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Introduction to Economics | High School Course 1/2 Credit | FLEX

In this 12 week course, we will explore the introductory concepts and themes of micro and macro economics such as supply and demand, scarce resources, individual markets, free market and the American founding and more.
Fiona
Average rating:
4.8
Number of reviews:
(403)
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Class

What's included

12 pre-recorded lessons
12 weeks
of teacher support
1 year access
to the content
Homework
4+ hours per week. Three (3) Non-Cumulative Exams: Fill in, identifiers, definitions, matching etc. These exams will require you to not only memorize the information from the lectures, readings, etc., but also apply the ideas and concepts to other situations to ensure you truly have a handle of the information. There will be one paper. Students will choose their own topics, each requiring written approval from the instructor. Other miscellaneous assignments including, but not limited to: pop-quizzes, reading comprehension worksheets, and a letter-writing assignment.
Assessment
Submitted work will be assessed and graded Missed Exams and Late Papers: Outside of sudden illness and unforeseen circumstances, missed exams will receive a zero. If for some reason you will be absent on the day of the exam, arrangements to take the exam during a different class period must be made prior to the day of the exam. Papers will lose 10 (ten) points for every day they are late. Papers will only be accepted up to five (5) days past the due date. If you face circumstances that will prevent you from turning the paper in on time, please notify me in advance. I will determine what accommodations should be made on a case-by-case basis.
Grading
included

Class Experience

⭐️This FLEX course is worth 1/2 a U.S. High School Credit — take part 2 - U.S. Government for a full year, 1 credit course. ⭐️

AP, Honors Option: 
This class is taught at a standard level, however, I am able to offer additional work for AP and Honors placement. If you would like your student to take this class at an AP or honors level - please contact me.

Welcome students! This Economics course for high school students, helps students understand the foundational principles of macro and micro economics and economic policy, through the lense of history and current events, and how these apply to your daily life! 

This semester-long course is 100% online, taken asynchronously with no specific “live” sessions, or meeting time requirements. It will prepare students for university, and help them become independent learners! Asynchronous courses are great for students who prefer a flexible schedule!

⭐️ Weekly ⭐️
Each Monday a video and/or PowerPoint will be posted to review concepts of the week’s topics, as well as a related assignment 
- Students will take a picture of their assignment to upload to the classroom after completing 
- Students will be asked to respond to the discussion questions that will be posted in the classroom 

⭐️ Learning Goals and Topics ⭐️
This course will cover the topics below in weekly lessons, in order to give you a well-rounded understanding of the free-market system, and economics. 

- Free Market Economics and the  American Founding
- How Markets Work & Economic Policy 
- Understanding Demand and the Role of Profit
- Supply and Equilibrium
- Incentive and the “Information Problem”
- Keynesianism and Macroeconomics
- Monetary Theory
- Case Study: The Great Recession
- Restoring Economic Liberty
- Competition and scarcity, 
- Opportunity cost and resource allocation, and unemployment 
-  Inflation, and the determination of prices.

This course covers the basics of economics, and satisfies a 1/2 credit of Economics for the purposes of High School Transcripts. This course may be taken with my US Government FLEX course for 1 FULL High School Credit. 

This course continues to tie in historical and current events referenced in part 1 of the course, in order to help students understand economics in action, but it is non-cumulative and may be taken on its own. 

⭐️ Prior to First Class ⭐️
Please come prepared to the first class, having purchased Whatever Happened to Penny Candy? And purchased or downloaded Economics in One Lesson

⭐️ Assignments and Grades ⭐️
Three (3) Non-Cumulative Exams:
Fill in, identifiers, definitions, matching etc.
These exams will require you to not only memorize the information from the lectures, readings, etc., but also apply the ideas and concepts to other situations to ensure you truly have a handle of the information.
 
There will be one paper. Students will choose their own topic, each requiring written approval from the instructor.  
 
Other miscellaneous assignments including, but not limited to: pop-quizzes, reading comprehension worksheets, and a letter-writing assignment.
Learning Goals
⭐️ Learning Goals and Topics ⭐️
This course will cover the topics below in weekly lessons, in order to give you a well-rounded understanding of the free-market system, and economics. 

- Free Market Economics and the  American Founding
- How Markets Work & Economic Policy 
- Understanding Demand and the Role of Profit
- Supply and Equilibrium
- Incentive and the “Information Problem”
- Keynesianism and Macroeconomics
- Monetary Theory
- Case Study: The Great Recession
- Restoring Economic Liberty
- Competition and scarcity, 
- Opportunity cost and resource allocation, and unemployment 
-  Inflation, and the determination of prices.
learning goal

Syllabus

3 Units
12 Lessons
over 12 Weeks
Unit 1: Exam 1
Lesson 1:
Week One - Introduction to Economic Concepts
 Economics is about choice and its impact. It relates to the economic decisions made by individuals, firms and governments. 

This course helps students develop an understanding of how markets work and how economic decisions impact everyday life.

- Understanding Our Weekly Quote: Adam Smith 
- The Invisible Hand 
- Introduction to Economics 
- What is Choice? 
Lesson 2:
Week Two - Introduction to Scarcity and the 10 Principles of Economics
 - Understanding Our Weekly Quote: Claude-Frederic Bastiat 
- The Broken Window Theory 
- Scarcity 
- 10 Principles of Economics 
Lesson 3:
Week Three: Government Spending & Taxes, Monetary Policy, The Federal Reserve
 - Understanding Our Weekly Quote: Guy Debelle 
- The Federal Reserve 
- Understanding Audits 
- Fiscal Policy 
- Government Spending, Government Taxes 
- Monetary Policy 
- Federal Reserve Exercise 
Lesson 4:
Week Four and Exam One: Competitive Markets & Exploration of Post-War Germany
 - Understanding Our Weekly Quote: Ovid, Roman Poet 
- Exploration of Post-War Germany 
- Importance of Competitive Markets 
- Profit Maximisation 

Other Details

External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Sources
Economics in One Lesson by Henry Hazlitt* https://mises.org/system/tdf/Henry%20Hazlitt%20Economics%20in%20One%20Lesson.pdf?file=1&type=document *This book has an expired copyright and is available online in PDF format that may be accessed using a mobile device such as a phone or tablet. If you prefer, or do not have access to a device that you are able to bring to class, you may purchase the book in hard copy. Whatever Happened to Penny Candy?
Joined June, 2021
4.8
403reviews
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Teacher expertise and credentials
I have a degree in political science and economics and have spent over 15 years working in all aspects of politics, public policy, and economics including, but not limited to: campaigns, policy, research, and instruction. I have also taught a similar course to this, in person, for over five years to high schoolers.

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$10

weekly or $120 for all content
12 pre-recorded lessons
12 weeks of teacher support
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1 year of access to the content

Completed by 12 learners
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Ages: 13-18

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