High School Economics
One High School Credit is equal to approximately 135-150 hours of study. As scheduled, the Units in this
course take the following amount of time to complete:
Economics Unit 1 – 18-24 hours
Uncle Eric Talks About Personal, Career & Financial Security (PCF)
Bluestocking Guide: Building a Personal Model for Success (Guide)
Economics Unit 2 – 30-40 Hours
Whatever Happened to Penny Candy
Bluestocking Guide: Economics (Study Guide)
Economics: A Free Market Reader
Economics Unit 3 – 12-15 Hours
The Money Mystery: The Hidden Force Affecting Your Career, Business and Investments
Bluestocking Guide: Solving the Money Mystery
Economics Unit 4 – 25-30 Hours
The Clipper Ship Strategy: For Success in Your Career, Business and Investments.
Bluestocking Guide: Applying the Clipper Ship Strategy
Total for All four Units: 85-109 Hours
To make this course equal to one high school credit, the following activities may be added:
Watch any of the movies suggested by Uncle Eric in the Study Guides.
Harry’s War (PG)
You Can’t Take It With You (1938)
Mr. Deed’s Goes to Town (1936)
KIDCO (1984) (PG)
Baby Boom starring Diane Keaton
Complete the research and discussion/essay assignments in the study guides.
Complete one of the Final Projects suggested by Uncle Eric in the Study Guide to Penny Candy.
Read any of the books listed in “For Further Reading in the Study Guide to Penny Candy.
Watch any of the movies listed in “Films and Documentaries with Good Economic History” listed in
the Study Guide to Penny Candy.
Have your student track any stock for two months and chart the price.
Watch political debates. Discuss policies proposed by candidates and how they affect the economy.
Complete Dave Ramsey’s Financial Peace University course for adults or teens.
Read How to Lie with Statistics by Darrell Huff.
Read Capitalism for Kids by Karl Hess.
Visit the Bureau of Engraving and learn about how money is made.
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Economics – Unit 1
Personal, Career & Financial Security
Texts:
Uncle Eric Talks About Personal, Career & Financial Security (PCF)
Bluestocking Guide: Building a Personal Model for Success (Guide)
Optional - Whatever Happened to Penny Candy?
Note: Items in italics are optional. They should be completed if the student plans to read Whatever
Happened to Penny Candy? and the accompanying study guide, Economics, immediately after completing
this unit.
1) In the Study Guide, read pages 4-5. Take note of the instructions for Comprehension Exercises,
Define, True/False, and Short Answer.
In Uncle Eric Talks About Personal, Career & Financial Security, read pages 6-13
In Study Guide, complete pages 7-8. #1-12.
PCF – Read pages 18-19
Guide – Page 8 #1, Think About items 2-6
Study Guide Economics – Read pages 12-15 Economics for Boys and Girls
1. Summarize these simple “rules”.
2. How do they apply to adult life?
2) Pages 20-32 in PCF.
Read Chapter 1 of PCF.
Guide – Answer questions on page 10
Read Chapter 2
Guide – Answer questions on page 10
Read Chapter 3
Guide – Answer questions 1-11 on page 11. Think about 10-15
3) Pages 33-45.
Read Chapter 4
Guide – pages 13-14 #1-14
Read Chapter 5
Guide – page 14
Read Chapter 6
Guide – page 14 #1-3, think about #4-6
Study Guide Economics – Read page 15 Letter to His Stepbrother
1. Did Lincoln care about his stepbrother?
2. If so, how did he show it?
4) Pages 46-59.
Read Chapters 7 & 8
Guide – Page 16
Read Chapter 9
Guide – page 16
Read Chapter 10
Guide - page 16
Study Guide Economics – Read pages 16-19 The Wondrous Toy Store
1. Why is economics important?
2. Who is an entrepreneur?
3. What does an entrepreneur do?
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5) Pages 60-74
Read Chapter 11
Guide page 17 #1-9
Read Chapter 12
Guide – page 17 # 1-5 Think About 6
Read Chapter 13
Guide – Page 18
Read Chapter 14
Guide – page 18
Study Guide Economics – Read pages 20-23 I, Pencil
Study Guide Economics - Read pages 24-25 Letter To His Grandson
1. How does the profit of one benefit all?
6) Pages 75-85.
Read Chapter 15
Guide – page 19
Read Chapter 16
Guide – page 19-20 #1-4 Think About 5-9
Read Chapter 17
Guide – page 21 #1-9
Study Guide Economics – Read pages 26-27 The Cow in the Apartment
7) Pages 87-99.
Read Chapter 18
Guide – page 22 #1-5 Think About 6-13
Read Chapter 19
Guide – page 23
Read Chapter 20
Guide – page 23-24 #1-7 Think About 8-9
Read Chapter 21
Guide – page 24
8) Pages 100-128.
Read Chapter 22
Guide – Page 24-25
Study Guide Economics – Read pages 28-31 Start at the Beginning
1. What two economic assumptions does the author find most adults have?
2. According to LeFevre, what is economics? Why does he say we should study economics?
3. What is profit?
4. What are plus factors?
5. Explain what LeFevre meant when he wrote, “Man lives in a world of limited resources”.
6. Are resources evenly distributed? Are people? Are talents?
7. What is property?
8. Why is decision making by owners preferable?
9) Pages 129-144.
Read Chapter 23
Guide – page 25-26 #1-5
Read Chapter 24
Guide – page 26 #1-3
Read Chapter 25
Guide – page 26-27
Study Guide Economics – Read pages 32-33 Why Pay for Things!
1. What choices are there for deciding who gets what?
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10) Pages 145-160.
Read Chapter 26
Guide – page 27
Read Chapter 27
Guide – page 27
Read Chapter 28
Guide – page 28
Read Chapter 29
Guide – 28
Read Chapter 30
Guide – page 28
Read Chapter 31
Guide – page 29
Study Guide Economics – Read pages 34-36 Ownership Responsibility and the Child
1. What is microeconomics?
2. What is a statist?
3. What is the author’s main point?
11) Pages 161-168.
Read Chapter 31
Guide – page 29
Study Guide Economics – Read pages 37-38 Free Market: Elementary, My Child
1. Complete the exercise on page 30
12) Final
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