Section VI.R. - Principles of Economics (One-Semester Course).
ADVANCED PLACEMENT ECONOMICS
VI.R.1. A.P. MICROECONOMICS. THIS ONE SEMESTER COURSE WILL
FULFILL THE ONE SEMESTER STATE ECONOMICS REQUIREMENT AT
UHS. STUDENTS WHO WISH TO ENROLL IN A FULL YEAR OF AP
ECONOMICS SHALL TAKE AP MICROECONOMICS IN THE FIRST
SEMESTER AS A PREREQUISITE TO ENROLLING IN AP
MACROECONOMICS IN THE SECOND SEMESTER. The UHS School
Council adopts the course description for the new semester course entitled “Principles of Economics.” The course shall be included in the UHS curricular offering beginning in August 2009. the UHS administration shall ensure that it has an appropriate TUSD course number and will include the course in the 2009-2010 course handbook. This course shall be the non-Advanced placement alternative to satisfying the state Economics requirement beginning with the Class of 2012.
Students may select AP economics or Principles of Economics to satisfy that state requirement.
VI.R.2. Course Description A.P. MACROECONOMICS. THIS ONE
SEMESTER ELECTIVE COURSE WILL BE OFFERRED SECOND
SEMESTER AND IS RECOMMENDED FOR STUDENTS WHO WISH TO
TAKE BOTH OF THE ECONOMICS A.P. EXAMS.
The Principles of Economics course will combine the major elements of microeconomics, macroeconomics, and international economics into a one-semester course. Principles of Economics will meet the Arizona graduation requirement for
0.5 credits of Economics. The college-level course will cover the following basic principles:
1.
production possibilities, opportunity cost, comparative advantage, marginal analysis, and supply and demand;
2.
cost analysis; perfect and imperfect competition through the four market models – perfect competition, monopolies, monopolistic competition and oligopolies;
3.
the impact of government policies such as price ceilings, price floors, and taxes on markets;
4.
real GDP and other measurements of macroeconomic activity;
5.
full employment;
6.
price stability
7.
fiscal and monetary policy;
8.
macroeconomic models of aggregate supply and aggregate demand;
9.
international trade and globalization;
10.
personal finance.
VI.R.3. Due to the severe time constraints and the lack of time for review, ONE
SEMESTER OF AP MICROECONOMICS
this course is not recommended for students who wish to take the AP exam. in
either subject. This course will prepare students for success in any
introductory and possibly, intermediate level university economics course.
(Res 20-10, 1/13/09)

EFFECT. Passage of the proposal will eliminate the non-A.P. semester economics course beginning with the 2011-2012 school year. A.P. Microeconomics will become the course
UHS students take to satisfy the one semester state economics requirement. Students who wish to take the A.P. Economics exams shall take one semester of A.P. Microeconomics as well as one semester of A.P. Macroeconomics.
RATIONALE. 1. Elimination of the non-A.P. economics class prevents a two-tiered UHS curriculum. 2. Elimination of the non-A.P. economics class opens up other elective opportunities for UHS students. In 2010-2011, over 20 students who completed the non-AP semester course enrolled in AP Economics the following year.