Course curriculum

  • 1

    Week 1: Introduction to Economics and the Production-Possibilities Frontier

    • Monday: Meet RAeconomics Curriculum Authors

    • Prerequisite Videos for Honors Economics

    • Tuesday: Introduction to Economics, Key Concepts , Quiz and Three Historical Economists

    • Wednesday: Marginal Analysis and Five Powers of Economic Thinking

    • Thursday: Production-Possibilities Frontier, Part I

    • Friday: Current Events and "Free" Response Question
  • 2

    Week 2: Production-Possibilities Frontier

    • Quiz to See What You Do or Don't Know About Economics (10-Questions True/False)

    • Monday and Tuesday: Production-Possibilities Frontier, Part II (TWO DAYS)

    • Wednesday and Thursday : Production-Possibilities Frontier, Part III (TWO DAYS)

    • REVIEW FOR FRIDAY'S EXAM #1 - Weeks 1 and 2

    • Friday: TEST #1 -- 20 Multiple Choice Questions (You Must Receive a 70% or Higher to Move on in this Class) SAVE GRADE INSIDE YOUR ECONOMICS JOURNAL
  • 3

    Week 3: Quantity Demanded; Demand; Quantity Supplied; Supply

    • Monday and Tuesday: Quantity Demanded vs. Demand (TWO DAYS)

    • Wednesday and Thursday: Quantity Supplied vs. Supply (TWO DAYS)

    • Friday: "Current Events Friday" and "Free" Response Question Friday
  • 4

    Week 4: Supply and Demand Combined; Shortages and Surpluses; Deadweight Loss

    • Monday and Tuesday: Supply and Demand Continued (TWO DAYS)

    • Wednesday and Thursday: Consumer and Producer Surplus; Deadweight Loss (DWL) (TWO DAYS)

    • REVIEW FOR FRIDAY'S EXAM #2 - Weeks 3 and 4

    • Friday: TEST 20 Multiple Choice Questions (You Must Receive a 70% or Higher to Move on in this Class) SAVE GRADE INSIDE YOUR ECONOMICS JOURNAL
  • 5

    Week 5 (Monday and Tuesday) Price Controls: Price Ceilings and Price Floors

    • Week 5 (Monday): Price Ceiling (Pc), Price Floor (Pf), Deadweight Loss (DWL)

    • Week 5 (Tuesday): Elasticity

    • Week 5 (Wednesday): Elasticity and a Per-Unit Tax

    • Week 5 (Thursday and Friday): Elasticity and a Per-Unit Tax and FRQs
  • 6

    Week 6: Utility and Financial Literacy

    • Week 6 (Monday): Utility, Marginal Utility, Marginal Utility Per-Dollar Spent; Budget Constraints

    • Week 6 (Tuesday): Utility, Marginal Utility, Marginal Utility Per-Dollar Spent; Budget Constraints

    • Week 6 (Wednesday): Financial Literacy -- Personal Budgeting

    • Week 6 (Thursday) Financial Literacy -- Income and Wealth; Compound Interest and the Rule of 72

    • REVIEW FOR FRIDAY'S EXAM #3 - Weeks 5 and 6

    • TEST #3 Weeks 5 -6
  • 7

    Week 7: Financial Literacy

    • Week 7 (Monday) Financial Literacy -- Stocks and Bonds

    • Week 7 (Tuesday) Financial Literacy -- Financial Investments and Establishing Credit

    • Week 7 (Wednesday) Financial Literacy -- Establishing Credit and Purchasing a Car

    • Week 7 (Thursday) Financial Literacy -- Purchasing a House

    • Week 7 (Friday) Financial Literacy -- Filling Out the 1040 Tax Form for 2020
  • 8

    Week 8: Cost of Doing Business and Market Structure

    • Week 8 (Monday): Cost of Doing Business

    • Week 8 (Tuesday): Labor Costs

    • Week 8 (Wednesday): Types of Market Structure

    • Week 8 (Thursday): How to Make Money

    • REVIEW FOR FRIDAY'S EXAM #4 - Weeks 7 and 8

    • Week 8 (Friday) TEST #4 for Weeks 7 - 8. (You Must Receive a 70% or Higher to Move on in this Class)
  • 9

    Week 9: Market Failure, Externalities, and Income Inequality

    • Week 9 (Monday): Business Lessons from a CEO and from Reff

    • Week 9 (Tuesday): Negative and Positive Externalities

    • Week 9 (Wednesday): Public Goods vs. Private Goods

    • Week 9 (Thursday): Lorenz Curve (Income Equality and Income Inequality)

    • Week 9 (Friday): Reffonomics Baseball Externalities; Reffonomics Baseball Lorenz Curve
  • 10

    Week 10: Macroeconomics Indicators

    • Week 10 (Monday) Introduction to MACROECONOMICS and Macroeconomics Indicators

    • Week 10 (Tuesday): Macroeconomics Indicator -- Real Gross Domestic Product (RGDP)

    • Week 10 (Wednesday): Macroeconomics Indicator -- Full Employment and Unemployment

    • Week 10 (Thursday): Macroeconomics Indicator -- Price Stability

    • TEST #5 REVIEW for Weeks 9 - 10

    • Week 10 (Friday) TEST #4 for Weeks 9 - 10 (You Must Receive a 70% or Higher to Move on in this Class)
  • 11

    Week 11: Business Cycle, Real vs. Nominal, and Aggregate Demand

    • Week 11 (Monday): Business Cycle and Real vs. Nominal

    • Week 11 (Tuesday - Thursday): Aggregate Demand

    • Week 11: Current Events and Interactive Multiple Choice Questions
  • 12

    Week 12: Aggregate Demand (AD); Short-Run Aggregate Supply (SRAS); Long-Run Aggregate Supply (LRAS)

    • Week 12 (Monday): Aggregate Demand and Short Run Aggregate Supply

    • Week 12 (Tuesday): Long-Run Aggregate Supply

    • Week 12 (Wednesday): Expenditure Multiplier, Part I

    • Week 12: (Thursday) Recessionary (Output) Gap and Inflationary Gap

    • TEST #6 REVIEW for Weeks 11- 12

    • TEST #6 for Weeks 11 - 12
  • 13

    Week 13: ASAD Graph (continued); Fiscal Policy

    • Week 13: Practice Drawing ASAD Graphs

    • Week 13 (Tuesday): Fiscal Policy -- Debt and Deficit

    • Week 13 (Wednesday): Fiscal Policy -- Types of Taxation

    • Week 13 (Thursday): Fiscal Policy -- U.S. Federal Budget (Taxation or Receipts)

    • Week 13: Current Events Friday
  • 14

    Week 14: Fiscal Policy (Continued) and the start of Monetary Policy

    • Week 14 (Monday): Federal Budget (Government Spending or Outlays)

    • Week 14 (Tuesday): Federal Budget (Fiscal Policy Simulation -- Fiscal Policy Ship)

    • Week 14 (Wednesday) Personal Taxes, Government Spending, Business Taxes, Business Subsidies -- Effects shown on ASAD Graph

    • Week 14 (Thursday): Money --Its Function and Measurement (a historical perspective)

    • Week 14 (Friday): Definition of Money and An Allegory on The Creation of Money, Part II

    • Week 14 (Friday): Recollections of Pine Gulch (Record Your Score inside your Economics Journal)

    • TEST # 7 REVIEW for Weeks 13 - 14

    • Test #7 for Weeks 13 and 14 (Record Your Final Score in Your Economics Journal)
  • 15

    Week 15: The FED and the NEW Ample Reserves Regime

    • Week 15 (Monday): Monetary Policy and the Federal Reserve

    • Week 15 (Tuesday): The FED and its NEW Ample Reserves Regime, Part I

    • Week 15 (Wednesday): The FED and its NEW Ample Reserves Regime, Part II

    • Week 15 (Thursday): The FED and its NEW Ample Reserves Regime

    • Week 15: Current Events Friday
  • 16

    Week 16: Stabilization Policies and International Trade

    • Week 16 (Monday): Stabilization Policies

    • Week 16 (Tuesday): International Trade (Balance of Trade)

    • Week 16 (Wednesday and Thursday): International Trade (Exchange Rates)

    • TEST # 8 REVIEW for Weeks 15 - 16

    • TEST #8 for Weeks 15 - 16 (Record Your Final Score in Your Economics Journal)
  • 17

    Week 17: International Economics (Trade, Exchange Rates, and Less Developed Countries)

    • Week 17 (Monday): Balance of Payments

    • Week 17 (Tuesday): World Trade and Imposition of Tariff

    • Week 17 (Wednesday): Economic Growth Policies and Less Developed Countries

    • Week 17: Current Events Friday
  • 18

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