Economics

This course follows the California State Economics Framework and California State Standards. Students master fundamental economic concepts, understanding the operations and institutions of economic systems. Microeconomics, macroeconomics, international and developmental economics are all covered, along with an in-depth study of the American market system and factors which are unique to California’s economy.

RECOMMENDED PRE-REQUISITE: Basic math skills

Register for Economics

Basic and On Demand are always open for registration.

Plus courses are created upon request.

ONE SEMESTER COURSE

Unit 1: Fundamental Economic Concepts and Reasoning

  • Scarcity and Choice
  • Opportunity Costs
  • Economic Systems
  • Market Economy
  • Public vs. Private Goods
  • History of Market Power in the United States

Unit 2: The American Market Economy

  • The American Market Economy
  • Adam Smith
  • Supply and Demand
  • The Role of Price
  • Price Controls
  • Financial Markets and Banks

Unit 3: Government Influence on the American Economy

  • Costs and Benefits
  • History of Government involvement
  • Environmental Protection
  • Federal Budget
  • Aggregate Demand and Supply
  • Fiscal Policy
  • Monetary Policy
  • Federal Reserve Banking System

Unit 4: Labor Markets

  • Work
  • Competition in the Labor Market
  • California's changing Labor Market
  • Poverty and income distribution
  • International issues and employment

Unit 5: Aggregate Economic Behavior

  • Measuring economic activity
  • Economic Goals
  • Business cycle and short-term fluctuations
  • Money and Currency
  • Interest rates

Unit 6: Global Economics

  • Globalization and Trade
  • Exports and Imports
  • Globalization and Foreign Policy
  • Critics of Globalization
  • Economic Development