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Introduction to Economics: Learn at Your Own Pace (Ages 14-18)

Class
Ms. Gore, M.Ed. ~ Financial Literacy Teacher
Average rating:
4.9
Number of reviews:
(14)
Introducing Economics for High Schoolers: Our self-paced course offers engaging lessons tailored for young minds, fostering economic literacy and critical thinking skills!

Class Experience

US Grade 9 - 12
Beginner Level
8 lessons//8 Weeks
 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.
  • Throughout this course, students will: Grasp Fundamental Economic Concepts: Understand the core principles of economics, including scarcity, opportunity cost, and trade-offs. Explore Market Economy: Analyze the market economy model through the teachings of Adam Smith, exploring concepts like the invisible hand and the role of self-interest. Understand Producer-Consumer Dynamics: Examine the dynamic relationship between producers and consumers, exploring how incentives, entrepreneurship, and various business organizations influence economic activities. Dive into Price System: Gain insight into the price system, including supply and demand laws, equilibrium, elasticity, and the effects of price controls. Explore Economic Goals: Learn about a nation's economic goals and the indicators used to measure economic performance, such as GDP, unemployment rates, and inflation. Develop Consumer Skills: Acquire practical consumer skills, including making informed purchase decisions, understanding contracts, and navigating the influence of advertising on consumer behavior. Financial Literacy: Gain knowledge about financial literacy, including maintaining secure financial records, understanding consumer rights and responsibilities, and managing personal finances effectively. Understand Global Economy: Explore the basics of the global economy, including international trade, exchange rates, and the impact of globalization on economic systems. By the end of the course, students will have a comprehensive understanding of these concepts and will be equipped with practical skills essential for navigating the complexities of both local and global economies.
Licensed Secondary Education Business and Marketing Teacher
Founder of Cheers to Financial Freedom
15 years in retail management
Bachelor of Science in Marketing (ASU)
Master of Education (Regent University)
0 - 1 hours per week outside of class
Homework
Frequency: Available upon request
Feedback: Available upon request
Details: Each week, students will be given a comprehension worksheet to check for understanding of the material. This is to be turned in by 11:59pm Sunday evenings. The teacher will respond with feedback. In addition, there will be an application worksheet given for students to complete. This is to be turned in by 11:59pm Sunday evenings. The teacher will respond with feedback. Each week, students will be given a question to take to their parents to discuss at home different economic theories, according to the topic of the week. Students will then discuss the different theories with each other in the classroom discussion board the following week.
Assessment
Frequency: Available upon request
Details: In week 9, students will be given a final comprehension quiz. This is an open note quiz. Students must turn in by 11:59pm on the last Sunday evening. The teacher will respond to each submission and give feedback to ensure student success in the future.
Joined August, 2021
4.9
14reviews
Profile
Teacher expertise and credentials
Master's Degree in Education from Regent University
Bachelor's Degree from Arizona State University
Virginia Teaching Certificate
Arizona Teaching Certificate
Ms. Gore, the founder of Cheers to Financial Freedom, established the company in 2021 with a mission to impart essential personal finance skills, paving the way for financial freedom across diverse lifestyles. Having previously served as an... 
Self-Paced Class

$10

weekly or $80 for all content
8 pre-recorded lessons
8 weeks of teacher support
Choose your start date
1 year of access to the content

Ages: 14-18

Enroll Now, Start Anytime
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