Economics is a comprehensive survey of the ways in which human decisions impact the world every day. Microeconomic concepts including supply and demand, business transactions, the fundamentals of work, and others offer students a glimpse into the effect of personal economic decisions upon the world. Macroeconomic concepts such as the fiscal policy of governments, trade, natural resource use, and other big picture topics offer a more broad view of the world’s economic systems. In its entirety, this course illuminates the ways in which people from around the world are connected to one another and their natural surroundings every day.
Currency [Mastery Project]
WHY DOES CURRENCY HAVE VALUE?
If you did not know it before this project, you do now: You can create your own currency! The cryptocurrency craze has democratized the creation of currency. Of course, there are principles to abide by and systems that must function without error. Your opportunity is to create a new currency that you would like to share with the world. You can stick with the many traditional examples of government-backed currency or you can propose a digital or commodity currency; you could even create a totally unique type of currency for concepts such as joy, love, or compassion. Your project should take the form of a blog post or newsletter created to inform the public about a new currency that is about to hit the marketplace.
Tax Plan [Mastery Project]
HOW DO TAXES REPRESENT THE RELATIONSHIP BETWEEN CITIZENS AND GOVERNMENT?
You have just been elected to represent your district in the US House of Representatives. Your constituents have strong feelings about taxes, and you hope to contribute to the creation of a tax plan that benefits the communities you represent. You will post this plan publicly for 30 days so that your constituents have time to respond with questions and comments.