Economics I and II studies how individuals, businesses, and governments make choices given their unlimited wants but limited resources. Specific units include:
1. INTRODUCTION TO ECONOMICS
What Is Economics?
2. THE AMERICAN FREE ENTERPRISE SYSTEM
Consumers and Demand
Producers and Supply
How Prices Are Determined
3. THE AMERICAN ECONOMY AT WORK
Stocks and Bonds
Workers and Wages
4. THE ROLE OF THE CONSUMER
Saving and Borrowing
1. MONEY AND BANKING
Banks and the Federal Reserve
2. HOW WELL IS THE ECONOMY IS DOING?
Gross Domestic Product
The Problem of Poverty
3. GOVERNMENT AND THE ECONOMY
Government in a Free Market Economy
Government Budget and National Debt
Trying to Solve the Economy's Problems
4. A GLOBAL VIEW
As students enter the adult world, they will face many important economic decisions in their personal lives and as responsible citizens in a democratic government. Studying economics allows students to build background knowledge in order to make good economic decisions in their personal lives as well as gain an understanding of economic policy in the government and its relationship to the world market. A better understanding of choices people, businesses, and governments make due to unlimited wants and limited resources is essential to ensure students make informed decisions in the adult world.