Instructor, Mrs. Peggy Pride
Economics, Principles, Problems and Policies, 15th Edition, McConnell
Video: Econ U$A series with discussion
Class Activities: APIP workbook activities, reinforcement and writing activities and other
This semester-long course gives students
a thorough understanding of the principles of
economics that apply to the function of individual decision-makers, both consumers and
producers, within larger economic systems
. It places primary emphasis on the nature and function
of product markets.
It also examines factor markets and the role of government in promoting greater
efficiency and equity in the economy.
1,2, 4, 6
8-12% of AP
Basic Economic Concepts
Scarcity and Opportunity Cost
Economic Systems: the Market System
Specialization and Comparative Advantage
3, 20, 21
20-30% of AP
Nature and Function of Product Market
Supply and Demand
Ceilings and floors
Elasticity and applications
Models of consumer choice
22, 23, 24, 25 Unit Three
40-50% of AP
Firm production, costs, revenues
Product Pricing within different market structures
Efficiency and government policy toward imperfect markets
10-15% of AP
Derived Demand for labor
Resource Market Pricing
5, 30, 31
8-12% of AP
Efficiency, income equity, the role of government
Distribution of Income
• There will be
6 major tests
during the semester (two on third topic). There will be a final
. There will be no exemptions.
Writing and reinforcement activities
will be a part of the course work.
You can expect "quizzes" on each chapter during the course of each
• It is expected that
students will take the AP Microeconomics Exam
scheduled in May.
There will be a review material package with review sessions in the month of April to recall the concepts
and practice test materials.