Teacher: Mr. William McMurray
Text: Economics, Principles in Action, Pearson Printice Hall, New Jersey: 2005 ($60 replacement cost)
Email: william.mcmurray@cowetaschools.org
Economics is the study of the nation’s economic system with comparison to other economic systems. Emphasis will be placed on Gross National Product (GNP), supply and demand, monetary policy, scarcity, and market structure. Economics will be taught to seniors for a full term and will allow for more instruction in the concepts of microeconomics and macroeconomics as well as some instruction in personal finance. This course is required for graduation. Students will take a required Georgia State End of Course Test (EOCT) which accounts for 15% of their final grade.
Course Outline:
Ø What is Economics
Ø Economic Systems/Comparative Economic Systems
Ø Business Organizations/Financial Investments
Ø Demand/Supply/Price Determination
Ø Market Structures, Competition, and the role of Government
Ø Gross Domestic Product/Population, Economic Growth, and Business Cycles
Ø Unemployment, Inflation and Poverty/Employment, Labor, and Wages
Ø Sources of Government Revenue/Government Spending
Ø Money and Banking/The Federal Reserve System/Monetary Policy
Ø Achieving Economic Stability
Ø International Trade
Ø Developing Countries/Global Economic Challenges
Methods of Instruction:
Ø Lecture
Ø Writing Assignments
Ø Reading Assignments
Ø Cooperative Learning
Evaluation:
Class Work/Homework: 60% of “in-class grade”
Tests/Projects: 40% of “in-class” grade.
*The above grades count for 85% of your final grade.
*The End of Course Test (EOCT): 15% of final grade.