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Economics

Subject: Social Studies

Course Description:

Economic decisions affect us every day of our lives. Understanding economics means thinking about how scarcity, or limited resources, requires us to make choices and evaluate one option against others. In this course, you will recognize examples of economics in your daily life. You will see how the economic choices of larger groups, like businesses and governments, affect you and others. As you progress through the course, you will recognize that the costs and benefits of choices connect individuals and groups around the world. The purpose of this course is to help you become a smart consumer who understands the flow of an economy between individuals, businesses, governments, and the rest of the world.

Major Topics:

Segment 1:

  • • Study of Economics
  • • Scarcity and Choice
  • • Opportunity Cost
  • • Supply and Demand
  • • Money
  • • Wants and Needs
  • • Career and Income
  • • Taxes
  • • Saving and Investing
  • • Credit
  • • Budgets
  • • Entrepreneurship
  • • Factors of Production
  • • Business Organization
  • • Market Competition
  • • Marginal Cost Analysis
  • • Production Possibilities
  • • Business Cycle
  • • Government and the Economy
  • • The Federal Reserve
  • • Monetary Policy and Fiscal Policy
  • • Economic Goals and Measurement
  • • Comparative Advantage and Trade
  • • Inflation
  • • Circular Flow
  • • Externalities
  • • Public Policy Analysis

Participation Requirements:

Besides engaging students in challenging curriculum, FLVS guides students to reflect on their learning and to evaluate their progress through a variety of assessments. Assessments can be in the form of self-checks, collaboration activities, practice lessons, multiple choice questions, writing assignments, projects, research papers, essays, discussion-based assessments, and student discussions. Nationally-recognized educational frameworks guide assessment design. Instructors evaluate progress and provide interventions through the variety of assessments built into a course, as well as through contact with the student in other venues.

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Course Details

  • Course Code: 2102310
  • Course Credits: 1.0

Prerequisits:
This course is recommended for students in 11th grade. There are no prerequisites for the Economics course, however, successful completion of English 1 and Algebra I is strongly recommended.

Estimated Completion:
1 segment / 16-18 weeks