HIS 1202: Economics
05/01/2024 to 05/30/2025 • Modified 04/23/2024
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.
Next Start Date*
Next Monday
Program Restrictions*
- ESD: Elementary School Diploma (ESDP-ESD-D) Excluded
- MSD: Middle School Diploma (MSDP-MSD-D) Excluded
High School Diploma Requirements*
- Contributes .5 credits to LUOA – Personal Finance/Economics, Economics Requirement.
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
*Course specifics are tentative and subject to change each year. For the most current information, please refer to the Course Registration Tool.