Random Fact

Median income for households in the United States fell to $51,017 in 2012 from $51,100 in 2011. Asians had the highest household incomes ($68,600), followed by whites ($57,000), Hispanics, ($39,000), and African Americans (33,300) (www.census.gov).

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
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