NCHS Social Studies Department - Mr. Michael Staffaroni
MICROECONOMICS (Fall Semester) (College Board Approved and UCONN ECE Credits Available)
MACROECONOMICS (Spring Semester) (College Board Approved and UCONN ECE Credits Available)
Duration: 1 semester each
Prerequisite: Completion of or current enrollment in Algebra II; for AP Macro Economics, students must complete a semester of Economics or AP Micro Economics.
Credit: 0.5 per Semester
AP Microeconomics and AP Macroeconomics are each one semester college-level courses that will follow the College Board Advanced Placement Curricula.
Students will explore essential concepts such as measures of economic performance, micro and macroeconomic theory and policies, and international economics and the principles of economics that apply to an economic system as a whole.
In Microeconomics, students will study how the ‘invisible hand’ of the market functions through the economic decisions of firms and individuals. Topics studied will include how prices, wages and profits are determined, how resources are allocated and how income is distributed.
In Macroeconomics, the organization and function of the economic system as a total unit is investigated, including how economic decisions, institutions and policies determine levels and rates of growth of production, employment and prices.
It is expected that all students who take the two AP Economics courses will take each AP Economics test in the spring. Summer work is required.