Principles of Microeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® microeconomics course and is listed on the College Board’s AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts.
The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Table of Contents
Chapter 1. Welcome to Economics!
Chapter 2. Choice in a World of Scarcity
Chapter 3. Demand and Supply
Chapter 4. Labor and Financial Markets
Chapter 5. Elasticity
Chapter 6. Consumer Choices
Chapter 7. Production, Costs and Industry Structure
Chapter 8. Perfect Competition
Chapter 9. Monopoly
Chapter 10. Monopolistic Competition and Oligopoly
Chapter 11. Monopoly and Antitrust Policy
Chapter 12. Environmental Protection and Negative Externalities
Chapter 13. Positive Externalities and Public Goods
Chapter 14. Poverty and Economic Inequality
Chapter 15. Labor Markets and Income
Chapter 16. Information, Risk, and Insurance
Chapter 17. Financial Markets
Chapter 18. Public Economy
Chapter 19. International Trade
Chapter 20. Globalization and Protectionism
Appendix A. The Use of Mathematics in Principles of Economics*
Appendix B. Indifference Curves*
Appendix C. Present Discounted Value*
