Richard Beaton   Course Title: AP Economics Section: 468-1 Objectives: AP Economics at Shorecrest incorporates AP Microeconomics and AP Macroeconomics into one, full-year course. First semester concentrates on microeconomic topics including the following: scarcity and opportunity cost; demand and supply basics; utility maximization; cost analysis and the theory of the firm; product market organiziation; factor markets; and the government's role in the microeconomy. Second semester develops macroeconomic topics including the measurement of inflation, unemployment, and GDP; aggregate demand and aggregate supply; Classical vs Keynesian approaches to economic analysis; fiscal and monetary policy; and international trade and the role of currency exchange markets. Methods: The course uses a mix of lecture, question and answer, and a considerable amount of graphing -- much of which is done by students for students.