WHY STUDY ECONOMICS??? Is it really important … Or is there something much more valuable about understanding history? Or is it just another REQUIRED high school credit?

DID YOU KNOW… Economics is simply a social science that focuses on the choices people make.

Knowing about economics can help us understand WHY people make the choices they do People make choices based on their perceptions of what is best for them.  The tools of economic reasoning help us understand what shapes peoples’ perceptions of the alternatives they face. People’s choices among considered alternatives reflect their perceptions of the costs and benefits – to them – of the alternatives they face.

Economic reasoning is everywhere, appropriate, and always useful Ironically, although many of the primary issues in young people’s lives link directly to economics and economic reasoning, the economic perspective is often left out of the core K-12 curriculum.

Households Businesses Country Globe Knowing about economics can help us understand society at many different levels Households Businesses Country Globe

We can understand government better. Why are taxes necessary? How does the government arrive at its economic policies?

Why does the government sometimes regulate wages and prices?

Is government involvement a good thing?????

That’s right, understanding economics can help you understand your country!

Knowing economics can help us THINK responsibly about economic issues.

What is a ponzi scheme?????

How does the stock market work?

Knowing about economics helps us appreciate the scarcity of resources.

There is a difference between needs and wants.

We have to make trade-offs.

What is the next-best alternative to what we give up???

Knowing about economic principles teaches us to be smart about our personal finances.

How much should you be saving for college???

Where should you invest your money???

…Know your ECONOMICS!!!

when you study economics you begin to think differently when you study economics you begin to think differently! You begin to see patterns in how economic cycles work

Understanding how economics works will help you survive the inevitable times of despair.

That’s why taking this class is sooooo VERY important.

Like everything in life … YOU will determine your own …

UNDERSTANDING!!!!! So buckle down and study! Make a commitment to this class. Keep an open mind. Try your best. Ask questions.

THE END … FINALLY!!!!!!