Economics

Economics Textbook (Principles in Action) Econ youtube Channel

Economics is the study of how people try to solve the problems of scarcity. Society’s ability to produce goods and provide services is limited, while their desire for goods and services is unlimited. This course explains how societies and individuals deal with this fundamental problem. Emphasis will be on the economy of the United States in its world setting. The student will learn about the determination of prices for goods and services, money and banking, labor, business organizations, foreign trade, the government’s role in the economy, and the problems of inflation and recession. This course is designed to provide an academic understanding of the economy and the problems facing it. The course is divided into two sections; the first half of the semester consists of the microeconomic study while the second half is both macroeconomics and financial literacy. Microeconomics covers scarcity, price determination, the theory of the firm externalities, and supply and demand. Macroeconomics details public finance, fiscal and monetary policy, inflation, unemployment, and economic growth to round out the semester long course. While consumer topics are covered during the course, an emphasis is also placed on critical thinking skills, as well as the understanding, application and analysis of those economic concepts. Students will learn to question, evaluate marginal costs and benefits, and explore the various ways in which one action causes secondary actions. This course meets the requirements for Financial Literacy

Economics (Grades: 11–12) Semester Course Weight: College Prep 2½ Credits