INTRODUCTION TO AP MICROECONOMICS
The AP Program offers two separate examinations in economics: one in Microeconomics and one in Macroeconomics. Each examination is intended for qualified students who wish to complete studies in secondary-school equivalent to a one-semester college introductory course. Students enrolled in this course will be expected to take the 2006 Advanced Placement Examination in Microeconomics.
The 2006 AP Examination in Microeconomics will be held during the afternoon session of Thursday, May 11. This examination is approximately two hours long, and consists of a 70-minute multiple-choice section and a 50-minute free-response section. For scoring purposes, the multiple-choice section of the test accounts for two-thirds of the student's examination grade and the free-response section for the remaining one-third.
In preparation for this examination, this course will be divided into three parts split along trimester lines: the first trimester will be devoted to the study of general economics and business organization; the second trimester will be concerned with the study of cost analysis and market structure; and the third trimester will look at resource markets and market failure. There will be approximately six tests per trimester and Trimester Examinations. Grades will be based on multiple choice test scores, essay test scores, and in-class quizzes.
All students enrolled in AP Economics in the 2005/2006 academic year will take the Test of Understanding College Economics (TUCE) on Friday, August 26, 2005.
|MICROECONOMICS, 16th ed. Campbell R. McConnell and Stanley L. Brue. McGraw-Hill, 2004. (this text includes a software student tutorial as well as online unit quizzes).|
Supplementary readings (on reserve at the Upper School Library):
Worldly Philosophers, 7th ed. Robert L. Heilbroner. ISBN 068486214X.
New Ideas From Dead Economists. (Revised). Todd G. Buchholz. ISBN 0452280524.
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|The Upper School Library|
|The best site for up-to-date economic issues and information|
|Recommended Study Guides (available at academic and commercial bookstores):|
|The Armchair Economist. Steven E. Landsburg. Free Press. ISBN 0029177766|
|5 Steps to a 5. Eric Dodge. McGraw-Hill. ISBN 0071437126.|
|Econ 101 1/2. Elaine Schwartz. Avon Books. ISBN 0380775328.|
|From Here to Economy. Todd G. Buchholz. ISBN 0452274826.|
|HBJ College Outline Series Principles of Economics: Microeconomics. E. David Emery. Harcourt Brace Jovanovich Publishers. ISBN 0156000539.|
|Hidden Order: The Economics of Everyday Life. David Friedman. HarperBusiness. ISBN 0887308856.|