Economics (Period Per 4)

This course is a study of economic concepts and how they affect the daily lives of students and their families. This can include work, home, school, and free time. Economic systems are studied and compared in various countries. How money is received and spent while satisfying wants and needs with limited resources is analyzed. The students learn about many economic concepts such as supply and demand, scarcity, competition, income, budgeting, gross domestic product, banking, federal reserve system, business, tax, stocks and bonds, wages, labor unions, spending, saving, borrowing, banking, money, consumer price index, inflation, deflation, unemployment, circular flow of income, national budget, national debt, deficit, international trade, and exchange rates.

This class has been developed so the students can have knowledge and express themselves on the subject in this ever evolving world. The SPHS Expected School wide Learning Results (ESLRs) will be followed so students will be able to think and produce in a variety of ways, communicate effectively, be resourceful, and be responsible and accountable in their community and beyond. Because of the expectations and guided work exploration of this class, the students will be headed towards the mission statement of South Pasadena High School which is to empower/enable students to think critically and creatively, communicate effectively, solve problems, set and reach goals, and work cooperatively and independently as responsible citizens of the community.

 The Common Core Curriculum Standards are guiding the subject matter in the class work, homework, tests, and projects so that 21st century skills can be obtained for life beyond high school.