1. Economic Eecision Making
1.1. Benefits and costs of individual choices
1.2. Consequences of various financial decsisions
1.3. Personal economic decisions effect the lives of people in the world
1.3.1. How has this changed over time in history?
1.3.1.1. What to buy?
1.3.1.1.1. Different trends
1.3.1.1.2. Living with a different socioeconomic status
1.3.1.1.3. Amount of Income
1.3.1.2. What to Recycle?
1.3.1.3. How much to contribute to people in need?
2. Exchange and Markets
2.1. Various Resources that produce goods and services.
2.1.1. Human Capital
2.1.1.1. Is the skills, knowledge, and experience taken over by an individual or group, and is viewed in terms of their value or cost to an organization or country.
2.1.2. Physical Capital
2.1.2.1. Tangible assets that are made by humans and are then used in production.
2.1.3. Natural Resources
2.1.3.1. materials or substances such as minerals, forests, water, etc. that occur in nature and can be used for economic gain.
2.2. Virtual Field Trip
2.2.1. How Cotton is Made
2.2.1.1. https://www.youtube.com/watch?v=VgzRmQhud18
2.2.1.2. https://www.youtube.com/watch?v=i5kkO3oeseg
3. National Economy
3.1. People can increase productivity by using improved capital goods and human capital.
3.2. Government pays for the goods and services it provides.
4. The Global Economy
4.1. Trade leads to increasing economic interdependence among different nations.
4.2. The impact of global economic events to personal financial planning.
4.2.1. Examples:
4.2.1.1. Oil and gas prices.