This “10th-12th Grade Economics and Financial Literacy” video course covers all of the content students need to successfully complete High School Economics and also covers personal financial well-being. The course
has an emphasis on personal financial well-being, wrtiting and critical thinking. It covers
This is a single semester course!
This course includes:
• A FULL YEAR'S COURSE
• 120 WORKSHEETS WITH COUNTERPART ANSWER SHEETS
• 40 VIDEO-LESSONS
• 40 EXERCISE REVIEW VIDEOS (I explain each concept and why it matters beyond economics)
• 49 ONLINE QUIZZES AND EXAMS
• 49 QUIZ/EXAM ANSWER SHEETS/KEYS
• VOCABULARY DEFINITIOS FOR EACH LESSON, LESSON SPECIFIC RESOURCES
• OVER 20 HOURS OF VIDEO-LESSONS!
Upon course completion, students will be able to:
- Understand the fundamental concepts relevant to the development of a market economy.
- Identify the factors of production and why they are necessary for the production of goods and services.
- Analyze production possibilities curves to explain choice, scarcity, and opportunity costs.
- Compare how the various economic systems (traditional, market, command, mixed) answer the questions: (1) What to produce? (2) How to produce? and (3) For whom to produce?
- Define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place.
- Compare different forms of business organizations.
- Explain the use of fiscal policy (taxation, spending) to promote price stability, full employment, and economic growth.
- Explain how the Federal Reserve uses the tools of monetary policy (discount rate, reserve requirement, open market operations) to promote price stability, full employment, and economic growth.
- Examine the four phases of the business cycle (peak, contraction - unemployment, trough, expansion - inflation).
- Explain the basic functions and characteristics of money and describe the composition of the money supply in the United States.
- Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
- Identify and explain broad economic goals.
- Research contributions of entrepreneurs, inventors, and other key individuals from various gender, social, and ethnic backgrounds in the development of the United States.
- Diagram and explain the problems that occur when government institutes wage and price controls and explain the rationale for these controls.
- Differentiate between direct and indirect taxes, and describe the progressivity of taxes (progressive, proportional, regressive).
- Examine the benefits of natural monopolies and the purposes of government regulation of these monopolies.
- Analyze how changes in federal spending and taxation affect budget deficits and surpluses and the national debt.
- Describe the organization and functions of the Federal Reserve System.
- Construct a circular flow diagram for an open-market economy including elements of households, firms, government, financial institutions, product and factor markets, and international trade.
- Differentiate and draw conclusions about historical economic thought theorized by economists.
- Compare credit, savings, and investment services available to the consumer from financial institutions.
- Construct a one-year budget plan for a specific career path including expense sand construction of a credit plan for purchasing a major item.
Target Audience: Any High school student who intends to matriculate to college or university. Anyone who hopes to stay financially stable.
Course Requirements: High school level reading and writing.
Course Description Template
Unit 1 – Basic Concepts.
Basic Concepts part 1 - Wants vs. Needs, Scarcity, 4 Factors of Production and the 3 Basic Economic Questions.
Basic Concepts part 2 - Incentives Utility and Economize, Trade-offs, Opportunity Cost, Marginal Costs and Marginal Benefit.
Basic Concepts part 3 - Goods and Services, Microeconomics and Macroeconomics.
Unit 2 - Productions Possibilities Curve.
Introductions to the Productions Possibility Curve – The framework and vocabulary of the PPC.
Production Possibilities Curve part 2 – Graphing and analysis of production using the PPC.
Unit 3 – Types of Economies
Introduction to Economic Systems – Traditional, Command and Market Economies.
Traditional Economic System – In-depth look at the Traditional Economic System.
Command Economic System – In-depth look at the Command Economic System.
Karl Marx – The founder of the Socialist movement
Fundamentals of Market Economies – Introduction to Market Economy.
Impacts of Market Economies – Further discussion on Market Economy.
Circular Flow Model – The monetary flow in a Market Economy.
Mixed Economies – Discussion of real world economies.
Unit 4 – Supply and Demand
Demand part 1 – Demand and Law of Demand.
Demand part 2 – Demand Schedule.
Demand part 3 – Demand Curve.
Change in Demand – The Factors of Change in Demand.
Say’s Law – Discussion of what creates Demand.
Supply part 1 – Supply and Law of Supply.
Supply part 2 – Supply Schedule.
Supply part 3 – Supply Curve.
Change in Supply – The Factors of Change in Supply.
Elasticity of Supply – How much Supply can change.
Elasticity of Demand – How much Demand can change.
Equilibrium – Bringing supply and demand together.
Unit 5 Advanced Concepts
Production – Marginal Products, Costs and Revenue.
Monopoly – Monopoly in Economics.
Business Organization – Various ways to organize a business.
Gross Domestic Product part 1 – Introduction to the GDP
Gross Domestic Product part 2 – GDP continued.
Business Cycle part 1 – The fundamentals of Business Cycle.
Business Cycle part 2 – Business Cycle continued.
Taxes – Types, Fiscal Policy, Debt and Deficit.
The Federal Reserve – Introduction to the Federal Reserve System.
Adam Smith – Forefather of Economics.
Unit 6 Personal Finance
Creating a budget – Personal financial management.
Credit and You part 1 – Introduction to personal credit.
Credit and You part 2 – How to fix and improve credit.
Credit Report – Three credit agencies, understanding a credit report.
Loans – Loan types.