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Thinking Like An Economist

This course focuses on understanding Economics. Economics is the science of scarcity and realizing scarcity is unlimited wants with limited resources. Seeing how we are unable to have everything we desire, we must make choices on how we will use our resources. Economics is the study of how individuals and societies deal with scarcity.


Goals of the Course: The main goal of this course is to help students with understanding the fundamentals of how economists think which in turn leads to making better choices in your own economic decisions. Because economics influences the lives of everyone on Earth.

Prerequisite- Pre-AP Geography, Pre-AP World History, Pre- AP or AP U.S. History

Resources: Economics, McGraw Hill Education, 2016, Gary E. Clayton

Supplemental Resources: Workbook, videos and projects


Required Materials:

  • Composition book

  • Red pen

  • Color pencils

  • Pens (black or blue)

  • Stick glue

  • Scissors

  • Posters board (for projects)


Classroom Policies and Rules:

Attendance: I need you here! And I need you on time! Absence due to an E-Day: If you know that you are going to be gone please pick up your assignment before you leave. Make up Work: It will be your responsibility to come to me for any missed assignments. Whether excused or unexcused. We will work together to get you caught up.

Academic Expectations: Students enrolled in Economics at Paris High School are expected to follow the class rules, to complete assigned class work on time and to complete each major test with at least a grade of 70.

Academic Dishonesty:  Academic Dishonesty will NOT be tolerated in this class. Any form of cheating on tests, plagiarizing, or any other academic dishonesty will automatically earn you a zero (0) for the assignment. NO EXCEPTIONS

Honor Code: Please obey the PHS Academic Honor Policy at all times!

Grades: The student’s grade will be based on completion of assignments (homework, class work) journal writing, projects, quizzes and tests. Participation in small group, one to one and culture will be evaluated.

Behavior: Courteous and responsible behavior is to be observed at all times. Students must show respect for teacher, peers, and classroom property. It is school policy that NO food or drink is allowed in the classroom unless it is a part of a class activity and approved by Mr. Vaughn.