Unit One - Introduction to Economics and Economic Systems
· Scarcity
· Decision Making/cost-benefit analysis
· Trade-offs
· Incentives
· Opportunity costs
· Needs and wants
· Economic systems
· Pros and cons of the free market
Unit Two - Microeconomics
· Competition and market structures
· Markets and prices
· Price ceilings and floors
· Producers
· Profit
· Roles of government
· Consumers
· Entrepreneurs
Supply and Demand
· Curves
· Substitutes
· Complements
· Equilibrium price
· Surpluses and shortages
· Elasticity of demand
· Shift v. movement
· Factors that shift supply/demand
Unit Three - Macroeconomics
· Economic growth
· GDP
· Business cycles
· Inflation
· Employment/unemployment
· Labor and wages
· Taxation
· State/Federal income tax returns
· Budget deficits, surplus and the national debt
Fiscal and Monetary Policy
· Government intervention in markets
· The Federal Reserve
· Monetary policy
· Fiscal policy
· Federal Reserve ratio and requirement
· Loose v. tight
· Discount rate
· Interest rates
· Expansionary v. restrictive
Unit Four – Wealth, Poverty and Ethics
· Distribution of income
· Income inequality
· Labor and unions
· Poverty
Unit Five - International Economy
· Global economics
· Developing v. developed nations
· Multinational corporations
· Global economic development
· Balance of trade and balance of payments
· Barriers to trade
· Benefits of trade/comparative advantage
· Global challenges
Unit Six - Personal Finance and Investing
· Money management/budgeting
· Checking/savings accounts
· Compound interest
· Credit
· Financial markets
· Stocks
· Bonds
· Mutual funds
· Insurance
· Saving and investing
· Personal Finance Portfolio
· Scarcity
· Decision Making/cost-benefit analysis
· Trade-offs
· Incentives
· Opportunity costs
· Needs and wants
· Economic systems
· Pros and cons of the free market
Unit Two - Microeconomics
· Competition and market structures
· Markets and prices
· Price ceilings and floors
· Producers
· Profit
· Roles of government
· Consumers
· Entrepreneurs
Supply and Demand
· Curves
· Substitutes
· Complements
· Equilibrium price
· Surpluses and shortages
· Elasticity of demand
· Shift v. movement
· Factors that shift supply/demand
Unit Three - Macroeconomics
· Economic growth
· GDP
· Business cycles
· Inflation
· Employment/unemployment
· Labor and wages
· Taxation
· State/Federal income tax returns
· Budget deficits, surplus and the national debt
Fiscal and Monetary Policy
· Government intervention in markets
· The Federal Reserve
· Monetary policy
· Fiscal policy
· Federal Reserve ratio and requirement
· Loose v. tight
· Discount rate
· Interest rates
· Expansionary v. restrictive
Unit Four – Wealth, Poverty and Ethics
· Distribution of income
· Income inequality
· Labor and unions
· Poverty
Unit Five - International Economy
· Global economics
· Developing v. developed nations
· Multinational corporations
· Global economic development
· Balance of trade and balance of payments
· Barriers to trade
· Benefits of trade/comparative advantage
· Global challenges
Unit Six - Personal Finance and Investing
· Money management/budgeting
· Checking/savings accounts
· Compound interest
· Credit
· Financial markets
· Stocks
· Bonds
· Mutual funds
· Insurance
· Saving and investing
· Personal Finance Portfolio