Apply principles of consumer economics.
Includes analyzing factors that influence consumer choices and behaviors (e.g., advertising, income, needs and wants); applying the principles of budgeting; recognizing the main characteristics of different types of consumer credit and insurance; and understanding different kinds of personal savings and investments.
Understand the U.S. economic system.
Includes recognizing the structures and functions of the Federal Reserve and the Stock Exchange; examining the roles of labor and business in the U.S. economic system; understanding the factors of production; and understanding the relationship between the U.S. and global economies (e.g., theory of comparative advantage, barriers to trade, interdependence).
POLITICAL SCIENCE AND GOVERNMENT
Understand basic concepts and terms related to the study of political science.
Includes using basic concepts of political science (e.g., power, natural rights, citizenship, representation, voting rights) to examine the purpose, organization, and operation of governments; and understanding the influence of various historical developments on the evolution of government.
Understand various types of political systems and international relations.
Includes examining the main characteristics of various types of political systems (e.g., democracy, autocracy, oligarchy); comparing the functions of the branches of government in contemporary political systems; examining the operation of various regional political, economic, and military alliances; and analyzing major events that have influenced U.S. foreign policy since World War II.
Understand the U.S. system of government.
Includes recognizing the basic principles of the U.S. Constitution; analyzing the structure of the U.S. system of government; comparing the organization and operation of federal, state, and local governments in the United States; and examining the roles of political parties and special interest groups in the U.S. political system.
Understand the rights and responsibilities of U.S. citizenship.
Includes analyzing the role and function of law in a democracy; recognizing the rights and liberties included in the U.S. Constitution and the Michigan Constitution; understanding the responsibilities of citizens in a democratic society; and examining the historical development of citizenship rights (e.g., landmark court cases, amendments to constitutions).
Understand the basic concepts of law.
Includes understanding the purposes and characteristics of the U.S. legal system and the various types of courts; examining the procedures used in civil and criminal cases; understanding the rights and responsibilities related to contracts; and analyzing the factors involved in due process of law.