Students will analyze economic principles that have shaped our world past and present. Students will use the textbook sources along with outside primary and secondary sources to compare the impact of international trade, economic systems, fiscal policy, money and banking in the world. This course will be student-centered providing opportunities for critical thinking and questioning of economic principles. Students will have the opportunity to study economic events and differing perspectives from people who were involved in or affected by these events. The emphasis will be for students to develop an understanding about the events that shaped the world we now live in and what alternatives options were available and not used that may have changed their outcomes.
Students will gain new insights about the economy, our government, and other world economies. Themes will be used as springboard to understanding the elements of economics and how they function. Themes like; entrepreneurs, factors of production, science & technology, cause and effect, government, and conflict,
The semester will cover scarcity, supply, demand, and opportunity cost to understand how these drive our wants. Students will analyze the factors of production along with Capitalism, Mercantilism, Socialism and Communism to better understand these economies, the people responsible for developing these economies and how and why each one was created. Students will compare the Economy of the United States with other countries in the world to discover how international trade and global economics influences the United States Government and Economy. Students will compare several entrepreneurs in order to see what they have in common and why they were successful. Each student will research an entrepreneur and report about how they have impacted our world and economics.
Students will follow several stocks in the Stock Exchange for several weeks to better understand how the Stock Exchange operates. They will create charts to show the progression of their stock picks and present to the class their success or lack of success. They will speculate on what created their stocks success or lack of success.
The major research project will be creating a brochure describing one of the alternative forms of energy available to the government and people to use. The brochure will include the history of the form of energy, how this energy is produced and how it works, the costs of producing this form of energy and the cost per kilowatt to operate, the negative impact on the environment and people, the positive impact of this form of energy, and their opinion about the form of energy. Student will orally present their brochures to a panel of people who will grade the presentation using the school’s rubric for oral presentations. The panel will ask questions of the students to gain further knowledge about the student’s knowledge of the form of energy.
Economics in action – each student will prepare an income tax return, prepare a financial aid packet for college, prepare to rent an apartment, analyze the drawbacks to borrowing money, and prepare a resume. Each student will research a Fortune 500 Company and present the research in a paper, and orally to the class.
The class will emphasize critical thinking skills like reading charts and graphs and analyzing economic cartoons. The class will also focus on reading, writing, and vocabulary. Current events will be part of the classroom experience.