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Students will learn why the same product costs different amounts at different stores, in different cities, at different times. They'll also learn to spot patterns in economic behavior and how to use those patterns to explain buyer and seller behavior under various conditions. Microeconomics studies the economic way of thinking, understanding the nature and function of markets, the role of scarcity and competition, the influence of factors such as interest rates on business decisions, and the role of government in promoting a healthy economy. The equivalent of a 100-level college course, AP Microeconomics prepares students for the AP exam and for further study in business, history, and political science.  \nThis course has been authorized by the College Board® to use the AP designation.  \n*Advanced Placement® and AP® are registered trademarks and/or owned by the College Board, which was not involved in the production of, and does not endorse this product.  \nLength: One semester  \nUNIT 1: WHAT IS ECONOMICS?  \nLESSON 1: WHAT IS ECONOMICS?  \nPractice: Introducing Microeconomics  \nGo over the format and goals of the course. See how to succeed in the course and what to expect on the AP exam.  \nDuration: 0 hrs 30 mins  \nDiscuss: Why Study Economics?  \nBefore exploring the details of microeconomics, discuss your definition of economics and reasons for studying it with your classmates.  \nDuration: 0 hrs 30 mins Scoring: 10 points  \nStudy: Introduction to Economics  \nExplore the basics of economics, including goods, services, markets, and a fundamental concept of economics: scarcity.  \nDuration: 1 hr 15 mins  \nDiscuss: Scarcity and Value  \nDiscuss concepts of scarcity and value.  \nDuration: 0 hrs 30 mins Scoring: 10 points  \nStudy: Economic Tools: Graphs and Equations  \nReview basic concepts about graphs, equations, slopes and intercepts and see how to apply these skills as you work with income graphs and formulas.  \nDuration: 1 hr  \nStudy: Economic Systems  \nExamine the major questions each economic society faces and explore the different ways traditional, command, and mixed economies answer these questions.  \nDuration: 1 hr 15 mins  \nQuiz: Wrap-Up  \nAnswer questions to assess your understanding of the content.  \nDuration: 0 hrs 45 mins Scoring: 20 points  \nLESSON 2: WRAP-UP  \nAP Microeconomics *  \nCopyright © 2017 Apex Learning Inc . Apex Learning® and the Apex Learning logo are registered trademarks of Apex Learning Inc . 1 of 13  \nReview: What Is Economics?  \nReview your studies of basic economic terms.  \nDuration: 2 hrs  \nPractice: What is Economics?  \nUsing common economic terms, complete a crossword puzzle.  \nDuration: 0 hrs 30 mins  \nDiscuss: Cram Session  \nDiscuss economic terms and other areas about which you are unclear.  \nDuration: 0 hrs 30 mins Scoring: 10 points  \nTest (CS): What Is Economics?  \nDuration: 0 hrs 40 mins Scoring: 90 points  \nTest (TS): What Is Economics?  \nDuration: 0 hrs 20 mins Scoring: 45 points  \nLESSON 3 : DIAGNOSTIC  \nDiagnostic: What Is Economics?  \nTest your understanding of the key concepts covered.  \nDuration: 0 hrs 45 mins Scoring: 26 points  \nUNIT 2: BASIC ECONOMIC CONCEPTS  \nLESSON 1 : COSTS, BENEFITS, AND PPF  \nStudy: Costs and Benefits  \nExamine definitions of costs and benefits and the idea of self-interest. Analyze decision alternatives by considering the opportunity costs.  \nDuration: 1 hr 15 mins  \nDiscuss: Weighing Costs and Benefits  \nDiscuss how you would weigh costs and benefits in various situations.  \nDuration: 0 hrs 30 mins Scoring: 10 points  \nStudy: Production Possibilities Frontier  \nSee how economists use a Production Possibilities Frontier ( PPF) graph to analyze the opportunity costs of a decision.  \nDuration: 1 hr 30 mins  \nBrain builder: Investigate the PPF  \nInvestigate the PPF curve and factors that affect ","cbCaioeN99cPA2Q5","https://ap.wps.com/l/cbCaioeN99cPA2Q5","pdf",98203,13,"English","# Unit 1: What Is Economics?\n## Lesson 1: What Is Economics?\n## Lesson 2: Wrap-Up\n## Lesson 3: Diagnostic\n# Unit 2: Basic Economic Concepts\n## Lesson 1: Costs, Benefits, and PPF\n## Lesson 2: Production and Trade\n## Lesson 3: The Scientific Tools of Economics","[{\"question\":\"What topics does AP Microeconomics cover in Unit 1?\",\"answer\":\"Unit 1 introduces the definition of economics, economic tools such as graphs and equations, scarcity and value, and economic systems, reinforced through practices, quizzes, and wrap-up reviews.\"},{\"question\":\"How are costs and benefits addressed in the PPF lesson?\",\"answer\":\"Students learn definitions of costs and benefits, the role of self-interest, and opportunity cost analysis to evaluate decision alternatives using a Production Possibilities Frontier graph.\"},{\"question\":\"What economic ideas are taught in the production and trade lesson?\",\"answer\":\"The course examines specialization and trade and uses absolute and comparative advantage to assess producers’ ability to produce goods, including applications to both individual and national production.\"}]","AP Microeconomics - Unit and Lesson Overview | PDF",1790739652,33]