This college prep course in Economics will focus on economic theories associated with our market economy.  The following is a list of topics and correlating chapters that we will be studying. 

The Economic Questions:  Past, Present, and Future            

Scarcity                                                                                    Chpts. 1, 2, 18.1 & 18.3

Costs

Opportunity Costs

Production Possibility Curves

Factors of Productions/ Economic Resources

Comparative Economics and Developmental Models

 

The Market Economy:  Microeconomics                                   

Profit                                                                                        Chpts.  3, 4, 5, 6

Supply & Demand

Equilibrium

Utility & Returns

 

Competition                                                                    Chpts.  7, 8, 9, 17, 18.2

Circular Flow of Money &Products

Perfect & imperfect Competition

Models of Competition

Types of businesses

Competition in the Labor Market

Globalization

 

Macroeconomics                                                                        Chpts. 12, 13

GDP

Aggregate Supply and Demand

Business cycle

Macroeconomic problems and indicators

Macroeconomic developmental models

 

Fiscal Policy                                                                        Chpts.  14, 15

Government in the economy

Fiscal Policy

Taxation

 

Monetary Policy                                                                        Chpts.  10, 16             

Money

Federal Reserve System

           

The Stock Market and Financial Planning                  Chpts. 11 and supplementary materials

 

 

Textbook Website:  http://www.classzone.com