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AP Economics Classes

By popular demand Peninsula Academy is offering AP Microeconomics and AP Macroeconomics again for the 2021-2022 academic year.  The classes are designed for students who are interested in economics, finance, and business, and would like to challenge themselves by taking additional AP classes outside of school. The classes are also a great fit for students whose high school do not offer AP economics.

Students who complete all sessions will be prepared to take the AP Macroeconomics and AP Microeconomics exam in May 2022. Students will also have the opportunity to compete in one of the four prestigious economics competitions in spring and early fall of 2022, including National Economics Challenge, Harvard Pre-Collegiate Economics Challenge, Stanford Pre-Collegiate Economics Challenge, and the International Economics Olympiad.

Meet Our High Caliber Tutors 
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Instructor: Trang

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Instructor: Hao

Both classes will be taught by Trang, a veteran AP economics teacher in one of the best public high schools (rated 10 out of 10) in Southern California. Trang received her master's degree in education and teaching certificate from UCLA, and has been teaching various social studies subjects over ten years. She also serves as an AP Macroeconomics Exam Reader for College Board, who evaluates and scores AP free response requestions.

Trang will be assisted by Hao. After his undergraduate study in mathematics at Renmin University in China, Hao went on to earn two master's degrees in economics from Fudan University in China and the University of Chicago, respectively. There will also be several guest speakers, including economics professors from Cornell and Boston University and PhD students in economics from Harvard, MIT and Yale.

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Students are welcome to enroll at any time. For missed classes, students will be able to catch up by watching class recordings and completing assignments. Private tutoring with the instructor is also available. 

Eligibility:

  • Currently enrolled in 9-12th grade

  • Must have completed Algebra 1

Class Schedule:

  • Fall, 15 Weeks: Every Sunday 4-6pm PST, 8/29 to 12/12

  • Spring, 15 Weeks: Every Sunday 4-6pm PST, 1/9 to 4/24

Class Location:

AP Exam Schedule:

  • AP Macroeconomics: 5/5

  • AP Microeconomics: 5/6

Weekly Topics:

AP Microeconomics

  • Week 1: Production Possibilities Model, Economic Growth, Capital Goods and Consumer Goods, Absolute/Comparative Advantage, Terms of Trade

  • Week 2: Demand and supply, Income effect and substitution effect, shifts of supply and demand curves, double shifts

  • Week 3: Labor force and unemployment, CPI and inflation

  • Week 4: Gross Domestic Product and Circular Flow: Measurement, Real GDP vs. Nominal GDP.

  • Week 5: Aggregate demand and aggregate supply, long run and short run, business cycles.

  • Week 6: AD/AS model and the Philips curve.

  • Week 7: Tax and Federal Budget: Tax structure, Exemption, Deduction and Tax Credit, Deficit and Surplus

  • Week 8: Sticky prices and wages, Keynesian theory, Fiscal Policies, Stagflation, MPC and MPS, Supply-side Economics

  • Week 9: Functions of money, Measures of money supply, Financial institutions, Time value of money, Present value vs. Future value

  • Week 10: Federal Reserve System, Monetary Policy, Banks and Money Creation, The Money Multiplier and Money Supply

  • Week 11: Interest rates, money supply, money demand; shifts in money demand and money supply; loanable funds market, crowding out. 

  • Week 12: Problems in fiscal policies and monetary policies, the velocity of money, the effectiveness of monetary policies (Classical Theory, Monetarism and Rational Expectation Theory)

  • Week 13: Free Trade, Protectionism and Trade Barriers, Balance of Payments, Foreign Exchange(FOREX) Market, Exchange Rates and FOREX Shifters.

  • Week 14: Capital/Financial Account, the Flow of Financial Capital, Purchasing Power Parity, Fixed Exchange Rate, Exchange Market Intervention.

  • Week 15: Economic Growth, Productivity, Increased Capital Growth, Policies to Promote Economic Growth

AP Macroeconomics

  • Week 1: Economic Indicators: An Economy’s Circular Flow, Gross Domestic Product, Unemployment

  • Week 2: Economic Indicators: Inflation, Consumer Price Index, Nominal vs. Real Interest Rates, Who is Hurt/Helped by Unanticipated Inflation

  • Week 3: Business Cycles: Aggregate Model, Determinants, Short-run and Long-run Equilibrium

  • Week 4: Phillips Curve: Inflation and Unemployment, Demand-Pull Inflation, Cost-Push Inflation, Relationship to Aggregate Model

  • Week 5: Tax Structures, Tax System in the U.S., Federal Budget, and the National Debt

  • Week 6: Fiscal Policy: Keynesian Theory, Automatic Stabilizers, Expansion vs. Contractionary Fiscal Policy, Multipliers

  • Week 7: Financial Markets: Types and Functions of Money, Financial Assets, Time Value of Money

  • Week 8: The Federal Reserve and Tools of Monetary Policy: Banking and the Expansion of the Money Supply, Required Reserve, Federal Funds Rate and Open Market Operations, and the Discount Rate

  • Week 9: Money Market and Loanable Funds Models: Slope, Determinants, and Equilibrium

  • Week 10: Stabilization Policy Mix, Classical Theory, Keynesian Theory, Monetarism, Rational Expectations Theory.

  • Week 11: International Trade: Free Trade vs Protectionism, Production Possibilities Model, Terms of Trade

  • Week 12: International Trade: Balance of Payments, the Foreign Exchange Market

  • Week 13: International Trade: Real Interest Rates and International Capital Flows, Flexible vs. Fixed Interest Rates

  • Week 14: Economic Growth: Production Possibilities Model, Aggregate Model, Public Policy

  • Week 15: AP Microelectronics and AP Macroeconomics review and exam coaching

Class Recordings Available Here

Want to learn from our community of high caliber tutors and counselors? If you would like to speak with our office about enrollment in our AP economics courses, please contact us via any of the following: