The Economics (semester) course provides an aggregate investigation of macro and micro economic principles and personal financial literacy. The course applies economic principles through authentic, real-world experiences using analytical and activity based lessons. Students acquire knowledge of scarcity and allocation of natural, human, and capital resources that require individuals, businesses, and governments to make decisions with economic impact. Students understand how government policies and competition affect the price of goods and services exchanged in the U.S. and global marketplace. Areas of focus include defining market structures, comparing economic systems, analyzing policies aimed at stabilizing economies. Particular emphasis is given to national income, unemployment, inflation, economic growth, and the business cycle, as well as, knowledge and skills to develop sound financial habits.
Course Note: This course fulfills the Social Studies Elective (.5) requirement.