Module 9: Economics

Maintaining a stable economy is a goal of every nation. In order to achieve this goal, the government must raise revenue, protect the marketplace and the labor force, and establish trading relationships with foreign nations. During this module, you will examine the role of government in the economies of Virginia and the United States. You will also examine the role of Virginia and the United States in the global economy.

Getting Started

This module will provide the opportunity to deepen your understanding of the role of government in the economies of Virginia and the United States. Consider everything you have already learned about economics. Make a list of the concepts that you associate with economics. As you are creating your list, try to provide at least five specific examples.

Key Vocabulary

To view the definitions for these key vocabulary terms, visit the course glossary.

 

command economy	mixed economy	trade deficit
contract	monetary policy	trade-off
fiscal policy	monopoly	traditional economy
free market economy	payroll tax
income tax	public goods