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High School Economics for Credit Recovery

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Suggested Prerequisites

Economics

Description

Economic decisions affect us every day of our lives. Understanding economics involves considering how scarcity, or limited resources, prompts us to make choices and evaluate our options. In this course, students will recognize examples of economics in their daily lives. They will understand how the economic choices of larger groups, like businesses and governments, affect them and others. As students progress through the course, they will recognize that the costs and benefits of choices connect individuals and groups around the world.Please note that this is a Credit Recovery course. Credit Recovery courses are not NCAA approved and should not be used by student athletes attempting to recover credits.

Module One: Economics and You

-three basic economic questions

-scarcity and opportunity cost 

-demand and supply

-equilibrium price 

-savings and checking accounts

-savings and investment types

-risk and rate of return on investments

-budgeting


Module Two: Markets and You

-circular-flow diagram

-factors of production

-entrepreneurship

-market competition

-factors that impact the earnings of workers

-production possibilities curves 

-capital investments

-positive and negative externalities

-impact of externalities on consumers and society


Module Three: The National Economy and You

-phases of the business cycle

-unemployment and inflation

-tools and goals of fiscal policy

-debt, deficit, and surplus

-tools and goals of monetary policy

-theories of prominent economists

-broad economic goals

-indicators of national economic health

-absolute and comparative advantage

-effects of inflation on different levels of society

NCAA-Approved Courses

Our NCAA approved courses are updated often. Please visit the NCAA Eligibility Center and use our school code to see all current eligible courses. The FlexPoint Virtual School NCAA High School code is: 850171 

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