• econ

    ECONOMICS: Societies around the world encounter trade-off decisions as they utilize their scarce resources, and Economics is the study of this decision-making process.  This course introduces students to economic and market structures, the global economy, fiscal and monetary policy, pricing and production decision-making, international trade, and foreign exchange. The curriculum covers both macro- and microeconomic concepts. All course materials, assignments, and homework can be found in our Google Classroom.

  • WHAT WE COVER

    Chapters 1 and 2

    1. Scarcity, choice, and opportunity cost
    2. Production possibilities curve
    3. The three economic questions
    4. Economic systems

     Chapter 4

    1. Demand
    2. Shifts in the demand curve
    3. Elasticity of demand

     Chapter 5

    1. Supply
    2. Shifts in the supply curve
    3. Costs of production

     Chapters 6 and 7

    1. Combining demand and supply
    2. Pricing and market equilibrium
    3. Costs of production
    4. Market Structures

     Chapters 12 and 13

    1. GDP, Unemployment and Inflation
    2. Aggregate supply and aggregate demand
    3. Long-run macroeconomic equilibrium

     Chapter 14

    1. Taxes
    2. Stabilization: Fiscal Policy

    Chapters 10 and 16

    1. Money and banking
    2. The Federal Reserve
    3. Stabilization: Monetary Policy

     Chapter 17

    1. International Trade
    2. Absolute and comparative advantage
    3. Foreign exchange markets