Calvert Economics examines the basic principles of economics, as well as the effect those principles have on every aspect of society. Students explore economics as a social science focusing on decision making by looking at cost-benefit analysis, scarcity, marginal costs and benefits, and the allocation of resources. Students also examine factors that influence the decision-making process and compare and contrast the efficiency of different market structures.
In addition, students study the roles of consumers, producers, and laborers in the economy, as well as how those roles and government regulations impact the economy. The course also reviews macroeconomics and the laws of supply and demand.