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AP Microeconomics

Reasons to study Economics

“There’s no such thing as a free lunch.” Milton Friedman.

Class Outline:

Unit 1: Introduction to Economics (Chapters 1-3)

Unit 2: Supply and Demand (Chapters 4-6)

Unit 3: Markets & The Public Sector (Chapters 7, 8, 10, 11, 12)

Unit 4: The Firm (Chapters13-17)

Unit 5: The Labor Market (Chapters 18-20)

Textbook: Principles of Economics (8th edition) by N. Gregory Mankiw

Note: Your required state consumer education requirement is satisfied via the completion of various activities and assignments designed to give you a background in the basics of consumer education.

Unit Outline: For each unit, you will read and make an outline of the book. Class time will usually be provided to complete at least some of this. Book problems will frequently be added to the outline for class discussion and also may be collected. The outline of the unit is due the day of the Unit Test.