Lincoln-Way East High School 201 Colorado Avenue - Frankfort, IL 60423 - (815) 464-4000

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Introduction to Economic Principles

This is a semester course.

1. Basic Economic Concepts
1. Resources and Scarcity
2. Economic Systems
3. Business Organizations
4. Market Structures
2. Microeconomics
1. Demand
2. Supply
3. Price Determination
4. Production Levels
5. Government Intervention
3. Macroeconomics
1. Labor and Wages
2. U.S. Tax System
3. Government Spending
4. U.S. Financial World Investment, Money and Banking
1. Money
2. Banking
3. Federal Reserve System
4. Monetary Policy
5. Investments
   1. Stock Market
   2. Bonds
6. Financial Assets
5. National Income
1. Nation’s Output
2. GDP/National Income Accounting
3. Business Cycles
4. Unemployment