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AP Microeconomics
8 sections available · 36 chapters available
Free AP Microeconomics study notes for AP (Advanced Placement) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Course Content
Unit 1: Basic Economic Concepts
1.1 Scarcity
1.2 Resource Allocation and Economic Systems
1.3 Production Possibilities Curve
1.4 Comparative Advantage and Trade
1.5 Cost-Benefit Analysis
1.6 Marginal Analysis and Consumer Choice
Unit 2: Supply, Demand, and Elasticity
2.1 Demand
2.2 Supply
2.3 Price Elasticity of Demand
2.4 Price Elasticity of Supply
2.5 Other Elasticities
Unit 2: Equilibrium, Government Intervention, and Trade
2.6 Market Equilibrium and Consumer and Producer Surplus
2.7 Market Disequilibrium and Changes in Equilibrium
2.8 The Effects of Government Intervention in Markets
2.9 International Trade and Public Policy
Unit 3: Production, Cost, and the Perfect Competition Model
3.1 The Production Function
3.2 Short-Run Production Costs
3.3 Long-Run Production Costs
3.4 Types of Profit
3.5 Profit Maximization
3.6 Firms' Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
3.7 Perfect Competition
Unit 4: Imperfect Competition
4.1 Introduction to Imperfectly Competitive Markets
4.2 Monopoly
4.3 Price Discrimination
4.4 Monopolistic Competition
4.5 Oligopoly and Game Theory
Unit 5: Factor Markets
5.1 Introduction to Factor Markets
5.2 Changes in Factor Demand and Factor Supply
5.3 Profit-Maximizing Behavior in Perfectly Competitive Factor Markets
5.4 Monopsonistic Markets
Unit 6: Market Failure and the Role of Government
6.1 Socially Efficient and Inefficient Market Outcomes
6.2 Externalities
6.3 Public and Private Goods
6.4 The Effects of Government Intervention in Different Market Structures
6.5 Inequality
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