Subject: NGA Elective

Economics: Work and Prosperity

The Economics: Work and Prosperity course at Northgate Academy delves into the vital decisions societies face about the production, distribution, and consumption of goods, presenting a comprehensive understanding of economic principles.

Course Type: Standard High School

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Credits: 1.0

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Course Description

Study the choices that societies make regarding the production, distribution, and consumption of goods with Economics: Work and Prosperity. This course explains the economic principles of production, supply and demand, competition, inflation, and saving. Show the link between economic freedom and political and individual freedom by encouraging free-enterprise capitalism and moral responsibility with money. With questions to consider, chapter reviews, bold terms, and a glossary, students are given principles that will help them make informed money-management decisions.

Textbook: Economics: Work and Prosperity (A Beka – Code 202193)

Course Objectives

Understand the connections and applications between economic principles and moral responsibility with money in everyday life.

Show understanding of material through written assignments, quizzes, and final exam.

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Course Contents

Modules
Everybody’s Economics
Economists & Economic Laws
The Factors of Production
The Laws of Supply & Demand
The Productive Market Economy
The Good that Competition
Efficiency of Production
Why Everybody Needs to Save
What Money is Good For
Government & the Economy
Market Economy
Command Economy
A Look at the Global Economy
View of Our Economic Future

Recommended Prerequisites

Carnegie Credits Explained: Our Approach vs. Trimester Credits

Carnegie Credit System
Northgate Academy follows the Carnegie Credit system, a widely recognized method of measuring student progress based on instructional hours. A single Carnegie credit reflects approximately 120 hours of coursework, typically completed over a full academic year.

Carnegie Credit vs. Trimester Credit
While Carnegie credits are awarded based on total hours over a year, trimester credits divide the school year into three terms. In a trimester system, students complete courses in shorter, intensive sessions, often earning partial credits (e.g., 0.33 or 0.5 per term). In contrast, Northgate’s use of Carnegie credits ensures students have ample time to engage deeply with the material and develop a well-rounded understanding at a consistent pace.