Economics is a comprehensive survey of the ways in which human decisions impact the world every day. Microeconomic concepts including supply and demand, business transactions, the fundamentals of work, and others offer students a glimpse into the effect of personal economic decisions upon the world. Macroeconomic concepts such as the fiscal policy of governments, trade, natural resource use, and other big picture topics offer a more broad view of the world’s economic systems. In its entirety, this course illuminates the ways in which people from around the world are connected to one another and their natural surroundings every day.
- Uses, characteristics, and value of money
- Macroeconomic theory
- American fiscal policy
- The business cycle
- Gross domestic product (GDP)
- Budgets and national debt
- Taxes and government spending The history of banking in the United States
- Types and roles of financial institutions
- The Federal Reserve System
- Inflation and deflation
- Imports and exports
- Global trade and international trade organizations
- National economic development
- Analyze how money, in its various forms and uses, impacts the economy.
- Explain how fiscal and monetary policies are used to determine economic goals and impact the economy.
- Analyze the roles income distribution, production, and taxes play in the economy.
- Create a tax plan after gaining an understanding of how and why governments use taxes. Explain how banking systems evolved over time and led to the creation of the Federal
- Reserve System.
- Analyze the role of the Federal Reserve System in impacting the economy through monetary policy and other economic tools.
- Analyze the global economic development of nations and the various roles of the US economy around the world.
- Design a currency based on principles of value, taking into account the recent democratization of currency.