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Student Lea=
rning
Objective (SLO) |
High-Risk I=
ssue
(Why is it difficult for the students?) |
Enhanced Ac=
ademic
Support (activity or way that the SLO is presented?) Be specific |
Evaluation =
(How
will you measure?) Be Speci=
fic |
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Analyze the concepts of scarcity, opportunity cost, allocation of resources, types of economic systems, and international tra= de. |
Basic mathematical skills, critical thinking skills: understanding the economic problem, economic systems, interpreting the PP= F, the need for exchange. |
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Exams, Post test # 1, 2, 3 & 4 |
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Employ the concepts of supply, demand, and the determination of price and quantity. |
Critical thinking skills: The determinants of demand and s= upply, Distinguishing between changes in the measure vs. changes in quantity of = the measure. |
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Exams, Post test # 5, 6, & 7 |
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Compute and utilize elasticitie= s of demand and supply |
Basic mathematical skills, critical thinking skills:= Calculating elasticities, Interpreting elasticities including the relationship between total revenues and prices. |
Group dynamics thru group work. |
Exams, Post test # 8, 9, & 10 |
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Compute and employ the concepts of consumer choice a= nd demand. |
Basic mathematical skills, critical thinking skills:= Understanding the Law of Diminis= hing Marginal Utility. Calculati= ng utility measures and determining the impact on consumer choice and demand= . |
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Exams, Post test #11, 12, & 13 |
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Compute and employ the concepts of production and co= sts for the firm. |
Basic mathematical skills, critical thinking skills:= Understanding the Law of Diminis= hing Marginal Returns. Calculati= ng productivity and cost measures and determining the impact on producer cho= ice and supply in both the short and long run. |
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Exams, Post test # 14 & 15 |
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Characterize perfectly competitive, monopolistic, an= d monopolisticly competitive industries. |
Basic mathematical skills, critical thinking skills:= Describe characteristics and give examples of different market structures.= Explain how characteristics determine output, price and efficiency= for the firm. |
Group dynamics thru group work. |
Exams, Post test # 16, 17, 18,1 9, 20, 21, & 22<= /p> |
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Comprehend and extend the concept of resource market= s, including the supply and demand for labor and labor unions. |
Basic mathematical skills, critical thinking skills:= Distinguish between price takers= and price searchers as suppliers in resource markets. Understand the impact of output price and resource productivity on demand. Describe the role of collective bargaining and labor unions in the economy. |
Group dynamics thru group work. |
Exams, Post test #23, 24, & 25 |