Unit 1: Introduction to Economics

• The Economic Problem
• Economic Resources
• Economic Models, Structures and Systems
• PPC Curve
• Micro vs. Macro Economics
• Economic Goals

Unit 2: Demand and Supply

• Demand line and shift factors
• Supply line and shift factors
• The equilibrium point
• Price Controls – Shortages and surplus
• Elasticity of Demand and Supply

Unit 3: Stock Market

• What are stocks?
• Factors affecting the price of stocks
• Purchasing and selling in the stock market
• Portfolio Management
• Diversification and Risk Management
• Index’s and Mutual Funds
• Stock market challenge

Unit 4: Revenue and Costs

• Economic costs and profit
• Diminishing marginal returns
• Short-run and long-run costs
• Marginal cost
• Returns to scale/ Productivity
• Market Structures

Unit 5: Income Distribution

• Employment vs. Unemployment
• Analyzing Poverty
• The Lorenz curve
• Tax implications
• Union implications

Unit 6: Productivity Measurement

• Calculating GDP
• Nominal vs. Real GDP
• Inflation
• Calculating Unemployment and implications
• CPI

Unit 7: Fiscal and Monetary Policies

• The movement of money
• The Business Cycle
• Economic Fluctuations
• Implementation and implications of Fiscal Policies
• Implementation and implications of Monetary Policies

Culminating Activity

• Economic Analytical Report