The Final Exam will consist of two parts. Part 1 – Economic Terms will be Multiple Choice. Part II – College Terms will be short answer. For Part 1 – Terms and Principles I went through and limited the exam to the titles of the podcasts in question. If you go back and listen to all of these podcasts and are prepared, you’ll do fine on the exam.
- Part I – Economic Terms & Principles
- Relative & Absolute Needs
- First and Third World Countries
- Infrastructure
- Outsourcing
- Capitol – Physical & Human
- Economic Systems
- Traditional Economy
- Market Economy
- Command Economy
- Mixed Economy
- Economic Efficiency
- Economic Freedom
- Economic Growth and Innovation
- Globalization
- Social Security
- Medicare
- Medicaid
- Microfinancing (Grameen Bank)
- Part II – College Funding and You
- Podcasts in blue / Websites in red
- Reach, Target, Fall Back – college choices
- FAFSA – Free Application for Federal Student Aid – website
- Grants, Scholarships, Loans
- Subsidized & Unsubsidized Loans
- Perkins Loan – website
- Stafford Loan – website
- Parent Plus Loan – website
- Bank Loan & Credit Card
- Federal Pell Grant – website
- Work Study Program – website
- Michigan TIP Scholarship –brochure
- American Opportunity Tax Credit– link
- Final thoughts on College Funding
