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.
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.
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.
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.
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.
Students will demonstrate an understanding of money management by differentiating wants and needs, explaining considerations for saving and investing, and describing budget plans.
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.
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