Course Outline

 

In this class, we study how people choose to use limited resources (money, goods and services) to satisfy their needs and wants.  It is the study of the choices we make as buyers and sellers of these goods and services.  Because economics is so important and is a broad topic, we look at all major parts of the economy including international trade, corporations, stocks and bonds, saving and investing and personal budgeting.   Below, you will find a list of topics, which students will have to demonstrate their abilities on examinations:

 

  1. The Proprietorship and Partnership
  2. The Corporation
  3. Goods and Services: What are they?
  4. The Production Cycle, Gross Domestic Product (GDP), and the Mixed Market Economy
  5. Supply and Demand: What is that about?
  6. Inflation: Is it important?
  7. Advertising
  8. Budgeting: Use it and save more!
  9. Saving and Investing
  10. Using Consumer Credit Wisely: How do I establish credit?
  11. Insurance: It’s a form of investment, too!
  12. Social Insurance

 

 

Students will be expected to actively participate in discussions on a daily basis.  No student will be at a disadvantage in this course. Economics is an engaging class.  Students find the topics interesting because they deal with things that are important to their lives: insuring a car, buying a house, finding a job, establishing credit, how to start a business, etc. 

 

 

  1. International Trade: Will I loose my job to another country?
  2. Regulating International Trade
  3. Paying for International Trade
  4. Life in Other Lands: Gee, I never knew I had it so good in America.

 

 

The world is becoming a small place.  The economies of the world are connected.  Jobs are moving from country to country.   It helps some nations and hurts others.  Most importantly, it affects everyone.  In the future, these last topics will become increasingly important.

 

 

Course Requirements

 

Economics will be a fast paced course.  Each chapter is an independent unit. Each chapter will be completed in a two-day period.  Every other the day, students will be required to take a test on the materials covered in the previous two-day period.    Students must pass 80% of the tests in order to receive credit for the course.  The passing grade is 70%.   

 

Assignments:  Students will be required to do assignments on: budgeting, writing essays on, at least,

3 current events topics, such as: inventions that have changed the U.S. economy, insurance fraud and how it affects insurance rates, being black and poor and entering the job market, etc.  Students will be allowed to research topics which they find personal interesting, such as: the economy of Trinidad and compared the Haiti, investing in the stock market, and credit identity theft.