AP Microeconomics is an introduction to the study of the consumers and producers that make up the economy: households, firms, governments, and community organizations. AP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.
Explore the power of marginal thinking and apply it to common decisions that individuals and business firms encounter each day. Examine, interpret, analyze, and model key microeconomics concepts and processes, from the shifting supply and demand for familiar products to the model of the labor market and how wages are determined.
AP Microeconomics is equivalent to a one-semester introductory college course in economics.
The course provides particular emphasis on the function of consumers and producers within the economic system. The course also offers analysis of the markets in which consumers and producers interact as well as non-market economics. This course, which prepares students to take the AP Microeconomics exam, draws on software provided by Thinkwell. It has been reviewed and approved by the College Board to use the "AP" designation.
Study materials (e-books, Discovery Education, etc. ...) for FLVS Global courses are INCLUDED in the price of the course.