Economics - The study of the allocation of scarce resources and goods
Physical Capital - The factor of production that includes tools, machinery, and buildings. Ex: computers,
Three types of economies - free market economy, central or command econom
Types of unemployment.
How unemployment rates are determined.
What is Inflation?
Types of inflation.
Effects of Inflation.
Unemployment rate is an
accurate indicator of the
wellbeing of the economy.
What is economics?
Define the 4 economic systems.
Explain how competition, self-regulation and self-interest work in the free
Define free enterprise.
What are the 6 factors that can cause the demand curve to shift to the
Economic History Research
History of Economic Thought
Deals with different thinkers and theories in the subject that became
political economy and economics, from the ancient world to the present
day. It encompasses many disparate schools of economic
United States of America
What Continent is the US in? North America
Oceans that surround the USA: North Atlantic Ocean and North
Pacific Ocean. What countries are south and north of the US?
Canada and Mexico
Population: 323,995,528 (July 2016)
Economics : Fiscal Policy
Why is the fiscal policy important?
- It regulates
- controls decisions
made at the local,
national and federal
(goods, services and
levels of taxation
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