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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 1-5)

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.

Grade Breakdown (approximate):

Classwork 40%

Tests & Quizzes 60%