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Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Price Controls – analyze the impact of price ceilings and price floors on the quantity of a good or service supplied and demanded in a market.
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Consequences of Governmental Policy – assess the incentives for political leaders to implement policies that disperse costs widely over large groups of people …
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Market Failure – explain the role for government in addressing both negative and positive externalities.
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Government Revenue and Services – analyze the ways in which local and state governments generate revenue and use that revenue to supply public services.
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Government and Consumers – analyze the role of government in protecting consumers and enforcing contracts (including property rights), and explain how this rol…
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Public Policy and the Market – analyze the impact of a change in public policy on consumers, producers, workers, savers, and investors.
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Prices, Supply, and Demand
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Price, Equilibrium, Elasticity, and Incentives – analyze how prices change through the interaction of buyers and sellers in a market, including the role of sup…
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Prices, Supply, and Demand
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Supply And Demand – use the laws of supply and demand to explain household and business behavior.
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Competitive Markets
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Market Structures – identify the characteristics of perfect competition, monopolistic competition, oligopoly, and monopoly market structures.
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Competitive Markets
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Institutions – describe the roles of various economic institutions and purposes they serve in a market economy.
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Individual, Business, and Government Decision Making
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Marginal Analysis – weigh marginal benefits and marginal costs in decision making.
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Individual, Business, and Government Decision Making
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Entrepreneurship – analyze the risks and rewards of entrepreneurship and associate the functions of entrepreneurs with alleviating problems associated with sca…
- standard
Individual, Business, and Government Decision Making
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Scarcity, Choice, Opportunity Costs, Incentives – using examples, explain how scarcity, choice, opportunity costs, and incentives affect decisions made by hous…
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Civic Inquiry, Public Policy, Civic Action, and Public Discourse
- 9th - 12th Grade
- Michigan Social Studies Standards
- Citizenship and Civic Participation in the United States of America
Equip students with the skills and knowledge to explore multiple pathways for knowledgeable, civic engagement through simulations and/or real-world opportuniti…