Course Overview and Goals
The economics course for Year/Grade 11 aims to provide students with foundational knowledge and critical thinking skills in economics. The course will cover the principles of micro and macroeconomics, as well as economic systems, market structures, and global economics. By the end of the course, students should be able to analyze and evaluate economic issues and policies, as well as develop a deeper understanding of the role of economics in society.
Lesson 1-5: Introduction to Microeconomics
- Lesson 1: Introduction to Economics and Scarcity
- Lesson 2: Opportunity Cost and Production Possibilities Curve
- Lesson 3: Demand and Supply
- Lesson 4: Elasticity of Demand and Supply
- Lesson 5: Consumer and Producer Surplus
Lesson 6-10: Market Structures
- Lesson 6: Perfect Competition
- Lesson 7: Monopoly and Monopolistic Competition
- Lesson 8: Oligopoly
- Lesson 9: Price Discrimination and Pricing Strategies
- Lesson 10: Regulation and Antitrust Laws
Lesson 11-15: Introduction to Macroeconomics
- Lesson 11: National Income Accounting
- Lesson 12: Unemployment and Inflation
- Lesson 13: Aggregate Demand and Aggregate Supply
- Lesson 14: Fiscal Policy
- Lesson 15: Monetary Policy
Lesson 16-20: Economic Systems
- Lesson 16: Command Economy
- Lesson 17: Market Economy
- Lesson 18: Mixed Economy
- Lesson 19: Comparative Economic Systems
- Lesson 20: Economic Reform and Transition
Lesson 21-25: International Trade and Global Economics
- Lesson 21: Benefits of International Trade
- Lesson 22: Trade Barriers and Protectionism
- Lesson 23: Balance of Payments and Exchange Rates
- Lesson 24: International Organizations and Agreements
- Lesson 25: Globalization and its Effects
Lesson 26-30: Economic Issues and Policies
- Lesson 26: Income Inequality and Poverty
- Lesson 27: Environmental Economics
- Lesson 28: Healthcare Economics
- Lesson 29: Education and Human Capital
- Lesson 30: Future of Economics and Economic Trends
Assessment and Evaluation
- Throughout the course, students will be assessed for their participation, homework, and classwork.
- A midterm and final exam will be given to evaluate the student’s understanding of the course material.
- Students will be required to complete a research paper or project on an economic issue or policy.