Principles of Economics & Finance - Semester Class
In this 8 week class we will learn about macro and microeconomics and discuss personal finance and money management.
Ms. Linda, MBA - Financial Literacy
Average rating:
4.8
Number of reviews:(270)
What's included
8 live meetings
7 hrs 20 mins in-class hoursHomework
1-2 hours per week. The homework will consist of reading articles on topics discussed and talking about them in class. The student will be expected to research a Fortune 500 company for 4 weeks (Corporate Finance) and prepare a budget (Personal Finance).Class Experience
US Grade 7 - 10
In this class, there will be class discussions, short videos, and verbal quizzes. The student will be assigned a project to track a Fortune 500 or S&P Publicly Traded Company. The focus will be learning and understanding the content and applying the knowledge. Week #1 Macroeconomics Microeconomics Supply/Demand - Shortage vs. Surplus Business Cycle Employment vs. Unemployment Product Life Cycle Week#2 The Global Economy Foreign Currency & Exchange Rates Trade Exchange and Interdependence Mass Production, Economies of Scale Gross Domestic Product (GDP) Industrial Revolution Week#3 Capitalism vs. Socialism Opportunity Cost Types of Wealth Income Distribution The Wealth Gap Corporate Social responsibility Week#4 Business Plan vs. Strategic Plan Entrepreneurship Division of Labor & Specialization Assets, Liabilities, Networth Week#5 What is the FDIC? What is the SEC? Federal Reserve Bank Government and Business The Great Depression and The Great Recession The Stock Market Crash: Spending, Credit Card, and Understanding Credit Week#6 Budgeting and Money Management - Create A Budget Investing Protecting and Insuring Simple Interest vs. Compound Interest What is an amortization schedule? Savings Rates, Inflation Week#7 Decision Making and Cost Benefit Analysis Competition and Market Structures Business Structure: Corporations, LLC, Partnerships Review Publicly Traded Company: Board of Directors, Stocks, Earnings Calls, Quarterly Reports Week#8 Fiscal and Monetary Policies: Budget Deficit & Public Debt Understanding Taxes: Income Taxes, Sales Taxes, Corporate Taxes What is tax liability and how can you reduce it?
Learning Goals
Student will improve their understanding about the global, national and local economy. Each student will expand knowledge in the areas of money management and life schools after high school.
Other Details
External Resources
In addition to the Outschool classroom, this class uses:
Sources
•Economics In One Lesson, by Henry Hazlitt
•Rich Dad, Poor Dad by Robert Kiyosaki.
•Think and Grow Rich, Napoleon Hill.
Joined April, 2020
4.8
270reviews
Teacher expertise and credentials
2 Degrees
Master's Degree from University of Phoenix
Bachelor's Degree from Cal state Dominguez
I have an accounting degree, a MBA and was a college professor. I worked for a bank and Fortune 500 company. I have been teaching for over 15 years. Reviews
Live Group Class
$17
weekly1x per week, 8 weeks
55 min
Completed by 145 learners
Live video meetings
Ages: 12-17
2-10 learners per class
Financial Assistance
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