Introduction to Economics Syllabus
This college preparation 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. We will begin class each day with a reading quiz on the following chapters.
Scarcity Chapters 1, 2, 16, 17
Opportunity Cost
The Economic Resources
Production Possibility Curves
Comparative Economics
The Economics of the Market Economy: Microeconomic Supply and Demand
Profit Chapters 3, 4, 5
The Law of Demand
The Law of Supply
Price Equilibrium
Competition
Perfect and Imperfect Competition Chapters 6, 7, 8, 18
Oligopolies
Monopolies
Competition of Labor
Globalism
Macroeconomics
Circular Flow of Money and Products
The Business Cycle
GDP and other measures of economic growth
Poverty and Income Equality
Fiscal Policy
Fiscal Policy Chapters 12, 15
Taxation
Government Spending
Macroeconomic School of Thoughts
Monetary Policy
Money Chapters 13, 14
Federal Reserve System
Savings
The Stock Market and Financial Planning