Introduction to Economics Asynchronous
This course is a self-paced introduction to economics which will explore important concepts that will enable the student to effectively engage the realm of economic thinking.
Nathaniel Gilbert
Average rating:
4.9
Number of reviews:(370)
What's included
16 pre-recorded lessons
average 32 mins per video16 weeks
of teacher support8 hrs 26 mins
total video learning hours1 year access
to the contentHomework
1-2 hours per week. Students will receive comments and individualized feedback on their assignments. Some examples of assignments include the following: running a virtual lemonade stand and identifying economic principles used, watching a video about minimum wage laws, making a government budget using certain economic and social goals, and reading about the history of money and inflation.Assessment
There is a ten question multiple choice quiz for every lesson. There is also a longer final quiz at the end of the course.Grading
Grades are offered to all students. The grade is based primarily on assignment (about 48%) and quiz scores (about 48%), but will include a small percentage based on the communication and engagement of the student (about 4%). The grade is a percentage grade (for example: 87%).Class Experience
US Grade 9 - 12
Intermediate Level
Students will begin to define economic concepts, understand why economists choose to view the world through a particular lens, and analyze the economic interactions of the people and businesses they observe in society. The goal is for students to become familiar with foundational market concepts such as scarcity, opportunity costs, comparative advantages and inflation (among many others). Students should then be able to appropriately apply their economic understanding to personal decisions, businesses activities and government policies. The course will spend much time focusing on microeconomics, but will also touch on macroeconomics. This class is designed to satisfy typical 1/2 credit high school economics requirements, but supplemental resources may be needed depending on state requirements. Parents need to make their own judgement based on the regulations is their state / country. Students will receive comments and individualized feedback on their assignments and will need to check in after completing a lesson.
Learning Goals
Students will begin to define economic concepts, understand why economists choose to view the world through a particular lens, and analyze the economic interactions of the people and businesses they observe in society.
Syllabus
Curriculum
Follows Teacher-Created Curriculum16 Lessons
over 16 WeeksLesson 1:
Scarcity and Decision Making
Key Concepts: Scarcity, Decision-Making, Productive Resources, Incentives, Opportunity Cost, Cost / Benefit Analysis, Trade-offs, Marginal Utility, The Invisible Hand
Key People, Documents, or Events: Adam Smith, The Wealth of Nations 3 assignments
29 mins of video lessons
Lesson 2:
Production and Scarcity
Key Concepts: Marginal Change, Marginal Product, Free Market, Specialization, Relative Scarcity, Price-gouging, consumer budget, Allocation
Key People, Documents, or Events: Anti-Price Gouging Laws 3 assignments
32 mins of video lessons
Lesson 3:
Supply, Demand, and Price
Key Concepts: Law of Supply, Law of Demand, Equilibrium price, Surplus, Shortage, Price ceiling and floors, Consumer Surplus, Producer Surplus, Deadweight loss
Key People, Documents, or Events: US Sugar Tariff 3 assignments
34 mins of video lessons
Lesson 4:
Shifts in Supply and Demand, Elasticity
Key Concepts: Normal goods, Inferior goods, Elasticity, Price elasticity, Complementary goods, Substitute goods, Determinants of demand, Determinants of supply 3 assignments
35 mins of video lessons
Other Details
Supply List
I will provide all textbook links free of charge.
External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Joined August, 2016
4.9
370reviews
Teacher expertise and credentials
Ohio Teaching Certificate in Secondary Education
Bachelor's Degree in Education from Cedarville University
I am passionate about helping students understand economics concepts, since they are so relevant in the human experience. My approach is to get students thinking and discussing how economics relates to their lives through relevant examples. Reviews
Self-Paced Course
$14
weekly or $222 for all content16 pre-recorded lessons
16 weeks of teacher support
Choose your start date
1 year of access to the content
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Ages: 13-18
