AP Microeconomics

This course is the equivalent of a college-level introductory Microeconomics course. We examine the basics of economics, starting with the concept of scarcity of resources and the problem of satisfying unlimited human wants. The course extensively uses the concepts of demand and supply, opportunity cost, and decision-making based on marginal analysis. These concepts examine different types of market structures and their deficiencies. Additionally, the course also examines the factor markets and the role of government intervention in providing public goods. On successful completion of this course, students will be prepared to sit the AP Microeconomics exam.