Economics

  • Economics Syllabus

    Unit 1 Fundamentals: This unit will focus on basic foundations in economics. Students will have opportunities to connect basic economic fundamentals to past, present, and future life choices. Looking through the lens of incentives, students will identify the benefits enjoyed and the costs incurred from past decisions. The theme of scarcity will help students to understand the limited nature of their own productive resources. Looking at interdependence, students will analyze how their own choices reflect allocation of scarce resources.

    Unit 2 Microeconomics: This unit will focus on what motivates trade and why businesses and individuals specialize in a specific skill. You will learn how decisions made by one person, business, or group affect others and how scarcity drives decision making. You will also learn that many people or parties respond predictably to both positive and negative incentives.

    Unit 3: Macroeconomics:  This unit will focus on macroeconomic concepts. Incorporating the theme of Incentives, students will analyze how various tools of fiscal and monetary policy can be used to improve economic performance. Applying the theme of Interdependency, students will discuss the impact of fiscal and monetary policies, the trade-offs policy makers must consider, and how different policy options increase or reduce the national deficit/debt. Using the theme of Scarcity, the students will discuss how a nation’s economic system and its prioritization of social economic goals will influence policy options as well as the type of and distribution methods for public goods and services.

    Unit 4 International Economics: This unit will focus on macroeconomic concepts. Incorporating the theme of Incentives, students will analyze how various tools of fiscal and monetary policy can be used to improve economic performance. Applying the theme of Interdependency, students will discuss the impact of fiscal and monetary policies, the trade-offs policy makers must consider, and how different policy options increase or reduce the national deficit/debt. Using the theme of Scarcity, the students will discuss how a nation’s economic system and its prioritization of social economic goals will influence policy options as well as the type of and distribution methods for public goods and services.
     

    Unit 5 Personal Finance: This unit will focus on personal finance concepts. Students will incorporate the theme of Incentives, analyzing how households can gain and lose through various forms of personal savings/investment, insurance, credit, and skill development. Students will apply the theme of interdependency, evaluating how the potential gains and losses they predict could be affected by changing economic factors.