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Honors Economics

Reasons to study Economics

“There’s no such thing as a free lunch.” Milton Friedman.  Honors Economics explains this.


The exchange of goods and services is universal.  High school students are important actors in our economic system.

This gives an introduction to college economics classes that are requirements for business majors, and most general studies programs.  


Introductory Economics is frequently used as a “weed out” class and/or one taught by TA’s (teaching assistant) who’s version of English may take a while to get used to.  It is an important and fun part of the higher education experience to have professors/instructors from all over the world.  You’ll get used to their accents, but you might fall behind for a little while.


Class Outline and Schedule:

Unit 1: Introduction to Economics (chapters 1 & 2)

Scarcity, opportunity cost, types of economies, US economy

Unit test August 30/31


Unit 2: Elements of Microeconomics (chapters 3, 4, 5, 6)

Demand, supply, markets, competition

Unit Test September 28/29


Unit 3: Free Enterprise (Chapters 7, 8, 9)

Business organizations, labor, unions, capital

Unit test October 31/November 1


Unit 4: Elements of Macroeconomics (chapters 10, 11) 

Aggregate supply and demand, GNP, GDP

Unit test November 16/17


Unit 5 Government (chapters 12, 13, 14, 15)

The Fed, monetary policy, fiscal policy

Unit test will be part of semester exam


Note: International Economies (chapters 16, 17, 18)

Development, developing, international trade

Included in units 1 & 4


Note: Your required state consumer education requirement is satisfied via the completion of various activities and assignments designed to give you a background in the basics of consumer education.


Grade Breakdown

Classwork 50%

Tests & Quizzes 50%

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