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High School Economics

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Suggested Prerequisites

Algebra 1

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 yourself 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.

Module One: Economics and You

-Three basic economic questions

-Scarcity and opportunity cost 

-Cost-benefit analysis

-Demand and supply

-How price is determined

-Functions and characteristics of the money supply

-Taxes and tax returns

-Cash management, savings, and investment accounts

-Interest rates and inflation

-Budgeting


Module Two: Markets and You

-Factors of production

-Entrepreneurship

-Different forms of business organization

-Characteristics of different market structures

-Productivity and marginal cost analysis

-Production possibilities curves 

-Positive and negative externalities

-Wage and price controls

-Natural monopolies and the purposes of government regulation


Module Three: The National Economy and You

-The business cycle

-Tools and goals of fiscal policy

-The Federal Reserve System

-Tools and goals of monetary policy

-Traditional, market, command, and mixed economies

-Broad economic goals and indicators of national economic health

-Absolute and comparative advantage

-Free trade and barriers to trade

-Effects of inflation

-International exchange rates

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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