In Economics Unit 5 (Pace 1143), students will learn about international trade patterns, money and financial institutions, how money creates money, types of financial assets. This unit is one unit in a series of six colorful independent study mastery-based units of instruction and includes direct instruction to the student as well as all necessary quizzes and tests.
Throughout the six Economics Paces your student will:
Learn about price theory, laws of supply and demand, production, cycles of free enterprise, international and free trade, banking and investments, stewardship, government, and the economy.
Identify definitions, terms, and theories of economics.
Learn about the organization and functions of the Federal Reserve and the Social Security Systems.
Interpret information from and use profit and loss tables and graphs.
Learn how to establish and follow a budget.
Discover the disadvantages of debt, the value of saving, and being involved in a long-range financial plan.