SSS1 ECONOMICS

The objectives of this Economics lesson are designed to provide students with a comprehensive understanding of fundamental economic concepts and their applications. By the end of the course, students will be equipped with the knowledge and skills to analyze economic systems, evaluate market behaviors, and understand the role of economic institutions in shaping society. The specific objectives include:

1. To understand the foundational principles of Economics, including scarcity, choice, and opportunity cost.
2. To explore and compare different economic systems, such as capitalism, socialism, and mixed economies.
3. To learn how markets function through the laws of demand and supply.
4. To analyze factors that influence production, costs, and revenue.
5. To apply economic theories and concepts to real-world situations.
6. To critically evaluate economic issues and their impact on society.
7. To understand the role of government and financial institutions in the economy.
8. To develop the ability to interpret and present economic data using various methods.
9. To foster informed decision-making and participation in economic discussions.