Course OverviewClass Expectations
All students are required to read all assigned reading and complete all handouts. Late work will be deducted 10 percent for each day it is not turned in. All students are encouraged to watch the lesson videos posted in our edmodo group.
Structure of Test
|
Micro EconomicsThe AP Microeconomics course provides students with an understanding of the principles of economics as they apply to individual decision-making units, including individual households and firms. The course examines the theory of consumer behavior, the theory of the firm, and the behavior of profit-maximizing firms under various market structures. Students evaluate the efficiency of the outcomes with respect to price, output, consumer surplus, and producer surplus. They examine the behaviors of households and businesses in factor markets, and learn how the determination of factor prices, wages, interest, and rent influence the distribution of income in a market economy. There are ample opportunities to consider instances in which private markets may fail to allocate resources efficiently and examine various public policy alternatives aimed at improving the efficiency of private markets.
*College board course Units of StudyI. Basic Economic Concepts
II.The Nature and Functions of Product Markets a. Supply and demand b.Theory of consumer choice c. Production and costs d. Firm behavior and market structure III. Factor Markets a. Derived Factor Demand b. Marginal revenue product c. Hiring decisions in the markets for labor and capital d. Market distribution of income IV. Market Failure and the Role of Government a. Externalities b. Public goods c. Public policy to promote competition d. Income distribution |
Macro EconomicsThe AP Macroeconomics course provides students with a thorough understanding of the principles of economics and how economists use those principles to examine aggregate economic behavior. Students learn how the measures of economic performance, such as gross domestic product (GDP), inflation, and unemployment are constructed and how to apply them to evaluate the macroeconomic conditions of an economy. The course recognizes the global nature of economics and provides ample opportunities to examine the impact of international trade and finance on national economies. Various economic schools of thought are introduced as students consider solutions to economic problems.
*College board course description Units of StudyII. Measurement of Economic Performance
a. National income accounts b. Inflation measurement and adjustment c. Unemployment III. National Income and Price Determination a. Aggregate demand b. Aggregate supply c. Macroeconomics equilibrium IV. Financial Sector a. Money, banking, and financial markets b. Loan-able funds market c. Central bank and control of the money supply V. Stabilization Policies a. Fiscal and monetary policies b. The Phillips curve VI. Economic Growth a. Definition of economic growth b. Determinants of economic growth c. Growth policy VII. Open Economy: International Trade and Finance a. Balance of payments accounts b. Foreign exchange market c. Imports, exports, and financial capital flows d. Relationships between international and domestic financial and goods markets |
|
Schoology Code 5KPMR-C6VN4
|
|
|