CURRICULUM CATALOG ECONOMICS (2701) CA

Transcription

1 CURRICULUM CATALOG ECONOMICS (2701) CA

2 Table of Contents ECONOMICS (2701) CA COURSE OVERVIEW... 1 UNIT 1: DECISIONS, DECISIONS... 2 UNIT 2: ECONOMIC ROLES... 2 UNIT 3: THE MARKET WORKS... 2 UNIT 4: WHAT IF WE DON'T LIKE HOW THE MARKET WORKS?... 2 UNIT 5: THE MACROECONOMY... 3 UNIT 6: FINAL EXAM... 3 i

3 Course Overview This semester-long course is designed to provide students with a strong foundation of basic economic principles, with an emphasis on the free enterprise system and its benefits. Topics in this course include: Scarcity Supply and demand The economic role of the federal government The benefits of the free enterprise system Different market structures Market regulations The macroeconomy After completing the course, students should be able to answer a variety of economic questions and demonstrate a number of social studies skills. Objectives Answer the question What is the economy? Understand how scarcity impacts decision-making Analyze economic data Apply economic data Demonstrate financial literacy Additional Resources Some assignments in this course require the use of resources that must be supplied by the user. A list of these outside resources is available below: Internet access Pens, pencils, and paper Printer Encyclopedia or other research resources Calculator Post board and art supplies 1

4 Unit 1: Decisions, Decisions 1. Course Overview 11. Quiz 2: Making Informed Decisions 2. What Is Economics? 12. Making Choices 3. Cost-Benefit Analysis 13. Marginal Analysis 4. Resources 14. Distortion of True Value 5. Quiz 1: Economics and Decision Making 15. Allocation Methods 6. A World of Scarcity 16. Project: Non-Market Distribution Methods 7. Wants, Desires, and Preferences 17. Quiz 3: Analyzing Decisions and Allocation 8. What Does It Really Cost? 18. Special Project* 9. Positive and Negative Incentives 19. Test 10. Project: Efficient Decision Making 20. Alternate Test* Unit 2: Economic Roles 1. Markets 11. Quiz 2: Money and the Law 2. Consumers 12. Organizing Productive Effort 3. Producers 13. Borrow, Invest, Speculate 4. Labor 14. The Federal Government 5. Project: Participating in the Economy 15. The Federal Reserve 6. Quiz 1: Participants in the Economy 16. Quiz 3: Using and Regulating Money 7. Antitrust Laws and Property Rights 17. Special Project* 8. Intellectual Property Rights 18. Test 9. Monetary Systems 19. Alternate Test* 10. Compare Monetary Systems Unit 3: The Market Works 1. The Market's Use in the Economy 9. Price and Quantity 2. The Importance of Competition 10. Equilibrium Price and Quantity 3. Quiz 1: The Marketplace and Competition 11. The Meaning of Equilibrium 4. Law of Demand 12. Project: The Equilibrium Price 5. Law of Demand: Influential Factors 13. Quiz 3: Equilibrium, Price, and Quantity 6. Supply 14. Special Project* 7. Supply: Influential Factors 15. Test 8. Quiz 2: Supply and Demand 16. Alternate Test Unit 4: What If We Don't Like How the Market Works? 1. Market Efficiency: No Price Controls 11. Government Regulations: Environment, Anti-Trust, 2. Market Inefficiency: Price Controls and Trade 3. Project: Price Controls 12. Government Regulations: Incentives and Resource 4. Quiz 1: How the Market Works Allocation 5. Market Power and Competition 13. Project: Discussing Environmental Regulations 6. Market Structures: Monopoly 14. Quiz 3: Government Issues and Regulation 7. Market Structures: Perfect Competition 15. Special Project* 8. Labor: Its Division and Its Organization 16. Test 9. Quiz 2: Market Organization 17. Alternate Test* 10. Wage and Price Discrimination 2

5 Unit 5: The Macroeconomy 1. Looking at the Macroeconomy 10. Quiz 2: Economic Growth and Well-Being 2. Total Output, Total Income, GDP, GNP 11. Labor Market 3. Calculating the Gross Domestic Product 12. Money, Inflation, and Interest Rates 4. Quiz 1: GDP and the Macroeconomy 13. Monetary Policy vs. Fiscal Policy 5. Economic Growth 14. Project: Is Monetary Policy Effective? 6. Well-BeingΓÇöThe Standard of Living 15. Quiz 3: Fiscal Policy 7. Comparing Well-Being Around the World 16. Special Project* 8. Project: Inventing a Quality of Life Measurement 17. Test 9. The Government's Role in Economics 18. Alternate Test* Unit 6: Final Exam 1. Final Exam 2. Alternate Final Exam* (*) Indicates alternative assignment 3