COURSE SYLLABUS
Course: AP Microeconomics and Macroeconomics
Teacher: Mr. Reynolds
Email – Benjamin.reynolds@fayette.kyschools.us
Course Description:
Students will study both Microeconomics and Macroeconomics principles throughout the course
of the year in preparation for the College Board’s Advanced Placement Examination. During the
first semester, students will gain an understanding of principles that apply to individual
consumers within the larger economic system. The primary emphasis of study will be focused on
product markets, factor markets, and the government’s role in promoting greater competition,
efficiency and equity in the economy. The second portion of the course will deal with
Macroeconomics principles. Students will learn how a nation’s economic performance is
measured. Primary emphasis will be in the areas of national income and price determination.
Issues of international trade and future economic growth will also be studied.
Who should take AP Economics (Micro &Macro)?
The course is intended to meet the needs of a variety of students, from those intending to pursue college
work in business and seeking a firm foundation in theory, to those planning to join the labor force directly
out of high school and wanting to understand their role in the national economy. Each student's reason for
taking the course will vary, but each needs to approach the course with a sense of wonder and a willingness
to explore new concepts and theories. The course is not intended for those who are eager to learn about the
stock market or consumer economics.
No prerequisites are required. Calculus is not required for the course. All mathematical computations on the
AP Exam can be done without the use of a calculator. Graphing skills, however, are imperative.
2 AP Exams are given 1 each for Micro & Macro
Most colleges accept credit for Econ 201 & 202 with a score of 3-5 on each of the AP Exams
An AP course in Macroeconomics is designed to give you a thorough understanding of the principles of
economics that apply to an economic system as a whole. Such a course places particular emphasis on the
study of national income and price determination, and also develops your familiarity with economic
performance measures, economic growth, and international economics.
General Course Description/Outline
AP Microeconomics
The purpose of an AP course in microeconomics is to give students a thorough 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 of the role of government in promoting greater efficiency and equity in the economy.
Topics
I. Basic Economic Concepts
II. The Nature and Functions of Product Markets
III. Factor Markets
IV. Market Failure and the Role of Government
AP Macroeconomics
The purpose of an AP course in macroeconomics is to give students a thorough understanding of the principles of
economics that apply to an economic system as a whole. Such a course places particular emphasis on the study of
national income and price-level determination, and also develops students’ familiarity with economic performance
measures, the financial sector, stabilization policies, economic growth, and international economics.
Topics
I. Basic Economic Concepts
II. Measurement of Economic Performance
III. National Income and Price Determination
IV. Financial Sector
V. Inflation, Unemployment, and Stabilization Policies
VI. Economic Growth and Productivity
Required Texts, Fees, Materials:mkzxgfuioio6
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Text - to be determined
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Micro & Macro Student Activities Books, The Joint Council on
Economic Education
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Activity Book Fee
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AP Fee
Expectations:
Complete daily assignments, maintain glossary and actively participate in class discussions.
Daily participation in classroom discussion of material is valued greatly.
Evaluation/Method of Grading:
Students will be evaluated on tests, quizzes, daily assignments, and class participation.