Course title
PPEL101Pre-requisite
AZ/US History; SeniorCourse description
ETHICS; ECONOMY; AND ENTREPRENEURSHIP
Course Description
Offers University of Arizona college
Ethics; Economy; and Entrepreneurship presents core
concepts on ethics; micro and macroeconomics; global and local perspectives; personal and business finance; and the process of innovation. Students will...
• Study economics in the richer context of ethics and
entrepreneurship.
• Build a foundation for careers in law; economics;
politics; education; journalism; business; and other
professions.
• Become better equipped to make sound personal and
professional choices.
• Learn what it takes to create and successfully run a
business.
• Learn using the most current academic material on an
innovative on-line platform.
• Experience a college-level course.
• Receive university course credit and transcript at
reduced cost.
The course meets all State of Arizona standards for Strand 5 Economics. The curriculum presents core
concepts on micro and macro economics; global economics; and personal finance; blended with
principles of ethics and entrepreneurship.
The curriculum was developed collaboratively by UA faculty and social studies teachers from around
Arizona and has been piloted in several Arizona high schools.
This material is college-level content developed for high school students. The course combines the
principles of economics; ethics; and entrepreneurship over the course of two semesters.
(or one semester if students have prior economics knowledge.) Students completing the course will
receive 3 college credits (assuming UA enrollment and tuition).
The study of entrepreneurship revolves around the skills and aptitudes necessary to leverage
initiative into successful outcomes; whether as a small business owner; an employee; or a volunteer.
Within this broad area of entrepreneurial initiative; individuals make numerous choices. Economics and
ethics provide frameworks within which sound choices can be made.
Teachers will have online access to leading classroom systems and resources; including detailed instructor chapter guides and assessments; a customizable and continually updated web-based textbook; multimedia learning materials; and an extensive network of online resources to supplement the course based on teacher discretion. A print version of the text is also available.
SAMPLE COURSE SYLLABUS
PPEL101: Ethics; Economy & Entrepreneurship
1. Course Title: PPEL101: Ethics; Economy & Entrepreneurship
2. Course Description: Ethics; Economy; and Entrepreneurship presents core concepts on ethics;
micro and macroeconomics; global and local perspectives; personal and
business finance; and the process of innovation. The study of entrepreneurship
revolves around the skills and aptitudes necessary to leverage initiative into
successful outcomes; whether as a small business owner; an employee; or a
volunteer. Within this broad area of entrepreneurial activity individuals make
numerous choices; economics (speaking to what can be done) and ethics
(speaking to what should be done); provide frameworks within which sound
choices can be made.
3. Course Dates: August – May (1 year)
Please note that a number of alternative schedules are available; including double period
single semester; mixed class plus extracurricular options; “Zero Hour” sections; and
others. The course is designed to provide maximum flexibility to the teacher and school.
4. Adopted Text and Other Learning Resources: Ethics; Economy &
Entrepreneurship web based text with any already adopted economics text.
5. Course Essential Questions:
Why do some societies grow rich while other societies remain poor?
What must a person do to succeed in market society?
What must a person do to deserve to succeed? (What does it mean to
truly be of service?)
What does it mean to create value for others?
What does it mean to respect and care for others?
How do entrepreneurs think and act? How do they start a
business? How do they sustain a business? How do they learn to
acknowledge and correct flaws in their business model?
2
6. Course Objectives:
Upon completion of this course; students should be able to do the following
Identify and evaluate ethical; economic and entrepreneurial concepts as
it relates to personal finance; the economy; and political systems.
Apply basic ethical; economic and entrepreneurship concepts years
later; in situations relevant to their lives and different from those
encountered in the classroom.
7. Desired Course Outcomes:
The student will be better equipped to make sound personal and
professional choices.
The student will manage personal resources to meet goals and minimize
obstacles.
The student will experience a college-related course.
The student will receive university course credit and transcript
8. Course Calendar/Schedule (outline of concepts and pacing):
Introduction (2 weeks)
o Why Ethics?
o Why Economy?
o Why Entrepreneurship?
Part 1: Key Concepts (6 weeks)
Please see detailed content in attached file: PPEL101 – Part 1; Sample Unit.
o Trade (A1)
We thrive as human beings because we learned to make deals with strangers.
o Resources (A2)
Things are not resources until people invent ways of putting them into service.
o Cost (A3)
Cost is unavoidable.
o Institutions (A4)
We develop frameworks for interacting that help us to trust each other and make deals.
o Value (A5)
Our values are what we aim at; and judge to be worth aiming at; when we make choices.
3
Part 2: Understanding Trade (9 weeks)
o Progress
o Production Possibilities Curve
o Comparative Advantage
o Division of Labor
o Why trade?
o Conditions for Trade
o Buyers and Sellers Coordinating on Price - A Market
o Buyers; Sellers; Buyers and Sellers together in a Market
o Influences on Predicted Price and Quantity
o Surplus in Markets
o Price Signals and Decision Making
o Price Controls
o Monopoly Power
o Monopsony Power
o Price Controls and Decision Making
o Progress and Wealth Creation
Part 3: Trust; Agency and Bystanders (4 weeks)
o Principal-Agent Framework
o External Cost
o Tragedy of the Commons
o Property
o Trust
o Benefits for Bystanders
o Market Structure and Market Power
o International Trade and Trade Protections
o Failures and Self-corrections
o What Can We Trade?
Part 4: Economic Institutions (5 weeks)
o Institutions of Commercial Society
o Measuring Economies
o GDP – Gross Domestic Product (% G)
o Unemployment Rate
o Price Level – CPI; GDP Deflator
o The Role of Government
o Fiscal Policy (Debt)
o Monetary Policy
o Public Choice
o Capitalism as Pro-Knowledge
o Knowledge Discovery
Part 5: Innovation (3 weeks)
o It takes more than ideas
o What Does Innovation Look Like
o Long Run/Short Run Thinking
o Theory of Production: Supplier Cost Curves
o Entry and Exit (role of profit)
o Creative Destruction
Part 6: A Business and Personal Finance Primer (4 weeks)
o Accounting Basics
o Credit and Compound Interest (growth)
o Break-Even Analysis
o Marketing Fundamentals
o Think; Think; Nudge; Nudge: Insights from Behavioral Economics
o Insurance
o Budgeting
Part 7: The Entrepreneur (3 weeks)
o The Entrepreneur as a Resource Integrator
o Entrepreneurship as an Effectual Process
o Markets Don’t Exist
o What is Value
o Competitive Advantage - The dynamics of remaining viable
o The Big Errors
o The Entrepreneur and Self Assessment
9. Assessments:
UNITS Formative Assessment
Participation: Active participation is
important. This involves sharing your
thoughts in class discussions; listening
and responding to other students’ ideas;
contributing to group work and coming
to class prepared and on time. Summative
Assessment
Introduction: Why Ethics;
Why Economy; Why
Entrepreneurship Close readings; written
reflections; class discussion
Part 1: Key Concepts Simulations; close readings;
written reflections; class
discussion; graphing End of UNIT Test:
approx. 8 weeks
Part 2: Understanding
Trade Simulations; close readings;written reflections; class
discussion; graphing End of Unit Test:
approx. 17 weeks
Part 3: Trust; Agency and Bystanders Simulations; close readings; written reflections; class
discussion; graphing End of Unit Test:
approx. 21 weeks
Part 4: Economic
Institutions Simulations; close readings;
written reflections; class
discussion; graphing End of Unit Test:
approx. 26 weeks
Part 5: Innovation Close readings; written
reflections; class discussion End of Unit Test:
approx. 29 weeks
Part 6: A Business and
Personal Finance Primer Simulations; close readings;written reflections; class
discussion; graphing End of Unit Project:
approx. 33 weeks
Part 7: The Entrepreneur Simulations; close readings;written reflections; class
discussion End of Unit Project:
approx. 36 weeks
AZ Concept PO Standard Concept Page
C1: Foundations PO 1 Analyze the implications of scarcity: a. limited resources and unlimited human wants influence choice at individual; national; and international levels A3 COST: Cost is unavoidable.
C1: Foundations PO 1 Analyze the implications of scarcity: b. factors of production (e.g.; natural; human; and capital resources; entrepreneurship; technology) A3 COST: Cost is unavoidable.
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors A3 COST: Cost is unavoidable.
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors Buyers
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors Sellers
C1: Foundations PO 1 Analyze the implications of scarcity: b. factors of production (e.g.; natural; human; and capital resources; entrepreneurship; technology) A2 RESOURCES: Things are not resources until people invent ways of putting them into service.
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors Long Run and Short Run Thinking
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors Credit and Compound Interest (growth)
C1: Foundations PO 1 Analyze the implications of scarcity: a. limited resources and unlimited human wants influence choice at individual; national; and international levels Why Ethics?
C1: Foundations PO 1 Analyze the implications of scarcity: c. marginal analysis by producers; consumers; savers; and investors Why Ethics?
C1: Foundations PO 2 Analyze production possibilities curves to describe opportunity costs and trade-offs. Production Possibilities Curve
C1: Foundations PO 2 Analyze production possibilities curves to describe opportunity costs and trade-offs. Comparative Advantage
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest A3 COST: Cost is unavoidable.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: e. role of the government A4 INSTITUTIONS: We develop frameworks for interacting that help us to trust each other and make deals.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: e. role of the government Conditions for Trade
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest Why trade?
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest Buyers and Sellers Coordinating on Price - A Market
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: c. consumer sovereignty Buyers
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: b. profit motive Sellers
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: c. consumer sovereignty A1 TRADE: We thrive as human beings because we learned to make deals with strangers.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: d. competition A Market: Supply and Demand
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: d. competition Surplus in Markets
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: g. invisible hand Surplus in Markets
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest Price Signals and Decision Making
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: g. invisible hand Price Signals and Decision Making
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: a. property rights Property
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: d. competition Market Structure and Market Power
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: e. role of the government Market Structure and Market Power
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest Institutions of Commercial Society
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: b. profit motive Entry and Exit (role of profit)
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: b. profit motive Creative Destruction
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest Why Economy?
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: b. profit motive A5 VALUE: Our values are what we aim at; and judge to be worth aiming at; when we make choices.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: c. consumer sovereignty A5 VALUE: Our values are what we aim at; and judge to be worth aiming at; when we make choices.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest A5 VALUE: Our values are what we aim at; and judge to be worth aiming at; when we make choices.
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: b. profit motive Monopoly Power
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: d. competition Monopoly Power
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: e. role of the government Monopoly Power
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: b. role and interdependence of households; firms; and government in the circular flow model of economic activity A4 INSTITUTIONS: We develop frameworks for interacting that help us to trust each other and make deals.
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: d. financial institutions and securities markets A4 INSTITUTIONS: We develop frameworks for interacting that help us to trust each other and make deals.
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: e. importance of rule of law in a market economy for enforcement of contracts A4 INSTITUTIONS: We develop frameworks for interacting that help us to trust each other and make deals.
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: e. importance of rule of law in a market economy for enforcement of contracts Progress
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: e. importance of rule of law in a market economy for enforcement of contracts Benefits for Bystanders
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: a. why voluntary exchange occurs only when all participating parties expect to gain from the exchange A1 TRADE: We thrive as human beings because we learned to make deals with strangers.
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: b. role and interdependence of households; firms; and government in the circular flow model of economic activity Institutions of Commercial Society
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: d. financial institutions and securities markets Institutions of Commercial Society
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure The Entrepreneur as a Resource Integrator
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure Entrepreneurship as an Effectual Process
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: a. why voluntary exchange occurs only when all participating parties expect to gain from the exchange Markets Don’t Exist
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure Creating Value
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure Competitive Advantage - The dynamics of remaining viable
C2: Microeconomics PO 1 Describe how the interdependence of both households and firms is affected by trade; exchange; money; and banking: c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure The Big Errors
C2: Microeconomics PO 2 Describe how markets function: b. how a market price is determined A Market: Supply and Demand
C2: Microeconomics PO 2 Describe how markets function: b. how a market price is determined Influences on Predicted Price and Quantity
C2: Microeconomics PO 2 Describe how markets function: c. graphs that demonstrate changes in supply and demand Influences on Predicted Price and Quantity
C2: Microeconomics PO 2 Describe how markets function: d. how price ceilings and floors cause shortages or surpluses Price Controls
C2: Microeconomics PO 2 Describe how markets function: f. theory of production and the role of cost ADVANCED: Theory of Production; Supplier Cost Curves
C2: Microeconomics PO 2 Describe how markets function: f. theory of production and the role of cost Entry and Exit (role of profit)
C2: Microeconomics PO 2 Describe how markets function: f. theory of production and the role of cost Creative Destruction
C2: Microeconomics PO 2 Describe how markets function: d. how price ceilings and floors cause shortages or surpluses Price Controls and Decision Making
C2: Microeconomics PO 2 PO 2. Describe how markets function: e. comparison of monopolistic and competitive behaviors Monopoly Power
C2: Microeconomics PO 3 Describe how government policies influence the economy: b. use of federal; state & local government spending to provide national defense; address environmental concerns; define & enforce property; consumer & worker rights; regulate markets; & provide good Benefits for Bystanders
C2: Microeconomics PO 3 Describe how government policies influence the economy: b. use of federal; state & local government spending to provide national defense; address environmental concerns; define & enforce property; consumer & worker rights; regulate markets; & provide good Tragedy of the Commons
C2: Microeconomics PO 3 Describe how government policies influence the economy: a. need to compare costs and benefits of government policies before taking action International Trade and Trade Protection
C2: Microeconomics PO 3 Describe how government policies influence the economy: c. effects of progressive; proportional; and regressive taxes on different income groups Fiscal Policy
C2: Microeconomics PO 3 Describe how government policies influence the economy: d. role of self-interest in decisions of voters; elected officials; and public employees Public Choice
C2: Microeconomics PO 3 Describe how government policies influence the economy: d. role of self-interest in decisions of voters; elected officials; and public employees Knowledge Discovery
C2: Microeconomics PO 3 Describe how government policies influence the economy: a. need to compare costs and benefits of government policies before taking action Price Controls and Decision Making
C2: Microeconomics PO 3 Describe how government policies influence the economy: b. use of federal; state & local government spending to provide national defense; address environmental concerns; define & enforce property; consumer & worker rights; regulate markets; & provide good Price Controls and Decision Making
C3: Macroeconomics PO 1 Determine how inflation; unemployment; and gross domestic product statistics are used in policy decisions. Measuring Economies
C3: Macroeconomics PO 1 Determine how inflation; unemployment; and gross domestic product statistics are used in policy decisions. GDP – Gross Domestic Product
C3: Macroeconomics PO 1 Determine how inflation; unemployment; and gross domestic product statistics are used in policy decisions. Price Level – CPI; GDP Deflator
C3: Macroeconomics PO 2 Explain the effects of inflation and deflation on different groups (e.g.; borrowers v. lenders; fixed income/cost of living adjustments). Monetary Policy
C3: Macroeconomics PO 3 Describe the economic and non-economic consequences of unemployment. Unemployment Rate
C3: Macroeconomics PO 4 Analyze fiscal policy and its effects on inflation; unemployment; and economic growth. Fiscal Policy
C3: Macroeconomics PO 5 Describe the functions of the Federal Reserve System (e.g.; banking regulation and supervision; financial services; monetary policy) and their influences on the economy. Monetary Policy
C3: Macroeconomics PO 6 Explain the effects of monetary policy on unemployment; inflation; and economic growth. Monetary Policy
C3: Macroeconomics PO 7 Determine how investment in factories; machinery; new technology; and the health; education; and training of people can raise future standards of living. Progress and Wealth Creation
C4: Global Economics PO 1 Analyze the similarities and differences among economic systems: d. role of private property in conserving scarce resources and providing incentives in a market economy Property
C4: Global Economics PO 1 Analyze the similarities and differences among economic systems: a. characteristics of market; command; and mixed economic systems; including roles of production; distribution; and consumption of goods and services Institutions of Commercial Society
C4: Global Economics PO 1 Analyze the similarities and differences among economic systems: c. characteristics of the mixed-market economy of the US; including such concepts as private ownership; profit motive; consumer sovereignty; competition; and government regulation Institutions of Commercial Society
C4: Global Economics PO 1 Analyze the similarities and differences among economic systems: c. characteristics of the mixed-market economy of the US; including such concepts as private ownership; profit motive; consumer sovereignty; competition; and government regulation Knowledge Discovery
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: a. how people and nations gain through trade Comparative Advantage
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: b. how the law of comparative advantage leads to specialization and trade Comparative Advantage
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: b. how the law of comparative advantage leads to specialization and trade Progress and Wealth Creation
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: f. factors that influence the major world patterns of economic activity including the differing costs of production between developed and developing countries Progress and Wealth Creation
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: c. effects of protectionism; including tariffs and quotas on international trade and on a nation’s standard of living International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: e. how the concepts of balance of trade and balance of payments are used to measure international trade International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: g. economic connections among different regions; including changing alignments in world trade partners International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: h. identify the effects of trade agreements (e.g.;North American Free Trade Agreement) International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: a. how people and nations gain through trade International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: d. how exchange rates work and how they affect international trade International Trade and Trade Protection
C4: Global Economics PO 2 Describe the effects of international trade on the United States and other nations: f. factors that influence the major world patterns of economic activity including the differing costs of production between developed and developing countries Division of Labor
C5: Personal Finance PO 1 Explain how education; career choices; and family obligations affect future income. Long Run and Short Run Thinking
C5: Personal Finance PO 1 Explain how education; career choices; and family obligations affect future income. Budgeting
C5: Personal Finance PO 2 Analyze how advertising influences consumer choices. Marketing Fundamentals
C5: Personal Finance PO 3 Determine short- and long-term financial goals and plans; including income; spending; saving; and investing. Budgeting
C5: Personal Finance PO 4 Compare the advantages and disadvantages of using various forms of credit and the determinants of credit history. Credit and Compound Interest (growth)
C5: Personal Finance PO 5 Explain the risk; return; and liquidity of short- and long-term saving and investment vehicles. Accounting Basics
C5: Personal Finance PO 5 Explain the risk; return; and liquidity of short- and long-term saving and investment vehicles
School country
United StatesSchool state
ArizonaSchool city
GlendaleSchool / district Address
6330 W. Thunderbird RoadSchool zip code
85306Requested competency code
Social ScienceDate submitted
Approved
YesApproved competency code
- SSCI
- 1 year of other Social Science