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DHH Applied Economics 1 (7360) - SITE ADOPTED COURSE - |
Approved Site(s): | |
This is a site adopted course for Madison High School. Other schools may not offer this course without prior approval from the Interdivisional Curriculum Committee. | |
Grade Range: | |
11–12 | |
Prerequisites: | |
None | |
Course duration: | |
One semester | |
Subject area in which graduation credit will be given: | |
Elective | |
Notes: | |
This course teaches core curriculum concepts but does not meet district standards for a diploma. | |
Course Description: | |
This course covers basics of economics from a personal budget to national spending with its resulting taxation and societal implications.
Students analyze the difference between needs and wants and develop a personal budget to demonstrate economic abundance and scarcity. Students analyze both how they have made economic decisions in the past and how decision making can be improved. The course covers principles of saving; charts are developed analyzing the difference among credit unions, banks, and savings and loans for investing savings. The differences between simple and compound interest are demonstrated through calculating paying for a car using each type of financing. Comparisons are made between students’ personal budgets balancing needs and wants with the same issues a business, city, or nation faces and choices leaders must make. Graphic/pictorial representation of the relationship between a government’s spending and taxation is developed. | |
State Course Code(s): | |
9175 - Economics | |
Basic Texts and Teaching Guides: | |
Economics: Today and Tomorrow, Glencoe/McGraw-Hill, 2008. |
SED-13