1. Final Exam Review
Honors Economics

2. Circular Flow Model

3. Basic Principles of Economics
What is economics?
What is opportunity cost?
What is the difference between needs and wants?

4. Microeconomics v. Macroeconomics

5. Production Possibilities Curves

6. Market Failure

7. Inferior vs. Normal Goods

8. Supply, Demand, and Equilibrium

9. Complements and Supplements

10. Price Ceilings and Floors

11. Macroeconomic Indicators
GDP
Inflation
Unemployment

12. Business Cycle

13. Laffer Curve

14. Federal Reserve System

15. Fiscal v. Monetary Policy

16. Credit Scores

17. Credit Cards