AP Economics

  •   There is no application for AP Economics

    Interested students simply need to state their interest in taking the course with this school counselor during their scheduling meeting. If you have questions about the course, please contact Mr. Lamon, alamon@livingston.org 

    AP Economics Course Overview and Specific Course Goals
    The overarching goal of an AP Economics course is to provide students with the principles, concepts, and methodologies required to understand the economizing problem, specific economic issues, evaluation of microeconomic and macroeconomic policy, and analyze economic data to formulate solutions for economic problems within a society. 

    As a result of their study in AP Economics, students will be prepared to take both the Microeconomics AP Exam and the Macroeconomics AP Exam and be proficient in the following areas:
    • In the study of Microeconomics, students will be able to apply rational thinking to the smaller pieces of the economy, analyze the effects of the interactions between producers and consumers, identify the principles of supply and demand, evaluate the various market structures, and analyze the economic profit of individual firms.
    • In the study of Macroeconomics, students will extend their microeconomic knowledge to apply rationale thinking to the larger pieces of an economy. Students will be able to analyze economics in the aggregate, evaluate monetary policy and approach such policy from the perspective of the Federal Reserve System. Additionally, students will be able to study macroeconomics from an international perspective. They will use comparative advantage to determine the benefits of trade and explore the economic affects of fluctuating currencies. 

    The units of study in the AP Economics curriculum are listed below:

    Unit Microeconomics
    1 Introduction to Economics
    2 Supply and Demand
    3 Product Markets
    4 Resource Markets
    5 Role of Government
    6 Measurement and Basic Concepts
    7 Models and Fiscal Policy
    8 Money, Banking and Monetary Policies
    9 Long-Run Perspectives and Macroeconomic Debates
    10 International Trade
    11 Economics Today