Economics with Mr. Beck
 

Links!

Standards 

Mr. Beck's Lessons 

Standard Economics Textbook

Advanced Placement Economics Textbook  Supplemental information for AP study  (Interactive on-line quizzes are here!)

SimEcon

Profit Maximization Graph         Use this AP interactive site to see what a firm does!

Cool Resources Site     Courtesy of Mr. Beeken

LA County Library Site   Great research site for those with library card!

Economics with Walter Williams    Get the word from one of the most insightful economists around

16 Decisions  The "Borrower's Rules" from the Grameen Bank




 

"Decide what you want, determine what you will exchange for that, establish your priorities, and go to work."

    This quote from oil magnate H.L. Hunt is the essence of Economics.  In this course, we will be taking that quote and dissecting it, identifying and examining all the components of how people work to use resources to make their lives materially better.

    Outline of course:

    Fundamentals

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    Values and choices

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    Scarcity and abundance

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    Resources

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    Production

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    Wealth and technology

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    Goods and services

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    Trade-offs

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    Opportunity cost

    Comparative Economics

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    The Basic Economic Questions

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    Decision-making models

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    Capitalism, Socialism, Communism

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    History of Economics (Adam Smith, Industrial Revolution)

    Microeconomics     

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    Circular flow of the economy

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    Business organizations, corporations, stock market

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    Supply and demand, the consumer

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    Market structures, competition, monopoly

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    Production theory, marginal analysis

    Macroeconomics

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    Money

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    Federal Reserve and banking

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    Inflation and Unemployment

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    Taxes and government spending

    The Real World

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    Protecting yourself from inflation and taxes

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    Being a wise consumer

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    Making yourself marketable

    Partner Project

    Students working in pairs will spend a portion of the semester doing a project in which they will research and actually visit a large company.  They will put together a comprehensive report on their findings and give a presentation to the class about what they learned.

    They will also participate in a "Cookie-Selling" project in which they will market their product and compete against other cookie-sellers to see who gets the most revenue.

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