Economics

Economics prepares students to measure the value of society's wealth and personal wealth. 

Principles of Economics is the survey course intended to push back on consumerism while redefining the mission of life and purpose of money. This is done by challenging economic systems and the underlying societal and cultural values that support those systems. Students will seek to find their place in economic growth and development on a macro, micro and personal level. 

Principles of Economics is a semester course and may be taken by students in grade 10-12.

Students completing the course will be prepared and equipped in the following standards for Being:  1, 3, 5, 6 & 7

• Introduction/Get-to-know you (Google Form)

• Black Rhinoceros Case Study (WP Article)

• Articles to Read

• Resources (places for students to research/learn, articles, case studies, etc)

• What is Economics?  

• Working Definition of Economics

• Thinking about Money

• Redeeming Money to a Biblical View

• Money's Impact on Decisions

• Choices & Opportunity Cost

• Intro to Key Concepts:

  • Economics

  • Scarcity

  • Need

  • Want

  • TINSTAAFL

  • Prices

  • Goods & Services

  • Value

  • Utility

  • Human Capital

• Intro to Economic/Political Systems

  • Impact of Economic Systems on Humans

  • Societal/Cultural Impact on Economic Systems

• Supply & Demand

  • Demand

  • Supply

• Prices & Reaction

• Competition

• Market Failure

• GDP/Debt

• Unemployment

• Minimum Wage vs. Living Wage

• Trade

• Inflation/Deflation

• Monetary/Fiscal Policy

• Personal Debt

• Interest & Rates

• Investments

• Home/Car/Job/Rent/Loans

• Insurance

• Financial Planning

• Personal Finance/Managing

• Giving/Tithing

Course Requirements

• • Access to your WCA School Account

  • BYOD - You will need to access Google Classroom and the class website

  • Willingness to collaborate & participate in discussions

Classroom Procedures & Policies

Grades 

Student grades will be broken down into four sections: Quizzes, Classroom Work & Engagement, and Projects.

• • Quizzes & Tests - We will frequently have 5-10 Point quizzes that will review key content and critical material. These quizzes will often be on Friday’s. There may be 1 or 2 tests this semester.

  • Classroom Work and Engagement- Classroom work will be assessed periodically. This will include things such as engagement in class discussions, ability to analyze and apply concepts learned in the unit, and in-class activities.

  • Projects - Projects will occur at the end of each unit and will assess students on the major concepts and themes we have learned. Projects will also assess on the integration of faith and work as we study economics.