Price: $125 | Credits: One Semester | Dept: Social Studies | Course ID# 243
This course is a broad study of the different forms of the world’s economic systems, with a particular focus on the economy of the United States of America. Major topics include, but are not limited to: the free enterprise system, Keynesian economics, perfect competition, fiscal and monetary policies, money and banking, the Stock Market Crash of 1929 and international trade and globalization. This is a must have for any student heading off to college or a career. Economics is approved by the University of California A-G as an Elective (category G). Upon completion of this course, the student is awarded 5 credits. Each credit corresponds to 15 hours of study. Of course, some students work more quickly than others, and some can devote more hours to study, so some students are able to complete the course in an accelerated rate.
In this module, students gain a comprehension of the following:
- What economics is, the free enterprise system, Adam Smith, and Keynesian economics.
- Microeconomics, demand, supply, and price, as well as profits vs cost and imperfect and perfect competition, monopolies, oligopolies, public goods, externalities, and market failures.
- Macroeconomics, including employment, labor, the minimum wage, fiscal and monetary policy and economic indicators.
- The different types of business organizations, money and banking, savings and investments, as well as the financial systems.
- The historic recessions and depressions in the US inluding the first great depression of 1837, the panics of 1873 and 1893, the financial crisis of the 1900’s, the stock market crash of 1929, and the great recession of 2007.
- The different world economic systems, including developing nations, the world bank, the international monetary fund, trade competition, and globalization.
This course covers the following topics:
- Introduction to Economics
- Business, Banking and Finances
- Historic Recessions and Depressions in the United States
- Global Economics and International Trade