Describing how the United States Federal Reserve System oversees the banking system and regulates the quantity of money in the economy
Defining monetary policy
Describing how the central bank uses its tools of monetary policy to promote price stability, full employment, and economic growth
Explain how the government uses fiscal policy to promote the economic goals of price stability, full employment, and economic growth.
Defining fiscal policy and the use of taxation and government purchases
Comparing government deficits and the national debt
Explain why individuals, businesses, and governments trade goods and services in the global economy.
Defining absolute advantage and comparative advantage
Explaining how gains from trade, whether between two individuals or two countries, are based on the principle of comparative advantage
Defining exchange rates
Explaining how changes in exchange rates impact purchasing powers of individuals and businesses
Explaining tariffs, quotas, embargoes, standards, and subsidies as trade barriers
Explaining why countries sometimes impose trade barriers and sometimes advocate free trade
Describe current news stories from various perspectives, including geographical, historical, political, social, and cultur
Evaluating the impact of current news stories on the individual and on local, state, national, and international communities (Alabama)
Comparing current news stories to related past events
Analyzing news stories for implications regarding nations of the world
Locating on a map areas affected by events described in news stories
Interpreting statistical data related to political, social, and economic issues in current events
Compare the relationship of governments and economies to events occurring in specific nations.
Identifying recurring historical patterns in regions around the world
Describing costs and benefits of trade among nations in an interdependent world
Comparing ways different countries address individual and national economic and social problems, including child care, tax rates, economic regulations, health care, national debt, and unemployment
Compare civic responsibilities, individual rights, opportunities, and privileges of citizens of the United States to those of citizens of other nations.
Analyze scientific and technological changes for their impact on the United States and the world.
Analyze cultural elements, including language, art, music, literature, and belief systems, to determine how they facilitate global understanding or misunderstanding.
Compare information presented through various media, including television, newspapers, magazines, journals, and the Internet.
Explaining the reliability of news stories and their sources
Describing the use, misuse, and meaning of different media materials, including photographs, artwork, and film clips
Critiquing viewpoints presented in editorial writing and political cartoons, including the use of symbols that represent viewpoints
Describing the role of intentional and unintentional bias and flawed samplings
Identify strategies that facilitate public discussion on societal issues, including debating various positions, using a deliberative process, blogging, and presenting public forums.
Organize a service-learning project, including research and implementation, that addresses an identified community or global issue having an impact on the quality of life of individuals and groups.
Describe spatial patterns of world populations to discern major clusters of population density and reasons for these patterns.
Examples: East Asia, India
Identify world migration patterns caused by displacement issues.
Example: African refugees relocating from the Republic of Sierra Leone to Scandinavia
