GENESEE ACADEMY SOCIAL SCIENCE

ECONOMICS
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SYLLABUS (click here)

 
 
 
LESSONS

 
 
LESSON ONE
 
 
LESSON TWO
VOCAB ONE:
ability-to-pay principle of taxation  (to)  bond
 
 
LESSON THREE
VOCAB TWO:
budget constrant  (to)  competition
 
 
LESSON FOUR
VOCAB THREE:
complementary products  (to)  currency
 
 
LESSON FIVE
VOCAB FOUR:
cyclical unemployment  (to)  diminishing marginal product
 
 
LESSON SIX
VOCAB FIVE:
diminishing marginal utility  (to)  entrepreneurs
 
 
LESSON SEVEN
VOCAB SIX:
entrepreneurship  (to)  external debt
 
 
LESSON EIGHT
VOCAB SEVEN:
Federal Advisory Council  (to) free rider
 
 
LESSON NINE
VOCAB EIGHT:
frictional unemployment  (to)  inflation
 
 
LESSON TEN
VOCAB NINE:
inflationary bias in fiscal policy (to)  limited liability
 
 
LESSON ELEVEN
VOCAB TEN:
limited resources  (to)  market economy
 
 
LESSON TWELVE
VOCAB ELEVEN:
market organization  (to)  natural resources
 
 
LESSON THIRTEEN
VOCAB TWELVE:
negative externality  (to)  personal distribution of income
 
 
LESSON FOURTEEN
VOCAB THIRTEEN:
personal income tax (to)  product differentiation
 
 
LESSON FIFTEEN
VOCAB FOURTEEN:
production possibilities curve  (to)  real GDP
 
 
LESSON SIXTEEN
VOCAB FIFTEEN:
real GDP per person  (to)  short run
 
 
LESSON SEVENTEEN
VOCAB SIXTEEN:
social benefits  (to)  supply of labor
 
 
LESSON EIGHTEEN
VOCAB SEVENTEEN:
supply schedule  (to)  union shop

 
 
 
 
"We hold these truths to be self-evident, that all men are created equal,..." Declaration of Independence, 1776