Economics Part 2 will provide the learner with an opportunity to explore the world of money, banking, and finance; understand how economic performance is measured; examine the ways that the government obtains and spends resources; and analyze international trade and economic development.
It is recommended that students successfully complete Economics Part 1 or equivalent course work before enrolling in this course.
Unit 1: Essential Content and Skills
- Examine the evolution of currency.
- Explore the history of banking.
- Determine the importance that saving and investing has on the free enterprise system.
- Identify financial assets and the financial asset markets.
- Analyze the role of the stock market.
Unit 2: Essential Content and Skills
- Examine measurements of economic performance.
- Explore fluctuations of the business cycle.
- Identify factors that influence economic growth.
- Analyze major challenges to the economy.
- Analyze the distribution of income in the Unites States.
- Summarize government polices intended to combat poverty.
Unit 3: Essential Content and Skills
- Identify the types of taxes levied by local, state, and federal governments.
- Explore fiscal policy.
- Examine national debt.
- Analyze the history of the Federal Reserve System.
- Explore the role of the Federal Reserve in the economy.
Unit 4: Essential Content and Skills
- Examine the economic forces that make international trade desirable.
- Explore the controls and barriers that nations impose to maximize their gains from trade.
- Identify the effects of monetary policies and currency fluctuations on the conduct of trade.
- Explore the issues that confront less developed countries.
- Analyze the steps to move from a centrally planned to a market-based economy.
- Prentice Hall Economics: Principles in Action 2005 (textbook includes Pearson Simulations and Data Graphing CD)
*Available as an iText course with Pearson Simulations and Data Graphing CD-ROM