AP Microeconomics

Enrollment Message

Indiana Online cannot administer the AP Exam. Students need to register with their school of record to take the AP Exam. See Required Textbook.

Course Description

AP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.

• Counts as an elective for all diplomas
• Fulfills the economics requirement for all diplomas
• Qualifies as a quantitative reasoning course

Required Textbook

• Economics by McConnell, Brue, and Flynn 21st (college) Edition. 978-0021403233 (AP edition) 978-1259723223 (college edition). You may rent the textbook from - Chegg, or purchase from Amazon

Course Goals

Upon completion of the course, students will…

• understand how limited resources require individuals and societies to make choices about how to allocate them.
• explain the concept of opportunity cost and how it influences decision-making.
• analyze how supply and demand determine prices and the quantity of goods and services in a market.
• describe price elasticity of demand and supply, and how they affect consumer and producer behavior.
• compare different market structures, such as perfect competition, monopoly, monopolistic competition, and oligopoly, and their impact on prices and output.
• understand the relationship between production inputs and outputs, and how costs influence business decisions.
• identify situations where markets fail to produce efficient outcomes, such as externalities and public goods, and discuss potential government interventions.
• examine how income is distributed in an economy and the factors that contribute to income inequality.
• analyze how wages are determined in labor markets and the role of unions and government policies.
• evaluate the economic effects of government policies, including taxes, subsidies, and regulations, on markets and individual behavior.

College Board and Exam Description

• AP Microeconomics

Units of Instruction

• Unit 1 Basic Economic Principles
• Unit 2 Supply and Demand
• Unit 3 Production, Cost, and the Perfect Competition Model
• Unit 4 Imperfect Competition
• Unit 5 Factor Markets
• Unit 6 Market Failure and the Role of Government

Grading/Evaluation

Indiana Online does not assign letter grades, grant credit for courses, nor issue transcripts or diplomas. A final score reported as a percentage of total points earned will be sent to students upon completion of a course. Your school of record can also access this score within the Student Information System, Genius. The final score will be shown as a percentage in Canvas and Genius. The student’s school of record will determine the letter grade based on their specific grading scale.

Students must complete at least 70% of the course and take all parts of the final exam(s) to have a score reported to their school of record. Failure to meet these requirements will result in a score of 0 reported to the school of record.

Assessments

Online assessments consist of formative and summative assessments represented by computer-graded multiple choice, teacher-graded writing assignments including hands-on projects, model building and other forms of authentic assessments. The course includes the following assessments

• 8 Assignments
• 29 Quizzes

The assessments for this asynchronous course are weighted as follows

Teacher Contact Response Time

Students can use email or the private message system within Genius or Canvas to access highly qualified teachers when they need teacher assistance. Students will also receive feedback on their work inside Canvas. The Teacher Information page of their course may describe additional communication options.

The teacher will respond to student inquiries (email, text, call) within one business day. Assignments will be graded and posted within two business days.

Expectations for Academic Conduct 

Student Handbook 

It is your responsibility to read the student handbook to understand all aspects of taking an online course including expectations for academic conduct. Contact your teacher if you have any questions. 

Assistance for Students with Accommodations

Indiana Online supports an inclusive learning environment for all students. If there are aspects of the instruction or design of this course that hinder your full participation, such as inaccessible web content, or the use of non-captioned videos and podcasts, reasonable accommodations can be arranged.

Technology

Technology Requirements 

Students will require a computer device with headphones, a microphone, webcam, up-to-date Chrome Web Browser, and access to YouTube. Please review the Indiana Online’s Technology Requirements.

Technical Skills Needed 

Basic technology skills necessary to locate and share information and files as well as interact with others in a Learning Management System (LMS), include the ability to

• download, edit, save, convert, and upload files
• download and install software
• use a messaging service similar to email
• communicate with others in online discussion or message boards, following basic rules of netiquette
• open attachments shared in messages
• create, save, and submit files in commonly used word processing program formats and as a PDF
• save a file as a .pdf
• copy and paste and format text using your mouse, keyboard, or an html editor’s toolbar menu
• insert images or links into a file
• search for information within a document using Ctrl+F or Command+F keyboard shortcuts
• work in multiple browser windows and tabs simultaneously
• activate a microphone or webcam on your device, and record and upload or link audio and/or video files
• use presentation and graphics programs
• follow an online pacing guide or calendar of due dates
• use spell-check, citation editors, and tools commonly provided in word processing tool menus
• create and maintain usernames and passwords

Technical Questions?  Please contact the Indiana Online Helpdesk.