Economics
The study of twelfth-grade economics provides students with a unique opportunity to consider the impact of choice on individuals, groups, and institutions. It offers a lens to understand and analyze human behavior, and it builds a student’s ability to make informed decisions based on relevant economic information such as an analysis of costs and benefits; the trade-offs between consumption, investment, and savings; the availability and allocation of natural resources; the distribution of resources among investors, managers, workers, and innovation; the role of the government in supporting, taxing, and investing in industries; and human and physical capital.
Course Outline and weekly assignments
Below you will find an outline for the home school curriculum. Each week will cover the lesson for one chapter. Students, coordinating with their Teacher of Record, will complete the one lesson on Monday through Wednesday and finish the guided reading worksheet assigned to each lesson. On Thursday and Friday they will review the material and then complete the chapter test. The completed work with them be turned in to their Teacher of Record for grading.
The out line is also set up to make it easy for the student to fill in their work logs.
The out line is also set up to make it easy for the student to fill in their work logs.
Unit 1: Thinking Like an Economist
- Week 1 Introduction
- Week 2 Chapter 1: What is Economics?
- Monday Lesson 1 Scarcity and the Science of Economics
- Tuesday Lesson 2 Our Economic Choices
- Wednesday Lesson 3 Using Economic Models
- Thursday and Friday Chapter 1 Test
- Week 3 Chapter 2: Economic Systems and Decision Making
- Monday Lesson 1 Economic Systems
- Tuesday Lesson 2 Mixed Economies
- Wednesday Lesson 3 The Global Transition to Capitalism
- Thursday and Friday Chapter 2 Test
- Week 4 Chapter 3: The American Free Enterprise System
- Monday Lesson 1 American Free Enterprise Capitalism
- Tuesday Lesson 2 Roles & Responsibilities in a Free Enterprise Economy
- Wednesday Lesson 3 Evaluating Economic Performance
- Thursday and Friday Chapter 3 Test
- Week 5 Chapter 4 Demand
- Monday Lesson 1 What is Demand?
- Tuesday Lesson 2 Factors Affecting Demand
- Wednesday Lesson 3 Elasticity of Demand
- Thursday and Friday Chapter 4 Test
- Week 6 Chapter 5 Supply
- Monday Lesson 1 What is Supply?
- Tuesday Lesson 2 The Theory of Production
- Wednesday Lesson 3 Cost, Revenue, and Profit Maximization
- Thursday and Friday Chapter 5 Test
- Week 7 Chapter 6: Prices
- Monday Lesson 1 How Prices Work
- Tuesday Lesson 2 The Effects of Prices
- Wednesday Lesson 3 Social Goals, Prices, and Market Efficiency
- Thursday and Friday Chapter 6 Test
- Week 8 Chapter 7: Market Structures
- Monday Lesson 1 Competition and Market Structures
- Tuesday Lesson 2 Market Failures
- Wednesday Lesson 3 The Role of Government
- Thursday and Friday Chapter 7 Test
- Week 9 Chapter 8: Business Organization
- Monday Lesson 1 Forms of Business Organization
- Tuesday Lesson 2 Business Growth and Expansion
- Wednesday Lesson 3 Nonprofit Organizations
- Thursday and Friday Chapter 8 Test
- Week 10 No School (Fall Break)
- Week 11 Chapter 9: Labor and Wages
- Monday Lesson 1 The Labor Movement
- Tuesday Lesson 2 Wages and Labor Disputes
- Wednesday Lesson 3 Employment Trends and Issues
- Thursday and Friday Chapter 9 Test
- Week 12 Chapter 10: Money and Banking
- Monday Lesson 1 Evolution, Functions, and Characteristics of Money
- Tuesday Lesson 2 The Development of Modern Banking
- Wednesday Lesson 3 Banking Today
- Thursday and Friday Chapter 10 Test
- Week 13 Chapter 11: Financial Markets
- Monday Lesson 1 Savings and the Financial System
- Tuesday Lesson 2 Financial Assets and Their Markets
- Wednesday Lesson 3 Investing in Equities and Options
- Thursday and Friday Chapter 11 Test
- Week 14 Chapter 12: Evaluating the Economy
- Monday Lesson 1 Measuring the Nation’s Output and Income
- Tuesday Lesson 2 Population Growth and Trends
- Wednesday Lesson 3 Poverty and the Distribution of Income
- Thursday and Friday Chapter 12 Test
- Week 15 Chapter 13: Economic Instability
- Monday Lesson 1 Business Cycles and Economic Instability
- Tuesday Lesson 2 Inflation
- Wednesday Lesson 3 Unemployment
- Thursday and Friday Chapter 13 Test
- Week 16 No School (Thanksgiving Break)
- Week 17 Chapter 14: Taxes and Government Spending
- Monday Lesson 1 Taxes
- Tuesday Lesson 2 Federal Government Finances
- Wednesday Lesson 3 State and Local Government Finances
- Thursday and Friday Chapter 14 Test
- Week 18 Chapter 15: Fiscal Policy
- Monday Lesson 1 Demand-Side Policies
- Tuesday Lesson 2 Supply-Side Policies
- Wednesday Lesson 3 Macroeconomic Equilibrium
- Thursday and Friday Chapter 15 Test
- Week 19 Chapter 16: Monetary Policy
- Monday Lesson 1 Structure and Responsibilities of the Fed
- Tuesday Lesson 2 Monetary Policy
- Wednesday Lesson 3 Economics and Politics
- Thursday and Friday Chapter 16 Test
- Week 20
- Monday Review and Makeup Work
- Tuesday Review and Makeup Work
- Wednesday Review and Makeup Work
- Thursday and Friday Review and Makeup Work