AP Economics
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: Public sector economics (chapters 10-12
Unit 5: The Firm (Chapters 13-17)
Unit 6: The Labor Market (Chapters 18-20)
Unit 7: Macroeconomic data
Unit 8: Real economy in the long run
Unit 9: Money and prices in the long run
Unit 10: Macroeconomics of open economies
Unit 11: Short run flucctuations
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.