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Economics Honors Academic Library

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Economics Honors Online

​Economics is a required course for high school graduation.  In the history of the United States there has been general acceptance that the free market system of capitalism is the best of available economic systems in the world.

Today there is an assault of the validity of the above statement with few facts to support the attack.  Capitalism has brought prosperity to a growing class of families in the United States. While not perfect, the other options offer little hope comparatively.

HIGHSCHOOL-B

Students should see our statement about these courses which are not authored from a biblical worldview. Students uncomfortable with these courses should enroll in our courses from a biblical worldview. 

Economics Honors Online 

 

Unit 1: Introduction to Economics

  1. Resources and Scarcity Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction
    3. Assignment – Read about natural resources in Florida.
    4. Quiz Answers
  2. The Three Questions of Economics Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do the three questions of economics influence economic decisions?
    3. Assignment – Read about two model businesses and how they answer the three economic questions.
    4. Quiz Answers
  3. Opportunity Cost Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How does opportunity cost influence economic decisions?
    3. Assignment – Analyze opportunity cost by examining scenarios.
    4. Quiz Answers
  4. Economic Systems Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What types of economic systems exist in the world today?
    3. Assignment – Analyze different types of economic markets.
    4. Quiz Answers
  5. Economic Systems (continued) Guided Notes
    1. ​Mini-Lesson – Learn how to participate and communicate effectively in a group discussion about economic systems.
    2. Project: Group Discussion – ​Participate in a group discussion about economics.
  6. Competition and Free Enterprise Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do free enterprise and competition interact in a mixed market economy?
    3. Assignment – Write an action plan that considers competition and free enterprise.
    4. Quiz Answers
  7. Technology and Economics Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How are new technologies changing economics?
    3. Assignment – Review the influence of technology on economics today.
    4. Quiz Answers
  8. Writing Workshop: The Importance of Free Enterprise
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do you write an argumentative essay about the importance of free enterprise?
    3. Pre-Writing – Create an outline in response to an argumentative essay prompt.
    4. Instruction – How do you write an argumentative essay about the importance of free enterprise?
    5. Rough Draft – Write a draft of an argumentative essay about the importance of free enterprise.
    6. Instruction – How do you write an argumentative essay about the importance of free enterprise?
    7. Final Draft – Revise and finalize an argumentative essay.
    8. Quiz Answers
  9. Unit Test
    1. Unit Test Review Answers
    2. ​Unit Test Answers

Unit 2: Microeconomics

  1. The Law of Supply and Demand Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What determines the price of a product?
    3. Assignment – Practice analyzing supply and demand curves.
    4. Quiz Answers – ​Quiz
  2. Determining Market Price Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do supply and demand work together to determine price?
    3. Assignment – Analyze the causes of equilibrium and disequilibrium.
    4. Quiz Answers
  3. Elasticity and Incentives Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How are changes in price influenced by consumer behaviors?
    3. Prepare for your Project – Learn how to create supply and demand graphs.
    4. Project: Graph – Creating Graphs to Reach Equilibrium
    5. Quiz Answers
  4. Profit Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How can producers maximize their profits?
    3. Assignment – Analyze graphs and tables to maximize profits.
    4. Quiz Answers ready for the lesson.
  5. Comparative and Absolute Advantage Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do comparative and absolute advantage influence economic choices?
    3. Assignment – Apply your knowledge of absolute and comparative advantage.
    4. Assignment – Explore the benefits and challenges created by natural monopolies.
    5. Quiz Answers
  6. Market Structures and Competition Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do market structures affect competition?
    3. Assignment – Read “The Standard Oil Monopoly.”
    4. Quiz Answers
  7. Case Study: Starting a Business
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What economic choices do you need to make when starting a new business?
    3. ​Assignment – Analyze supply and demand to effectively choose a business.
    4. Instruction – What economic choices do you need to make when starting a new business?
    5. Assignment – Create production possibilities schedules and curves to decide what to produce.
    6. Project: Schedules and Curves – Create a production possibilities schedule and curve.
    7. Assignment – Analyze production possibilities schedules and curves to decide what to produce.
    8. Instruction – What economic choices do you need to make when starting a new business?
    9. Assignment – Analyze marginal cost and marginal revenue to create a final business plan.
    10. 10.Quiz Answers
  8. Unit Test
    1. Unit Test Review Answers
    2. ​Unit Test Answers

Unit 3: Macroeconomics

  1. Introduction to Macroeconomics Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How does the study of macroeconomics help us understand the economy?
    3. Assignment – Answer questions about macroeconomics.
    4. Quiz Answers
  2. Economic Growth Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do economists measure changes in economic growth?
    3. Assignment – Explore the economies of Germany and Bolivia.
    4. Quiz Answers
  3. The Business Cycle Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How can the business cycle be used to evaluate a country’s economy?
    3. Assignment – Analyze the business cycle, and use it to make decisions.
    4. ​Quiz Answers
  4. Inflation and Stagflation Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How does inflation affect consumers and economic growth?
    3. Assignment – Read “The Economic Crisis of the 1970s.”
    4. Quiz Answers
  5. Inflation and Stagflation (continued) Guided Notes
    1. ​Mini-Lesson – Learn about and compare and contrast two accounts to gain a historical perspective on an economic event.
    2. Short Writing – Evaluate economic arguments.
  6. Money Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What role does money play in the economy?
    3. Assignment – Analyze concepts relating to money.
    4. Quiz Answers
  7. Investing and Financial Markets Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do investments and financial markets affect the economy?
    3. Assignment
    4. ​Quiz Answers
  8. Unit Test
    1. Unit Test Review Answers
    2. ​Unit Test Answers

Unit 4: Public and Private Solutions

  1. Fiscal Policy: Spending Guided Notes
    1. ​Warm-Up Get ready for the lesson.
    2. Instruction – How does government spending affect the economy?
    3. Assignment – Read “The Budget Message of the President.”
    4. Quiz Answers
  2. Fiscal Policy: Taxes Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do governments tax citizens?
    3. Assignment – Analyze taxation data and scenarios.
    4. Quiz Answers
  3. Fiscal Policy: Taxes (continued) Guided Notes
    1. ​Mini-Lesson – Learn about effective public speaking and analyze rhetoric used by a speaker when discussing economic issues.
  4. Monetary Policy: The Federal Reserve Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How does the Federal Reserve implement monetary policy?
    3. Quiz Answers
  5. Regulatory Policy Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – Why do governments create policies to regulate businesses?
    3. Assignment – Explore the roles of US regulatory agencies.
    4. Quiz Answers
  6. Economic Policy: Influential Theories Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How have influential economists created new ways of understanding economic policy?
    3. Assignment – Explore the Federal Reserve’s response to the economic crisis of the late 2000s.
    4. Quiz Answers
  7. Problem Solving in Social Studies
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How can you use a problem-solving process to identify and solve a problem?
    3. Summary – Review and connect what you learned.
    4. Assignment – Use a problem-solving process to identify and solve a problem.
    5. Assignment – Use a problem-solving process to identify and solve a problem.
    6. Assignment – Use a problem-solving process to identify and solve a problem.
    7. Quiz Answers
  8. Labor Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How did increased government regulation change business and labor in the US?
    3. Assignment – Analyze charts, graphs, and primary sources about labor issues.
    4. ​Quiz Answers
  9. Business Structures Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What are the advantages and disadvantages of different types of business organizations?
    3. Assignment – Analyze business structures and provide advice to new businesses.
    4. Quiz Answers
  10. Entrepreneurship Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – Why is entrepreneurship important to a growing economy?
    3. Assignment – Write about the arguments for and against free enterprise.
    4. Quiz Answers
  11. Entrepreneurship and Microenterprise
    1. ​Short Writing: Entrepreneurship and Microenterprise – Explore resources that show how public policy and other programs can support entrepreneurship and microenterprise. Then write 1-2 paragraphs that describe the types of public policies that make it easier for people to start and sustain small businesses.
    2. Project: Entrepreneurship and Microenterprise – ​Explore the ways that government policies can support entrepreneurship and microenterprise. Then create a proposal for public policies and programs that will increase youth social entrepreneurship in a small developing nation.
  12. Unit Test
    1. Unit Test Review Answers
    2. Unit Test Answers

Unit 5: C​IVICS AND PARTICIPATION

  1. A Citizen’s Responsibilities Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What does it mean to be a citizen?
    3. Summary – Review and connect what you learned.
    4. Assignment – Write about your responsibilities as a citizen.
    5. Quiz Answers
  2. Political Perspectives Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – Why do citizens hold different political ideologies?
    3. Summary – Review and connect what you learned.
    4. Assignment – Write about how you form an opinion.
    5. Quiz Answers
  3. Political Parties Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What role do political parties play in American democracy?
    3. Summary – Review and connect what you learned.
    4. Assignment – Explore political party platforms.
    5. Quiz Answers
  4. Campaigns and Elections Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What is the role of campaigns and elections in the political process?
    3. Summary – Review and connect what you learned.
    4. Assignment – Analyze campaign finance issues.
    5. Quiz Answers
  5. Voting Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – Why is voting an important form of participating in government?
    3. Summary – Review and connect what you learned.
    4. Assignment – Analyze data about voting.
    5. Quiz Answers
  6. Interest Groups and Lobbying Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How do interest groups influence American government?
    3. Summary – Review and connect what you learned.
    4. Assignment – Read excerpts from a speech about lobbyists.
    5. Quiz Answers
  7. The Media and Politics Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How does the media affect the political process?
    3. Summary – Review and connect what you learned.
    4. Assignment – Analyze the connection between the media and political campaigns.
    5. Quiz Answers
  8. Voter ID Laws
    1. ​Short Writing: Voter IDs: Yea or Nay?
    2. Explore perspectives and policies related to voter ID laws Then write 1-2 paragraphs describing the benefits and drawbacks of these laws, and your evidence-based recommendations for the policy that would best support free and fair elections.
    3. Project: Voter IDs: Yea or Nay? – Participate in a debate about voter ID laws and present findings in a PowerPoint presentation.
  9. Unit Test
    1. Unit Test Review Answers
    2. ​Unit Test Answers

Unit 6: Financial Literacy

  1. Principles of Financial Planning Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What tools and strategies can you use to manage your personal finances?
    3. Assignment – Write about personal finance strategies.
    4. Quiz Answers
  2. Making Employment Decisions
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What factors should you consider when choosing a career and an education?
    3. Assignment – Read about the costs and benefits of a college education.
    4. Quiz Answers
  3. Budgeting Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How can creating a budget help you achieve your financial goals?
    3. Prepare for your Project – Learn how to create a budget.
    4. Project: Budget – Create a successful budget.
    5. Quiz Answers
  4. Banking: How to Manage Your Money Guided Notes
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – How can banks help you to manage your money?
    3. Assignment – Practice managing a bank account.
    4. Quiz Answers
  5. How Credit Works
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What responsibilities do consumers take on when using credit?
    3. Assignment – Answer questions about the responsibilities consumers take on when using credit.
    4. Quiz Answers
  6. Principles of Investment
    1. ​​Warm-Up – Get ready for the lesson.
    2. Instruction – What factors affect the success of an investment?
    3. Assignment – Analyze the success of investments.
    4. Quiz Answers
  7. Investment Strategies
    1. ​Warm-Up – Get ready for the lesson.
    2. Instruction – What strategies should you consider when investing for your future?
    3. Assignment – Read about wills and planning for the future.
    4. Quiz Answers
  8. Unit Test
    1. Unit Test Review Answers
    2. ​Unit Test Answers

Unit 7: Cumulative Exam

  1. Cumulative Exam Review Answers
  2. Cumulative Exam Answers