This college level course is divided into two elements – Microeconomics and Macroeconomics. Microeconomics gives students an understanding of the principles of economics that apply to the functions of individual decision makers in the larger economic system. Primary emphasis is placed on the nature of market functions, the study of factor markets and the role of government in promoting greater efficiency and equity in the economy. Macroeconomics gives students a thorough understanding of the principles that apply to an economic system as a whole. Primary emphasis is placed on the study of national income, price determination, economic performance measures, economic growth, and the global economy. This course prepares students to take two National Advanced Placement Examinations in May – one in Microeconomics and one in Macroeconomics. Many colleges award advanced placement, credit, or both, on the basis of these examination results. High school course credit will be awarded upon completion of the Advanced Placement College Board exam associated with the course, and all other assignments through the end of the PCSD school year.