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

Class
Fiona
Popular
Average rating:4.8Number of reviews:(341)
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.

Class experience

3 units//12 lessons//12 Weeks
Unit 1Exam 1
4 lessons4 Weeks
Exam 1
 Week 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?
 Week 2
Lesson 2
Week Two
- Understanding Our Weekly Quote: Claude-Frederic Bastiat - The Broken Window Theory - Scarcity - 10 Principles of Economics
 Week 3
Lesson 3
Week Three
- Understanding Our Weekly Quote: Guy Debelle - The Federal Reserve - Understanding Audits - Fiscal Policy - Government Spending, Government Taxes - Monetary Policy - Federal Reserve Exercise
 Week 4
Lesson 4
Week Four and Exam One
- Understanding Our Weekly Quote: Ovid, Roman Poet - Exploration of Post-War Germany - Importance of Competitive Markets - Profit Maximisation
Unit 2Exam 2
4 lessons4 Weeks
Exam 2
 Week 5
Lesson 5
Week Five - Competitive Markets
- Understanding Our Weekly Quote: Milton Friedman - Competitive Markets - Perfect Competition - What is a Monopoly? - Disadvantages of a Monopoly - Advantages of a Monopoly - Government Responses to Monopolies
 Week 6
Lesson 6
Week Six
- Understanding Our Weekly Quote: Milton Friedman - Taxes, and their Impact on Production - The Curse of Machinery & The Luddites - This History of the Minimum Wage - Laws of Supply and Demand - Aggregate Demand
 Week 7
Lesson 7
Week Seven
- Understanding Our Weekly Quote: John Maynard Keynes - Protectionism - Tariffs & Subsidies - The Steel Industry - Parity Prices and the Agriculture Market - The USMCA - Highlighted Supreme Court Case: Wickard v. Filburn - Protectionism
 Week 8
Lesson 8
Week Eight
- Understanding Our Weekly Quote: Shel Silverstein - What is Money? - Fiat Currency - Gresham’s Law - Inflation and the Weimar Republic - Hyperinflation and the End of German Democracy
Unit 3Exam 3
4 lessons4 Weeks
Exam 3
 Week 9
Lesson 9
Week Nine
- Understanding Our Weekly Quote: Milton Friedman - Inflation, Continued - Zimbabwe, a Case Study - Real and Nominal Interest Rates - Unions
 Week 10
Lesson 10
Week Ten
- Understanding Our Weekly Quote: Ben Bernanke - The Credit Crunch - Financial Crisis - The Mirage of Inflation - Warren Buffet on the 2008 Financial Crisis
 Week 11
Lesson 11
Week Eleven
- Understanding Our Weekly Quote: Bill Clinton, former US President & John Maynard Keynes - The Great Economic Debates - Keynes vs. Hayek
 Week 12
Lesson 12
Week Twelve and Exam Three
- Flex and Exam Three
⭐️ 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.
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.
Homework Offered
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.
4+ hours per week outside of class
Assessments Offered
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.
Grades Offered
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?
Popular
Average rating:4.8Number of reviews:(341)
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Hello Outschool! I’m a homeschool graduate, homeschool teacher, and pianist!  

Proud to be an Outschool ACE educator! 

I teach Political Science, Spanish, Economics, Maths, Latin, and History at homeschool co-ops in the Greater Washington D.C.... 
Self-Paced Class

$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

Ages: 13-18

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