12th Grade Economics Course
This course must be viewed on a desktop, laptop, or tablet.
Testimonies from Teachers and Students throughout the World
Week 1
Standard 1: Core Economic Concepts
• Concept 1.1 Terms and Definitions within Economics
• Concept 1.2 Introduction to Marginal Analysis
• Concept 1.3 The Production Possibilities Curve, Part I
Week 1 link
Week 2
Standard 2: The Production Possibilies Curve, Parts II and III
• Concept 2.1 PPC -- Absolute and Comparative Advantage
• Concept 2.2 PPC -- Points and Shifts on the PCC Graph
Week 2 link
Week 4
Standard 4: Consumer Choice and the Laws of Supply and Demand
• Concept 4.1 Simultaneous Shifts in Supply and Demand
• Concept 4.2 Producer Surplus, Consumer Surplus, and Deadweight Loss
• Concept 4.3 Calculating Areas on a Graph
• Concept 4.4 Elasticity of Demand and Elasticity of Supply
Week 4 link
Week 5
Standards 5 and 6: Government Interaction in the Market & Financial Literacy
• Concept 5.1 Price Ceiling
• Concept 5.2 Price Floor
Standard 6: Financial Literacy
• Concept 6.1 Personal Budgeting
• Concept 6.2 Compound Interest and the Rule of 72
• Concept 6.3 Income vs. Wealth
Week 5 link
Week 6
Standard 6: Financial Literacy for a High School Student
• Concept 6.4 Purchasing a Car
• Concept 6.5 Purchasing Insurance
• Concept 6.6 Filling Out a 1040 Tax Form
• Concept 6.7 Budgeting for College
Week 6 link
Week 7
Standard 7: Financial Literacy for High School and Beyond
• Concept 7.1 Financial Investments
• Concept 7.2 Stocks
• Concept 7.3 Bonds
• Concept 7.4 Establishing Credit
• Concept 7.5 Purchasing a Home
Week 7 link
Week 9
Standard 9: Market Failures, Externalities, and Income Equality
• Concept 8.1 Market Failures
• Concept 8.2 Externalities (Negative and Positive)
• Concept 8.3 Income Equality vs. Income Inequality
Week 9 link
Week 10
Standard 10: Circular Flow and Macroeconomics Indicators
• Concept 10.1 Circular Flow
• Concept 10.2 Business Cycle
• Concept 10.3 Real Gross Domestic Product (RGDP)
• Concept 10.4 Full Employment and Unemployment
• Concept 10.5 Price Stability, Inflation, Disinflation, and Deflation
Week 10 link
Week 12
Standard 12: Cost of Doing Business
• Concept 12.1 Fiscal Policy (Federal Budget, Debt, and Deficit)
• Concept 12.2 Fiscal Policy (Taxes and Government Spending)
• Concept 12.3 Fiscal Policy (Closing Recessionary Gaps and Inflationary Gaps)
• Concept 12.4 Expenditure or Spending Multiplier
Week 12 link
Week 13
Standard 13: Money and the Federal Reserve System
• Concept 14.1 Monetary Policy -- Limited Reserves to Ample Reserves Framework
• Concept 14.2 Monetary Policy -- Ample Reserves Framework
• Concept 14.3 Monetary Policy -- Short-term and Long-term Interest Rates
• Concept 14.4 Monetary Policy -- FOMC and Board of Governors Meetings
• Concept 14.5 Monetary Policy -- Ample Reserves and ASAD graphs
Week 13 link
Week 14
Standard 14: Money and Monetary Policy
• Concept 14.1 Monetary Policy -- Limited Reserves to Ample Reserves Framework
• Concept 14.2 Monetary Policy -- Ample Reserves Framework
• Concept 14.3 Monetary Policy -- Short-term and Long-term Interest Rates
• Concept 14.4 Monetary Policy -- FOMC and Board of Governors Meetings
• Concept 14.5 Monetary Policy -- Ample Reserves and ASAD graphs
Week 14 link
Week 15
Standard 15: International Trade and Stabilization Policies
• Concept 15.1 Review Monetary Policy
• Concept 15.2 Loanable Funds Market
• Concept 15.3 Stabilization Policies
Week 15 link
Week 16
Standard 16: Tariffs, Quotas, and International Trade
• Concept 16.1 International Trade -- Tariffs and Quotas
• Concept 16.2 International Trade -- Balance of Trade
• Concept 16.3 International Trade -- Balance of Payments
• Concept 16.4 International Trade -- Exchange Rates
• Concept 16.5 International Trade -- Change in the Value of Currency
Week 16 link
Week 17
Standard 17: Wrap Up, Current Events, Community Service Project, and Other Items
Week 17 Opening Date is August 1, 2026
• Concept 17.1 Wrap Up on Standards 16 & 17
• Concept 17.2 Current Events
• Concept 17.3 Community Service Project
• Concept 17.4 Other Economics Items
Week 17 link (opening on September 15, 2026)
Week 18
Standard 18: Exam Week Review
Week 18 Opening Date is August 15, 2026
• Concept 18.1 Review Core Economic Concepts
• Concept 18.2 Review Microeconomics
• Concept 18.3 Review Financial Literacy
• Concept 18.4 Review Macroeconomics
• Concept 18.6 Review International Sector
• FINAL EXAM
Week 18 link (opening on September 15, 2026)