Course Overview

Economics introduces students to the fundamental principles of both microeconomics and macroeconomics. The course emphasizes the study of scarcity, decision-making, and the allocation of resources, while exploring how individuals, businesses, and governments interact within economic systems. Students examine the role of supply and demand, opportunity cost, and market structures, as well as the influence of government on the economy. The course also highlights the importance of financial literacy and connects economic concepts to real-world issues at both the national and global levels.

Key Learning Focus

Students will:

• Understand the concepts of scarcity, opportunity cost, and trade-offs.
• Analyze how supply and demand affect prices and markets.
• Compare free-market, mixed, and centrally planned economic systems.
• Explore the roles of business, labor, money, banking, and finance.
• Investigate economic growth, development, and challenges in the U.S. and globally.
• Apply economic reasoning to current events and policy debates.

Instructional Approach

Instruction emphasizes inquiry-based learning, case studies, and data analysis. Students engage in simulations, collaborative projects, and real-world applications such as budgeting, market scenarios, and global trade studies.

Outcome

By the end of Economics, students will:

• Demonstrate understanding of fundamental economic principles.
• Analyze the roles of individuals, businesses, and government in the economy.
• Apply economic reasoning to personal finance, business, and policy decisions.
• Evaluate national and global economic challenges and potential solutions.
• Be prepared for further study in business, economics, or related social sciences.