Priority Standards for C.P.A. Economics 

    By the end of the one year of CPA Economics at Wachusett Regional High School, students will be expected to: 

PS 1. Demonstrate knowledge of foundational economic principles, economic concepts and

         economic reasoning. 

PS 2: Demonstrate understanding of supply and demand.

PS 3. Examine the nature of markets and explain the interaction of consumers and producers

          in a mixed market system. 

PS 4: Demonstrate understanding of the theory of consumer choice.

PS 5. Demonstrate understanding of production and costs.

PS 6. Demonstrate understanding of firm behavior under major market structures.

PS 7. Use technology to research, gather data, organize information, and create products

         useful for economic analysis of microeconomic decision-making. 

PS 8. Demonstrate understanding of factor market.

PS 9. Demonstrate understanding of market failure and the role of government.

PS 10. Compile and manage the tools of financial literacy and demonstrate knowledge of

           common financial instruments and institutions in the development of personal

           finance goals. 

PS 11. Demonstrate understanding of measurement of economic performance.

PS 12. Demonstrate understanding of national income and price determinations.

PS 13.  Examine and analyze the role of  federal government in the U.S. economy,

            including the objectives and outcomes of fiscal and monetary policy. 

PS 14: Demonstrate understanding of inflation unemployment and stabilization policies.

PS 15: Demonstrate understanding of open economy: international trade and finance

 

 Power Standards for A.P. Economics 

    By the end of the one year of A.P. Economics at Wachusett Regional High School, students will be expected to: 

PS 1: Demonstrate knowledge of foundational economic principles, economic concepts

         and economic reasoning. 

PS 2: Demonstrate understanding of supply and demand.

PS 3:  Demonstrate understanding of comparative advantage and gains from trade.

PS 4. Examine the nature of markets and explain the interaction of consumers and

          producers in a mixed market system. 

PS 5:  Demonstrate understanding of the theory of consumer choice.

PS 6.  Demonstrate understanding of production and costs.

PS 7.  Demonstrate understanding of firm behavior under major market structures.

PS 8.  Illustrate accurately the major economic models in micro and macro

PS 9.  Demonstrate the determinants and structures within factor markets.

PS 10. Demonstrate understanding of market failure and the role of government.

PS 11.  Demonstrate and apply the basic laws of macro and microeconomics

PS 12.  Demonstrate understanding of measurement of economic performance.

PS 13.  Demonstrate understanding of national income and circular flow of the economy.

PS 14.  Demonstrate understanding of classical economic theory.

PS 15.  Examine and analyze the role of  federal government in the U.S. economy,

            including the objectives and outcomes of fiscal, monetary, and monetarist policies. 

PS 16.  Demonstrate understanding of private banking system as well as the role of the FED

PS 17:  Demonstrate understanding of inflation unemployment and stabilization policies.

PS 18:  Demonstrate understanding of long term economic growth.

PS 19:  Demonstrate understanding of open economy: international trade,

           currency valuation, and the floating exchange rate system.

PS 20:  Demonstrate understanding of nation's balance of payment accounts.

 

Instructor:  Mr.Magnani
 Kevin_Magnani@wrsd.net