Credit Hours: 1.0
Course Length: 2 Semesters
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.
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
- To develop economic thinking skills to gain an understanding of our role in the economy.
- An understanding of scarcity, the need to make a choice and the opportunity cost of such choices.
- An understanding of the graphs and interpretation of those graphs. Applying graphs to real world scenarios.
- Learning the basics of economic concepts examining how business has an effect on how the economy operates.
- Recognize the far-reaching effects of those business decisions on the economy as a whole.
- All the fundamental knowledge and skills necessary to be successful on the Advanced Placement exams at the end of the spring semester.