Grade 12 - Social Studies
AP: Microeconomics (Credit: 0.50)AP Microeconomics studies the behavior of individuals and businesses as they exchange goods and services in the marketplace. Students will learn why the same product costs different amounts at different stores, in different cities, at different times. They'll also learn to spot patterns in economic behavior and how to use those patterns to explain buyer and seller behavior under various conditions. Microeconomics studies the economic way of thinking, understanding the nature and function of markets, the role of scarcity and competition, the influence of factors such as interest rates on business decisions, and the role of government in promoting a healthy economy. The equivalent of a 100-level college course, AP Microeconomics prepares students for the AP exam and for further study in business, history, and political science.
This course has been authorized by the College Board® to use the AP designation.
Microeconomics for Today, 7th ed. Irvin B. Tucker (South-Western/Thomson Learning, 2010).
ISBN-10: 0538469412 / ISBN-13: 9780538469418
Acceptable alternate: 6th ed. (2008). ISBN-10: 0324591381
Acceptable alternate: 5th ed. (2007). ISBN-10: 0324408005
Acceptable alternate: 4th ed. (2005). ISBN-10: 0324301928