AP Microeconomics  (BUS4002A)

Course Description
AP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students' familiarity with the operation of product and factor markets, distribution of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.
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AP Microeconomics gives students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets and includes the study of factor markets and of the role of government in promoting greater efficiency and equity in the economy.

College Course Equivalent
AP Microeconomics is equivalent to a one-semester introductory college course in economics. 

Prerequisites
There are no prerequisites for AP Macroeconomics, however, the majority of students will take AP Macroeconomics 1st semester. Students should be able to read college-level textbooks and possess basic mathematics and graphing skills. 

Illinois Economics Challenge State Finalists