High Economics

Module One: Economics and You

• Three basic economic questions
• Scarcity and opportunity cost
• Cost-benefit analysis
• Demand and supply
• How price is determined
• Functions and characteristics of the money supply
• Taxes and tax returns
• Cash management, savings, and investment accounts
• Interest rates and inflation
• Budgeting

 

Module Two: Markets and You

• Factors of production
• Entrepreneurship
• Different forms of business organization
• Characteristics of different market structures
• Productivity and marginal cost analysis
• Production possibilities curves
• Positive and negative externalities
• Wage and price controls
• Natural monopolies and the purposes of government regulation

 

Module Three: The National Economy and You

• The business cycle
• Tools and goals of fiscal policy
• The Federal Reserve System
• Tools and goals of monetary policy
• Traditional, market, command, and mixed economies
• Broad economic goals and indicators of national economic health
• Absolute and comparative advantage
• Free trade and barriers to trade
• Effects of inflation
• International exchange rates

There are no required materials for this course.

Besides engaging students in challenging curriculum, the course guides students to reflect on their learning and evaluate their progress through a variety of assessments. Assessments can be in the form of practice lessons, multiple choice questions, writing assignments, projects, research papers, oral assessments, and discussions. This course will use the state-approved grading scale. Each course contains a mandatory final exam or culminating project that will be weighted at 20% of the student’s overall grade.***

 

***Proctored exams can be requested by FLVS at any time and for any reason in an effort to ensure academic integrity. When taking the exam to assess a student’s integrity, the exam must be passed with at least a 59.5% in order to earn credit for the course.  

 

To achieve success, students are expected to submit work in each course weekly. Students can learn at their own pace; however, “any pace” still means that students must make progress in the course every week. To measure learning, students complete self-checks, practice lessons, multiple choice questions, projects, discussion-based assessments, and discussions. Students are expected to maintain regular contact with teachers; the minimum requirement is monthly. When teachers, students, and parents work together, students are successful.