Recommended Prerequisite: Teacher recommendation. AP Economics is a yearlong study of Micro and Macro Economics. The study begins with the production possibilities open to any society. Next, price theory is developed, using traditional supply and demand models. The several market models are studied in some detail: perfect competition, oligopoly, monopoly, monopolistic competition. The market for labor is explored, as is the economics of the environment. The Macro portion of the course begins with national income measurement, the gross national product. Standard growth models are studied to explore the performance of the economy. Monetary policy and fiscal policy are studied, with an attempt at a modern synthesis of the two. The economic concerns of inflation and employment receive attention. Finally, problems of international trade and payments are studied. The course has a summer reading requirement. Grade weighted upon successful completion of course. A Government course must be taken in addition to this course. Also, an online section of Economics AP is available. However, this is only for students who are unable to schedule this course during the school day. Requests to move from the face-to-face class to the online class will not be approved after the deadline for submitting schedule changes for the following school year. Students must speak to their guidance counselor about this.