History
AP® Microeconomics with Dr. Henry Wend (online)
June 14–July 2, 2021 | 8:30 a.m. to 11:45 a.m.
USM 1/2 history credit; students from other schools are welcome.
Eligible students are entering grades 11–12 and planning to take the AP Microeconomics exam in May 2022. Rising sophomores are eligible to enroll in this class if they earned a grade of A- or higher in World Civilization and with the instructor’s permission.
Course fee: $826 | $926 after April 1, 2021
Includes review sessions prior to the AP exam in May 2022.
Microeconomics is the study of the economic decision-making of individuals and firms. This three-week course serves as both an introduction to the fundamental understandings of economic decision-making, but also as a means to prepare for the Advanced Placement Microeconomics exam that will be administered in May 2021. This course is divided into four units: Basic Economic Concepts, Product Markets, Factor Markets, Market Failure and the Role of Government.
A major component of this class will be modeling economic decision-making by way of a small business simulation. For this, students will develop a business plan to design, launch, and manage a start-up business modeled on an existing local business. Students will need to research their businesses and adapt their strategy using real-time economic data and react to scenarios developed to have them illustrate core microeconomic concepts. At every turn, students will have to show mastery of the fundamental concepts of microeconomics as well as adapt their business plans to new conditions.