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INTRODUCTION TO AP ECONOMICS
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 both Microeconomics and Macroeconomics.
The 2010 AP Examination in Macroeconomics will be held during the morning session and Microeconomics during the afternoon session of Thursday, May 13. Each of these examinations is approximately two hours long, and each consists of a 70-minute multiple-choice section and a 50-minute free-response section. The free-response section will consist of three questions; with the first question counting for 50% of the essay score. In each examination 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 two parts approximately split along semester lines: the first semester will be devoted to the study of Microeconomics in five units of two chapters each, while the second semester will be devoted to the study of Macroeconomics split into six units of one chapter apiece. There will be a cumulative test at the conclusion of every unit and both a Macro and Micro Review Examination. Grades will be based on test scores, quizzes, homework, and economic simulations.
| MICRO REVIEW SHEET | MACRO REVIEW SHEET |
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ESSENTIALS OF ECONOMICS, 1st ed. Campbell R. McConnell and Stanley L. Brue. McGraw-Hill, 2007. (this text includes a software student tutorial as well as online unit quizzes). |
Supplementary readings (on reserve at the Cone Library):
The
Worldly Philosophers, 7th ed. Robert L. Heilbroner. ISBN 068486214X.
New
Ideas From Dead Economists. (Revised). Todd G. Buchholz. ISBN 0452280524.
| Recommended Study Guides (available at academic and commerical bookstores): | ||
| The Armchair Economist. Steven E. Landsburg. Free Press. ISBN 0029177766 | ||
| 5 Steps to a 5. Eric Dodge. McGraw-Hill. ISBN 0071437126. | ||
| Barron's Business Review Series: Economics. Walter J. Wessels. Barron's Educational Series, Inc. ISBN 0812035607. | ||
| 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: Macroeconomics. E. David Emery. Harcourt Brace Jovanovich Publishers. ISBN 0156015862. | ||
| 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. | ||
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