This unit is divided
into two major themes: International
economics and personal finance.
International economics focuses on trade among
individuals, businesses, and governments as well as the changing international relationships in an
interdependent global economy. International trade allows for increased
production and consumption because it allows individuals, businesses and governments to
specialize in what they can produce at the lowest opportunity cost and then
trade. Student understanding of international trade will focus on free trade
agreements, trade barriers, and exchange rates. The personal finance aspects of
this unit will address personal financial decision-making. As consumers,
individuals are faced with a vast array of personal economic decisions
including how to select financial institutions, how to manage money, credit,
choosing a career, and risk-management awareness. Financially literate citizens make wise
economic choices. Personal finance lessons will help students understand how banks and financial
institutions serve as links between savers and investors, the impact of credit,
how insurance and risk management can help protect one against financial loss. By the end of this unit, students will be
able to understand the impact of the global market place as well as ways to
grow and protect their wealth. |
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