State Frameworks
While some states are asking teachers to address explicitly global economics at the high school level, few curriculum guides exist. Teachers need tools to help raise secondary students’ awareness of the effect of increased globalization on career opportunities.The goals, standards, and benchmarks listed below are a composite of existing state frameworks and curricula. They can help teachers create and refine their own units in global economics.
Curriculum goals
- Understand that resources are limited
- Understand economic trade-offs and how choices result in both costs and benefits to individuals and society
- Understand economic concepts, principles, and factors affecting the allocation of available resources
- Understand the role of government and institutions in various economic systems
Content standards
- Understand economic concepts and principles to make informed economic choices
- Understand factors affecting allocation of resources, including the role of government and institutions on economic activity
- Understand advantages and disadvantages of various occupations
Benchmarks
- Describe how government and economic institutions of various countries make economic decisions based on domestic and international realities
- Compare how two nations’ governments and economic institutions respond to an important need
- Describe how different countries make up economic regions (e.g., Pacific Rim, NAFTA)
These suggested activities are intended to be used by high school teachers to help students explore how the global economy affects their community, region, and futures. At the same time, it emphasizes critical thinking and problem solving, skills all teachers and employers value.
Key Concepts
To help students understand the relationship between career development and global economics, they need to know basic economic principles. The following list provides a starting point for class discussions. It is intended to be used as a beginning framework.
Fundamental
- scarcity
- productivity
- economic systems
- flow of goods
- control of resources
- money systems
- use of technology
- business/government relations
- labor systems
Micro/macro
- supply and demand
- markets and prices
- distribution of wealth
- trends in migration
- political boycotts
- role of government
- transportation of goods
- government subsidies
- copyrights and patents
- unemployment
Global
- cross-cultural communication
- human rights
- multinational corporations
- stock markets
- time zones and geography
- measurement systems
- industry standards
- means of production
- export/import of ideas
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