• Ability to read and understand English.
• Basic numeracy skills (percentages, ratios, simple graphs).
• Interest in understanding how markets, businesses, and governments work.
• A notebook and pen for notes and assignments.
• Access to internet and a device (phone, tablet or computer) for online lessons and quizzes.
This course introduces students to the basic principles of economics and how societies use limited resources to satisfy unlimited wants. Students will study production, consumption, markets, demand and supply, prices, money, banking, government policy, and international trade. The course helps learners understand economic issues affecting individuals, businesses, and nations.
By the end of this course, students will be able to:
• Define economics and explain basic economic concepts.
• Describe demand, supply, and price determination.
• Understand the role of money, banks, and government in the economy.
• Analyze economic problems such as inflation, unemployment, and poverty.
• Interpret simple economic data and graphs.
• Apply economic thinking to everyday decision making.
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