14.01x AP® Microeconomics Course Info
This economics course is an introduction to basic microeconomic principles. You will learn how individuals make decisions ranging from what type of goods to buy to how many hours to work, and how firms make decisions ranging from how many workers to hire to what prices to charge. You will study how to evaluate economic outcomes from the perspective of efficiency and fairness, and discuss the proper role of the government in determining these outcomes.
This course will cover all material that is required for the Microeconomics AP®* exam. It will cover this material through a mix of intuitive explanations, real-world applications, and graphical and mathematical supplements that explore the content in more depth. By the end of the course, not only will you have an understanding of the most important principles of microeconomics, but you’ll be able to use these principles to better understand the workings of the real world around you!
*Advanced Placement and AP are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, these offerings.
Prerequisite
High school algebra
Time Commitment
This course consists of 10 major units (including the introductory Unit 0) and 44 subunits. Each subunit includes a 5 to 7-minute lecture along with practice problems and supplemental videos that cover real-world applications or that go into the math and graphs more deeply. We estimate that each of these subunits can be completed in 20-60 minutes.
Deadlines
This is a self-paced course. The only deadline is that all work for the course must be finished by the course end date: August 27, 2020.
Grading Policy (for Verified Certificate)
The grade for this course is entirely based on your performance on the practice questions included in each subunit. To pass the course, you must successfully answer 80% of these questions. You have up to two attempts to answer each question correctly.