AP MICROECONOMICS

Duration

10 Months

Prerequisites

Algebra 1 recommended

Requirements

None

Course Summary

This course explores marginal thinking and its application in daily decisions by individuals and businesses. Students model key concepts like supply and demand, labor markets, and wages. It prepares students for the AP Exam.

MAJOR TOPICS AND CONCEPTS

  • Basic Economic Concepts
  • Supply and Demand
  • Production, Cost, and the Perfect Competition Model
  • Imperfect Competition
  • Factor Markets
  • Market Failure and the Role of Government
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