Agenda – Economics (Micro and Macro)

AP Economics (Microeconomics/Macroeconomics)

Microeconomics:

  • The purpose of the AP course in microeconomics is to give students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets and includes the study of factor markets and of the role of government in promoting greater efficiency and equity in the economy.

Macroeconomics:

  • The purpose of the AP course in macroeconomics is to give students a thorough understanding of the principles of economics that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price-level determination, and also develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics.

Please Note: There will be time, each day, for small group review and practice and individualized attention during office hours. This is a summary of the main topics that will be covered each day but the manner in which we review, practice, and collaborate will be discussed during the institute.

Microeconomics

Monday – Day 1

  • Introduction/Housekeeping
    • Selected and required topics
  • Take the Test
    • Interactive, small group activity
  • Unit 1: Basic Economic Concepts
  • Unit 2: Supply and Demand
  • Unit 3:  Production, Cost, and the Perfect Competition Model

 

Tuesday – Day 2

  • Task Verbs/FRQs
    • How to write and score
  • Unit 4: Imperfect Competition
  • Unit 5: Factor Markets
  • Unit 6: Market Failure and the Role of Government

 

Macroeconomics

Wednesday – Day 3

  • Class Management/AP Classroom
    • Grading
    • Use of AP Questions (Types, Styles, etc)
    • Planning (Year vs. Semester)
  • Micro Unit 1 vs Macro Unit 1
  • Unit 2: Economic Indicators and the Business Cycle
  • Unit 3: National Income and Price Determination

Thursday – Day 4

  • Last Day Miscellanea
    • Data from College Board
    • Textbooks
    • Micro AND Macro?
  • Unit 4: Financial Sector
  • Unit 5: Long-Run Consequences of Stabilization Policies
  • Unit 6: Open Economy—International Trade and Finance
  • Presentations of Sample Activity
  • Wrapping it Up
    • Exam Considerations (Weighting/approaches/scoring)