In this course, students explore the power of marginal thinking from a biblical perspective and apply it to common decisions that individuals and business firms encounter each day. Students examine, interpret, analyze, and model key microeconomics concepts and processes, from the shifting supply and demand of familiar products to the model of the labor market and how wages are determined. Students learn that God calls us to live by a different “market system” in which a biblical worldview guides our decisions to ensure our choices honor God and bless others. They learn how biblical principles are critical for governments to regulate both monopolies and competitive market forces responsibly. Students explore the biblical perspective on labor relations, immigration, resource allocation, among other economic topics. In the long run, taking AP® Microeconomics will develop the critical thinking and analytical skills that empower students for a lifetime. As students participate in these activities, they will become better consumers in the real world, as they use their resources for God’s glory and t he good of others.
Algebra 1 recommended
Recommended Grade Level(s):
- College Board
- National Collegiate Athletic Association (NCAA®)
- University of California (UC)
Course Types Available:
• ½ credit – 1st or 2nd semester only (6 weeks minimum / 6 months maximum)
• No honors available
• No credit recovery available
• No pretest (placement test) available
Biblical Integration Information:
Human beings are created in the image of God and are ultimately accountable to him (Genesis 1:26–28). As such, they were created to be faithful stewards of God’s good creation, allocating resources to others for their benefit and glorifying the Creator. This remains true even after the fall.
Adam and Eve’s original disobedience results not only in human sinfulness and death (Romans 5:12–21) but also specific acts of economic sin: e.g., greed (e.g., Jeremiah 6:13), deceitful manipulation of weights and measures (e.g., Micah 6:9–12), and taking advantage of the poor and needy (e.g., Malachi 3:5). Classical and Keynesian theories of economics tend to overlook these realities; the former assumes that people are generally good by nature, while the latter assumes that the solution to generally evil populations is their governance by essentially good leaders. God’s Word, on the other hand, declares,
“‘There is no one righteous, not even one’ . . . for all have sinned and fall short of the glory of God” (Romans 3:10, 23).
As people are transformed by the redemptive power of the gospel and the life-changing truths of Scripture, they should seek love and economic justice (Deuteronomy 15:1–18; Matthew 22:34–40; James 2:1–9). This includes providing for the poor (Leviticus 19:9–10; Deuteronomy 24:19–21), stewarding resources wisely (Matthew 25:14–30), and developing the spiritual fruit of forbearance (Galatians 5:22).
• notebook or graph paper
• writing utensils
• scanner or camera to submit photos/images of finished work
• optional: calculator
* Common household items, and access to research materials as well as word processing and presentation software, may be required for the completion of lab activities and/or other assignments. See course for details.