Economics Course Description and Goals
Free Enterprise is designed to give the student a better understanding of the American economic system. It also provides students with a realistic background for solving and understanding problems that confront the individual. This is a one semester class required for graduation. Students must also enroll in American Government.
By the end of this course students should understand that:
People make rational decisions based on weighing the costs and benefits of their choices.
Scarcity influences the choices of individuals, organizations, and governments.
Economic systems differ in how they allocate, produce, and distribute their scarce resources.
The market is the intermediary between buyers and sellers at all levels (individual, business, and government) to interact and exchange goods for an agreed upon price.
A country’s economic performance is measured, and can be affected by, various long-term factors (GDP, GNP, unemployment, inflation, etc.)
A country’s economic performance is influenced by the fiscal policy of governments and the monetary policies of central banks.