA)

Department of Homeland Security              Internal Revenue Service (IRS)

Department of Transportation (DOT)                       National Transportation Safety Board

U. S. Citizenship and Immigration Services    Drug Enforcement Agency (DEA)

Alcohol Tobacco and Firearms (ATF)

Federal Emergency Management Administration (FEMA)

Medicare/Medicaid

Center for Disease Control (CDC)

Census

 

 

Objective 3.01:

Identify the principles in the North Carolina Constitution and local charters.

Major Concepts

Terms

State Constitutions

 

Principles of N. C. State Government

 

Local charters (City & County)

 

Preamble to N. C. Constitution

Separation of Powers

Checks and Balances

Flexibility/Amendment Process

Popular sovereignty

Limited government

Incorporation

Declaration of Rights

Objective 3.02:

Explain how the N. C. Constitution and local charters define the framework, organization, and structure of government at the state and local level.

Major Concepts

Terms

Organization and structure of state and local government

 

The N. C. General Assembly

 

Governor and the State Administration

 

 

Council of State                                                              Governor

Lieutenant Governor                                                        General Assembly Officials & Committees

Types of local government:   

  • County
  • City
  • Special Districts
  • Townships
  • Metropolis

Mayor                                                                               Mayor-council plan

City or Town Council                                                         Council Manager plan

County Commissioners                                                       Sheriff

Chief of police                                                                   Statutes

Ordinances                                                                        Board of Education

Alderman                                                                          

 

 

Objective 3.03:

Explain how the state constitution grants and limits the authority of public officials and government agencies.

Major Concepts

Terms

State Agencies and how they function

 

Authority of public officials

 

 

State Agencies                                               Health Department

Parks and Recreation Department                   Transportation Department

Register Deeds                                               Governor

Lieutenant Governor                                        Sheriffs

Judges

 

Objective 3.04:

Describe how the state constitution and local charters may be changed, and analyze the impact of specific changes.

Major Concepts

Terms

Amending the N. C. Constitution

 

Reform in state and local government

 

Referendum

Local Act

Objective 3.05:

Analyze court cases that illustrate that the N. C. Constitution is the law of the state.

Major Concepts

Terms

N. C. Supreme Court

 

 

State v Mann, 1830

The Leandro Case




 

 

 

 

 

Objective 3.06:

Analyze how the Fourteenth Amendment extends the Bill of Rights’ protection to citizens of a state.

 

Major Concepts

Terms

 

Equal protection under the law

 

Individual Rights

 

Citizenship

Civil rights

Voting rights

Women’s rights

 

Objective 3.07:

Identify modern controversies related to powers of the state government.

 

Major Concepts

Terms

 

Education

Taxes/Resources/Services

Terrorism/Security

Political Integrity

 

Annexation                                                Lottery

Disaster relief                                          Balanced budget

Charter Schools                                        Redistricting

Political Corruption                                    School busing

Gerrymandering

 

 

Objective 3.08:

Examine taxation and other revenue sources at the state and local level.

 

Major Concepts

Terms

 

Financing State and Local Government

Types of State and Local Taxes

Non-Tax Sources of State Revenue

State Budget Process

State and Local Spending

 

State income tax                                           Corporate income tax

Sales tax                                                      Excise taxes

Inheritance taxes                                         Licenses

Federal Grants in Aid                                    Property tax

Estate tax                                                     Fines

Intergovernmental Revenue                           User fees

Disposal fees                                                 Permits

Assessments                                                  Finances

Budgets                                                         Impact fees

State & Municipal Bonds

 

 

 

 

Objective 3.09:

Describe the services provided by state and local government agencies and how funding is provided.

 

Major Concepts

Terms

 

State Agencies

 

Local Agencies

 

 

 

 

 

 

Community colleges                                               Cooperative extension

Court facilities                                                      Elections

Jails/Youth Detention Centers                              Mental Health services

Public Health services                                             Public Schools

Social services                                                        Soil & Water conservation

Tax assessment                                                      Airports

Ambulance services                                                 Art galleries & museums

Buses/public transit                                               Emergency management

Parks & Recreation                                                 Libraries

Public housing                                                         Public utilities

 

 

Objective 4.01:

Examine the structure and organization of political parties.

 

Major Concepts

Terms

 

Functions of Parties

 

Types of Party Systems

 

 

Political Party

  • Democratic
  • Republican
  • Third parties (minor)

One-party system                                                  Two-party system

Multi-party system                                    Liberal

Moderate                                                   Conservative

Reactionary                                                Radical

Platform                                                     Planks

Candidates                                                  Plurality Vote

Majority Vote                                            Coalitions

Patronage                                                   Political machine

Grassroots                                                 

 

 

Objective 4.02:

Describe the election process and the qualifications and procedures for voting.

Major Concepts

Terms

Types of Elections

 

Campaign Finances

 

Campaign Process

 

Election Process

General Election                           Primary Election                        Partisan/Nonpartisan

Caucus                                          Political Action Committee (PAC)

Public & Private Funding                Canvassing                                Endorsements

Propaganda

  • Glittering Generalities
  • Bandwagon
  • Stack Cards
  • Name Calling
  • “Just Plain Folks”
  • Image Molding

Voter registration                           Voting Districts                       Polling place

Precinct                                           Types of Ballots                       Board of Elections

Exit poll                                            National Convention                 Recall Election

Initiative                                          Proposition                               Electors

Electoral College                              Nominations                              Political Machine

Delegates

 





Objective 4.03:

Analyze information on political issues and candidates seeking political office.

Major Concepts

Terms

Public Opinion

 

Public Issues

 

 

Mass media

Polls

Public Agenda

Party Platform

 

 

 

Objective 4.04:

Demonstrate active methods of promoting and inhibiting change through political action.

Major Concepts

Terms

Forming public opinion

 

Citizen Activism

 

 

 

 

 

 

 

 

 

 

Vote                                                    Protest                              Bias

Slander                                               Libel                                  Petitions

Surveys                                               Random samples                 Activists

Lobbyist                                              Apathy

 

Objective 4.05:

Analyze consequences of compliance or noncompliance with laws governing society.

Major Concepts

Terms

Benefits and Risks of Compliance

 

Civil Disobedience

 

 

 

 

 

Public Safety                                        Domestic Tranquility                Criminal law

Prosecution                                           Fines                                        Civil law

Lawsuits                                               Penal Code

Mandatory sentencing                           Anarchy

 

Objective 4.06:

Describe the benefits of civic participation.

Major Concepts

Terms

Responsibilities and Duties of Citizenship

 

Volunteerism

 

Acquiring Real World Experience

Patriotism

Public service

Peace Corps

AmeriCorps

Job Corps

Senior Corps

 

Objective 4.07:

Analyze costs and benefits of jury service, voting, seeking office, and civic action at the local, state, and national level.

Major Concepts

Terms

Participation in the Judicial Process

Participation in the Political Process

Benefits and Costs of Public Service

Informed Electorate

Rights

Objective 4.08:

Participate in civic life, politics, and/or government.

Major Concepts

Terms

Civic Involvement

 

 

Mock elections

Moot courts

Community service

Service learning

Objective 4.09:

Utilize various methods of resolving conflicts.

Major Concepts

Terms

Resolving Conflict

Collaboration

Compromise

 

Negotiation                                  Arbitration                                  Mediation

Pre-hearing settlement                Small Claims Court                        Legal Action

 

 

Objective 5.01:

Evaluate the role of debate, consensus, compromise, and negotiation in resolving conflicts.

Major Concepts

Terms

Conflict Resolution

Consensus Building

Debate

Negotiation

Compromise

 

Objective 5.02:

Identify the jurisdiction of state and federal courts.

Major Concepts

Terms

Types of jurisdictions

 

Type of courts

 

Appellate                               Exclusive                              Concurrent

Original

Federal Courts

  • District Courts
  • U.S. Courts of Appeal
  • U.S. Supreme Court
  • Special Court

State Courts

  • Lower Courts
  • General Trial Courts
  • Intermediate Appellate Courts
  • State Supreme Court

 

Objective 5.03:

Describe the adversarial nature of the judicial process.

Major Concepts

Terms

Selection of Federal Judges

 

Selection of State Judges

 

Judicial Process

 

Courtroom Roles

 

The Jury System

Confirmation Process                                 Judicial Review                        Writ of Certiorari

Brief                                                           Oral argument                             Majority Opinion

Dissenting Opinion                                      Concurrent Opinion                      Felony

Misdemeanor                                              Torts                                           Court Docket

Issue of Fact                                              Issue of Law                               Prosecutor

Complaint                                                    Defendant                                   Plaintiff

Subpoena                                                    Summons                                     Arrest Warrant

Indictment                                                 Information                                 Perjury

Petit Jury                                                  Grand Jury                                   Plea

Plea Bargaining                                           Bail                                              Sentence

Rights of victims                                        Public Defender                           Prosecution

Sentencing                                                 Hearing                                        Bailiff

Defendant                                                  Verdict                                        Settlement

Capital offense                                          Appeal                                          Warrants

Objective 5.04:

Evaluate the role of debate and compromise in the legislative process.

Major Concepts

Terms

Committee system

 

Veto process

 

How a Bill Becomes a Law

 

Proposition                                         Bill                                        Standing Committee

Seniority System                               House Rules Committee         Joint Committee

Conference Committee                       Public Hearing                       Act

Law                                                     Veto                                      Line item veto

Pocket veto                                        Filibuster                               Cloture

Rider


 

Objective 5.05:

Explain how local government agencies balance interest and resolve conflicts.

Major Concepts

Terms

Interaction between city and county government

 

Citizen Input on Public Policy

Town meetings                                  Public hearings                                         Forums

Budget                                              Extra Territorial Jurisdiction (ETJ)

At-large                                           Zoning

Annexation                                       Infrastructure

 

Objective 5.06:

Analyze roles of individual citizens, political parties, the media, and other interest groups in public policy decisions, dispute resolution, and government action.

Major Concepts

Terms

Local Initiatives

Local Referendums

Recall

 

Tuition voucher                                Charter schools                                   Petition

Bond issues                                      Public policy                                        Special interest groups

Electronic media                              Voting

 

Objective 6.01:

Trace the development of law in American Society.

 

Major Concepts

Terms

 

Philosophy of law

 

Landmark English Documents

 

The development of rule of law in the United States

 

Legal code                                           Moral code                               Codes of Hammurabi

Ten Commandments                             Justinian Codes                        Draconian Laws

House of Burgesses                             Magna Carta                             English Bill of Rights

Social contract                                    British common law                   Mayflower Compact

The Iroquois Nation’s Constitution                   Declaration of Independence

The U. S. Constitution

 

 

Objective 6.02:

Cite examples of common, criminal, civil, constitutional, administrative, and statutory law.

 

Major Concepts

Terms

 

Types of laws

 

 

Common law             Criminal law            Civil law         Constitutional law

Administrative law          Statutory law         International law

 

Objective 6.03:

Identify the various procedures in the enactment, implementation, and enforcement of law.

 

Major Concepts

Terms

 

Implementation of law

Regulatory Commissions

Independent Agencies

Enforcement of law

 

Consumer Protection                                   Transportation Regulation

Department of Justice                               Federal Bureau of Investigation (FBI)

State Bureau of Investigation (SBI)           Secret Service

National Guard Reserves

 

Objective 6.04:

Identify ways citizens can be informed about laws.

Major Concepts

Terms

Informed Citizenry

 

“Ignorance of the law is no excuse.”

 

 

Town meetings

Public hearings

Public forums

Media

Objective 6.05:

Investigate the role and responsibility of government to inform the citizenry.

Major Concepts

Terms

Informing citizens

 

Utilizing Government Publications & Websites

 

 

Political debates

Special task forces

Franking privilege

Press releases


 

Objective 6.06:

Analyze the role of lobby groups and special interest groups in the enactment of legislation.

Major Concepts

Terms

Organizing for Influence

 

Interest Groups

 

Lobbying

 

Think Tanks

 

 

 

Economic Interest

  • Business
  • Labor groups
  • Agricultural groups
  • Professional groups

Non-economic Interest

  • Public Interest
  • Single-Issue Interest
  • Ideological

 

Chamber of Commerce

Objective 6.07:

Compare responsibilities, jurisdictions, and methods of law enforcement agencies.

Major Concepts

Terms

Role of Law Enforcement Agencies

 

 

Local Law Enforcement

State Law Enforcement

Federal Law Enforcement

Sheriff

Police

State Troopers

 

Objective 6.08:

Evaluate methods used by society to address criminal and anti-social behaviors.

Major Concepts

Terms

 

Types of Punishment

 

Repetitive Criminal Activity

 

Deviant Behavior

 

 

Long-term suspension                               Three-Strikes laws

Confiscation of Property                          Mental Institutions

Long-term Incarceration                          Death Penalty

Rehabilitation                                            Monetary Compensation

Recidivism                                                 Retribution

Restitution                                                Deterrence

Detention                                                  Probation

Parole                                                        Juvenile detention

Community service                                     House arrest

Jail                                                            Prison

Boot camp                                                  Compensation

Rehabilitation                                            Incarceration

 

 

Objective 7.01:

Describe the basic factors of production such as land, labor, capital, and entrepreneurial skills and their impact on economic activities.

 

Major Concepts

Terms

 

Four Factors of Production

 

Efficient use of production

 

Basic Economic Questions

 

Economics                                                       Want

Need                                                               Land

Renewable natural resource                             Nonrenewable natural resources

Labor                                                              Capital

Entrepreneurship                                            Productivity

 

 

Objective 7.02:

Explain how scarcity influences producers and consumers to make choices.

 

Major Concepts

Terms

 

Scarcity

 

Decision Making Process

Limited resources

Decision-making model

Wants

Needs

Services

Goods

Wages

Salary

Consumer

Producer

Pricing

 

 

 

 

 

 

Objective 7.03:

Compare examples of tradeoffs and opportunity costs of economic choices.

 

Major Concepts

Terms

 

Wants versus Needs

 

Tradeoffs

 

Opportunity Costs

 

 

 

 

 

 

 

 

 

 

 

 

Immediate gratification

Incentives

Fixed costs

Variable costs

Total costs

Marginal costs

 

Objective 7.04:

Analyze the impact on economic activities of specialization, division of labor, consumption and production increases.

 

Major Concepts

Terms

 

Specialization

 

Division of Labor

 

Consumption

 

Production

Assembly line

Technologies

Robotics

Invention

Innovation

Mass production

Factory

Agribusiness

Business organizations Specialization

Human capital

Productivity

White collar

Blue collar

Skilled workers

Unskilled workers

Automation

 

 

Objective 7.05:

Explain the impact of investment on human, capital, productive, and natural resources.

 

Major Concepts

Terms

 

Productivity

 

Investment

 

Capital Goods

Consumer Goods

Producer Price Index (PPI)

Output versus Input

Law of Diminishing Return

Recycling

Education and training

 

Objective 7.06:

Compare and contrast how different economic systems address key economic factors.

 

Major Concepts

Terms

 

Free Enterprise

 

Capitalism

 

Socialism

 

Communism – Command

 

Traditional Society

 

Market Economy

 

Mixed Economy

 

Market

Laissez-faire

Invisible hand

Competition

Cooperation

Choices

Consumer sovereignty

Private property

Profit motive

Exchange

Incentives

Communist Manifesto

Wealth of Nations

The Keynesian Theory

Fiscal Policy

Deficit Spending

 

Objective 8.01:

Compare characteristics of command, market, traditional, and mixed economies.

 

Major Concepts

Terms

 

What to Produce

 

How to Produce It

 

For Whom to Produce It

 

 

Market economy

Mixed Market economy

Command economy

Mixed economy

Traditional economy

 

 

Objective 8.02:

Describe how the free enterprise system encourages private ownership of property and promote individual initiative.

 

Major Concepts

Terms

 

Mixed Market Economy

 

Economic Goals of the Free Enterprise System

Private property

Voluntary exchange

Patents

Copyrights

Full employment

Efficiency

Productivity

Specialization

Division of Labor

Security

Equity

Freedom

 

 

 

Objective 8.03:

Explain the circular flow of economic activities and how interactions determine the prices of goods and services.

 

Major Concepts

Terms

 

Factor market (household)

 

Product market (business)

Circular flow of economic activity                    Wages

Salary                                                               Economic interdependence

 

Objective 8.04:

Illustrate how supply and demand affects prices.

 

Major Concepts

Terms

 

Law of demand

Law of supply

Law of supply and demand

Equilibrium Price/Market Price

Influences on Supply and Demand

 

Demand curve/schedule

Supply curve/schedule

Personal income

Disposal income

Complimentary goods

Substitute good

 

 

 

Objective 8.05:

Predict how prices change when there is either a shortage or surplus.

 

Major Concepts

Terms

 

Influences on prices

 

 

 

 

Surplus                                                   Shortage

Consumer Tastes                                    Minimum wage

Inflation                                                 Deflation

Wage and price control                           Interest rates

Trickle-down effect                                Supply side economics

 

 

Objective 8.06:

Explain how changes in the level of competition can affect price and output levels.

 

Major Concepts

Terms

 

Market Basics

 

buyers and sellers                                   Monopoly

Oligopoly                                                 Competitive market

Mergers                                                  Horizontal merger

Vertical merger                                      Conglomerates

Multinational Conglomerates  

 







 

Objective 8.07:

Identify and describe the roles and functions of various economic institutions and business organizations.

Major Concepts

Terms

Types of Business

 

Organized Labor

Sole proprietorship                                               Partnership

Corporation                                                           Cooperative

Franchise                                                               Limited liability

Unlimited liability                                                  Limited life

Unlimited life                                                         Small Business Administration (SBA)

Stock                                                                     Stock market

Dividend                                                                 Bond

Craft Union                                                            Industrial Union

Collective bargaining                                               Mediation

Arbitration                                                             Lockout

Strike                                                                      Social Security Act of 1935

National Labor Relations Act, 1935                         Fair Labor Standards Act, 1938

Taft-Hartley Act,1947                                            Anti-trust Laws

Labor Union

Objective 8.08:

Evaluate the investment decisions made by individuals, businesses, and the government.

 

Major Concepts

Terms

Fiscal Policy

 

Monetary Policy

 

Banking System

 

Types of Insurance

 

 

 

 

 

Time deposit                                                             Demand deposit

Credit cards                                                             Debit cards

Mutual Funds                                                             Commercial Bank

Savings & Loan Associations                                       Credit Unions

Federal Deposit Insurance Commission (FDIC)           Investment spending

Capital investment                                                      Life

Medical                                                                      Comprehension

Liability                                                                      tight money

Easy money

 

 

Objective 8.09:

Describe the role of money in trading, borrowing, and investing.

 

Major Concepts

Terms

Types of money

 

Function of money

 

 

Collateral                                                     Money

Barter                                                          Coins

Currency                                                       Check

Legal tender                                                 Credit

Reserve requirement                                    Medium of exchange

Pension funds                                                Mutual funds

Objective 9.01:

Identify phases of the business cycle and the economic indicators used to measure economic activities and trends.

 

Major Concepts

Terms

Business Cycle

 

Economic Indicators

 

 

 

 

 

Peak/Prosperity Contraction/Recession Trough/Depression Expansion/Recovery

Gross Domestic Product (GDP)

Per Capita GDP

Standard of living

Consumer Price Index (CPI)

 National Debt

Objective 9.02: 

Describe the impact of government regulation on specific economic activities.

 

Major Concepts

Terms

Government Regulations

 

 

Deregulation

Environmental protection

Work place safety

Consumer protection

Labor disputes

Affirmative Action

 

 

Objective 9.03: 

Explain the impact of the movement of human and capital resources on the United States economy.

 

Major Concepts

Terms

Population shifts

 

Sunbelt states

 

Frost belt or Rustbelt states

 

Service Society

 

 

 

Migration

Immigration

Service industries

Silicon Valley

Research Triangle Park

 

 

Objective 9.04: 

Assess how current events impact decisions made by consumers, producers, and government policy makers.

Major Concepts

Terms

Technological Advances

 

War and Homeland Security

 

Downsizing

 

 

 

 

 

Microsoft Anti-trust Case

Operation Iraqi Freedom

Homeland Security Department

Patriot Act

Out-sourcing

N. C.’s Furniture Industry

N. C.’s Textile Industry





 

 

Objective 9.05: 

Explain the impact on the United States economy of international trade and global products.

 

Major Concepts

Terms

 

Global interdependence

 

Protective tariffs

 

International Economic Organizations

 

 

 

Tariffs                                                                             Foreign trade

Exchange rate                                                                   Treaty

Multinational conglomerate                                                 Globalization

North American Free Trade Agreement (NAFTA)             World Trade Organization (WTO)

European Union (EU)                                                          Unfavorable Balanced Trade

Favorable Balance of Trade                                                Comparative advantage

Child labor                                                                          Human rights

 

 

Objective 9.06: 

Investigate the ways that domestic and international economies are interdependent.

 

 

Major Concepts

Terms

 

Global Interdependency and International Trade

 

 

Developed countries                                                Developing countries

Foreign aid                                                              United Nations

International Monetary Fund (IMF)                        World Bank

Free Trade 

 

Objective 9.07:

Analyze the short- and long-term effects of fiscal and monetary policy on the United States economy.

 

Major Concepts

Terms

 

Federal Reserve System (FED)

 

Spending and taxation

 

 

 

Monetary policy                                                    Fiscal policy

Loose (Easy) money policy                                     Tight money policy

Reserve requirement                                             Discount Rate

Interest rates                                                      Open Market Operations

Government spending                                            Revenue

Taxation                                                               Personal Income Tax

Excise tax                                                            Regressive tax

Progressive tax                                                    Proportional Tax

Sales Tax  

 

Objective 9.08: 

Analyze the influence of environmental factors, economic conditions, and policy decisions on individual economic activities.

 

 

Major Concepts

Terms

 

Environmental protection and conflict with industry

 

Personal decision making related to economic conditions

 

Government regulation and its impact on the individual

 

Federal ownership of land vs. private ownership across the country

 

Zoning and its impact on economic development and neighborhood standards

 

Scarcity                                                            Depression

Inflation                                                           Recession

Bear and bull markets                                      Radioactive waste disposal

NIMBY (Not In My Back Yard)                        Clean Air and Water Act

OPEC Oil Embargo                                            Cuban Economic Embargo

Zoning laws                                                       Building codes

 

Objective 10.01

Explain the distinction between personal and civic responsibilities and the tensions that may arise between them.

 

 

Major Concepts

Terms

 

Civic Responsibilities

 

Personal Responsibilities

 

Legal responsibilities vs. moral responsibilities

 

 

Voting                                                             Paying taxes

Fiscal responsibility                                        Community activism

Volunteerism                                                   Obeying the laws

Speaking to issues                                           Compromise

Cooperation                                                     Collaboration

Objective 10.02:

Develop, defend, and evaluate positions on issues regarding diversity in American life.

Major Concepts

Terms

E Pluribus Unum

 

Diversity as “isms” in America

 

 

Racism                                             Sexism

Ageism                                             Bias

Gender                                             Disabilities

Religion                                            Lifestyles

Nationality                                       Physical appearance

Multicultural                                    “Melting Pot” theory

“Tossed Salad” theory          

 

Objective 10.03: 

Evaluate the importance of supporting, nurturing, and educating oneself in the United States society.

 

 

Major Concepts

Terms

 

Life Long Learning

 

Informed Citizenry

Self-motivation                                Being informed

Earning capacity                               Literacy

Public service         

 

 

Objective 10.04:

Demonstrate characteristics of effective citizenship.

 

 

Major Concepts

Terms

 

Citizenship

 

Voluntary Compliance

 

Duty & Responsibility

 

Respect

 

Common Civic Culture

Property rights                                Individual rights

Voting rights                                   Taxpayer

Involvement                                     Charity

Community spirit                              Responsible Behavior

Tolerance                                        Volunteerism

Patriotism                                        Community service

 

 

 

Objective 10.05: Describe examples of recurring public problems and issues.

 

 

 

Major Concepts

Terms

 

Public Problems

 

Public Issues

 

Unenumerated Rights

Under employment Education needs                                 Baby Boomers

Law and order                                                                  Graying population

Taxation                                                                          Graft and corruption

Citizen apathy                                                                 Security

Economic cycles                                                              Disease

Poverty                                                                           New Immigration

Unemployment                                                               Substance Abuse

Prison Reform                                                               Racism/Discrimination

Waste Disposal                                                             Homelessness

Crime                                                                            Acid Rain/Greenhouse Effect

Natural Disasters                                                         Pollution

 

Objective 10.06:

Discuss the consequences and/or benefits of the freedom of economic, legal, and political choices.

 

 

Major Concepts

Terms

 

Choices

 

Opportunity

 

Benefits of Freedoms

 

Consequences of Freedom

Economic choices                                                 Legal choices

Political choices                                                    Freedom

Liberty                                                                 Justice

Self-determination                                              Socio-economic status

Political activism







 


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