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Economics Part 2
Course Length: 1 Semester
Has Textbook: Yes
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.

Course Objectives

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.

Course Materials

  • 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

**NCAA approved