Economics is a required class in ISD 518. The class is one quarter in length, and students receive 1/2 credit. The course will provide students with the basic concepts, principles, and practices of economics. Students will develop an understanding of the U.S. free enterprise system and compare it to other economic systems. Students will learn how economic systems work, and why economics is an important subject in the world today.
Unit 1: What is Economics
Unit 2: Economic Systems
Unit 3: Demand
Unit 4: Supply
Unit 5: The Price System (supply and demand)
Unit 7: Competition
Unit 8: The Role of Business and Labor