Course Description:

Economics I and II studies how individuals, businesses, and governments make choices given their unlimited wants but limited resources. Specific units include:

ECONOMICS I

1. INTRODUCTION TO ECONOMICS
What Is Economics?
Economic Systems
2. THE AMERICAN FREE ENTERPRISE SYSTEM
Consumers and Demand
Producers and Supply
How Prices Are Determined
3. THE AMERICAN ECONOMY AT WORK
American Business
Stocks and Bonds
Competition
Workers and Wages
Labor Unions
4. THE ROLE OF THE CONSUMER
Consumer Spending
Saving and Borrowing

ECONOMICS II

1. MONEY AND BANKING
Money
Banks and the Federal Reserve
2. HOW WELL IS THE ECONOMY IS DOING?
Gross Domestic Product
Inflation
Unemployment
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
International Trade
Developing Countries


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.