Microeconomics and the Georgia Performance Standards

1. Microeconomics and the Georgia Performance Standards Mike Raymer Program Manager Georgia Council on Economic Education w w w . g c e e . o r g

2. “I hope I die during a workshop because the transition from life to death would be so subtle.” -Anonymous Teacher Georgia Council on Economic Education w w w . g c e e . o r g

3. The Mission To help teachers teach those students, K-12, in the public and independent schools of Georgia Georgia Council on Economic Education w w w . g c e e . o r g

4. Productive Workers Informed Consumers Involved Citizens Prudent Savers Wise Investors Sound lifelong decision makers in a globally interdependent world The Vision Students leaving school prepared for their roles as: Georgia Council on Economic Education w w w . g c e e . o r g

5. EOCT Pass Rates Georgia Council on Economic Education w w w . g c e e . o r g

6. Economics Test Data Trend Georgia Council on Economic Education w w w . g c e e . o r g

7. Research Findings Will using the activities presented in this workshop help student EOCT scores? …I sure hope so. Georgia Council on Economic Education w w w . g c e e . o r g

8. Workshop Impact Non-AP Economics Students Score Higher on the High School Economics EOCT When Their Teachers Have Taken GCEE Workshops (2004-2006 EOCT Exams – Five Testing Cycles) DOE Scaled Score 7.7% gain 2.9% gain Georgia Council on Economic Education w w w . g c e e . o r g

9. Pacing Georgia Council on Economic Education w w w . g c e e . o r g

10. Domain Performance for the 2008-2009 EOCT Handout Georgia Council on Economic Education w w w . g c e e . o r g

11. GPS Performance standards provide clear expectations for instruction, assessment, and student work. They define the level of work that demonstrates achievement of the standards, enabling a teacher to know “how good is good enough.” (www.georgiastandards.org) Handout Georgia Council on Economic Education w w w . g c e e . o r g

12. Domain Focus SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services, and money. Georgia Council on Economic Education w w w . g c e e . o r g

13. Domain Focus SSEMI2 The student will explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy. Georgia Council on Economic Education w w w . g c e e . o r g

14. Domain Focus SSEMI3 The student will explain how markets, prices, and competition influence economic behavior. Georgia Council on Economic Education w w w . g c e e . o r g

15. Domain Focus SSEMI4 The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy. Georgia Council on Economic Education w w w . g c e e . o r g

16. The “Must Haves” Georgia Council on Economic Education w w w . g c e e . o r g

17. Circular Flow Diagram Georgia Council on Economic Education w w w . g c e e . o r g

18. …continued Georgia Council on Economic Education w w w . g c e e . o r g

19. Supply and Demand Georgia Council on Economic Education w w w . g c e e . o r g

20. Equilibrium Price Georgia Council on Economic Education w w w . g c e e . o r g

21. Change in Demand Georgia Council on Economic Education w w w . g c e e . o r g

22. Change in Supply Georgia Council on Economic Education w w w . g c e e . o r g

23. Price Floors Georgia Council on Economic Education w w w . g c e e . o r g

24. Price Ceilings Georgia Council on Economic Education w w w . g c e e . o r g

25. Questions so far? Georgia Council on Economic Education w w w . g c e e . o r g

26. Supply and Demand Curves- friend or foe? Georgia Council on Economic Education w w w . g c e e . o r g

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28. Simulation #1- drawing your own curve Georgia Council on Economic Education w w w . g c e e . o r g

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30. Reasons for Change in… Georgia Council on Economic Education w w w . g c e e . o r g

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32. Teaching Tools for MICROECONOMICS from John Stossel Georgia Council on Economic Education w w w . g c e e . o r g

33. What You Get… • 16 Video Clips • Instructor’s Manual • Segment Description • Preview Question • Discussion and Analysis Questions • Extension Activities • Multiple-Choice Questions Georgia Council on Economic Education w w w . g c e e . o r g

34. Clip 5- Rent Control SSEMI2 SSEMI3 Georgia Council on Economic Education w w w . g c e e . o r g

35. Economic Mystery Where Did the Mortgages Go? Georgia Council on Economic Education w w w . g c e e . o r g

36. Demonstration Lesson #1 Price Controls- Too High or Too Low? (Focus: High School Economics) Georgia Council on Economic Education w w w . g c e e . o r g

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38. Clip 3- Greed SSEMI 4 Georgia Council on Economic Education w w w . g c e e . o r g

39. Demonstration Lesson #2 The Economic Effects of 19th Century Monopoly (United States History: Eyes on the Economy) Georgia Council on Economic Education w w w . g c e e . o r g

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44. Perfect/Pure Competition Georgia Council on Economic Education w w w . g c e e . o r g

45. Monopolistic Competition Georgia Council on Economic Education w w w . g c e e . o r g

46. Oligopoly Georgia Council on Economic Education w w w . g c e e . o r g

47. The tlanta Braves An Economic Education Case Study Georgia Council on Economic Education w w w . g c e e . o r g

48. What You Get… • 10 Lessons • Lesson Objectives • Lesson Overview • Classroom Procedures *GPS Correlation Handout Georgia Council on Economic Education w w w . g c e e . o r g

49. Demonstration Lesson #3 Building a Team- The Braves as a Creative Enterprise SSEMI1 Georgia Council on Economic Education w w w . g c e e . o r g

50. Any Questions? Georgia Council on Economic Education w w w . g c e e . o r g