Social Studies
Honors Economics
Presenting timely and engaging content, Economics provides students with an understanding of the principles of economics. As they become familiar with how markets work, students interact with lessons to apply the key microeconomic concepts of supply and demand as well as the role of prices
About the course
Course Overview
Presenting timely and engaging content, Economics provides students with an understanding of the principles of economics. As they become familiar with how markets work, students interact with lessons to apply the key microeconomic concepts of supply and demand as well as the role of prices. This course encourages students to apply the economic way of thinking to a variety of situations relevant to their everyday lives.
Textbook: Economics - © Excel Education Systems, Inc. - 2021
By the end of the course
Learning Objectives
- Compare and contrast economic systems, and describe how government, the factors of production, and the principles of private ownership of property influence these systems.
- Understand how basic economic principles, including opportunity cost, specialization, and comparative advantage, affect markets and the production of goods and services.
- Analyze the relationship between supply and demand and the roles of consumers and producers in influencing markets and trends.
- Identify the relationship between prices and the profit incentive.
- Define deregulation and list its effect on several industries.
Course contents
What You'll Study
Module 0: Personal Economics
Module 1: An Introduction to Economics
Module 2: Economics Concepts
Module 3: The Relationship Between Economics and Labor
Module 4: Economic Systems and Profits
Module 5: Markets and Business Types
Module 6: Economics and the U.S. Government
Earn your 0.5 credit in Honors Economics
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