Unit 3 | The Government and the Economy

This module introduces the components of the federal budget, including government revenue and spending, and explores the impact of fiscal policy on the economy.

This module introduces the phases of the business cycle and the role of Gross Domestic Product (GDP) as a key indicator of economic performance.

This module introduces the structure of the labor market, types of unemployment, and how employment levels reflect broader economic conditions.

This module introduces the concepts of inflation and deflation, examining their causes, effects of purchasing power, and implications for economic stability.