Course Overview

Economics is a one-semester course that introduces students to the essential principles of both microeconomics and macroeconomics. Students develop an understanding of how individuals, businesses, and governments make choices in the face of scarcity and opportunity cost, as well as how these decisions shape markets and economies.

Key Learning Focus

Students will:

• Examine the principles of scarcity, opportunity cost, and supply and demand.
• Compare free market and centrally planned economies, analyzing the role of government in each.
• Explore topics in business, labor, money, banking, and finance.
• Study economic growth, development, and challenges in both the U.S. and global contexts.

Instructional Approach

The course emphasizes active engagement with real-world economic issues through:

• Case studies illustrating the impact of economic policies.
• Data analysis and interpretation of economic trends.
• Discussions on the role of government and global interdependence.
• Problem-solving activities that encourage critical thinking and informed decision-making.

Outcome

By the end of the course, students will gain a strong foundation in economics, equipping them to:

• Understand how markets function and respond to changes.
• Recognize the impact of government policies on business and society.
• Apply economic reasoning to personal, local, national, and global decisions.
• Be prepared for further study in economics, business, finance, or political science, as well as careers in related fields.