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advanced
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advanced
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INTRODUCTION TO AP MICROECONOMICS
The
Advanced Placement course in economics gives high-ability students the
opportunity to earn college credit in economics while still in high school. More
importantly, the content of an AP Economics course helps students develop
critical thinking skills through the understanding, application and analysis of
fundamental economic concepts. Through AP Economics, students learn to apply
quantitative and mathematical skills to the discipline of economics, test
economic propositions empirically, improve their decision-making skills and
apply economic logic to a wide variety of real world and hypothetical
situations.
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. All students enrolled
in this course will be expected to take the Advanced Placement Examinations in
Microeconomics in May.
The 2012 AP Examination in Microeconomics during the afternoon session of
Thursday, May 17. This examinations is approximately two hours long, and
consists of a 70-minute multiple-choice section and a 50-minute free-response
section with 3 essays. The multiple-choice section 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 eight units: Fundamentals, Markets, Marginal Analysis, Production Costs, Market Structure, Imperfect Competition, Factor Markets, and Market Failure. There will be approximately eight tests and a Final Examination. Grades will be based on test scores, quizzes, in-class essays, and simulations.
Required Text:
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MICROECONOMICS, 19th ed. Campbell R. McConnell and Stanley L. Brue. McGraw-Hill, 2011. |
Supplementary readings (on reserve at the Upper School Library):
The
Worldly Philosophers, 7th ed. Robert L. Heilbroner. ISBN 068486214X.
New
Ideas From Dead Economists. (Revised). Todd G. Buchholz. ISBN 0452280524.
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