AP Microeconomics

AP Microeconomics introduces students to the foundational principles that govern individual economic decision-making. The course explores how consumers and firms respond to scarcity, how markets operate under different competitive structures, and how prices, production, and resource allocation are determined. Students also examine market failures, the role of government, and the behavior of factor markets. Through analytical models, graphs, and real-world applications, learners develop a strong understanding of efficiency, equity, and economic outcomes.