AP Microeconomics

What is this class about?

The purpose of an AP course in Microeconomics is to provide a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the larger 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.

All links for Microeconomics can be found here!

Economics Links:

http://www.reffonomics.com/reff/index.html - great site for Basic Concepts, Micro or Macro information.

http://www.economistsdoitwithmodels.com/ - entertaining website for Econ students; made by a Harvard girl...

Textbook Link:

http://highered.mcgraw-hill.com/sites/0073365955/student_view0/chapter2/powerpoint_presentations.html

Youtube Links:

http://www.youtube.com/user/mjmfoodie - GREAT site for understanding all aspects of Economics. Browse video options to find the segment that applies.

http://www.youtube.com/user/ACDCLeadership - Mr. Clifford explains Micro/Macro concepts in an entertaining way.

http://www.youtube.com/user/yorambauman - The Stand-up Economist. Jokes and economics; do you need anything more?

http://www.youtube.com/user/davidmcwill/videos?view=0 - An illustrated, fun look at Economics. Economics explained while a cartoonist works!

AP Test/College Board link:

http://apstudent.collegeboard.org/apcourse/ap-microeconomics - AP test site info.

What is on the AP Microeconomics Test?

The exam is approximately two hours and 10 minutes long and has two parts — multiple choice and free response. The multiple choice section is worth two-thirds of the final exam grade and the free response section is worth one-third of the final exam grade.

I. Basic Economic Concepts . (8–14%)

II. The Nature and Functions of Product Markets (55–70%)

III. Factor Markets . (10–18%)

IV. Market Failure and the Role of Government (12–18%)