AP Economics

Credit Hours: 1.0

Course Length: 2 Semesters

Course Description

Economics is a social science which addresses how society allocates (distributes) limited resources (e.g. – goods and services). It is a “science” because it is governed by quantifiable laws designed to predict likely outcomes. It is a “social” science, as opposed to a natural science, because its laws are based upon social, as opposed to natural occurrences. This course will prepare the student for both the AP® Micro and Macroeconomics exams. Each exam consists of 60 multiple choice questions and three free-response essay questions. Many colleges and universities give credit for passing the AP® exam, enabling the student to move on to more advanced level courses.

Course Prerequisites

Students will be expected to read a minimum of one chapter per week in an AP® textbook. These are college-level textbooks. Basic mathematics and graphing skills required. Being self motivated and able to work in small groups is a plus.

Required Textbook(s) and/or Materials

None

Major Concepts

  1. To develop economic thinking skills to gain an understanding of our role in the economy.
  2. An understanding of scarcity, the need to make a choice and the opportunity cost of such choices.
  3. An understanding of the graphs and interpretation of those graphs. Applying graphs to real world scenarios.
  4. Learning the basics of economic concepts examining how business has an effect on how the economy operates.
  5. Recognize the far-reaching effects of those business decisions on the economy as a whole.
  6. All the fundamental knowledge and skills necessary to be successful on the Advanced Placement exams at the end of the spring semester.