Social Studies
Preparing for AP Microeconomics
In this 10-week course, students will learn the foundation of economics needed to succeed in AP Microeconomics
There are no upcoming classes.
45 minutes
per class
Twice per week
over 10 weeks
15-18
year olds
2-10
learners per class
How does a “Multi-Day” course work?
Meets multiple times at scheduled times
Live video chats, recorded and monitored for safety and quality
Discussions via classroom forum and private messages with the teacher
Great for engaging projects and interacting with diverse classmates from other states and countries
How Outschool Works
There are no open spots for this class.
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Description
Class Experience
This class is taught in English.
Students will learn the definition of economics, the difference between micro and macroeconomics, scarcity and choices, the production possibilities curve, how to calculate opportunity costs and evaluate comparative advantage in trade, cost-benefit and marginal analysis, supply and demand and factors that shift both curves, how to calculate price elasticities using the mid-point formula, market equilibrium and efficiency, how to calculate consumer and producer surpluses and how taxes affect efficiency, how to evaluate the effects of price floor and price ceilings, the production function, costs in short run and long run, economies of scale, profit maximization rules and how to evaluate price and quantity under perfect competition, profit maximization rules and how to evaluate price and quantity under imperfect competition (monopolies, oligopolies and monopolistic competition), international trade and finally market failures and externalities and the role of government.
Exercises will be assigned weekly and reviewed the next class. Learners are expected to review assigned audios and videos.
In addition to the Outschool classroom, this class uses:
Exercises will be graded to assess mastery of subject
1 hour 30 minutes per week in class, and an estimated 0 - 1 hours per week outside of class.
The Econ lowdown literacy program of the Federal Reserve Bank of St Louis
Teacher
About Me
I have been teaching macro and microeconomics for the past 10 years in different community colleges and vocational schools. I am also a private economics tutor for college and high school students (AP economics). I have a master's degree in...