Year 7
Introduction to economics โ scarcity, wants, markets, and money.
๐ฐ Microeconomics
Scarcity and Choice
Why we can't have everything โ the central economic problem.
Needs, Wants & Opportunity Cost
The difference between needs and wants, and the cost of every choice.
Introduction to Demand
What demand means, the law of demand, and demand curves.
Introduction to Supply
What supply means, the law of supply, and supply curves.
How Markets Work
Buyers and sellers interact to set prices and quantities.