Unit 58
Understanding economic principles and systems
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Day 1
What is economics? Scarcity and choice
Day 2
Opportunity cost
Day 3
Factors of production
Day 4
Economic systems: traditional
Day 5
Economic systems: command
Day 6
Economic systems: market
Day 7
Economic systems: mixed
Day 8
Supply: definition and determinants
Day 9
Demand: definition and determinants
Day 10
Supply and demand curves
Day 11
Market equilibrium
Day 12
Price changes and market response
Day 13
Elasticity introduction
Day 14
Competition and market structures
Day 15
Monopoly and oligopoly
Day 16
Role of entrepreneurs
Day 17
Money: functions and characteristics
Day 18
Banking and financial institutions
Day 19
Interest rates and borrowing
Day 20
The Federal Reserve
Day 21
Monetary policy basics
Day 22
Fiscal policy basics
Day 23
Measuring the economy: GDP
Day 24
Unemployment
Day 25
Inflation
Day 26
Business cycles
Day 27
International trade
Day 28
Globalization
Day 29
Personal finance connections
Day 30
Unit assessment