Random Fact

The United States poverty rate in 2012 was 15%. It was 12.5% in 2007. In 1959, it was 22.4% (http://www.census.gov/hhes/www/poverty/about/overview/index.html).

Unit 1: Fundamental Concepts

Introduction
Section 1: Economics
Section 2: The Production Possibilities Curve
Section 3: Economic Growth
Section 4: The Circular Flow
Section 5: Economic Systems
Section 6: Important Concepts and Definitions
Section 7: Economics and Critical Thinking
Test Your Knowledge!