Economics is a year-long course that will begin with the study of Micro Economics, continue to Macro and culminate in the spring with an examination of global economies.
Fall Term
Micro Economics: Defined as “the study of individual behavior in the economy, of the components of the larger economy.” This course will focus on the individuals, companies, and government agencies that comprise the larger economy. We will look at the behavior of the individual economic actors and assess their goals given limited resources and market opportunities.
Essential Questions: How is the individual behavior within the economy measured and how does it affect the economy as a whole? How and why do the individual contributors to the economy make decisions given limited resources and market opportunities?
Winter Term
Macro Economics: Defined as “the study of aggregate (total) economic behavior, of the economy as a whole.” This course will focus on the behavior of an entire economy. We will look at national goals such as employment, inflation, and economic growth without regard for the behavior of specific individuals or groups (Micro Economics).
Essential Questions: How is the individual behavior within the economy measured and how does it affect the economy as a whole? How and why do the individual contributors to the economy make decisions given limited resources and market opportunities?
Spring Term
Global Economics: Defined as “the interaction of national economies through-out the world.” This course will focus on the economic state of different nations of the world and how those economies are growing largely interdependent. We will look at exchange rates, free trade, and the impact of the world “powers” on the underdeveloped nations of the world.
Essential Questions: How do the economies of different nations interact and what impact does these interactions have on the world economy?
How do exchange rates and free trade effect the world economy?