What questions must all economic systems answer? What are the basic types of economic systems? How was the Industrial Revolution the catalyst for modern economic systems?

What was Adam Smith's vision for an "ideal" economic system? What causes people to make economic decisions that are best for society as a whole? What are the advantages and disadvantages of free-market capitalism?

What was utopian socialism? What was Robert Owen's vision for an "ideal" economic system? What problems did Owen see with free-market capitalism, as it was practiced in the mid-1800s?

What problems did Karl Marx see with free-market capitalism? What did he predict would happen? Was he right? How does communism impact our world today?

What are tariffs and should the government impose them?

What should be the role of government in the economy?

Unit Study Guide, etc.