HST030: Economics (Elective)

This list is representative of the materials provided or used in this course. Keep in mind that the actual materials used may vary, depending on the school in which you are enrolled, and whether you are taking the course as Independent Study.

For a complete list of the materials to be used in this course by your enrolled student, please visit MyInfo. All lists are subject to change at any time.

Scope & Sequence : Scope & Sequence documents describe what is covered in a course (the scope) and also the order in which topics are covered (the sequence). These documents list instructional objectives and skills to be mastered. K12 Scope & Sequence documents for each course include:

Course Overview

Students are introduced to the basics of economic principles, and learn how to think like economists. They explore different economic systems, including the American free enterprise system, analyze and interpret data, and consider economic applications in today's world. From economics in the world of business, money, banking, and finance, students see how economics is applied both domestically and globally. Students take diagnostic tests that assess their current knowledge and generate individualized study plans, so students can focus on topics that need review. Audio readings and vocabulary lists in English and Spanish support reading comprehension.

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Course Length

One Semester

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Course Outline

Unit 1: Introduction to the Course

  • Course Introduction
  • Getting Started
  • Research Project

Unit 2: Foundations of Economics and the Problem of Scarcity

  • Thinking Like an Economist
  • Scarcity and the Factors of Production
  • Decision Making
  • Production Possibilities Graphs

Unit 3: Economic Systems

  • Answering Economic Questions and Prioritizing Economic Goals
  • Free Market Economy
  • Centrally Planned or Command Economy
  • Mixed or Modernized Economy

Unit 4: American Free Enterprise and U.S. Government Involvement

  • Principles of the American Free Enterprise System
  • The U.S. Government's Role in the American Free Enterprise System
  • The U.S. Government's Income and Expenditures
  • U.S. Fiscal Policy
  • U.S. Monetary Policy

Unit 5: Understanding the Market Through Supply and Demand

  • Understanding the Law of Demand
  • Analyzing Demand Graphs
  • Understanding the Law of Supply
  • Analyzing Supply Graphs
  • Setting Prices

Unit 6: Business, Banking and Finance

  • Types of Business Organizations
  • Money and Banking
  • Saving and Investing

Unit 7: Measuring Economic Performance

  • Gross Domestic Product
  • Business Cycles
  • Unemployment
  • Inflation

Unit 8: The United States and Globalization

  • International Trade
  • Economic Development
  • The World Bank
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K12 Scope & Sequence documents for each course include:

  • Course Overview (as seen above)
  • Course Outline
  • Lesson Time and Scheduling