AP Microeconomics

课程描述

AP Microeconomics

Book Trial Class

AP stands for Advanced Placement, which is the university preparatory course. The AP exam was held by the College Board in 1955 to give high school students access to college courses and to complete some of them ahead of schedule if they have the ability to do so. There are 22 categories, including 37 different courses.

AP Economics Divided Into Two Parts:

  • Microeconomics
  • Macroeconomics

AP microeconomics is one of the favorite subjects for students. As an introduction to economics, it will teach students how to analyze some common economic phenomena produced by consumers and producers from a personal perspective.

Compared with macroeconomics, microeconomics is closer to real life, so students can understand it better. Because it is a university preparatory course, microeconomics does not need the knowledge of calculus, that is to say, microeconomics pays more attention to teaching students the most basic knowledge and pattern of economics.

We suggested to the students that since macroeconomics and microeconomics have a lot in common in terms of knowledge, it is best for students to take together.

Curriculum

  • Unit 1: Basic Economic Concepts (portion in test: 12%–15%)
  • Scarcity
  • Resource allocation and economic systems
  • The Production Possibilities Curve
  • Comparative advantage and gains from trade
  • Cost-benefit analysis
  • Marginal analysis and consumer choice
  • Unit 2: Supply and Demand (portion in test: 20%–25%)
  • Demand
  • Supply
  • Elasticity
  • Market equilibrium, disequilibrium, and changes in equilibrium
  • The effects of government intervention in markets
  • International trade and public policy
  • Unit 3: Production, Cost, and the Perfect Competition Model (portion in test: 22%–25%)
  • The production function
  • Short- and long-run production costs
  • Types of profit
  • Profit maximization
  • Perfect competition
  • Unit 4: Imperfect Competition (portion in test: 15%–22%)
  • Monopoly
  • Price discrimination
  • Monopolistic competition
  • Oligopoly and game theory
  • Unit 5: Factor Markets (portion in test: 10%–13%)
  • Introduction to factor markets
  • Changes in factor demand and factor supply
  • Profit-maximizing behavior in perfectly competitive factor markets
  • Monopsonistic Markets
  • Unit 6: Market Failure and the Role of Government (portion in test: 8%–13%)
  • Socially efficient and inefficient market outcomes
  • Externalities
  • Public and private goods
  • The effects of government intervention in different market structures
  • Income and wealth inequality