Evaluation is by quizzes and tests. 12 Micro-Economics will seek to give students an understanding of the American Free Enterprise system. This will include being able to utilize the sources of information available to make better consumer decisions, to understand the factors that determine prices and the role of money in our economy, to relate personal economic decision making to the total economy, to understand the importance of budgeting and realize the importance of the wise use of credit and insurance and finally, to understand the relationship between business and government and the consumer and government. The purpose of Micro-Economics is to present suggested buying practices and consumer behavior in the context of how individual spending decisions affect and are affected by the total economy. Emphasis is given to the consumer activities of spending, borrowing, saving, investing, and paying taxes.
Special emphasis is placed on the student's personal and family experience.
Students are expected to take an active part in discussions, solving of problems, and taking notes during lectures. They will prepare personal budgets, construct comparison charts for comparing various plans for life insurance, analyze advertisements, conduct surveys to establish buying habits, make price comparisons, and complete a unit on income tax preparation.