MS World Studies B: Geo, Civics & Econ

From the earliest human societies, principles of economics have influenced the way people live together and interact. Decisions about the production of goods and services, money, and trade helped shape the economies of historical and contemporary societies, including the United States. The middle school economics course recounts important concepts in economics and related events in world and U.S. history, including:
– People use natural resources, human resources, and capital resources to produce goods and services.
– Economies are shaped by interactions between consumers and producers.
– Scarcity, opportunity costs, and incentives all influence economic decision- making.
– Prices are largely influenced by the principles of supply and demand.
– A budget can be a helpful decision- making tool.
– Goods and services can be exchanged by barter, money, or credit.
– Anywhere—real or virtual—where people buy, sell, or trade goods and services is a marketplace.
– Economies are shaped by interactions between consumers and producers.
– Scarcity and opportunity cost influence economic decision- making.
– Prices are largely influenced by the principles of supply and demand.
– Anywhere—real or virtual—where people buy, sell, or trade goods and services is a marketplace.
– A society’s standard of living is influenced by factors such as availability of resources, availability of goods and services, and education.
– Examples of these economic principles can be found throughout world history.
Students explore and develop skills in understanding economic principles, analyzing market behaviors, recognizing the roles of consumers and producers, evaluating economic decisions based on resource allocation, and understanding the impact of government policies on the economy. These skills will equip students to better understand the economic world around them.Projects are provided to allow for a deeper application of skills and to create a personal connection between students and content. The projects are designed to foster independent learning by empowering students to make their own choices about the types of work products they create, the specific areas they wish to research, and the practical application of concepts. As students navigate these decisions, they develop self- management skills that help them organize, plan, and complete their activities effectively.