Microeconomics

Master Teacher: Sandra Miller
Duration: One-semester course offered in the fall (16 weeks)
Suggested High School Credit Value: 0.5 credits.
Suggested Grade Level: 10th grade level and up.
Tuition: $494 for HSLDA Members / $549 for non-members

Description: AP Microeconomics is separated into four units. Students are taught the basic vocabulary of economics (scarcity, comparative advantage, opportunity costs, etc). and key concepts like supply and demand, which is especially important in a free market system. Students discuss income inequality and poverty, and are challenged to employ a biblical perspective in economic decision making. Students also consider the government’s role in the economy, such as in healthcare, school choice, and environmental concerns.

Watch a sample clip of an Academy live class session.

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Live Online Class Session Schedule

Dates:  August 19, 2024 - December 13, 2024

Frequently Asked Questions

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• Students Will Learn

  • How to demonstrate the economic way of thinking
  • How to understand both product and factor markets
  • How to analyze markets using graphical tools
  • How to articulate the effects of government intervention in the marketplace
  • How to understand market failure
  • How to analyze the marketplace from a biblical worldview

• How much homework is in Microeconomics?

  We estimate that the course workload will take 10+ hours per week. During a typical week in, students complete the following coursework:

  • 60–90 minutes of live class instruction
  • Video lecture (10–20 minutes)
  • 1–2 chapters textbook reading (20–30 pages per chapter)
  • Discussion forum (one post and one reply)
  • Grading workshop assignments (from the textbook)
  • Quiz

  Throughout the semester, students complete a midterm and final exam. Students also submit weekly critical thinking exercises, which have proven successful in preparing for the AP exam.

• What books will I use in Microeconomics?

  The official AP^® Microeconomics Booklist is now available. In the official booklist, you will find information about the editions, book descriptions, and ISBN numbers.

  You can order course materials for competitive prices through the Christianbook.com bookstore. Use the Textbook Finder to locate the required resources for your courses. Please note that while most books are available through Christianbook.com, some titles are not carried and will need to be purchased elsewhere.

• Am I ready to take Microeconomics?

  This is a rigorous, college-level course. HSLDA Online Academy recommends that students have a strong background in mathematics in order to succeed in AP^® Microeconomics. Students taking AP^® Microeconomics should either be currently enrolled in or have previously completed Algebra 2 or an equivalent course. 
  
  Please visit the College Board page about AP^® Microeconomics for more information about the material and skills students will study in the course and will need to master for the AP^® exam in this subject.

  Still have questions about whether you are ready for an AP^® course? Please visit our Academic Readiness page for more information.

• What is a Live Online Class Session in Microeconomics?

  In every Academy course, students meet weekly with their instructor and classmates in an online classroom for additional teaching, discussion, Q&A, or group activities. The class sessions are interactive and are conducted using a web meeting software with video, audio, chat, and application sharing capabilities.
  
  Scheduled, real-time sessions in the online classroom are not the only form of instruction available in an Academy course, but are offered in addition to lectures or other instructional materials that students are able to access online at their convenience.
  
  When they register, students will need to select a particular class section and live class meeting time. Additional class sections may be added to the schedule at a later point in the course registration period. Registered students will be notified of any changes to the live session schedule.
  
  If you have any questions about class sections, schedules, or registration, please contact the Academy Staff.

• What if I have a schedule conflict with listed Microeconomics class times?

  All live class sessions are recorded for later viewing. While it is recommended that students attend each live class session, students can make arrangements with their instructors to watch the recordings and receive full participation credit.
  
  Students should contact their instructor at the start of their course to inform the instructor of any foreseen schedule conflicts.