| GLE 1 |
Apply fundamental economic concepts to decisions about personal finance
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| GLE 2 |
Define scarcity
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| GLE 3 |
Identify factors that drive economic decisions (e.g., incentives, benefits, costs, trade-offs, consequences)
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| GLE 4 |
Analyze an economic choice at the personal, family, or societal level to determine its opportunity cost |
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| GLE 5 |
Explain how the scarcity of natural resources leads to economic interdependence |
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| GLE 6 |
Identify the four basic economic questions |
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| GLE 7 |
Define productivity and characterize the relationship between productivity and standard of living |
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| GLE 8 |
Explain the role of marketing and channels of distribution in economic decisions
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| GLE 9 |
Identify actions or conditions that increase productivity or output of the economy
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| GLE 10 |
Explain the skills, knowledge, talents, personal characteristics, and efforts likely to enhance prospects of success in finding a job in a particular field |
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| GLE 11 |
Explain the types of jobs important to meeting the needs of Louisiana industries and an information-based society |
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| GLE 12 |
Evaluate various careers in terms of availability, educational and skill requirements, salary and benefits, and intrinsic sources of job satisfaction |
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| GLE 13 |
Compare contemporary and historic economic systems (e.g., ownership and control of production and distribution, determination of wages) |
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| GLE 14 |
Explain the advantages and disadvantages of given market structures
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| GLE 15 |
Explain factors affecting levels of competition in a market (e.g., number of buyers and sellers, profit motive, collusion among buyers or sellers, presence of cartels)
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| GLE 16 |
Explain the effects of competition on producers and consumers |
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| GLE 17 |
Analyze the role of various economic institutions in economic systems |
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| GLE 18 |
Explain the role of government as producer, employer, and consumer in economic systems |
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| GLE 19 |
Analyze the importance of labor-management relations and the effects of given labor and management practices on productivity or business profitability |
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| GLE 20 |
| Compare and contrast characteristics of various forms of business ownership |
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| GLE 21 |
Explain ways in which businesses have changed to meet rising production costs or to compete more effectively in a global market
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| GLE 22 |
Analyze the role of banks in economic systems (e.g., increasing the money supply by making loans)
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| GLE 23 |
Describe the functions and purposes of the financial markets |
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| GLE 24 |
Compare and contrast credit, savings, and investment services available to the consumer from financial institutions |
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| GLE 25 |
Apply an economic concept to analyze or evaluate a given historical economic issue or situation (e.g., causes of the Great Depression, how the New Deal changed the role of the federal government)
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| GLE 26 |
Interpret information about a current economic system undergoing change from a largely command or traditional system to a more mixed system (e.g., Eastern European countries, China, other developing economies) |
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| GLE 27 |
Explain, analyze, and apply principles of supply and demand, including concepts of price, equilibrium point, incentives, and profit |
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| GLE 28 |
Identify factors that cause changes in supply or demand for a product (e.g. complements, substitutes)
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| GLE 29 |
Explain the role of factors of production in the economy |
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| GLE 30 |
Identify factors affecting production/allocation of goods/services and characterize their effects |
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| GLE 31 |
Identify the difference between monetary and non-monetary incentives and how changes in incentives cause changes in behavior |
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| GLE 32 |
Analyze the circular flow of goods and services and money payments from a diagram |
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| GLE 33 |
Identify various forms of taxation |
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| GLE 34 |
| Identify various forms of taxation |
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| GLE 35 |
Describe the effects of governmental action or intervention in a market economy |
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| GLE 36 |
Describe major revenue and expenditure categories and their respective proportions of local, state, and federal budgets |
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| GLE 37 |
Predict how changes in federal spending and taxation would affect budget deficits and surpluses and the national debt |
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| GLE 38 |
Evaluate the impact of policies related to the use of resources (e.g., water use regulations, policies on scarce natural resources) |
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| GLE 39 |
Explain the causes of global economic interdependence |
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| GLE 40 |
Describe the worldwide exchange of goods and services in terms of its effect in increasing global interdependence and global competition
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| GLE 41 |
Examine fundamental concepts of currency valuation and foreign exchange and their role in a global economy |
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| GLE 42 |
Explain how the economy of one country can affect the economies of other countries or the balance of trade among nations |
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| GLE 43 |
| Explain the role of the International Monetary Fund in supporting world economies |
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| GLE 44 |
| Identify and evaluate various types of trade barriers among nations |
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| GLE 45 |
| Take and defend a position on a trade policy or issue (e.g., NAFTA, G8, European Union) |
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| GLE 46 |
Evaluate the role and importance of Louisiana ports and products in the national and international economy |
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| GLE 47 |
Explain the meaning or use of various economic indicators and their implications as measures of economic well-being |
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| GLE 48 |
Define productivity and characterize the relationship between productivity and standard of living |
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| GLE 49 |
Interpret various economic indicators used in a chart, table, or news article |
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| GLE 50 |
Draw conclusions about two different economies based on given economic indicators |
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| GLE 51 |
Explain how inflation and deflation are reflected in the Consumer Price Index |
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| GLE 52 |
Explain the impact of inflation/deflation on individuals, nations, and the world, including its impact on economic decisions |
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| GLE 53 |
Describe the effects of interest rates on businesses and consumers |
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| GLE 54 |
Predict the consequences of investment decisions made by individuals, businesses, and government |
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| GLE 55 |
| Predict how interest rates will act as an incentive for savers and borrowers |
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| GLE 56 |
| Explain various causes and consequences of unemployment in a market economy |
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| GLE 57 |
Analyze regional, national, or demographic differences in rates of unemployment |
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| GLE 58 |
Analyze the relationship between the business cycle and employment |
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| GLE 59 |
Explain the meaning of underemployment and analyze its causes and consequences |
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| GLE 60 |
| Explain factors contributing to unequal distribution of income in a market economy |
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| GLE 61 |
Interpret a chart or graph displaying various income distributions (e.g., in the United States vs. the Third World, various groups within a country) |
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| GLE 62 |
| Distinguish monetary policy from fiscal policy |
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| GLE 63 |
Explain the role of the Federal Reserve System as the central banking system of the United States |
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| GLE 64 |
| Explain the role of regulatory agencies in the U.S. economy |
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| GLE 65 |
| Explain the role of the Federal Deposit Insurance Corporation |
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