THIS SITE WILL SERVE YOU AS THE STUDENT AS A RESOURCE FOR YOUR TRIMESTER COURSE IN ECONOMICS.
Essential question for the course:
How do economic decisions impact our world?
Economics Basics and Fundamentals
To what extent do the principles of a market economy influence decision makers?
Targets: The Role of Choices in Economics, Economic Systems
What are the most influential principles of a market economy?
What factors influence decision making?
How does scarcity impact the decisions individuals and groups make?
How do resources travel through our economic system to address the problem of scarcity?
Why does everyone experience scarcity?
In what situations should a cost benefit analysis be used?
Opportunity Cost (Marginal Cost/Benefit)
F of P
3 Economics Systems (Market, Command, Traditional)
3 Basic Economic Questions
Capitalism; Mixed Economy; Free Enterprise System; 6 Goals of Free Enterprise System; Lassiaz Faire
Personal Finance and Planning
How do circumstances influence individuals in making sound and purposeful financial decisions ensuring personal economic success?
(in the US Economy and Global Economy)
Personal Portfolio Part I: Career and Budget
Personal Portfolio Part II: Credit
Personal Portfolio Part III: Saving and Investing
Why is it important to create a budget and set goals?
Does budgeting and career choice affect your economic success?
How does Short term/long term goals affect your Education? Career?
In which ways does obtaining credit influence your economic success?
Does a diversified saving and investing portfolio ensure economic success?
Why is it important to have a diversified portfolio?
How fair and effective are markets at reaching equilibrium?
Demand- What are markets? What factors influence consumers purchasing decisions?
Supply- What factors influence the production decisions of producers?
Price- Collectively how do consumers and producers work to determine price?
Supply and Demand (Elasticity)Law
Law of Diminishing Marginal Utility
Law of Diminishing Returns
Shortage and Surplus
Structure of Business and Role in Economy
Can business and labor both achieve their goals simultaneously?
Targets: Micro/ Macro connections
What are the advantages to each way businesses organize themselves?
Does labor work in opposition to business organizations?
How do labor unions support workers?
How does the supply and demand for labor affect wages for specific jobs?
Business: types of business, market structures,
Government intervention: minimum wage
Business Organizations (SP,P,C; LP,JV,F,LLC/Mergers)
Government Regulatory Agencies
Anti Trust Legislation
MacroEconomics- The Economy's Big Picture
Unit 5: (Part 1)
Can monitoring the economy prevent economic instability?
How do we measure the health of the economy?
What do economists do with the information from economic indicators?
Under what conditions are economic expansions or contractions problematic?
Why is one indicator (GDP; GNP; CPI etc.) better to measure the health of the economy?
Economic challenges: inflation, unemployment, poverty
Unit 5: (Part 2)
When does government intervention go too far?
In what ways does the government intervene the U.S. economy?
How does government taxing and spending impact the economy?
How does the Federal Reserve’s know which tool of monetary policy will ensure economic stability?
What is the benefit of government intervention in the economy?
The Role of Government in Free Market Systems
The Federal Reserve and Monetary Policy
International Economics- Globalization
To what extent are globalization and international trade creating a better world?
Targets: The Global Economy
Should nations encourage development of their economies in a globalizing world?
Who are the winners and losers of globalization and international trade?
How can development be encouraged or limited?
What factors encourage or hinder economic development?
Are we better off when we trade with other countries?
Why do countries trade with each other?
What can governments do to encourage or discourage trade?
How do exchange rates impact a country’s balance of trade?
Comparative Advantage vs. Absolute Advantage
Final Cumulative Assessment