This online Economics course provides an introduction to the structure and operation of the U.S. economy in a global setting. Students will learn basic economic concepts such as scarcity and opportunity costs, and will analyze the role of prices and how they are determined in a market economy. They will consider the influence of the federal government on the economy including the aims and conduct of fiscal and monetary policy. Students will become well versed in the operations and changing trends of the labor market. They will study and be able to calculate and assess the significance of such aggregate measures as gross domestic product, the consumer price index, and the unemployment rate. They will gain a thorough understanding of international trade and foreign exchange, and will learn and apply the principle of comparative advantage as they analyze production and trade issues. Successful completion of this online economics course requires students to demonstrate critical thinking, organizational, and communicative skills in the completion and presentation of challenging projects.
All courses are written to California Department of Education
standards and to national standards, as applicable.