AP Microeconomics Online

Online Program

course code: FLVS_APMICRO
course name: AP Microeconomics Online
course length: 2 semester
grade: 9 - 13
partner: FLVS - Florida Virtual School Global

Description Structure Syllabus Materials required Price Student’s Experience Print

Description

AP Microeconomics is an introduction to the study of the consumers and producers that make up the economy: households, firms, governments, and community organizations. AP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.

Explore the power of marginal thinking and apply it to common decisions that individuals and business firms encounter each day. Examine, interpret, analyze, and model key microeconomics concepts and processes, from the shifting supply and demand for familiar products to the model of the labor market and how wages are determined.

AP Microeconomics is equivalent to a one-semester introductory college course in economics.

The course provides particular emphasis on the function of consumers and producers within the economic system. The course also offers analysis of the markets in which consumers and producers interact as well as non-market economics. This course, which prepares students to take the AP Microeconomics exam, draws on software provided by Thinkwell. It has been reviewed and approved by the College Board to use the "AP" designation.

Study materials (e-books, Discovery Education, etc. ...) for FLVS Global courses are INCLUDED in the price of the course.

Course Structure

Module 01 - Basic Economic Skills and Concepts

Scarcity
Resource allocation
Economic systems
Production Possibilities Curve (Frontier)
Reading and constructing basic economics graphs
Comparative advantage and trade
Cost-benefit analysis
Marginal analysis and impact on consumer choice

Module 02 - Supply and Demand

The law of demand and determinants of demand
The law of supply and determinants of supply
Price elasticity of demand
Price elasticity of supply
Cross-price and income elasticity
Market equilibrium
Constructing and interpreting market graphs
Economic surplus
Market disequilibrium
International trade and public policy

Module 03 - Production, Cost, and the Perfect Competition Model

The production function
Short-run production costs
Long-run production costs
Types of profit
Profit maximization of the firm
A firm’s short-run production decisions
A firm’s long-run decisions to enter or exit a market
The perfectly competitive market model
Allocative and productive efficiency

Module 04 - Imperfect Competition

Distinguishing imperfect from perfect competition
Characteristics of imperfectly competitive markets
The monopoly model
Basics of the natural monopoly model
Price discrimination in a monopoly
The monopolistic competition model
Oligopoly and game theory
Reading and analyzing a payoff matrix

Module 05 - Factor Markets

Defining factor (resource) markets
Differentiating input from output markets
Identifying changes in factor demand and factor supply and outcomes
Profit maximization in a perfectly competitive factor market
The monopsony model

Module 06 - Market Failure and the Role of Government

Socially optimal production
Defining market failure
Efficient versus inefficient market outcomes
Externalities
Public goods
Private goods
Effects of government intervention
Comparing government intervention in different market structures

Course syllabus

Syllabus AP Microeconomics

Syllabus AP Microeconomics

AP Microeconomics Course and Exam Description

AP Microeconomics Course and Exam Description

Materials required

No additional materials required.

Price

course fee: 811,- EUR / 19 300,- Kč

Student’s Experience

All topics covered in the course were inspiring and also useful in the real life. I liked the interactive part of the course, such as discussion-based assessments and presentations about how the coronavirus affects the economy.

Adam M., 2020

Course Catalog

Filtres

Online Program