Economics Honors provides the student with basic knowledge of the history and philosophy of the United States economy and the economic principles that guide our democracy. Students demonstrate problem solving, and their understanding of the processes for economic reasoning, by applying economic principles to decisions they make as consumers, workers, and members of local and larger societies. This, in turn, enables the student to understand the issues and public policies that affect economic, political, and cultural systems. The course focuses on the functions and duties of the three branches of government, which are the legislative, executive, and judicial as they relate to the economy. Special attention is given to the role of the Federal Reserve System in administering the United States economy.