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Economics — Principles of Economics (California)
Curriculum
4 Sections
20 Lessons
Lifetime
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Unit 1: Economic Reasoning and Markets
5
1.1
Scarcity, Choice and Thinking at the Margin
50 mins
1.2
Supply and Demand Lab — Building and Using the Model
50 mins
1.3
Deliberation Lab — Price Controls and California’s Rent Cap
50 mins
1.4
Workshop — Adam Smith, Property, Competition and Liberty
50 mins
1.5
Performance Task — California Market Analysis Report
150 mins
Unit 2: Firms, Competition and Labor
5
2.1
Competition, Profit and Entrepreneurship
50 mins
2.2
Location Lab — Why Farms, Factories, Ports and Stores Are Where They Are
50 mins
2.3
Deliberation Lab — Unions, the Minimum Wage and California’s Fast-Food Wage
50 mins
2.4
Workshop — Wages, Productivity, Skills and Technological Change
50 mins
2.5
Performance Task — Labor Market Report and Briefing
150 mins
Unit 3: Government, Money and the Macroeconomy
5
3.1
What Government Does in a Market Economy — and When It Costs Too Much
50 mins
3.2
Measurement Lab — GDP, Jobs, Unemployment and Inflation
50 mins
3.3
Deliberation Lab — Fiscal Policy, Deficits and the National Debt
50 mins
3.4
Workshop — The Federal Reserve, Interest Rates and Financial Markets
50 mins
3.5
Performance Task — Economic Policy Briefing
150 mins
Unit 4: The Global Economy
5
4.1
Why Nations Trade — Comparative Advantage and Its Gains
50 mins
4.2
Exchange Rate Lab — What a Stronger or Weaker Dollar Does
50 mins
4.3
Deliberation Lab — Tariffs Then and Now: Smoot-Hawley and Today’s Debate
50 mins
4.4
Workshop — Capital, Labor and Borders in a Global Economy
50 mins
4.5
Performance Task — Trade Policy Position Paper and Address
200 mins
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