Economics

Economic forces shape everyday life, from the cost of college to the interest rate on a mortgage, and most of them are beyond our control. This resource helps students understand them and make better decisions as individuals and as voters. Starting with scarcity, choice, and the role of economists, students move through markets, supply and demand, and the core measures of the economy: GDP, inflation, and unemployment. They explore why some countries are rich while others are poor, the roles of saving, investment, and financial institutions, and how money and monetary policy work. Using aggregate demand and supply models, students examine how policymakers use monetary and fiscal policy to stabilize the economy, building economic literacy and a clearer view of real-world developments.