AP Economics

Avon Lake City Schools 

Curriculum Framework

AP Economics

Course Overview:

This course is equivalent to introductory college-level macroeconomics and microeconomics courses.  Throughout the course, students will study the principles of Economics that apply to the functions of decision makers, both consumers and producers, within the economic system.  In the first half of the course, areas of concentration will include the national economy, fiscal (government) policy and its effects, monetary (banks) policies and their effects, and international trade. The second half of the course will transition to the roles of consumers, businesses, and the government within our economy and the different types of markets in which businesses compete.

Textbook (Title and Publishing Company): 

Krugman’s Economics for the AP Course, Third Edition, BFW Publishers

Online/Supplemental Materials:

AP Classroom

Assessments: 

Formative Assessments

Summative Assessments

AP Exams

Content/Topics/Learning Goals

Subject to Pacing and Schedules

1st Quarter- 

  • Basic Economic Concepts

  • Supply and Demand

  • Economic Indicators and the Business Cycle

  • National Income and Price Determination

2nd Quarter- 

  • The Financial Sector

  • Long-Run Consequences of Stabilization Policies

  • Consequences of Public Policy for Economic Growth

  • International Trade and Finance

3rd Quarter- 

  • Consumer Choice

  • Profit, Production, and Costs

  • Perfect Competition and Monopoly

  • Imperfect Competition

4th Quarter -  

  • Factor Markets

  • Market Failure and the Role of Government

Last Updated:

September, 2023