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Market failure and the role of government

Usually, material on international economics is introduced at the end of Microeconomics courses and texts, when little time is left for complete and thorough coverage. This tendency may be the source of trouble many students sometimes have with international questions on the AP Exam.

A major strength and appeal of economics is that most of its fundamental concepts—such as elasticity, marginal analysis, opportunity cost, and the supply-and-demand framework—can be applied in both international and domestic contexts. I am not suggesting that more material be included in the course, but that concepts presented early in the course include examples with an international focus, either in class or as part of homework or other out-of-class assignments