Description
Course Objectives and Syllabus: This course is designed to achieve the following objectives, all aligned with California Educational Standards, and emphasizes measurable, attainable outcomes:
Unit 1: “Economic Basics”
- Objective: Understand fundamental economic concepts such as scarcity, opportunity cost, and the production possibilities curve.
- Assignments: Analyze real-world examples of scarcity, calculate opportunity costs, and construct a production possibilities curve.
Unit 2: “Supply and Demand Dynamics”
- Objective: Explore the principles of supply and demand and their impact on prices and market equilibrium.
- Assignments: Conduct market research, analyze shifts in supply and demand, and simulate a market equilibrium scenario.
Unit 3: “Consumer Behavior and Utility”
- Objective: Examine consumer choices, preferences, and utility maximization.
- Assignments: Analyze consumer decision-making processes, create utility schedules, and optimize consumer choices.
Unit 4: “Firms and Production”
- Objective: Study the behavior of firms, production processes, and cost analysis.
- Assignments: Analyze production functions, calculate production costs, and optimize production processes.
Unit 5: “Market Structures”
- Objective: Explore different market structures, including perfect competition, monopolies, and oligopolies.
- Assignments: Analyze market structures, simulate market scenarios, and evaluate market efficiency.
Unit 6: “Labor Markets and Wage Determination”
- Objective: Investigate labor markets, wage determination, and labor market trends.
- Assignments: Analyze labor market data, calculate wage differentials, and explore labor market policies.
Unit 7: “International Trade and Global Economics”
- Objective: Understand the benefits and challenges of international trade and globalization.
- Assignments: Analyze trade patterns, calculate trade balances, and evaluate the impact of trade policies.
Unit 8: “Economic Growth and Development”
- Objective: Examine economic growth, development indicators, and strategies for economic development.
- Assignments: Analyze development case studies, calculate development indicators, and propose development strategies.
Unit 9: “Environmental Economics”
- Objective: Investigate the economic dimensions of environmental issues and sustainable development.
- Assignments: Analyze the economic costs and benefits of environmental policies, propose sustainable solutions, and simulate environmental negotiations.
Unit 10: “Public Economics and Government Intervention”
- Objective: Explore the role of government in the economy, taxation, and public goods.
- Assignments: Analyze government budgets, evaluate taxation systems, and simulate public goods provision.
Unit 11: “Financial Literacy”
- Objective: Develop financial literacy skills, including budgeting, saving, and investing.
- Assignments: Create a personal budget, analyze investment options, and evaluate financial risks.
Unit 12: “Monetary Policy and Banking”
- Objective: Understand the role of central banks, monetary policy tools, and the banking system.
- Assignments: Analyze central bank actions, calculate the money multiplier, and simulate banking operations.
Unit 13: “Fiscal Policy and Economic Stabilization”
- Objective: Examine fiscal policy, government spending, and its role in economic stabilization.
- Assignments: Analyze fiscal policies’ impact on the economy, propose fiscal stimulus packages, and evaluate their effectiveness.
Interactive activities and learning path.
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