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Econ Syllabus

 

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.

 

The Economic Questions:  Past, Present, and Future

            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

            Aggregate Supply and Demand                           Chapters 10, 11

            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

           Chapter 9 and supplementary reading materials

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