This multi-media on-line course focuses on the decision making of individuals, organizations, and governments in a market setting. It covers topics such as scarcity, opportunity cost, demand, supply, price, and the four types of market structures. Students learn about business organizations, labor, money and banking, financial markets and international trade. There is a focus on the Gross Domestic Product and how it is calculated as well as on various economic challenges that affect the economy. Taxes and government spending are highlighted as well as the role of the Federal Reserve and monetary policy.
There are 10 videos dealing with personal finance that are assigned to provide students with practical knowledge and skills that are immediately applicable to their everyday lives, such as buying insurance, paying for education, and how to open a savings account.
The course is worth one-half unit. It is self-contained with no additional textbook or print materials required. There are a total of 19 examinations in this course.
