Want to learn how individuals and businesses make the decisions that drive our economy - and use those skills to ace the Microeconomics AP® exam? This is the course for you!
This economics course is an introduction to basic microeconomic principles. You will learn how individuals make decisions ranging from what type of goods to buy to how many hours to work, and how firms make decisions ranging from how many workers to hire to what prices to charge. You will study how to evaluate economic outcomes from the perspective of efficiency and fairness, and discuss the proper role of the government in determining these outcomes.
This course will cover all material that is required for the Microeconomics AP® exam. It will cover this material through a mix of intuitive explanations, real-world applications, and graphical and mathematical supplements that explore the content in more depth. By the end of the course, not only will you have an understanding of the most important principles of microeconomics, but you’ll be able to use these principles to better understand the workings of the real world around you!
*Advanced Placement® and AP® are trademarks registered and/or owned by the College Board, which was not involved in the production of, and does not endorse, these offerings.
Week 1: Welcome and Introduction (Units 1-2)
Supply and Demand
Week 2: Consumer Theory I (Units 3-6)
Week 3: Consumer Theory II (Units 7-8)
Income and Substitution Effects
Week 4: Producer Theory I (Units 9-12)
Intro to Production
Week 5: Producer Theory II (Units 13-16)
Short-Run Supply Curve
Long-Run Supply Curve
Week 6: Competitive Equilibrium and Welfare (Units 17-21)
Shifts in Supply and Demand
Competition and Maximizing Welfare
Taxes in Competitive Markets
Week 7: Other Market Structures I (Units 22-24)
Intro to Monopolies
Welfare Effects of Monopoly
Origins of Monopoly
Week 8: Other Market Structures II (Units 25-27)
Intro to Oligopolies
Week 9: Factor Markets (Units 28-32)
Modeling Preferences for Work
Labor Market Equilibrium
Week 10: International Trade (Units 33-35)
Intro to Trade
Productions Possibilities Frontier and Comparative Advantage
MOOCs stand for Massive Open Online Courses. These arefree online courses from universities around the world (eg. StanfordHarvardMIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you. They also have student discussion forums, homework/assignments, and online quizzes or exams.