Michigan Department of Education · Social Studies: Economics · 9–12

Michigan 9–12 Economics Standards & Skills Strand-by-strand reference for the Michigan Social Studies Economics standards (revised 2019), with curated free resources, AP Macroeconomics / Microeconomics coverage, and Troy SD curriculum overlay.

About the Michigan Economics Standards

The 2019 Michigan Social Studies Standards include a dedicated HS Economics section. Course codes use the prefix E for general economics topics. Personal Finance (E4) was added/strengthened in the 2019 revision in response to legislation requiring financial literacy instruction.

Primary source: Michigan HS Economics Standards (PDF)

Economics · Required HS course

📊 MDE Standards Matrix
Domain / Strand MDE Standards Skill / What students learn Free Resources Troy SD Curriculum AP Coverage
E1
The Market Economy

E1.1 Decision-making
E1.2 Markets & competition
E1.3 Supply & demand
E1.4 Government's role
  • Scarcity, opportunity cost, marginal analysis
  • Market structures (perfect competition → monopoly)
  • Supply & demand model; equilibrium
  • Price ceilings/floors; externalities
 Likely McGraw-Hill or Pearson HS Economics text [unverified] AP Microeconomics covers E1 fully + extends to consumer/producer theory and market structures.
E2
The National Economy

E2.1 GDP & econ indicators
E2.2 Inflation & unemployment
E2.3 Monetary policy
E2.4 Fiscal policy
  • GDP, GNP, real vs. nominal
  • CPI & inflation measurement
  • Federal Reserve & monetary tools
  • Government taxation, spending, debt
 Same as above AP Macroeconomics covers E2 fully + extends to AD-AS model, IS-LM (some courses), Phillips curve.
E3
The International Economy

E3.1 Economic systems
E3.2 Trade & comparative advantage
E3.3 Exchange rates
E3.4 Globalization
  • Comparative advantage & gains from trade
  • Tariffs, quotas, trade barriers
  • Exchange rates & balance of payments
  • Effects of globalization
 Same as above AP Macroeconomics: International Trade and Finance unit covers E3.
E4
Personal Finance

E4.1 Decision-making
E4.2 Earning income
E4.3 Credit & saving
E4.4 Investments & insurance
  • Budgeting, opportunity cost in personal decisions
  • Income, taxes, paychecks
  • Credit scores, interest, debt
  • Investing basics, risk & return, insurance
 May be a separate Personal Finance unit/course; Michigan PA 5 of 2022 requires 0.5 credit Not directly covered by AP Macro/Micro — AP Econ courses focus on macroeconomic theory, not personal finance.

AP Economics exams · Troy HS / Athens HS

College Board offers two separate AP economics exams. Many districts (including Troy per public sources) list a single "AP Economics" course — verify with counseling whether it covers Macro, Micro, or both (one per semester is the most common single-year configuration).

AP Exam Typical Grade Prerequisite Content overview At Troy?
AP Macroeconomics 11–12 None formal; Algebra II recommended National income & price determination, financial sector, monetary & fiscal policy, AD-AS, international trade. ✓ Yes (verify Macro vs. Micro)
AP Microeconomics 11–12 None formal Consumer/producer behavior, market structures (perfect competition through monopoly), factor markets, market failure. Likely (verify with counseling)

Troy SD test-out for Economics