Economics
Understanding economic principles, markets, and financial literacy.
Unit Overview
This unit introduces fundamental economic concepts including supply and demand, market structures, and personal financial literacy. These concepts appear frequently on standardized tests and are essential for understanding current events and making informed decisions.
Learning Objectives
- Understand the basic economic problem of scarcity
- Analyze how supply and demand determine prices
- Compare different economic systems and market structures
- Apply economic thinking to real-world decisions
- Develop personal financial literacy skills