WORKBOOK + ANSWER KEY + LECTURE NOTES
WORKBOOK ONLY ALSO AVAILABLE ON AMAZON.
X. What is Economics?
Unit 1: Fundamentals of Economics
1. Introduction to Scarcity and Choice (Standard 1: Scarcity)
2. Economic Decision Making and Opportunity Cost (Standard 2: Decision Making)
3. Production Possibilities Frontier (Standards 1: Scarcity & 2: Decision Making)
4. Economic Systems and Resource Allocation (Standard 3: Allocation)
5. Incentives and Their Role in Economics (Standard 4: Incentives)
Unit 2: Markets and Price Mechanisms
6. Trade and Specialization (Standard 5: Trade & 6: Specialization)
7. Markets and Prices: Supply and Demand (Standard 7: Markets and Prices)
8. The Role of Prices in the Economy (Standard 8: Role of Prices)
9. Market Structures and Competition (Standard 9: Competition and Market Structure)
10. Economic Institutions and Money (Standard 10: Institutions & 11: Money and Inflation)
Unit 3: Microeconomic Concepts
11. Interest Rates and Financial Markets (Standard 12: Interest Rates)
12. Income Distribution and Labor Markets (Standard 13: Income)
13. Entrepreneurship and Innovation (Standard 14: Entrepreneurship)
14. The Role of Government in the Economy (Standard 16: Role of Government and Market Failure)
15. Market Failure and Government Intervention (Standard 16: Role of Government and Market Failure)
Unit 4: Macroeconomic Concepts
16. Economic Growth and Productivity (Standard 15: Economic Growth)
17. Economic Fluctuations and Business Cycles (Standard 18: Economic Fluctuations)
18. Unemployment: Types, Causes, and Policies (Standard 19: Unemployment and Inflation)
19. Inflation: Causes, Effects, and Monetary Policy
(Standard 11: Money and Inflation & 19: Unemployment and Inflation)
20. Fiscal and Monetary Policy (Standard 20: Fiscal and Monetary Policy)
Unit 5: Global and Contemporary Economics
21. The Federal Reserve and Monetary Policy (Standard 20: Fiscal and Monetary Policy)
22. International Trade and Exchange Rates (Standard 5: Trade)
23. Globalization and Economic Interdependence (Standard 5: Trade & 6: Specialization)
24. Government Failure and Public Choice (Standard 17: Government Failure)
25. Contemporary Economic Issues: Technology, Environment, and Inequality
(Standard 15: Economic Growth, 16: Role of Government and Market Failure, & 18: Economic Fluctuations)