This course will provide students with an understanding of fundamental economic ideas, along with the concepts and skills necessary to reason logically about key economic issues that affect their lives as workers, consumers, producers and citizens. This course provides an overview of microeconomic and macroeconomic issues and an understanding of the economic choices that individuals, firms, and governments face. This course also discusses the meaning and computation of national income, inflation, unemployment, economic growth, international trade, and the impact of fiscal and monetary policies on the economy.
Honors Economics: An accelerated course that focuses on key macro and micro economic concepts as well as key economic philosophies and theory.
Economic Decision Making
D2.Eco.1.9-12. Analyze how incentives influence choices that may result in policies with a range of costs and benefits for different groups.
D2.Eco.2.9-12. Use marginal benefits and marginal costs to construct an argument for or against an approach or solution to an economic issue.
The National Economy
D2.Eco.10.9-12. Use current data to explain the influence of changes in spending, production, and the money supply on various economic conditions.
D2.Eco.11.9-12. Use economic indicators to analyze the current and future state of the economy.
D2.Eco.12.9-12. Evaluate the selection of monetary and fiscal policies in a variety of economic conditions.
D2.Eco.13.9-12. Explain why advancements in technology and investments in capital goods and human capital increase economic growth and standards of living.
The Global Economy
D2.Eco.14.9-12. Analyze the role of comparative advantage in international trade of goods and services.
D2.Eco.15.9-12. Explain how current globalization trends and policies affect economic growth, labor markets, rights of citizens, the environment, and resource and income distribution in different nations.
Exchange & Markets
D2.Eco.3.9-12. Analyze the ways in which incentives influence what is produced and distributed in a market system.
D2.Eco.4.9-12. Evaluate the extent to which competition among sellers and among buyers exists in specific markets
D2.Eco.5.9-12. Describe the consequences of competition in specific markets.
D2.Eco.6.9-12. Generate possible explanations for a government role in markets when market inefficiencies exist.
D2.Eco.7.9-12. Use benefits and costs to evaluate the effectiveness of government policies to improve market outcomes.
D2.Eco.8.9-12. Describe the possible consequences, both intended and unintended, of government policies to improve market outcomes.
D2.Eco.9.9-12. Describe the roles of institutions such as clearly defined property rights and the rule of law in a market economy.