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The purpose of an AP course in Microeconomics is to provide a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the larger 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.

An introduction to the application of the basic principles of supply and demand to the behavior of individual economic agents such as consumers, households, business and nonprofit firms, industries, and resource owners. Real world examples are used to demonstrate the application of microeconomics to everyday situations, including an analysis of the effects of government policies on individual markets and income distribution. Prerequisites: MAT 117, 120, 140 or 150; or an ACT math standard score of at least 23; or consent of instructor.