ECON 445: AP Microeconomics

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. Areas of focus include scarcity and markets; costs, benefits and marginal analysis; production choices and behavior; and market inefficiency and public policy. AP Microeconomics is equivalent to a one-semester introductory college course in economics.