AP Micro/Macro Economics (Period 1 & 2) Assignments

Microeconomics Micro Economics is a one-semester study of how individuals, firms, and organizational structures make economic decisions. Demand and supply analysis will be developed to demonstrate how market prices are determined; how they determine an economy’s allocative mix of goods and services and factors of production; and how goods and services are distributed throughout the economy. We will evaluate the strengths and weaknesses of economic decision-makers by employing concepts of efficiency and equity. We also analyze and evaluate the effects of government intervention. Throughout the course, learning emphasis is placed on reasoned, logical argument. The purpose of this course is not to develop or solicit a normative or political point of view, but rather to use economics as a method and model for decision-making. Macroeconomics Macro Economics is a semester study of how economic decision-makers affect the economy as a whole in terms of employment, price stability, and economic growth. After defining and analyzing tools and models that describe the conditions of our national economy, our fundamental purpose will be to analyze how fiscal and monetary policies may be used to promote full employment, price stability, and economic growth. Competing economic theories and models will be used to test the conventional Classical and Keynesian conclusions. While international economics formally concludes our study in Macro Economics, we shall attempt to integrate international topics through the entire course as we assume a complete economy in dealing with macro problems. Moreover, throughout the course, learning emphasis is placed on reasoned, logical argument.