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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.

This is a fundamental course in economic principles as they relate to supply, demand, and the market system. Concepts covering consumer choice, distribution of income, and resource markets are presented. Emphasis is given to production, cost, and pricing relationships of the basic market structures. Global economic subjects include trade policies and trade agreements.