Microeconomics provides a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the larger economic system. These consumers and producers include households, business firms, government and community organizations. The course places primary emphasis on the nature and functions of product markets, and includes the study of factor markets and the role of government in promoting greater efficiency and equity in the economy.
Students who enroll in AP courses must take the end-of-course AP exam. The cost of these exams is paid by ACPS.