Economics (Honors)
A year long course, alternating with AP Government, with emphasis on both micro and macro economic concepts. The course objectives are designed to provide students with an in depth understanding of major economic constructs and systems, the principles of economic decision making and the interdependence of economies throughtout the world.
The course meets the requirements for Economics 101 at the college level and is offered as a dual credit course with Monroe Community College. Majority of students in the course elect the dual credit option which is transferable to a four year institution upon completion of the course.
In aligning course objectives to meet New York State Standards, students will be able to:
- Analyze the effectiveness of the varying ways societies attempt to satisfy their basic needs and wants by utilizing scarce resources.
- Apply basic economic concepts such as scarcity, supply/demand, opportunity costs, production, money and banking, economic growth, markets and competition, fiscal and monetary policies, societal issues of poverty, unemployment and inflation to the United States and economies throughout the world.
- Understand the nature of scarcity and how and why nations make choices involving economic and social costs and benefits.
- Analyze the ideals, principles, structure, practices, accomplishments and problems related to the United States.
- Understand the roles in our economic system of consumers, producers, workers, investors and voters.
- Analyze the philosophies and/or theories of classical and modern economists and the applicability of these ideas to current issues.
To accomplish said objectives students will:
Use a variety of intellectual skills, meeting the various learning styles to include, but not be limited to
Form hypotheses about economic issues, refining and testing hypotheses and developing new
ones as necessary
Develop charts, graphs, diagrams and tables to support hypotheses and to illustrate concepts
Evaluate economic data from standard reference works, news media. data bases and government
publications
Apply a problem solving model to identify economic issues and consider alternative solutions by
utilizing different formats including research reports and/or oral presentations
