FREE MARKET ECONOMICS

High School credit



Scope and Sequence

TEACHER: Melanie Kriewaldt  *  mkriewaldt@gwbridgeacademy.com * 512-541-9212

UNIT 1: MACROECONOMICS: A FREE MARKET ECONOMY

1.  Lesson 1 -Introduction to Economics

  • Austrian School of Economics & Basic Economic Terms

  • Supply and Demand Curve

2.  Lesson 2 -Defining a Free Market Economy

  • Subjective Valuation & Broken Window Theory

  • Profit and Circular Flow Diagram

3.  Lesson 3 -Employment, US Labor & Public Sector

  • Law of Diminishing Marginal Utility; Minimum Wage

  • Labor Unions and Civil Service Sector

4.  Lesson 4 -American Monetary System

  • Federal Reserve System and Banking History

  • US Dollar, Monetized Debt and Rise of Cryptocurrencies

5.  Lesson 5 -Entrepreneurship

  • Jacob and Animal Husbandry (Disruptive Markets)

  • Business Ownership/Production Factors

UNIT 1 EXAM

 

UNIT 2: MICROECONOMICS -FOLLOWING THE MONEY

1.  Lesson 1 -Evaluating Your Economic Condition

  • Determining Net Worth and Setting Budgets

  • Reading your Paycheck & Understanding your Credit History

2.  Lesson 2 -Everyone is a Capitalist

  • Making a Plan

  • Buying a Car

  • Insurance, Saving and Early Investing

3.  Lesson 3 -Peak Economic Potential & Activity

  • Salaries and Benefits

  • Buying a Home

  • Filing Federal Income Taxes

4.  Lesson 4 -A Strong Finish

  • Retirement, Wills and Estate Planning

UNIT 2 EXAM

ECOnomics Final Project

Career Research Study that will include gathering and sourcing information on salary ranges, benefits, advancement opportunities and a professional resume. Students will need to consult a professional in their field of expected study or work and reveal that advice and information.