Students in this course prepare for the AP Microeconomics and Macroeconomics exams while at the same time discuss contemporary economic issues. Students are required to take both AP exams. Specific economic concepts covered include the nature and functions of product markets, supply and demand, theory of consumer choice, production and costs, firm behavior and market structure, factor markets, market failure and the role of government, measurement of economic performance, national income and price determination, the financial sector, stabilization policies, economic growth, and international trade and finance. This course has a summer assignment.
Open to: Juniors and seniors