Week 1
Lesson 1
Basic Economic Concepts
Basic economic concepts form the foundation of understanding how economies function. They include principles like scarcity, opportunity cost, supply and demand, and the role of incentives. Learning these concepts helps individuals comprehend decision-making, resource allocation, and market dynamics, fostering economic literacy and informed citizenship.
 Week 2
Lesson 2
Adam Smith and Market Economy/ Factors of Production

Adam Smith is a seminal figure in economics, advocating for market economies. He introduced the concept of the "invisible hand," suggesting that individuals pursuing self-interest unintentionally benefit society. Smith also identified factors of production—land, labor, and capital—essential for wealth creation. His ideas laid the groundwork for understanding market dynamics and the role of entrepreneurship in economic growth.
 Week 3
Lesson 3
Roles of Producers & Consumers


Producers create goods and services, responding to consumer demand, while consumers drive economic activity by purchasing based on their needs and preferences. This interaction shapes market dynamics in market economies, where supply and demand guide resource allocation, production, and consumption, influencing economic growth and prosperity.
 Week 4
Lesson 4
Circular Flow of Economic Activity/ Roles of Entrepreneurs 

The circular flow of economic activity depicts the exchange of goods, services, and money between households and firms. Entrepreneurs play a key role by identifying opportunities, organizing resources, and driving innovation, which fuels economic growth and prosperity.
 Week 5
Lesson 5
Price System
The price system is an economic mechanism that coordinates the allocation of goods and services based on supply and demand. Prices act as signals, conveying information about scarcity and consumer preferences. This decentralized system encourages efficiency and innovation while allowing for adjustments to changing market conditions.
 Week 6
Lesson 6
Nation's Economic Goals

A nation's economic goals encompass objectives such as stable economic growth, low unemployment, price stability, and equitable distribution of income. Achieving these goals requires policies that promote sustainable development, foster innovation, and address socio-economic disparities, ensuring the well-being and prosperity of citizens.
 Week 7
Lesson 7
Consumer Skills
Consumer skills lessons equip individuals with essential knowledge and abilities to make informed decisions as consumers. These lessons cover topics like budgeting, comparison shopping, understanding contracts, and recognizing marketing tactics. By enhancing consumer skills, individuals can effectively manage their finances, protect themselves from scams, and maximize the value of their purchases, contributing to financial well-being and empowerment.
 Week 8
Lesson 8
Consumer Rights and Responsibilities

Consumer rights and responsibilities outline the entitlements and obligations of individuals in the marketplace. Rights include the right to safety, choice, information, and redress. Responsibilities encompass honest and ethical behavior, prudent decision-making, and respecting the rights of others. Understanding and upholding these rights and responsibilities empower consumers to advocate for fair treatment, make informed choices, and contribute to a more transparent and equitable marketplace.