Is the study of economics in your four-year high school plan? It should be! Our families, our businesses and our world run on economic principles. Or maybe I should say they run well (or don’t run well) depending on how we handle economic principles. Understanding basic economics is so important that every high school student should receive at least 1/2 credit instruction – if not
Lunch Money By Andrew Clements Economics Book SS5E1 The student will use the basic economic concepts of trade, opportunity cost, specialization, voluntary exchange, productivity, and price incentives to illustrate historical events. d. Explain how voluntary exchange helps both buyers and sellers (such as how specialization leads to the need to exchange to get wants and needs). e. Describe how trade promotes economic activity (such as how the Panama Canal increases trade between countries).