There are many arguments for and against the interference of Government in otherwise free markets. Market Failure and the Role of Government: Study of market factors help students understand the distribution of income and sources of inequality. This topic teaches students about supply and demand to markets of factors like capital, labor, and land. This topic covers the 4 key areas of supply and demand models, consumer choice, production and costs, and theory of the firm.Īll areas are studied across near and long term time frames, and in a number of scenarios. The Nature and Function of Product Markets: It emphasizes property rights, incentives, and marginal analysis. Students are introduced to foundational economics concepts like opportunity cost, scarcity, supply and demand, and free markets. There are 4 major topics and themes covered by an AP Microeconomics course: It’s important to understand motivations on the small scale, to help illuminate the way economies work at a macro level. Individual decision makers and their interactions come together to form expansive and complex marketplaces of goods and services. Whatever your motivation for studying AP Microeconomics, we’re here to help you succeed! Course Summaryįor AP Microeconomics is available from. In addition to students who are majoring in economics, most programs accept econ courses for general education credit. AP Microeconomics students will get a leg up on their college requirements with high marks on the AP test.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |