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Welcome to Economics with Financial Literacy
Economics is a semester (2 quarter) course. Econ is worth .5 credit for high school.
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, students will recognize examples of economics in your daily life. Students will see how the economic choices of larger groups, like businesses and governments, affect students and others.
Weeks 1-3
"Welcome to Economis"
DBA (end of lesson)
Weeks 4-6
"It All Begins With You"
Weeks 7-9
"Take Care of Business"
DBA (end of lesson)
Weeks 10-12
"Getting Political"
DBA (end of lesson)
Weeks 13-15
"Thinking Globally"
Weeks 16-18
"Circular Flow"
DBA
Final Exam
What is greed? Is it good or bad?
Why Study Economics?
The purpose of this course is to help students become a smart consumer who understands the flow of an economy between individuals, businesses, governments, and the rest of the world.
Recommended Authors & Books:
1. Adam Smith; The Theory of Moral Sentiments
2. Adam Smith; The Wealth of Nations
3. Milton Friedman; Free To Choose
4. Thomas Sowell; Basic Economics
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5. Thomas Sowell; Economic Facts and Fallacies
6. F.A. Hayek; The Road to Serfdom
7. Griffin; The Creature from Jekyll Island
8. Folkson; New Deal or Raw Deal
9. Hovind; Godonomics
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10. Levitt & Dubner; Freakonomics
The power of the Free Market
Marginal Cost and Average Total Cost from the Khan Academy
Syndrome from the Disney movie, "Incredibles" explains the principals of "Suppy and Demand" perfectly!
Marginal Revenue and Marginal Cost from the Khan Academy
Federal Reserve... a 'Cancer'
Marginal Revenue Below Average Total Cost from the Khan Academy