This one-semester course will go beyond basic economics, covering contemporary news and building context to better equip students with meaningful knowledge that can easily be applied to everyday living, both now and in the future. Studying economics empowers students to navigate the economy, understand national and global events, and become informed voters. All students will benefit from materials that develop their financial understanding and critical thinking skills, all of which will be filtered through a robust Biblical Worldview.
Key concepts include:
- Economic Theory and Financial Literacy: banking, investing, budgets, real capital, types of debt, supply and demand
- Monetary Policy: The Federal Reserve, interest rates, savings, forms of money—fiat and hard currencies
- Transformational Technologies: Bitcoin and blockchain, AI, Robotics, digital assets
- Entrepreneurship: business forms, marketing, value added, service, profit and loss, working capital and finance
- Analyzing Financial Goals: risk verses reward, primary and secondary impact of decision making, understanding asset classes, short- and long-term investments
The course material is from a biblical perspective. This course dovetails nicely with Personal Finance and Civics and Government. The goal is to inspire and equip students for the realistic process of pursuing excellence in their financial lives. This includes the development of maturity, discipline, and wisdom preparing students to process and adapt to the rapidly changing economic landscape they will undoubtedly face in the years ahead.
Instructor: Forrest Hobbs