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AP - History and Social Sciences

AP Microeconomics

AP Microeconomics

Unit 1 Basic Economic Concepts

You’ll start the course with an introduction to economic concepts, principles, and models that will serve as a foundation for studying macroeconomics.

Unit 2 Economic Indicators and the Business Cycle

You’ll look at how economic phenomena such as employment and inflation are measured.

Unit 3 National Income and Price Determination

You’ll explore how changes in aggregate spending and production, economic fluctuations, and policy actions affect national income, unemployment, and inflation.

Unit 4 Financial Sector

You’ll examine the financial sector and explain how monetary policy is implemented and transmitted through the banking system.

Unit 5 Long-Run Consequences of Stabilization Policies

You’ll spend more time exploring the effects of fiscal and monetary policy actions and examine the concept of economic growth.

Unit 6 Open Economy—International Trade and Finance

You’ll examine the concept of an open economy in which a country interacts with the rest of the world through product and financial markets.