What This Program Teaches:

Financial Literacy (50%)

Entrepreneurship (50%)

Work-Readiness (50%)

JA Economics reinforces concepts of micro- and macro-economics by having students explore the basic characteristics of the U.S. economic system and how economic principles influence business decisions.

The program also introduces students to career opportunities and consumer issues, and it helps reinforce important academic and leadership skills, including research and data analysis, problem solving and critical thinking.

JA Economics is a one-semester course and is recommended for students in grades 11 and 12. Instructional materials include textbooks and study guides. JA Company Program and JA Titan are supplementary programs.

All JA programs are designed to support the skills and competencies identified by the Partnership for 21st Century Skills. JA programs also correlate to state standards in social studies, English, and mathematics, and to Common Core State Standards.

Program Concepts: ℹ️ Program Skills: ℹ️

Program Sessions

Chapter One: What is Economics?
Economics is a social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants.

Chapter Two: Free Enterprise in the United States
A key content of this chapter is the pillars of free enterprise – private proerty, specialization, voluntary exchange, the price system, marketing competition, and entrepreneurship.

Chapter Three: Demand
In economics, demand is the various qualities of something consumers are willing and able to buy at many different prices at a particular time.

Chapter Four: Supply
Supply is the various quantities of a product that producers are willing

Chapter Five: Market-Clearing Price
A marketing-clearing price exists when te amount of a product that buyers want to buy at that price is the same amount that sellers want to sell at that price.

Chapter Six: Consumers, Savers, and Investors
People earn most of their income from jobs. They also earn some of it by putting their wealth to work. Over time, people increase their wealth by saving and investing. It pays for individuals to become familiar with the options available to investors and to shop for investments that offer the return, safety, and liquidity they desire.

Chapter Seven: The Business of Free Enterprise
Enterprising individuals who put their creative talent to work in both large and small companies drive innovation in the U.S. economy.

Chapter Eight: Financing a Business
Financial markets play an important role in a free enterprise economy by channeling money from savers to businesses, which use it to invest in new capital resources.

Chapter Nine: Production and Productivity
Production of goods and services is important because it determines people’s incomes and their consumption of goods and services.

Chapter Ten: The U.S. Labor Force
The U.S. labor force has changed over the years. Beginning in the late 19th century, the percentage of all workers in agriculture began to drop while the percentage of workers in goods-producing and service-producing industries rose. The percentage of workers in service-producing industries has continued to rise in recent years, while the percentage in manufacturing and other goods-producing industries has fallen.

Chapter Eleven: Competition Among Businesses
In a free enterprise economy, businesses compete by coordinating their efforts with one another to produce things that others value and are willing to pay for.

Chapter Twelve: Government and the United States Economy
People debate the proper role and size of government in our free-market economy. The federal government has assumed a referee role in the economy to establish and enforce private property rights and the law, deal with external costs and benefits, ensure market competition, and protect consumers. The federal government also has taken on the management tasks of stabilizing the economy, promoting economic security, and providing public goods and services.

Chapter Thirteen: Money and Financial Institutions
Money can be anything that is generally accepted as final payment for goods and services. Financial institutions such as commercial banks, savings and loan associations, and savings banks are essential to the smooth operation of the U.S. economic system.

Chapter Fourteen: Economic Stability
United States economic activity is monitored carefully by government officials, members of the business community, and economists. Statistical measurements—called economic indicators—are used to assess the economy’s health.

Chapter Fifteen: International Trade
Instead of each of us trying to produce everything we consume, we concentrate our work on tasks we do best. We specialize. Then we use our earnings to buy the goods and services we want. World trade takes place in the same way.

Chapter Sixteen: Our Globalized World
Our world is becoming more and more globalized. Globalization is the process of increasing interdependence among countries and their citizens.


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