Subject: Social Studies

AP Microeconomics

AP Microeconomics: Study market behavior and economic principles to prepare for the AP Exam in May.

Course Type: Advanced Placement

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Credits: 1.0

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Course Description

AP Microeconomics introduces students to the fundamental principles of economics as they apply to individual decision-makers, including consumers, firms, and government entities. This college-level course covers key topics such as supply and demand, production costs, market structures, and the role of government in promoting efficiency and equity in the economy. Students explore how economic decisions are made, analyzing how markets function and how various factors like prices, incentives, and externalities impact behavior.

Throughout the course, students learn to apply economic reasoning to real-world scenarios, developing skills to analyze and interpret data, construct models, and predict economic outcomes. Topics include consumer behavior, the dynamics of perfect and imperfect competition, and the effects of government policies on markets. Through hands-on activities, graphing, and critical analysis, students gain a solid foundation in economic theory and practice, empowering them to make informed decisions and understand economic policies.

AP Microeconomics prepares students for the AP Exam in May, providing an opportunity to earn college credit while building a strong foundation in economics. With a focus on analytical thinking and practical applications, this course sets students on a path toward future studies and careers in economics, business, and public policy.

This course has been authorized by the College Board® to use the AP designation.

Course Objectives

Define economic principles and models

Explain given economic outcomes

Determine outcomes of specific economic situations

Model economic situations using graphs or visual representations

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Course Contents

Module TitleModule Topic(s)
Basic Economic Concepts
Supply and Demand
Production, Cost, and the Perfect Competition Model
Imperfect Competition
Factor Markets
Market Failure and the Role of Government

Recommended Prerequisites

Carnegie Credits Explained: Our Approach vs. Trimester Credits

Carnegie Credit System
Excel High School follows the Carnegie Credit system, a widely recognized method of measuring student progress based on instructional hours. A single Carnegie credit reflects approximately 120 hours of coursework, typically completed over a full academic year.

Carnegie Credit vs. Trimester Credit
While Carnegie credits are awarded based on total hours over a year, trimester credits divide the school year into three terms. In a trimester system, students complete courses in shorter, intensive sessions, often earning partial credits (e.g., 0.33 or 0.5 per term). In contrast, Excel’s use of Carnegie credits ensures students have ample time to engage deeply with the material and develop a well-rounded understanding at a consistent pace.

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Recognized & Respected Nationwide

At Excel High School, we are proud to be regionally accredited by Cognia, along with additional accreditations from NCA, SACS, NWAC, and the Middle States Association. Our programs meet the same rigorous standards as public schools, giving you the confidence of earning a well-respected diploma.

Global Recognition for Our Accredited Diplomas

Excel High School’s regionally accredited diploma is accepted by colleges and universities around the world. With our recognized accreditation, you can confidently pursue higher education wherever your journey takes you.

Accreditation You Can Trust

Recognized & Respected Nationwide

At Excel High School, we are proud to be regionally accredited by Cognia, along with additional accreditations from NCA, SACS, NWAC, and the Middle States Association. Our programs meet the same rigorous standards as public schools, giving you the confidence of earning a well-respected diploma.

Global Recognition for Our Accredited Diplomas

Excel High School’s regionally accredited diploma is accepted by colleges and universities around the world. With our recognized accreditation, you can confidently pursue higher education wherever your journey takes you.