This book, in conjunction with the student activities books for macroeconomics and microeconomics, is designed for teaching the Advanced Placement Economics course. The book contains five units for the microeconomic portion and six units for the macroeconomic portion of the text. Along with the many activities are sample multiple-choice questions, sample short essay questions, and sample long essay questions. The units for the microeconomic section are entitled: (1) "The Basic Economic Problem" (5 lessons); (2) "The Nature and Functions of Markets" (7 lessons); (3) "The Theory of the Firm" (8 lessons); (4) "Factor Markets" (5 lessons); and (5) "The Role of Government" (5 lessons). The units for the macroeconomic section are entitled: (1) "Basic Economic Concepts" (2 lessons); (2)"Measuring Economic Performance" (6 lessons); (3) "Aggregate Demand and Aggregate Supply: Fluctuations of Outputs and Prices" (5 lessons); (4) "Money, Monetary Policy, and Economic Stability" (4 lessons); (5) "Monetary and Fiscal Combinations: Economic Policy in the Real World" (4 lessons); and (6) "The United States in a Global Economy" (5 lessons). (EH)