High School Economics Course Description
Course Description: This economics course is a 30 lesson, 5 unit long course that familiarizes students with the basic concepts of the economic world. Students will be exposed to economic principles and personal financial literacy skills, which will prepare them for 21st Century challenges as thoughtful and responsible citizens. All lessons align with Council for Economic Education (CEE) and the Colorado Academic Standards (CAS) for economics.
This course includes:
5 COMPREHENSIVE UNITS
30 VIDEO LESSONS
25 REVIEW ACTIVITIES
25 EXERCISE REVIEW VIDEOS (I explain step by step how to reach the correct answer)
23 ONLINE QUIZZES
23 QUIZ ANSWER SHEETS
5 VIDEO REVIEW LESSONS WITH REVIEW SHEET
1 FINAL CUMULATIVE EXAM
---A SEMESTER OF HIGH SCHOOL ECONOMICS IN ONE EASY TO VIEW FORMAT---
COURSE SYLLABUS:
Unit 1: Thinking Like an Economist-Understand the allocation of scarce resources in societies through analysis of individual choice and market interaction. Colorado State Standards: Economics Standard 1: Productive resources – natural, human, capital – are scarce; therefore, choices are made about how individuals, businesses, governments, and societies allocate these resources
Lesson 1: You will understand why economics is often called the science of choices.
Lesson 2: You will understand the seven principles of economics.
Lesson 3: You will understand what opportunity cost is and how it applies to our everyday lives. You will understand the four factors of production, the circular flow of economic activity and how these impact economies.
Lesson 4: You will demonstrate understanding of production possibilities chart and graph and be able to use that information to make economic decisions.
Lesson 5: Unit Review
Unit 2: Supply and Demand-The flexible price system in a market based economy allows for economic efficiency. Colorado State Standards: Economics Standard 1: Productive resources – natural, human, capital – are scarce; therefore, choices are made about how individuals, businesses, governments, and societies allocate these resources. Standard 2: Economic policies affect markets Standard 3: Competition affects markets
Lesson 1: You will demonstrate understanding of the law of demand and the 6 factors that determine demand.
Lesson 2: You will be able to interpret and develop demand schedules and create demand curves.
Lesson 3: You will be able to show understanding of Elasticity of Demand.
Lesson 4: You will be able to explain the concept of supply and quantity supplied and the factors that determine supply.
Lesson 5: You will be able to explain the concept of market equilibrium and demonstrate understanding how supply and demand interact to determine price.
Unit 3: Economic Systems-Analyze and evaluate how economic policies, government and competition affect markets. Colorado State Standards: Economics Standard 2: Economic policies affect markets. Standard 3: Government and competition affect markets.
Lesson 1: You will observe short PPT on unit 3 “Economic Systems” and how the 3 Basic Economic questions are answered in each system.
Lesson 2: You will demonstrate understanding of the broad social goals for each economic system.
Lesson 3: You will demonstrate understanding price controls.
Lesson 4: You will demonstrate understanding of the Free Enterprise System and be able to effectively demonstrate how it can be applied to help poorer nations.
Lesson 5: You will demonstrate understanding of the Free Enterprise System and the role that ethics plays.
Lesson 6: You will demonstrate understanding of market structures.
Unit 4: Macro Economic Principles-The role government plays in making economic decisions and policies. Colorado State Standards: Economics Standard 1: Productive resources – natural, human, capital – are scarce; therefore, choices are made about how individuals, businesses, governments, and societies allocate these resources. Standard 2: Economic policies affect markets. Standard 3: Competition affects markets.
Lesson 1: You will demonstrate understanding of the Federal Reserve System and how The Fed can change monetary policy, or money supply.
Lesson 2: You will show understanding of GDP and how GDP is calculated and what GDP tells us about a nation’s economic health.
Lesson 3: You will show understanding of the causes of the Great Depression.
Lesson 4: You will show understanding of inflation and unemployment and how it impacts economies.
Lesson 5: You will show understanding of fiscal policy and how decisions made by national and state governments affect the economy.
Unit 5: Personal Financial Literacy-Personal finance is a lifelong skill to meet personal financial goals. Colorado State Standards: Standard 4: Design, analyze, and apply a financial plan based on short- and long-term financial goals (PFL). Standard 5: Analyze strategic spending, saving, and investment options to achieve the objectives of diversification, liquidity, income, and growth (PFL) Standard 6: The components of personal credit to manage credit and debt (PFL). Standard 7: Identify, develop, and evaluate risk-management strategies (PFL)
Lesson 1: You will show understanding of the importance of saving.
Lesson 2: You will show understanding of how to calculate Time Value of Money and The Rule of 72
Lesson 3: You will demonstrate understanding of the importance of establishing good credit.
Lesson 4: You will demonstrate understanding of retirement investment topics.
Course Review and Final Exam
Unit 1-Unit 5 Review (5 lessons)
