Difference between revisions of "AY Honors/Basic Economics/Requirements"

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==Requirements==  
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<section begin=Body />
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{{reqreq|page={{PAGENAME}}|num=1}}
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<b>1. <section begin=req1 /><noinclude><translate><!--T:1-->
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{{reqsubreq|page={{PAGENAME}}|num=2a}}
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</noinclude>What is economics and how does it directly affect our lives?
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{{reqsubreq|page={{PAGENAME}}|num=2b}}
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<noinclude></translate></noinclude><section end=req1 /></b>
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{{reqreq|page={{PAGENAME}}|num=3}}
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{{reqsubreq|page={{PAGENAME}}|num=3a}}
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<b>2. <section begin=req2 /><noinclude><translate><!--T:2-->
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{{reqsubreq|page={{PAGENAME}}|num=3b}}
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</noinclude>Define:
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{{reqsubreq|page={{PAGENAME}}|num=3c}}
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<noinclude></translate></noinclude><section end=req2 /></b>
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{{reqsubreq|page={{PAGENAME}}|num=3d}}
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{{reqsubreq|page={{PAGENAME}}|num=3e}}
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:<b>a. <section begin=req2a /><noinclude><translate><!--T:3-->
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{{reqsubreq|page={{PAGENAME}}|num=3f}}
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</noinclude>Macroeconomics
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{{reqsubreq|page={{PAGENAME}}|num=3g}}
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<noinclude></translate></noinclude><section end=req2a /></b>
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{{reqsubreq|page={{PAGENAME}}|num=3h}}
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{{reqsubreq|page={{PAGENAME}}|num=3i}}
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:<b>b. <section begin=req2b /><noinclude><translate><!--T:4-->
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{{reqreq|page={{PAGENAME}}|num=4}}
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</noinclude>Microeconomics
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{{reqreq|page={{PAGENAME}}|num=5}}
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<noinclude></translate></noinclude><section end=req2b /></b>
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{{reqsubreq|page={{PAGENAME}}|num=5a}}
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{{reqsubreq|page={{PAGENAME}}|num=5b}}
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<b>3. <section begin=req3 /><noinclude><translate><!--T:5-->
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{{reqsubreq|page={{PAGENAME}}|num=5c}}
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</noinclude>Define the following economy measures and know the most recent data for your country:
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{{reqsubreq|page={{PAGENAME}}|num=5d}}
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<noinclude></translate></noinclude><section end=req3 /></b>
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{{reqreq|page={{PAGENAME}}|num=6}}
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{{reqreq|page={{PAGENAME}}|num=7}}
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:<b>a. <section begin=req3a /><noinclude><translate><!--T:6-->
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{{reqreq|page={{PAGENAME}}|num=8}}
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</noinclude>Exchange rate
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{{reqreq|page={{PAGENAME}}|num=9}}
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<noinclude></translate></noinclude><section end=req3a /></b>
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{{reqreq|page={{PAGENAME}}|num=10}}
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{{reqreq|page={{PAGENAME}}|num=11}}
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:<b>b. <section begin=req3b /><noinclude><translate><!--T:7-->
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{{reqsubreq|page={{PAGENAME}}|num=11a}}
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</noinclude>Gross domestic product
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{{reqsubreq|page={{PAGENAME}}|num=11b}}
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<noinclude></translate></noinclude><section end=req3b /></b>
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[[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|3}}]]
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<noinclude></translate></noinclude>
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:<b>c. <section begin=req3c /><noinclude><translate><!--T:8-->
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</noinclude>Median income
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<noinclude></translate></noinclude><section end=req3c /></b>
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:<b>d. <section begin=req3d /><noinclude><translate><!--T:9-->
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</noinclude>Gross national product
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<noinclude></translate></noinclude><section end=req3d /></b>
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:<b>e. <section begin=req3e /><noinclude><translate><!--T:10-->
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</noinclude>Interest rate
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<noinclude></translate></noinclude><section end=req3e /></b>
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:<b>f. <section begin=req3f /><noinclude><translate><!--T:11-->
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</noinclude>External debt
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<noinclude></translate></noinclude><section end=req3f /></b>
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:<b>g. <section begin=req3g /><noinclude><translate><!--T:12-->
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</noinclude>Inflation rate
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<noinclude></translate></noinclude><section end=req3g /></b>
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:<b>h. <section begin=req3h /><noinclude><translate><!--T:13-->
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</noinclude>Unemployment
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<noinclude></translate></noinclude><section end=req3h /></b>
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:<b>i. <section begin=req3i /><noinclude><translate><!--T:14-->
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</noinclude>Balance of trade
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<noinclude></translate></noinclude><section end=req3i /></b>
 +
 
 +
<b>4. <section begin=req4 /><noinclude><translate><!--T:15-->
 +
</noinclude>Know the history of world economy and which economic model is adopted by your country.
 +
<noinclude></translate></noinclude><section end=req4 /></b>
 +
 
 +
<b>5. <section begin=req5 /><noinclude><translate><!--T:16-->
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</noinclude>Know the following economic theories:
 +
<noinclude></translate></noinclude><section end=req5 /></b>
 +
 
 +
:<b>a. <section begin=req5a /><noinclude><translate><!--T:17-->
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</noinclude>Classical economics
 +
<noinclude></translate></noinclude><section end=req5a /></b>
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 +
:<b>b. <section begin=req5b /><noinclude><translate><!--T:18-->
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</noinclude>Marxian economics
 +
<noinclude></translate></noinclude><section end=req5b /></b>
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 +
:<b>c. <section begin=req5c /><noinclude><translate><!--T:19-->
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</noinclude>Neoclassical economics
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<noinclude></translate></noinclude><section end=req5c /></b>
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 +
:<b>d. <section begin=req5d /><noinclude><translate><!--T:20-->
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</noinclude>Keynesian economics
 +
<noinclude></translate></noinclude><section end=req5d /></b>
 +
 
 +
<b>6. <section begin=req6 /><noinclude><translate><!--T:21-->
 +
</noinclude>Know the economic cycles facing your country.
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<noinclude></translate></noinclude><section end=req6 /></b>
 +
 
 +
<b>7. <section begin=req7 /><noinclude><translate><!--T:22-->
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</noinclude>Describe the direct relationship between economics and politics.
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<noinclude></translate></noinclude><section end=req7 /></b>
 +
 
 +
<b>8. <section begin=req8 /><noinclude><translate><!--T:23-->
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</noinclude>Know how your country's economy is structured.
 +
<noinclude></translate></noinclude><section end=req8 /></b>
 +
 
 +
<b>9. <section begin=req9 /><noinclude><translate><!--T:24-->
 +
</noinclude>Know how the economy of a country can affect the delay or progress of the preaching of the gospel.
 +
<noinclude></translate></noinclude><section end=req9 /></b>
 +
 
 +
<b>10. <section begin=req10 /><noinclude><translate><!--T:25-->
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</noinclude>Describe at least three biblical records of economic activities.
 +
<noinclude></translate></noinclude><section end=req10 /></b>
 +
 
 +
<section begin=challenge />
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<b>11. <section begin=req11 /><noinclude><translate><!--T:26-->
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</noinclude>Complete one of the following activities:
 +
<noinclude></translate></noinclude><section end=req11 /></b>
 +
 
 +
:<b>a. <section begin=req11a /><noinclude><translate><!--T:27-->
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</noinclude>Visit a stock exchange and know how it works.
 +
<noinclude></translate></noinclude><section end=req11a /></b>
 +
 
 +
:<b>b. <section begin=req11b /><noinclude><translate><!--T:28-->
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</noinclude>Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.
 +
<noinclude></translate></noinclude><section end=req11b /></b>
 +
<section end=challenge />
 +
<section end=Body />

Latest revision as of 18:37, 20 July 2022

Other languages:
English • ‎español • ‎português do Brasil
Basic Economics

Skill Level

2

Year

2012

Version

26.06.2024

Approval authority

South American Division

Basic Economy AY Honor.png
Basic Economics
Vocational
Skill Level
123
Approval authority
South American Division
Year of Introduction
2012



1. What is economics and how does it directly affect our lives?

2. Define:

a. Macroeconomics

b. Microeconomics

3. Define the following economy measures and know the most recent data for your country:

a. Exchange rate

b. Gross domestic product

c. Median income

d. Gross national product

e. Interest rate

f. External debt

g. Inflation rate

h. Unemployment

i. Balance of trade

4. Know the history of world economy and which economic model is adopted by your country.

5. Know the following economic theories:

a. Classical economics

b. Marxian economics

c. Neoclassical economics

d. Keynesian economics

6. Know the economic cycles facing your country.

7. Describe the direct relationship between economics and politics.

8. Know how your country's economy is structured.

9. Know how the economy of a country can affect the delay or progress of the preaching of the gospel.

10. Describe at least three biblical records of economic activities.


11. Complete one of the following activities:

a. Visit a stock exchange and know how it works.

b. Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.


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