Economics (History/Social Science Elective; US)

Grades 11–12

This yearlong course provides a broad view of the social science of economics. It builds on real world applications so that students can gain a basic understanding of economic concepts and our economic system. Students will explore both microeconomics and macroeconomics and relate these systems to familiar, real world situations. Students will be introduced to the basics of economic principles and will learn the importance of understanding different economic systems. They will be presented with economic applications in today’s world in order to understand, analyze, and interpret economic concepts such as the laws of supply and demand, market systems and structures, money and banking, domestic and global economic performance and trade, monetary and fiscal policy interventions, and unemployment and inflation. Upon completion of this course, students should be able to:

Upon completion of this course, students should be able to: 

• Explain the basic concepts of economics

• Compare and contrast traditional, command, market, and mixed economic systems

• Evaluate how supply and demand work together to determine market prices

• Describe economic factors involved in business, including product markets and factor markets

• Discuss components of the US economy and ways to measure domestic economic performance

Students will also use their learning to:

• Analyze the traditional role of markets in order to predict future trends and issues

• Make educated strategic decisions that contribute to the ideal climate for the success of business

• Justify banking and financial decisions that impact personal and business solvency

• Develop and justify policy recommendations that provide for the optimum health of the US economy

• Develop and justify policy recommendations to promote necessary changes to the international economic system


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