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Economics** ** Content Outcomes ** Economics is concerned with the behavior of individuals and institutions engaged in the production, exchange and consumption of goods and services. As technology helps to reshape the economy, knowledge of how the world works is critical. People entering the workforce cannot function effectively without a basic knowledge of the characteristics of economic systems, how markets establish prices, how scarcity and choice affect the allocation of resources, the global nature of economic interdependence and how work and earnings impact productivity.

A Pennsylvania governor remarked, //"Among the freedoms we enjoy in America in our pursuit of happiness is the freedom to be independent, creative, visionary and entrepreneurial. We are free to pursue dreams…"// To succeed every student must know how to manage resources, prepare for the workforce, make wise investments and be informed about public policy. This class is intended to provide learning in how economic activity impacts the forces of everyday life. Text: __Economics-Principles in Action__ (Prentice Hall, 2003) Unit 1 – Introduction to Economics Chapter 1 – What is Economics? Chapter 2 – Economic Systems Chapter 3 – American Free Enterprise Unit 2 – How Markets Work Chapter 4 – Demand Chapter 5 – Supply Chapter 6 – Prices Chapter 7 – Market Structures Unit 3 – Business and Labor Chapter 8 – Business Organizations Chapter 9 – Labor Unit 4 – Money, Banking, and Finance Chapter 10 – Money and Banking Chapter 11 – Financial Markets

Chapter 1 Chapter 2 – Economic Systems