APEconomics授课进度.docxVIP

AP Economics 授课进度 Jackelyn 50小时 （Microeconomics + Macroeconomics） 第一次课Microeconomics: Basic Economic Concepts: Scarcity, choice and opportunity cost Production Possibilities Curve Comparative Advantage, Absolute Advantage, specialization and trade Economic Systems Property rights and the role of incentives Marginal Analysis第二次课The nature and functions of product markets Supply and Demand Market Equilibrium Determinants of Supply and Demand Price and quantity controls Elasticity Price, Income and Cross-Price Elasticities of Demand Price elasticity of supply Consumer surplus, producer surplus and allocative efficiency Tax incidence and deadweight loss 第三次课Theory of Consumer Choice Total utility and marginal utility Utility maximization: equalizing marginal utility per dollar Individual and market demand curves Income and substitution effects Production and costs Production functions: short and long run Marginal product and diminishing returns Short run costs Long run costs and economies of scale Cost minimizing input combination and productive efficiency第四次课Firm behavior and market structure Profit Accounting versus economic profits Normal profit Profit maximization: MR=MC rule第五次课Perfect competition Profit maximization Short-run supply and shut down decision Behavior of the firms and markets in the short run and in the long run Efficiency and perfect competition第六次课Monopoly Sources of market power Profit maximization Inefficiency of monopoly Price discrimination Natural monopoly第七次课Oligopoly Interdependence, collusion and cartels Game theory and strategic behavior Dominant strategy Nash equilibrium第八次课Monopolistic competition Product differentiation and role of advertising Profit maximization Short-run and long-run equilibrium Excess capacity and inefficiency第九次课Factor markets Derived factor demand Marginal revenue product Hiring decisions in the markets for labor and capital Market distribution of income第十次课Market failure and the role of