AP MICROECONOMICS (Semester 1) and AP MACROECONOMICS (Semester 2)
AP MICROECONOMICS (Semester 1) and AP MACROECONOMICS (Semester 2)
Prerequisite: Signed AP Agreement
1.0 Credit: Full Year
Grade(s): 12
Fee: Fee: $5 for student resource booklet; AP Exam Fee: TBD
Following the College Board’s suggested curriculum designed to parallel college-level microeconomics, AP Microeconomics courses provide students with a thorough understanding of the principles of economics that apply to the functions of individual decision makers (both consumers and producers). They place primary emphasis on the nature and functions of product markets, while also including a study of factor markets and the role of government in the economy. Following the College Board’s suggested curriculum designed to parallel college-level macroeconomics, AP Macroeconomics courses provide students with a thorough understanding of the principles of economics that apply to an economic system as a whole. They place particular emphasis on the study of national income and price determination and developing students’ familiarity with economic performance measures, economic growth, and international economics. Upon successful completion of the Advanced Placement Exams at the end of the school year, the student may receive college credit. Students must remain enrolled for the entire school year to receive AP credit and the corresponding weighted grade.
AP exams of 3 or higher can earn college credit.
MICRO:
Principles of economics and economic reasoning
Marginal analysis
Scarcity
Costs and rationing
Product and factor markets
Distributions of income
Market failure
Role of government
Focus is on the use of graphs, charts, and data to analyze, describe, and explain economic concepts.
MACRO:
Aggregate supply and aggregate demand
Determining changes in output, prices, and unemployment
Economic Indicators: GDP, unemployment, and inflation
The business cycle and economic growth
Financial sector focusing on Monetary Policy
Open Economy—International Trade and Finance
Focus is on the use of graphs, charts, and data to analyze, describe, and explain economic concepts.