NYSDE Economics Printable Outline | Student Handouts
 
NYSDE Economics Printable Outline
www.studenthandouts.com ↣ Social Studies Teaching Materials ↣ Economics Educational Resources ↣ Introduction
 
 
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Introduction: Why Study Economics?
     I. Living in a Global Economy
          a. Economics and finance in our lives
               i. People have personal financial goals
               ii. National economic goals' impact on individuals
          b. Individuals have multiple roles in the global economy: consumer, saver, investor, producer, earner, borrower, lender, taxpayer, and recipient of government services
          c. The conflict between unlimited wants but limited resources forces both individuals and societies to make economic decisions
               i. What to produce
               ii. How to produce
               iii. Who will receive what is produced
          d. Productive resources help to determine our wealth and our nation's wealth
               i. Land
               ii. Labor
               iii. Capital
               iv. Management
          e. TERMS
               i. Scarcity
               ii. Trade-offs
               iii. Choices
               iv. Opportunity costs
               v. Limited resources
               vi. Unlimited wants
               vii. Growth
               viii. Stability
               ix. Economic fairness
               x. Productivity
               xi. Consumption...
 
 
www.studenthandouts.com ↣ Social Studies Teaching Materials ↣ Economics Educational Resources ↣ Introduction
 
 
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