HIS1202: Economics

05/01/2023 to 04/30/2024 • Modified 06/08/2023

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Course Description

This semester-long course provides an overview of both microeconomics and macroeconomics, including a discussion on the relationship between worldviews and economic theory. Students will be presented with free-market microeconomic theory as it relates to the nature of property and property ownership, the laws of supply and demand, profits and incentives, and the morality of markets. The section on macroeconomics will cover the role of civil government in the economy and discuss topics such as taxation and fiscal policy, tariffs, and minimum wage laws. Students will also be introduced to the principles of a biblical work ethic and learn how the fall of man impacts economics.

Prerequisite

None

Schedule

Module 1: Introduction to Economics

  • Week 1: Economics Basics
  • Week 2: Production & Economic Systems
  • Week 3: Assessments: Introduction to Economics

Module 2: Price, Profit, Productivity & Competition

  • Week 4: Supply, Demand & Price
  • Week 5: Price, Profit & Productivity
  • Week 6: Competition & Circular Flow

Module 3: Work & Money

  • Week 7: Capital & Labor
  • Week 8: Project & Test: Price, Profit, Work & Money
  • Week 9: Exam: Quarter 1

Module 4: Markets, Inflation & Economic Strategies

  • Week 10: Markets, Employment & Inflation
  • Week 11: Business & Economic Strategies

Module 5: Government & the Economy

  • Week 12: Economic Policy
  • Week 13: Economic Theories
  • Week 14: Assessments: Government & the Economy

Module 6: Business & Trade

  • Week 15: Entrepreneurship & Trade
  • Week 16: International Business
  • Week 17: Economic Change Essay & Test: Business & Trade
  • Week 18: Exam: Quarter 2

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