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Course Details

  • Social Science
AP Economics

This course prepares students for both the AP Microeconomics and AP Macroeconomics exams in May. After a brief introduction to basic economic concepts of supply and demand, scarcity, comparative advantage and specialization, economic systems, and marginal analysis, the course blends quantitative reasoning/mathematical models with social science in the study of individual choice and markets (microeconomics) and inflation, unemployment, business cycles, international trade and currencies, and national economic growth (macroeconomics). Micro topics include: the nature and function of product markets, factor markets, market failures, and the role of government at the individual and firm levels. Macro topics include: national measurements of economic performance, aggregate supply and demand models, money and banking, the role of banks and the Federal Reserve Bank in money creation and economic growth, the role of fiscal and monetary policy on unemployment and inflation, and foreign exchange markets and international trade. Prerequisite: Pre-Calculus or instructor approval.

  • Grade 10
  • Grade 11
  • Grade 12