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Status

Open

Estimated Completion Time

1 segment / 18 weeks

Overview

Economic decisions affect us every day of our lives. Understanding economics means thinking about how scarcity, or limited resources, requires us to make choices and evaluate one option against others. In this course, you will recognize examples of economics in your daily life. You will see how the economic choices of larger groups, like businesses and governments, affect you and others. As you progress through the course, you will recognize that the costs and benefits of choices connect individuals and groups around the world.

The purpose of this course is to help you become a smart consumer who understands the flow of an economy between individuals, businesses, governments, and the rest of the world.

 

 

Note: content varies depending on course version. For currently enrolled students, please refer to the syllabus located in the course information area for curriculum specifics.

Major Topics and Concepts

Segment I:

Economic Basics

  • 01.00 Welcome to Economics
  • 01.01 How Do I Plan for Success?
  • 01.02 What Is Economics?
  • 01.03 Why Can’t I Have It All?
  • 01.04 Demand
  • 01.05 Supply
  • 01.06 The Soap Opera of Supply and Demand
  • 01.07 The Green and What It Means
  • 01.08 What’s the Big Idea? Discussion-Based Assessment
  • 01.09 Economic Basics Exam

It All Begins With You

  • 02.00 It All Begins With You
  • 02.01 Is It a Want or a Need?
  • 02.02 Sharing With Uncle Sam?
  • 02.03 Save, Invest, or Spend?
  • 02.04 Why Budget?
  • 02.05 What’s the Big Idea?
  • 02.06 It All Begins With You Exam

Taking Care of Business

  • 03.00 Taking Care of Business
  • 03.01 Could You Be an Entrepreneur?
  • 03.02 What are Factors of Production?
  • 03.03 Who Is the Boss?
  • 03.04 Selling It!
  • 03.05 Getting the Most for Your Money
  • 03.06 Building a Better Business
  • 03.07 What’s the Big Idea? Discussion-Based Assessment
  • 03.08 Taking Care of Business Exam

Getting Political

  • 04.00 Getting Political
  • 04.01 Ultimate Roller Coaster
  • 04.02 Should the Government Control the Economy?
  • 04.03 How Does the Fed Affect Me?
  • 04.04 The Fed’s Toolbox
  • 04.05 Uncle Sam’s Toolbox
  • 04.06 What’s the Big Idea? Discussion-Based Assessment
  • 04.07 Getting Political Exam

Thinking Globally

  • 05.00 Thinking Globally
  • 05.01 How Economists’ Ideas Affect Us
  • 05.02 How Can We Organize an Economy?
  • 05.03 What are My Country’s Goals?
  • 05.04 Why Do Countries Trade?
  • 05.05 Should Free Trade Be A Goal?
  • 05.06 Does Inflation Matter?
  • 05.07 What’s the Big Idea?
  • 05.08 Thinking Globally Exam

Circular Flow

  • 06.00 Circular-Flow
  • 06.01 Economic Relationships
  • 06.02 What Are Externalities?
  • 06.03 How Do Externalities Affect You?
  • 06.04 What’s the Big Idea? Discussion-Based Assessment
  • 06.05 Circular Flow Project
  • 06.06 Segment Exam

Career

Buying Agent

Status

Closed

Estimated Completion Time

3-4 weeks

Competency

Supply and demand: Student will demonstrate understanding and application of the economic concepts of supply and demand by creating and analyzing graphs.

Project

You are a Buying Agent for a large grocery store and are responsible for evaluating the current supply and demand of products in order to manage the inventory of a food department. You will draft a memo that explains optimum inventory levels using supply and demand graphs that you create as evidence for your recommendations.

Career

Personal Financial Advisor

Status

Closed

Estimated Completion Time

3-4 weeks

Competency

Personal Finance: Student will demonstrate an understanding of the importance of money management, spending, credit, saving, and investing in a free market economy by creating investment and/or budget plans.

Project

You are a Personal Financial Advisor working for an organization that helps new immigrants get established in the United States. You advise families on their budgets and how to best manage their money. You will ensure they understand the importance of money management and how best to spend, save, and invest their money as well as how to use credit. You predominantly work with refugees from one country (of your choice) who are arriving to the U.S. and you want to have multiple options of budgets based on various family situations. You will create these sample budgets and include them in a presentation (format of your choice) to educate new citizens of your country on how to make smart money management decisions.

Career

Small Business Entrepreneur

Status

Closed

Estimated Completion Time

3-4 weeks

Competency

Microeconomics: Student will demonstrate understanding of the interaction between the factors of production and market forces by identifying the resources needed for producing goods and services and predicting how their cost and availability will impact supply, business profitability, and economic growth.

Project

You are a Small Business Entrepreneur trying to obtain funding to help launch your product or service. The potential investor needs to see that you have taken into consideration factors of production as well as outside market forces that impact your business before they agree to provide funding. You will present your idea for a product to the potential investor by showcasing your knowledge of this particular market and demonstrating your understanding of how factors of production for your product interact with forces in the marketplace.

Career

Associate Producer

Status

Closed

Estimated Completion Time

3-4 weeks

Competency

Macroeconomics: Student will demonstrate an understanding of key macroeconomic concepts including the business cycle, monetary and fiscal policy, global trade, and externalities by analyzing the economic interactions between the government, its citizens, and the rest of the world.

Project

You are an Associate Producer for a television news outlet responsible for the coverage of the market and economy. Your job is to craft the message for the on-air anchor of a weekly news program that explains the current economy in a way that is easily understood by all viewers. You will write a script to be used in a news report that explains the business cycle and current monetary policy to help viewers understand the economic interactions between the government, its citizens, and the rest of the world. You will ultimately advise viewers on whether it is a good time to invest in the stock market, to pursue a large purchase such as a car or a home, or to save money for future purchases.

Status

Open

Experiences allow students to demonstrate mastery of competencies through various real-world or hands-on learning opportunities, such as travel, service learning, independent study, internships or entrepreneurship. During an experience, students elect to meet all or some of the competencies in a particular competency group (ie. English 1, Economics, Biology, …), as an alternative to taking the course. Each experience is customized to the student’s opportunity. The student works with a VLACS instructor to determine deliverables that demonstrate mastery of the competencies and secures an outside expert to enrich the experience.

In Experiences students will:

  1. Meet weekly with their instructor.
  2. Secure an outside expert.
  3. Plan the experience prior to completing it. Credit is not awarded for experiences completed prior to enrollment and completion of the planning process.
  4. For many experiences, spend time at a business or other location.

Types of Experiences:

Independent Study

By signing up for an independent study, you will be able to direct your own learning, identifying what you want to learn and how you will demonstrate that you have mastered your learning objectives.

Internship

Internships allow you to gain professional experience, make connections, and become familiar with a career while working on site with mentors and professionals in a career of your interest.

Travel

While travel can be a great experience for learning life lessons, it is also an excellent way to acquire the knowledge and skills that allow you to demonstrate mastery in a variety of competencies. The world is a classroom and travel experiences will connect your real-world experiences to the learning that you seek.

Service Learning

In-Service Learning, you collaborate with members of your community to address issues to improve your community. You will connect your service with discipline-specific content so that learning can take place through problem solving and collaboration.

Entrepreneurship

Starting your own business is a great way to learn. This type of experience allows you to engage in an entrepreneurial experience and receive credit for competencies you master through this experience.

Credits .5

Meets economics graduation requirement. Only Economics Experience earns a badge.

Competencies

  • Economic Concepts
    Students will demonstrate an understanding of economic concepts by summarizing fundamental economic questions, evaluating opportunity cost, explaining supply and demand, and explaining the role of currency.
  • Money Management
    Students will demonstrate an understanding of money management by differentiating wants and needs, explaining considerations for saving and investing, and describing budget plans.
  • Entrepreneurial Business
    Students will demonstrate an understanding of entrepreneurial business by explaining types of entrepreneurial businesses, summarizing business hurdles, and explaining ways to ensure efficient money management.
  • Macroeconomic Concepts
    Money and the Federal Government Competency Statement: Students will demonstrate an understanding of money and the Federal Government by explaining federal involvement in money management, explaining the value fluctuation of money, and analyzing the health of the nation’s money.
  • Monetary Value in Economic Systems
    Students will demonstrate an understanding of monetary value in economic systems by explaining types of economic systems, comparing goals of a country’s economics, and explaining the value of a dollar.
  • The Effects of Money Movement
    Students will demonstrate an understanding of the effects of money movement by summarizing money movement, explaining the intended and unintended consequences of money movement, and explaining the effects of eminent domain.

Pre-Requisites

This course is recommended for students in 11th grade. There are no prerequisites for the Economics course, however, successful completion of English 1 and Algebra 1 is strongly recommended.

Honors

Course: To complete the honors version of this offering, you must discuss this with your instructor during your welcome call.

Project/Experience: Honors is awarded by earning "Exceeds" on all rubric assessments.

Attend a virtual open house

We offer regular online open house webinars where VLACS staff members provide parents and students with an overview of our programs and answer questions about online learning.