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Economic costs and benefits
Students will compute measurements of costs (e.g. opportunity costs, marginal cost) and benefits (e.g. marginal utility, revenue), and use them to evaluate economic decisions.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Equilibrium analysis
Students will analyze market responses to changing environments using models of production possibilities, supply and demand, perfect competition, monopoly, and aggregate supply and demand.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Measures of wellbeing
Students will compute and interpret metrics of economic wellbeing, including consumer and producer surplus, deadweight loss, gross domestic product, and the consumer price index.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Efficiency
Students will compute measures of economic efficiency and demonstrate why perfectly competitive markets deliver efficient outcomes.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Interventions
Students will identify inefficiencies that arise with market imperfections and analyze the effect of government interventions.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Institutions
Students will interpret economic statistics and write effectively about economic terms and institutions, practicing to participate thoughtfully in civic discourse.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Economic analysis
Students will practice positive analysis of models (stating assumptions, deriving logical implications, and confronting those with evidence) to reason objectively about public policy, preparing for lifelong service and civic engagement.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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Spiritual applications
Students will explore spiritual insights from economic reasoning while also identifying contrasts between self-interested behavior and Christ-centered discipleship.
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Strengthened Testimony of Jesus Christ and His Restored Gospel
Mastery of the Principles and Tools of Business and Accounting
Character Driven by Integrity, Respect, and Resilience
Commitment to Lifelong Learning and Service
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