Skip to main content

Economics 1

Classroom: Economics 1

Classroom dates:
Teaching hours:
Credit hours:
Student Services HS, Hellen Soriano
Organized by:
This course introduces students to decision making based on economic principles. In addition to personal finance concepts, key topics include supply and demand, banking, and the role of the government in the economy.
Including, but not limited to:

1.  Describe the characteristics of the three basic economic system; ie., traditional, command, market.
2.  Apply economic principles to identify and resolve private and public issues.
3. Describe the economic theories of Adam Smith and Karl Marx, noting their importance to capitalism and communism.
4.  Promote involvement in civic participation and community service.
5.  Describe government regulation of economic activities and institutions. 
6.  Explain the role of supply and demand in economic activities.
7.  Compare the advantages and disadvantages of the three types of business organizations; ie., sole proprietorship, partnerships, corporations.
8.  Define economic growth and how it impacts society.
9.  Analyze the major reasons for international trade.
10.  Describe the three basic economic systems; i.e., traditional, command, market.


LessonLesson 1: What is Economics?

LessonLesson 2:Types of Economic Systems, characteristics of the American Economy

LessonLesson 3: Consumer Rights and Responsibilities

LessonLesson 4: Government Regulation of Credit

LessonLesson 5: Investing - Taking Risks With Your Savings

LessonLesson 6: Demand and the Demand Curve

LessonLesson 7: Economic Policy

LessonLesson 8: Business Fluctuations

LessonLesson 9: The Federal Reserve System and the Money Supply

LessonLesson 10: Promoting growth and stability