Course Description:
In AP Microeconomics, students will learn the practical workings of the economy. Students will gain further understanding of consumer behavior and how businesses make decisions. There is no formal prerequisite for microeconomics. A student does not have to have a strong mathematical background; however, a student should have an inquisitive mind and some basic mathematical understanding in the area of balancing equations and order of operations.
Prerequisite:
Teacher recommendation from a US History or math teacher is recommended. Extensive math skills are not required; however, students must learn to use graphs, charts, and data to analyze, describe, and explain economic concepts. In order for a student to be successful in this class, he/she should possess these specific skills: ability to critically analyze graphs; ability to take notes and move rapidly through material; ability to work independently outside of class with disciplined work habits.
Relevant Careers:
People who study microeconomics are often employed by large companies to help them assess the supply and demand in the market, or to understand the various costs of business in order to set prices or allocate resources. With their knowledge of principles like supply and demand, market failure, or opportunity costs, microeconomists can be helpful to understand and optimize the workings of a large, complicated business. In short, if you have the drive to be a business leader, microeconomics is a crucial course for your future. Relevant careers include:
- Financial risk analyst.
- Banking.
- Insurance.
- Data analyst.
- Financial planner.
- Accountant.
- Economic researcher.
- Financial consultant.
- Investment analyst.