AP® Microeconomics (ECON510)
0.5 (semester course)
Algebra 1 (MATH100) & Economics; a grade of an 85% or higher in the subject area course taken the previous year
This course gives students an understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets and includes the study of factor markets and the role of governments in promoting greater efficiency and equity. Learning will be applied and evaluated through a wide range of mediums including activity labs, tests, quizzes, multimedia, texts, charts, graphs, research projects, participation, and life skills. This course will prepare students to successfully complete the AP® Microeconomics exam offered each May.
If you are planning to take the AP® exam associated with this course, please be aware that beginning in Fall 2019 the College Board requires that all students register in October of each school year to take the exam which is held in early May. You must make your decision early. There are penalties associated with late registration and with registering and then deciding not to take the exam at a later date. For more information, please visit https://apcentral.collegeboard.org. Once on the site, search home-schooled students to find information on testing locations near you.
As you go about your life, you make many economic decisions. As a student, you decide how many years to stay in school. When you get a job you decide how much of your income to spend, how much to save, and how much to invest. Microeconomics is the part of economics concerned with single factors and the effects of individual decisions. Microeconomics only explains what to expect if certain conditions change. For example, If a manufacturer raises the prices of cars, microeconomics says consumers will tend to buy fewer than before. In this course you will learn the principles of Microeconomics. You will play interactive games, decide on how you would run your own business,and learn what the Bible says about economics and how to spend your money. You will be evaluated on what you learn by taking quizzes, tests, constructing charts, and research projects. This class is also designed to prepare you to take the AP® Microeconomics test in May. As you can see the principles of microeconomics can be applied to many of the situations that you find yourself in. Whether you read the paper, run your own business, or run for office one day, you will be glad that you studied microeconomics.
If there are books and materials for this course, they can be purchased from our Online Bookstore.
I loved this class.
"The questions asked for the discussions are interesting and I liked reading what my classmates wrote."
I have really really enjoyed economics, definitely one of my favorite classes!