Course Description
Economics
Overview
The AP* Institute will focus on both Micro and Macro economics. Microeconomics will focus on the study of economic principles concerning individual decision makers within an economy. The main areas of concentration include basic economic concepts; the nature and functions of product markets; factor markets; and market failures. Macroeconomics will emphasize economic principles as applied to the economy as a whole. The session will focus on aggregate supply and demand and macro stabilization policies to fight the problems of inflation and unemployment. The impact of exchange rates on international trade and comparative advantage will conclude the content area. Teachers will have time to look at the rubrics for the scoring of the previous year’s essays and be able to participate in a classroom grading session of just released sample copies of the free response questions.
Course Agenda
Monday
Introductions
Scope and Sequence of Microeconomics (Acorn Book)
Marginal Analysis
Supply and Demand
Tuesday
Perfect Competition
Monopoly
Game Theory
2007 Micro Essays and Rubrics
Best Practices-Your chance to share your best lesson
Wednesday
Scope and Sequence of Macroeconomics
Aggregate Supply and Demand plus graphs
Fiscal Policy
Thursday
Monetary Policy
Exchange Rates
2007 Essay and Rubrics
Best Practices-Your chance to share your best lesson
Friday
Tie up Loose Ends- Catch up, etc.
AP* Audit
