“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”

Economics

1. Course overview

a. Economics is a course designed for seniors to examine various microeconomic and macroeconomic issues. Students will look at how these concepts affect their every day lives and how they affect our nation. Students will analyze every day decision making as well as broad based, governmental decision making in an effort to understand the working of the global economy.

b. Areas of study

i. Introduction to Economics

1. What is Economics?

2. Economic Systems

3. American Free Enterprise

ii. How Markets Work

iii. Business and Labor

iv. Money, Banking and Finance

v. Measuring Economic Performance

vi. Government and the Economy

vii. The Global Economy

2. Materials

a. Spiral notebook for notes and personal reactions to class discussions

b. A pocket folder for handouts and other materials

c. Textbook Economics: Principles in Action will be distributed and should be brought daily

d. On test days please have a pencil and pen

3. Grading policy

a. Tests and quizzes will be given on a regular basis

i. There will be regular unit and chapter tests

ii. Quizzes (including occasional pop quizzes) will be given over readings, lectures, or individual chapters

b. Homework

i. Late homework is inexcusable and will be penalized as such: 25% off for each day late (i.e., if two days late, the highest possible grade is an 50%) until two days, after two days homework will not be accepted barring exceptional circumstances

ii. Homework will be collected and graded regularly but not always

c. Two or three in-depth research projects will be assigned.

i. Smaller research assignments will be given throughout the year.

d. A final exam will be given.

4. Class expectations

Economics is a required course for all WHS students and you need it to graduate. This course is designed for seniors who are willing to participate constructively and regularly. Please consider yourself part of a learning community and adhere to the following:

a. ATTENDANCE – tardiness and unexcused absences will not be tolerated.

b. Be responsible and adhere to school rules

c. Commit to your learning experience – COME PREPARED for class with all materials, homework and assignments.

d. Be polite

I can be found in the social studies office during 3^rd and 8^th periods.

MR. HUBER’S HOMEPAGE