Focus: Study of basic economic principles and the formation of economic policy in the United States.
Unit Length: 2 weeks
Grade Level: Junior
Student Outcomes: 1. to identify basic economic principles such as systems, markets and the law of supply and demand. 2. to analyze the relationship of governments and the market. 3. to understand the system of taxation in the United States.
Lectures:Introduction to economics Three basic economics questions Types of economic markets Law of supply and demand Creation of equilibrium price Governments and economic policy Taxation Handouts: Changes and effects of supply and demand W-4 form W-2 form 1040 EZ form 1040a form 1040 form Economics study guide