Thinking Like an Economist
In this section, students learn to apply economic reasoning to everyday decision-making. They will explore fundamental concepts like wants and needs, and distinguish between goods and services. This module introduces the principles of a market economy and capitalism, encouraging students to understand how choices affect resource allocation and the broader economy.
Understanding Markets
Here, students dive into the workings of supply and demand, exploring how these forces shape markets and influence prices. The course covers the impact of economic growth on standards of living, helping students understand how changes in market conditions can affect communities and economies at different levels.
Business and Labor
Students examine the dynamics of businesses, focusing on profit, loss, and the considerations that entrepreneurs must weigh when starting or expanding a business. This module also delves into the risks and benefits of business ventures, the importance of innovation, and the role of labor systems in the economy. It encourages critical thinking about how businesses and workers interact within the economy, and how these interactions drive economic progress.
Financial Literacy and Money Management
This part of the course teaches students essential financial skills such as budgeting, saving, and investing. It covers the basics of credit and debt, helping students understand how to make informed financial decisions for long-term stability. This section also explores how individuals' financial decisions impact the broader economy.
Role of Government and Policy
Students explore the role of government in economic systems, including how policies can influence markets and economic outcomes. Topics include taxation, government spending, and regulatory frameworks that shape economic activities. This module helps students grasp the balance between market forces and government intervention.
Global Economics
This section introduces students to the principles of international trade, globalization, and the interconnected nature of world economies. They will learn about the benefits and challenges of trade, as well as how economies adapt to changes in the global market. This module prepares students to think critically about economic issues on a global scale.
Contemporary Economic Issues
In this module, students will engage with current economic issues, such as income inequality, inflation, and environmental sustainability. They will analyze how these challenges impact both local and global communities, using economic reasoning to evaluate potential solutions and their trade-offs.