COURSE SYLLABUS

Course: AP Microeconomics and Macroeconomics 4631

Teacher: Mr. Slonim Grade Level: 11th-12th Credit: 1 unit

Course Description:

Students will study both Microeconomics and Macroeconomics principles throughout the course of the year in preparation for the College Boardís Advanced Placement Examination. During the first semester, students will gain an understanding of principles that apply to individual consumers within the larger economic system. The primary emphasis of study will be focused on product markets, factor markets, and the Economicsís role in promoting greater competition, efficiency and equity in the economy. The second portion of the course will deal with Macroeconomics principles. Students will learn how a nationís economic performance is measured. Primary emphasis will be in the areas of national income and price determination. Issues of international trade and future economic growth will also be studied.

Major Topics:

Microeconomics

Macroeconomics

  • Scarcity
  • Nature of Economic Systems
  • Opportunity Costs
  • Specialization
  • Production Possibilities Curve
  • Economic system functions
  • Price and Quantity determination
  • Price determination
  • Factors affecting Supply & Demand
  • GDP & national income
  • Elasticity of Supply & Demand
  • Inflation & price indices
  • Marginal product
  • Unemployment
  • Diminishing Returns
  • Aggregate Supply
  • Cost curves
  • Aggregate Demand
  • Economies of Scale
  • Money and Banking
  • Different types of economic markets
  • Monetary policy
  • Factor Markets
  • Fiscal policy
  • Externalities
  • Inflation/Unemployment
  • Public goods
  • International finance
  • Economic growth

 

Required Texts, Fees, Materials:

  • Economics by Campbell R. McConnell & Stanley L. Brue, Irwin, McGraw-Hill, copyright 1999.

  • Micro & Macro Student Activities Books, The Joint Council on Economic Education

  • Activity Book Fee

  • AP Fee

Expectations:

Complete daily assignments, maintain glossary and actively participate in class discussions. Daily participation in classroom discussion of material is valued greatly.

Evaluation/Method of Grading:

Students are evaluated on tests, quizzes, daily assignments, and class participation.