Principles of Economics

Why This Class

As students prepare to navigate the complexities of the modern world, understanding the principles of economics is essential for making informed decisions that affect both their personal lives and society at large. This course offers an exploration of the fundamental concepts that drive economic systems and influence daily life.

Guided by experienced mentors, students will delve into key economic theories and models, examining how they apply to real-world scenarios. From the basics of supply and demand to the intricacies of fiscal and monetary policy, this course encourages students to think critically about the choices individuals, businesses, and governments make.

Through engaging projects, case studies, and simulations, students will gain a comprehensive understanding of how economic forces shape our world. They will learn to analyze data, interpret economic indicators, and evaluate the impact of various policies on different segments of society.

By completing this course, students will not only develop a solid foundation in economic principles but also cultivate the skills necessary for responsible citizenship and informed decision-making. They will be empowered to engage in discussions about economic issues, recognizing the interplay between economic theory and real-life applications, ultimately contributing to a more informed and engaged society.

Overarching Questions

How does having limited resources (scarcity) influence our choices, both as individuals and as a group?

How do different economic systems decide how to produce and share goods and services?

What are the benefits and drawbacks of different types of tax systems?

How do economics and politics interact when leaders try to stabilize the economy?

How much will a purchase made today cost in the future?

Readings for Live Course *

TBD

Course Details

Recommended Grade: 11th (Junior) – 12th (Senior)

Prerequisites: HS Math 1 or instructor approval

Estimated Weekly Hours: 5

Format: Self-paced

Credits: 0.5

Please contact our Customer Support Team at support@williamsburglearning.com if you have questions.
Please note that program and course descriptions, as well as reading and materials lists, are subject to change as we continuously improve our curriculum throughout the year. Book and materials lists for the upcoming school year are published in SIS mid to late June. Some courses require subscriptions e.g., Adobe software or online magazines that may not be covered by partner schools.