Honors
ECONOMICS

Honors Economics Schedule Academic Expectations Academic Honesty Policy

MR. CRAWFORD


INTRODUCTION TO ECONOMICS

Economics is the social science that studies the production, distribution, and consumption of goods and services.  The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold)." - Wikipedia

Economics is divided into two parts:  Macroeconomics and Microeconomics. Macroeconomics uses the basic principles of economics to explain the economic system as a whole while the study of Microeconomics concerns the fundamental decisions of individuals--both consumers and producers--within the larger economic system. Microeconomics includes concepts such as opportunity cost, scarcity, business organization, financial  management, product and factor markets, cost analysis, price determination, and profits.

The Honors Economics course will focus on the study of Microeconomics, and in particular the practical application of microeconomic principles to individual decision-making.

Course Objectives: 

Students will:

      Obtain an understanding of fundamental economic principles and theories. 

      Understand how their choices are determined by cost-benefit analysis and profit-seeking. 

      Apply their understanding of economic concepts to their personal lives. 

      Enhance their decision-making abilities by analyzing and examining contemporary economic issues.

Grades will be based on homework, quizzes, test scores, simulations, and a final senior project.


  eTextbook:

Economics
, 12th ed. O'Sullivan, Sheffrin, and Wiggins. Pearson, 2010.

Robert A. Crawford.
Copyright 1998
All rights reserved.
Revised: