Civics & Economicsby Matthew Caggia

Unit 8: Economic Fundamentals

Chapter 18, 19 & 21

What does it take to think like an economist? For starters we need to understand opportunity costs, what are we giving up whenever we make a choice. To make educated decisions it is important to understand all the cost involved, fixed costs, variable costs, total costs, average costs, and marginal costs. Once the costs are calculatee we have to know what the dollar price of things we wish to buy, in our economy it is determined by supply and demand.

Study Tools

Mr. C's Economics Handbook

It's here! Mr. C's economics handbook! All the notes you wish you had but didn't have to write down! Download this pdf or view it on the web, this handbook includes everything you need to know about econoics for this Civics & Economics course.

Online Textbook Resources

These pages contain the links to the online content for student practice. It includes Chapter Overviews, Web Activities, Self-Check Quizzes, ePuzzles and Games, Vocabulary Flashcards, Charts in Motion (to accompany diagrams in the textbook), and Interactive Graphic Organizers.


Link to Quizlet! Vocabulary is the key to understanding any subject. Once you can break down the barrier of language the ideas and concepts are wide open. Here you can find the vocabulary for the unit to practice by using online flash cards and by practicing online generated vocabulary quizzes.

Unit 8 Vocabulary Quiz on Quizlet

When you get to the Quizlet Quiz page, you can adjust what type of quiz to take by using the check boxes on the right.

Slide Shows

The slideshows are best viewed full screen. Slideshows will be blocked until AFTER the homework is due to encourage students to read the required sections of the textbook.




Return to Mocha

This is a fun video from the 1980s (broken into three parts to fit on YouTube). This video illustrates the operations of the three basic economic systems: Command, Traditional, Market. On a deeper level, it also illustrates the concepts of absolute advantage and comparative advantage.

Economics Made Memorable

Copyright M. Caggia 2016