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History

AP Economics is a History Department elective course. Course content covers both AP Micro and AP Macro Economic principles and concepts, as per the College Board curriculum.  This course offers a broad examination of the principles of microeconomic theory and macroeconomic analysis, equivalent to a two-semester college Principles course.  In the first semester, students are introduced to the concept of scarcity, opportunity costs, the law of comparative advantage, supply and demand, market structures, and cost principles, as well as policy issues in labor, taxation, public goods and common resources, and income inequalities. During the second semester, the primary focus is on Macro measures of Gross Domestic Product, full employment and inflation, as well as money and banking, aggregate demand and supply, monetary and fiscal policy, and the role of government, with additional coverage of international markets.  Current macroeconomic issues are also incorporated into the course.