All Senior students will take either one year-long senior elective, or two semester-long senior electives.
This course is an introduction to the basic concepts of economics. You will explore the foundational principles of scarcity, choice, cost, incentives, trade, and markets. During the semester, our focus will be on the concepts of supply and demand, business and financial markets, government fiscal and monetary policy, trade, and investing. Students who complete this course successfully will be able to: understand how scarce resources, incentives, and choices underly the decisions they make; explain how the concepts of supply and demand are composed and how they work together; describe how government fiscal and monetary policy can help (or harm) the economy and its level of growth; understand how our financial system (money and banking) operates and the Federal Reserve's role in that system; and see the importance of saving and investing for the long term.