Virtual Economics® contains 51 key economic concepts organized into five categories. For each concept
included in the application, you can look at an overview, find featured lessons that teach the concept, check out quick teaching tips for
the concept, view a video explanation, take a five-question quiz, look up online resources, and print out any section from the concept.
These are the concepts that are featured:
- Fundamental Economics
- Decision Making/Cost-Benefit Analysis
- Division of Labor/Specialization
- Economic Institutions
- Economic Systems
- Incentives
- Money
- Opportunity Cost
- Productive Resources
- Productivity
- Property Rights
- Scarcity
- Technology
- Trade, Exchange and Interdependence
- Macroeconomics
- Aggregate Demand
- Aggregate Supply
- Budget Deficits and Public Debt
- Business Cycles
- Economic Growth
- Employment and Unemployment
- Fiscal Policy
- GDP
- Inflation
- Monetary Policy and the Federal Reserve
- Real vs. Nominal
- Microeconomics
- Competition and Market Structures
- Consumers
- Demand
- Elasticity of Demand
- Entrepreneurs
- Government Failures/Public-Choice Analysis
- Income Distribution
- Market Failures
- Markets and Prices
- Price Ceilings and Floors
- Producers
- Profit
- Roles of Government
- Supply
- International Economics
- Balance of Trade and Balance of Payments
- Barriers to Trade
- Benefits of Trade/Comparative Advantage
- Economic Development
- Foreign Currency Markets/Exchange Rates
- Personal Finance Economics
- Compound Interest
- Credit
- Financial Markets
- Human Capital
- Insurance
- Money Management/Budgeting
- Risk and Return
- Saving and Investing
