Economics Elephant Emporium
out. Well, maybe not. Better be careful what you spend. Learn
about making consumer choices and about the various economic
systems and institutions.
Learn the options and resources that are available for consumer
Learn the advantages and disadvantages of various kind of
credit (e.g., credit cards, bank loans, or financing with
no payment for six months.)
Learn about the variety of factors necessary to consider when
making wise consumer decisions.
SYSTEMS and INSTITUTIONS
Learn how production and distribution decisions are determined
in the United States economy and how these decisions compare
to those made in market, tradition-based, command, and mixed
Learn that relative prices and how they affect people's decisions
are the means by which a market system provides answers to
the three basic economic questions: What goods and services
will be produced? How will they be produced? Who will buy
Learn the various kinds of specialized institutions that exist
in market economies (e.g., corporations, labor unions, banks,
and the stock market).