Course Syllabus AP Microeconomics Ann R. Turpin 2013-2014 ...

Course Syllabus AP Microeconomics Ann R. Turpin

2017-2018 Grapevine High School

Text: Economics: Principles, Problems and Policies, 20th ed. Campbell McConnell, Stanley Brue and Sean Flynn 2015. Other Suggested Readings: Business sections of the local newspapers and the Wall Street Journal if you have it available. Check out the Freakonomics website and podcast, also. Teacher Web Site: http://www.gcisd-k12.org//Domain/631 General Course Description and Expectations: The course is an introduction to microeconomics. Microeconomics deals with specific economic units and a detailed consideration of these individual units. At this level of analysis, the economist figuratively puts an economic unit, or a very small segment of the economy, under the microscope to observe details of its operation. Here we talk in terms of an individual industry, firm or household, concentrating upon such magnitudes as the output or price of a specific product, the number of workers employed by a single firm, the revenue or income of the particular household, or the expenditures of a given firm or family. In microeconomics we examine trees, not the forest. (That’s macroeconomics and that’s another show.) Microeconomics is useful in achieving a worm’s-eye view of some very specific components of an economic system. The following general topics will be discussed: Unit I - Basic Economic Concepts: scarcity, production possibilities, circular flow, market systems, global economy and trade (Chapters 1, 2 and 38) Unit II - Supply and Demand (Chapters 3, 6 and 7) Unit III – Product Markets: Price and Output Determination (Chapters 9, 10, 11, 12 and 13) Unit IV- Resource Markets (Chapters 14, 15 and 16) Unit V- Government and Current Economic Problems (Chapters 4, 5 and 18) This is a college level course. As a result, you will be held responsible for completing all reading/homework assignments. In order to effectively participate, you must keep up with the reading and the homework. Likewise, you are responsible for information transmitted in class. Should you miss class, you are responsible for making arrangements for the information missed, whether lecture or handout. Students missing a test or quiz need to see me as soon as possible to set up a make up time. Reading: The McConnell-Brue-Flynn text is designed for college and university students. In order to be successful in a course of this type, students need to maximize their time, through proper organization and time management skills. The required reading, along with homework, will figure prominently in your formal evaluation. My website also includes websites you may find useful for review. Notebook: Students are encouraged to maintain a 3-ring binder in which they will keep notes and class handouts and to bring black pens for the timed writings. Grades: Tests, timed writings or other work designated as “major assignments” will be weighted as 60% of your overall grade. All work labeled as “daily” or “homework” will be weighted as 40% of your overall grade. ***National Exam, Friday, May 18, 2018, 7:45 am in the library***