Course Overview

An introductory economics course, it examines the allocation of resources and their uses for satisfying human needs and wants. Key elements include study of scarcity and economic decision making, supply and demand, market structures, role of government, national income determination, the role of financial institutions, economic stabilization, and trade, with a focus on the United States. Students will learn the role that supply, demand, prices, and profits play in a market economy.

The course is designed for fourth-year high-school students.

View a demo version of the course at https://iu.instructure.com/courses/1596753

Prerequisite

None, but Diploma students should first take two semesters of U.S. History, and either two semesters of World History and Civilization or two semesters of Geography and History of the World.

Required Materials

The following text is required for this course:

Roger LeRoy Miller. Economics: Today and Tomorrow. New York: Glencoe/McGraw-Hill, 2008. 
ISBN (978-0-07-874766-3)