AP Economics 183
This year-long course examines the primary concepts of both microeconomics and macroeconomics. Microeconomics explores economic decision making by individual consumers and businesses. Primary areas of study include basic economic problems and concepts, the market system of allocating scarce resources, the theory of consumer choice, the various types of product markets and the role of government in cases of a market failure. Macroeconomics focuses on the functioning of the economy as a whole. Major topics are Gross Domestic Product, unemployment, inflation, fiscal and monetary policy options, and the impact of global trade. Wherever possible, connections between textbook theory and current affairs guide our discussions. This course emphasizes skills and content required to perform successfully on the AP Microeconomics and Macroeconomics exams given in May. The student may receive college credit, advanced college placement, or both depending on the exam score.
- Placement is through department recommendation.