Course Syllabus

2022 - 2023 AP Microeconomics - Syllabus

Course Description

AP Econ is a fast-paced college-level course that focuses on the decision-making of individuals, businesses, and the government. Students will study a variety of economic theories and analyze their practical application in the real world.

This yearlong course will cover both microeconomics and macroeconomics. Micro focuses on the supply and demand for products, the labour markets, and the role competition plays in a free market system. Macro focuses on the economy as a whole, including economic measures, economic growth, fiscal policy, monetary policy, and international economics. 

This class will prepare you for college and potentially allow you to earn university credits upon passing both AP exams. Extensive math skills are not required; however, the ability to analyze graphs and charts is essential.

Course Objectives

  1. Students will be able to apply ECONOMIC ANALYSIS to a variety of real-world situations to improve their personal and civic decision-making skills.
  2. Students will prepare for their future educational and career goals by meeting COLLEGE-LEVEL EXPECTATIONS and practicing skills for life-long success.

Microeconomics Big Ideas

BIG IDEA 1: SCARCITY AND MARKETS (MKT)
Limited resources and unlimited wants result in the need to make choices.
In a market economy, the choices of buyers and sellers determine market
prices and the allocation of scarce resources.


BIG IDEA 2: COSTS, BENEFITS, AND MARGINAL ANALYSIS (CBA)
There are trade-offs associated with any decision. Making optimal decisions
requires evaluating the additional costs and benefits of possible actions.


BIG IDEA 3: PRODUCTION CHOICES AND BEHAVIOR (PRD)
Firms seek to minimize costs and maximize profits, which influences their
production decisions in the short run and long run.


BIG IDEA 4: MARKET INEFFICIENCY AND PUBLIC POLICY (POL)
Private markets can fail to allocate resources efficiently, and well-designed
public policy can endeavour to promote greater efficiency and equity in
the economy.

Course Topics and Schedule

  • Unit 1: Basic Economic Concepts (Sept ~ 6 class periods)
  • Unit 2: Supply and Demand (Sept-Oct ~ 8 class periods)
  • Unit 3: Production, Cost, and the Perfect Competition Model (Oct ~ 8 class periods)
  • Unit 4: Imperfect Competition (Nov ~ 5 class periods)
  • Unit 5: Factor Markets (Nov-Dec ~ 5 class periods)
  • Unit 6: Market Failure and the Role of Government (Jan~ 6 class periods)

Click here for further details and sub-topics

Assessment and Weighting

A student's final mark will be determined by evaluation of their ability to demonstrate proficiency in these skills and learning these concepts.

Course Skills

AP Econ Course Skills.jpg

 

Course Content:

  • Unit 1: Basic Economic Concepts (~14%)
  • Unit 2: Supply and Demand (~22%)
  • Unit 3: Production, Cost, and the Perfect Competition Model (~24%)
  • Unit 4: Imperfect Competition (~18%)
  • Unit 5: Factor Markets (~12%)
  • Unit 6: Market Failure and the Role of Government (~10%)


Course Expectations

St. George’s School expects all students at the Senior School to be interested and motivated in achieving their personal best while at the School. We expect students will be engaged in their endeavours, responsible for their studies, classmates and teachers, and demonstrate integrity in their pursuit of learning.

Submitting work

Students in this course are expected to complete work assignments on the date assigned and to submit their work on Canvas.

If circumstances prevent the student from completing a work assignment on the assigned due date, the student must inform the teacher prior to the due date for the work assignment. The teacher will provide a second due date through 5th block system. 

Learning Resources

  •  In addition to the textbook, all additional learning resources will be provided through Canvas within each module.

St. George's School Student Code of Conduct

St. George’s School shares a proud tradition as a learning community committed to both academic excellence and character development. We strive for growth within our personal lives while maintaining respect for and contributions to the broader community.

The purpose of the Student Code of Conduct is to ensure that

  1. A safe, caring, and productive teaching and learning environment exists.
  2. We maintain appropriate balances among individual and collective interests and responsibilities.
  3. There is clarity around standards and expected student behaviour at school, in the community, and online through social media.
  4. We encourage and practice environmental stewardship.

The core values which provide the foundation for the Student Code of Conduct are:

  • Empathy
  • Humility
  • Integrity
  • Respect
  • Responsibility
  • Resilience

Conduct Expectations

  1. I commit myself to strive for honourable behaviour in my daily life, according to the standards as set forth by the School. I will try to be faithful to my parents, my School, my friends, and myself.
  2. I will avoid bringing any ill-repute to the School at any time, including evenings, weekends, or over any school break or holiday.
  3. I will comply with all school policies as they relate to upholding the standard of excellence of St. George’s School at all times.
  4. I understand, accept, and will respect all of my school-related commitments and responsibilities.
    • I will arrive to school on time and attend all classes, assemblies, practices, rehearsals, and field trips as outlined by my teachers.
    • I will obtain necessary permission to leave class or school.
  5. I will take pride in my personal appearance.
    • I will be dressed appropriately at all times for all events as outlined by the School.
    • I will abide by the grooming rules as outlined in the Standards of Dress and Appearance section and always observe the accepted standards of personal hygiene.
  6. I will behave in a way that always brings credit to the School, with integrity, empathy, respect, and humility.
    • I recognize that the taking of tests and exams requires an exemplary standard of honesty and will not misrepresent myself by cheating, copying, or plagiarizing.
    • I recognize that integrity is a clear expectation and that borrowing of possessions of others without their consent is stealing.
    • I will care for all property, whether it is public or a peer’s personal possessions.
    • I will avoid disruptive behaviour at all times, and will strive to treat all others with great respect.
    • I will adhere to the School’s policies regarding the appropriate use of technology, including online communication, electronic devices, and the internet.
    • I will avoid any possession, use, or distribution of alcohol, cigarettes, e-cigarettes, cannabis and illicit drugs or related paraphernalia, weapons, replica weapons, or any other dangerous or illegal items or substances.
  7. I will demonstrate responsible use and protection of the natural environment through conservation and sustainable practices.

Academic Integrity

Academic Integrity means honesty and responsibility in scholarship. It is the commitment and obligation of all students, faculty, parents/guardians, and administration to ensure that all academic work stems from the student’s own efforts. Academic Dishonesty erodes the ethical climate of honesty, respect, responsibility, fairness, and trust in our school community. At St. George's School, Academic Dishonesty to any degree is not acceptable. In addition to any other consequence, students found to have engaged in Academic Dishonesty shall not receive a mark for work that is the result of Academic Dishonesty.

Academic Dishonesty includes any conduct with the intent to gain an unfair advantage in connection with an academic assessment. Academic Dishonesty can occur in many ways. Common forms of Academic Dishonesty include, but are not limited to, cheating, falsification, plagiarism, and tampering.

  • Cheating occurs when an individual undermines the integrity of an assessment (including homework and other assignments, reports, projects, quizzes, tests, exams, or other forms of performance evaluations). Examples of cheating include:
    • Copying any part of an assessment;
    • Allowing others to copy any part of an assessment;
    • Improperly giving or receiving assessment information;
    • Using unauthorized resources for or during an assessment;
    • Submission of the same assessment more than once; and/or
    • Skipping classes to avoid an assessment.
  • Falsification: occurs when an individual has changed information in order to make one believe something that is not true. Examples of falsification include: 
    • Falsifying research findings, whether in laboratory experiments, field trip exercises, or other assignments;
    • Alteration or falsification of academic reports or other academic records for any purpose;
    • Submission of false credentials;
    • Making false representation on an application for admission; and/or
    • Requesting the extension of a deadline or delaying the taking or sitting of an assessment citing reasons known to be false, including submitting false documentation supporting that request.
  • Plagiarism: occurs when an individual submits or presents the work and/or idea of another person as his or her own, in essence lying. This includes the copying of images, sound, video, and other forms of intellectual property. Examples of plagiarism include:
    • Lack of recognition given to the original author for phrases, sentences, and ideas of the author incorporated in a paper or project; and/or
    • A portion of a document is copied from an author, or composed by another person, and presented as original work of the student.
  • Tampering occurs when individual has interfered with information for the purpose of academic gain. Examples of tampering include:
    • Unauthorized access to, use of, or alteration of computer data and information;
    • Gaining academic advantage by using technology that inhibits the use of the resources by others;
    • Damage to or destruction of library or laboratory resources; and/or
    • Willful or negligent damage to the academic work of a fellow student and/or teacher.

Academic Supports

There are a variety of academic supports available at St. George’s for students. Students are encouraged to take advantage of the range of supports available to them which include:

  • Faculty support
  • 5th Block
  • Head of Grade
  • Student Success Centre
  • Personal Counselling

Bullying

St. George’s School does not tolerate bullying. Students are prohibited from bullying.

Bullying is conduct that is unwelcome to others, including other students and faculty members. This includes conduct which a reasonable person knows, or ought reasonably to know, is unwelcome to the recipient. Unwanted physical contact, verbal abuse and threats, unwelcome remarks including jokes, innuendo, or taunting (in verbal, written or digital form) about a person’s body, race, gender, attire, (perceived) sexual orientation, or religion are all forms of bullying. Other examples of bullying may include but are not limited to:

  • Physical violence such as hitting, pushing or spitting at another student;
  • Interfering with another student’s property, such as by stealing, hiding, or damaging it;
  • Using offensive names when addressing another student;
  • Teasing or spreading rumours about another student or their family;
  • Belittling another student’s abilities and achievements;
  • Writing offensive notes or graffiti about another student;
  • Unreasonably excluding another student from a group activity;
  • Ridiculing another student’s appearance, way of speaking or mannerisms; and/or
  • Misusing technology (internet or mobiles) to hurt, intimidate, embarrass, or humiliate another person.

Anyone who is the target of bullies is encouraged to report the bullying and not to suffer in silence. Speaking out and reporting bullying ensures the School can appropriately address the bullying and may help prevent other students from future bullying.

Students are required to:

  • Refrain from engaging in any kind of bullying;
  • Intervene to help support any student who is being bullied, unless it is unsafe to do so; and
  • Report to a member of faculty, staff, or administration any witnessed or suspected instances of bullying.

Contacting Me

As the teacher for this course, I can be contacted in the following ways:

  • Name: Mr. Vidic 
  • Office: 110C
  • Email: vvidic@stgeorges.bc.ca
  • Phone: 604.224.1304

Please email or call to set up an appointment. 

 

Course Summary:

Date Details Due