Learning Recommendations: None
General Description: This semester-long course examines the allocation of scarce resources, and the economic reasoning used by people as consumers, producers, savers, investors, workers, voters, and as government agencies. Key elements include the study of scarcity, supply and demand, market structures, the role of government, national income determination, money and the role of financial institutions, economic stabilization, and trade.
Content: Economics is divided into four units:
- Economic Fundamentals
- Economic Institutions
Strategies: Combining Class discussions with small group work, focusing on both real world examples and in-class simulations, students will develop complex understanding of the issues and factors that contribute to economic growth and stagnation both theoretically and historically.
Homework: Most homework will be based around completing projects and work not finished in class.