A survey of basic concepts and principles in micro- and macroeconomics and how the economy has been affected by technology. The aim is to define and explain the key terms and concepts in economics and determine how technology has affected consumers, producers, and markets, as well as economic growth and policy. Topics include how innovation affects labor markets, the value of information, and the role of technological change in the economy.

Students who are interested in Economics. No prerequisite courses are required, but students need to go through a competitive admissions process.

Grade 11 & Grade 12

This course is a survey of basic concepts and principles in micro and macroeconomics and how the economy has been affected by technology. By the completion of this course you will be able to apply the key terms and concepts in economics by analyzing articles on technological developments that affect the economy and think critically about technology and the economy by creating, presenting and discussing advocacy positions on current economic issues. This course will focus on contemporary issues in how innovation affects changes in the economy. Concepts learned in this course can be applied to make better personal and professional economic decisions and to better navigate the economic environment in which we live.

After completing this course, you should be able to:

• define and explain the key terms and concepts in macro and micro economics in order to recognize the impact of technology on the economy and your life

• recognize and debate how technology has changed relationships between consumers and producers; and how technology influences market structure and competition in order to make better decisions from business, employment or consumer perspectives

• recognize and debate how technology affects output growth, employment, price level, trade and policy in order to think critically about and explain the economic environment in which we live

The course is taught by qualified professors from the University of Maryland's global campus. During the course, St. Mary's Online Academy teachers will provide additional guidance and office hours to ensure students achieve the best learning results.

This course consists of the following graded items:
Graded Discussions (4) 3% each: 12%
Quizzes (2 at 7% each plus 1 practice quiz at 2%): 16%
Midterm exam: 22%
Short Paper/Project: 25%
Final exam: 25%