Economics

Unit 1: Economic Choices: How Individuals, Businesses, and Governments Make Decisions

• Introduction

• What is Economics?

• Scarcity, Choice, and Opportunity Costs

• Entrepreneurship

• Marginal Decision-Making and Economic Systems

Unit 2: Understanding Markets, Prices, Supply, and Demand

• Introduction

• Business Structures

• Market Structures

• Prices, Supply, and Demand

• Factors of Demand, Factors of Supply, and Elasticity

Unit 3: Government and the Economy

• Introduction

• Public Policy and Markets

• Government and Consumers

• Government Revenue and Public Services

• Debating the Proper Role of Government in the Economy

Unit 4: Understanding the American National Market

• Introduction

• Circular Flow and the National Economy

• Economic Indicators

• Relationship Between Expenditures and Revenue

• Current Issues in the American Economy

Unit 5: Roles of Government in the U.S. Economy

• Introduction

• Federal Government, Money, and Macroeconomics

• Economic and Financial Policy Goals

• Fiscal Policy and its Consequences

• The Federal Reserve and Monetary Policy

Unit 6: Types of Economic Systems

• Introduction

• The Developing World

• International Organizations and the World Economy

• Comparative Economic Systems

• Understanding Transitional Economies

Unit 7: Economic Interdependence: The Importance of Trade

• Introduction

• Why Nations Trade

• Domestic Activity and World Trade

• Exchange Rates and World Trade

• The Global Economy and the Marketplace

Unit 8: Understanding Personal Finance

• Introduction

• Education: Scarcity and Opportunity Costs

• Employment: Making Informed Career Decisions

• Personal Finance

• Risk Management: Insurance