THE OVERHAUL OF: FOCUS / HIGH SCHOOL ECONOMICS THIRD EDITION The CEE gratefully acknowledges the funding of this publication by 3Mgives.

CREATED IN 1996, 2 ND EDITION 2001 SECOND PRINTING IN 2003 THE BENCHMARK FOR HIGH SCHOOL LESSON AND ACTIVITY RESOURCES WRITTEN BY: MICHAEL WATTS (CHAIR) SARAPAGE McCORKLE BONNIE MESZAROS MARK C. SCHUG

THE LATEST EDITION RELEASED IN JUNE 2014 AUTHORS: BILL BOSSHARDT (CHAIR) CURT ANDERSON BONNIE MESZAROS PHILLIP VANFOSSEN MARTHA RUSH MICHAEL RAYMER BRETT BURKEY & TWO LESSONS CONTRIBUTED BY OUR FEDERAL RESERVE PARTNERS

SOME IDEAS FOR THE COVER

MORE COVER IDEAS SCARCITY? YEAH, RIGHT… I’M AN AMERICAN!! ECON… HUUH, GOOD GOD Y’ALL, WHAT IS IT GOOD FOR?

CHANGES FOUND IN THE LATEST EDITION NOW 28 LESSONS INSTEAD OF 21 INTERACTIVE ACTIVITIES, PRESENTATION SLIDES, SIMULATIONS AND COLLABORATIVE ACTIVITY ROOMS COMMON CORE STANDARDS AND COMPELLING QUESTIONS TARGETED ASSESSMENTS AND CONSTRUCTED RESPONSE QUESTIONS THE WORLD HAS CHANGED DRAMATICALLY IN THE SHORT PERIOD SINCE THE LAST EDITION AND THE VOLUME NEEDED TO REFLECT THAT.

THE ESSENCE OF THE PAST REMAINS NEW LESSONS, REVISED LESSONS, AND KEPT LESSONS 12 BRAND NEW LESSONS PERSONAL FINANCE THEMES REMOVED 9 REVISED LESSONS, MAJOR UPGRADES 7 KEPT LESSONS, BRUSH UP ON A TIMELESS CLASSIC RE-SEQUENCING OF CHAPTERS BROADER COVERAGE OF MACRO CONCEPTS

CHAPTERS AND COMPELLING QUESTIONS LESSON 2/ALLOCATION: HOW CAN WE EFFECTIVELY ALLOCATE SCARCE GOODS AND SERVICES IN TIMES OF AN EMERGENCY? LESSON 10/GAME THEORY: WHEN A FIRM HAS JUST A FEW COMPETITORS, HOW DOES THAT AFFECT THE FIRM’S BEHAVIOR? LESSON 18/UNEMPLOYMENT: DOES THE UNEMPLOYMENT RATE DO A GOOD JOB OF DESCRIBING THE STATE OF A COUNTRY’S LABOR MARKET? LESSON 23/INTEREST RATES: HOW ARE INTEREST RATES DETERMINED, AND WHY ARE THERE SO MANY DIFFERENT ONES?

ALIGNED WITH COMMON CORE STANDARDS INTEGRATION OF BOTH ELA AND MATH STANDARDS MANY LESSONS INCLUDE READINGS THAT OFFER DIVERSE POINTS OF VIEW CONSTRUCTED RESPONSE QUESTIONS CHALLENGE STUDENTS WITH HIGHER ORDER THINKING IN ADDITION, STUDENTS ARE ASSESSED BY A MINIMUM OF THREE MULTIPLE CHOICE QUESTIONS

NEW LESSONS DELIVERED PPC AND OPPORTUNITY COST ALLOCATION COMPETITION/MONOPOLY GAME THEORY PUBLIC GOODS LABOR MARKETS INCOME DISTRIBUTION INFLATION UNEMPLOYMENT GDP GROWTH INTEREST RATES MONETARY POLICY

CLASSICS UPDATED MARKET FOR WHEAT (COCOA) BROAD SOCIAL GOALS OF AN ECONOMY THE MARKET NEVER STANDS STILL THE CIRCULAR FLOWS OF ECONOLAND PRICE CONTROLS, TOO HIGH TOO LOW TRADE: WHY DO PEOPLE TRADE? WHERE TO BUILD A FACTORY?

A 21 ST CENTURY CLASSROOM RESOURCE SUPPLEMENTAL TECHNOLOGY TOOLS HOUSED ON-LINE TO ENGAGE STUDENT IMAGINATION AND COMPREHENSION LESSONS FLEXIBLE FOR ALL TEACHING STYLES FORMATTED TO SPEAK TO BOTH NOVICE AND VETERAN TEACHER Companion site:

SOME LESSONS THAT PRESENT WELL SEVEN: HOW MARKETS INTERACT THIRTEEN: WHO DECIDES WAGE RATES? FOURTEEN: INCOME DISTRIBUTION EIGHTEEN: UNEMPLOYMENT SURVEY TWENTY TWO: THE CASE OF THE GIGANTIC $100,000 BILL TWENTY SIX: COMPARATIVE ADVANTAGE TWENTY SEVEN: WHERE TO BUILD A FACTORY?

LESSONS CURRENTLY SUPPORTED BY INTERACTIVE SUPPLEMENTS MARGINALISM MARKET FOR COCOA PROUCTIVITY COMPETITION VS. MONOPOLY LABOR MARKETS INCOME DISTRIBUTION UNEMPLOYMENT SURVEY GIGANTIC $100,000 BILL INTEREST RATES COMPARATIVE ADVANTAGE

HIGH LEVEL GOALS FOR THE INTERACTIVE ACTIVITIES Saving instructional time whenever possible by streamlining tasks. Manipulating and visualizing data. Collaboration. Students are encouraged to get up and interact with each other while using technology.

COLLABORATIVE ACTIVITIES ALLOWS FOR FACE TO FACE INTERACTION TO OCCUR IN TANDEM WITH PORTABLE TECHNOLOGY (TABLET, SMART PHONE, LAP TOP) CREATE ONE OR MULTIPLE ACTIVITY ROOMS WITH PRE-SET URLs DATA FROM THE ACTIVITY IS COMPILED AND PRESENTED IN A VERY CONSUMABLE FORMAT FOR THE TEACHER CURRENTLY AN OPTION FOR THE “MARKET IN COCOA” AND “PRODUCTIVITY” LESSONS

PROFESSIONAL DEVELOPMENT VIDEOS VIDEOS OF MASTER TEACHERS MODELING INDIVIDUAL LESSONS CURRENTLY TWO HAVE BEEN PRODUCED (LESSONS 13 AND 18) AND A THIRD ON THE WAY (LESSON 8) LESSONS 13 AND 18 CAN NOW BE OBSERVED ON THE BOOK’S COMPANION WEBSITE COMPANION SITE: