Advanced Placement Economics Course Outline Text: Economics, McConnell and Brue Numerous supplementary resources and materials Unit I: Introduction to Economics and the Economy 1. 2. 3. 4. 5. 6. Unit II: The nature and method of economics The economizing problem Understanding individual markets Pure capitalism and the market system The mixed economy The United State and the global economy Macroeconomics 1. National income, employment and fiscal policy A. Measuring national statistics B. Unemployment and inflation C. Aggregate expenditures model D. Aggregate expenditures E. Aggregate supply and demand F. Fiscal policy 2. Money banking and monetary policy A. Money and banking B. How banks create money C. Monetary policy 3. Problems and controversies in macroeconomics A. Extending aggregate supply B. Disputes in macro theory and policy C. Economic growth D. Budget deficits and public debt Unit III: Microeconomics 1. Microeconomics of product markets A. Supply and demand B. Consumer behavior C. Costs of production D. Pure competition E. Pure monopoly F. Monopolistic competition and Oligopoly G. Technology Unit III: Microeconomics (cont.) 2. Microeconomics of resource markets A. The demand for resources B. Wage Determination C. Rent, interest and profit 3. Microeconomics of government A. Government and market failure B. Public choice theory and taxation 4. Microeconomic issues and policies A. Antitrust policy and regulation B. Agriculture C. Income inequality and poverty D. The economics of health care E. Labor market issues Unit IV: International Economics and the World Economy 1. International Trade 2. Exchange rates and trade deficits 3. The economics of developing countries Post AP : Personal Finance 1. 2. 3. Stock Market Credit Markets a. Credit Cards b. Home Loans c. Car Loans d. Student Loans Investments a. Savings Options b. Social Security & Retirement CREDIT INFO: This course provides one of the credits required for a Standard or Advanced Studies Diploma. Students will take the College Board Advanced Placement exam at the end of this course.