AP Microeconomics
Explore the choices of consumers, firms, and markets. Choose a topic to get started.
36 topics · 3,600 questions · Organized by unit
01 Basic Economic Concepts
6 topicsScarcity
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Resource Allocation and Economic Systems
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Production Possibilities Curve
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Comparative Advantage and Trade
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Cost-Benefit Analysis
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Marginal Analysis and Consumer Choice
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02 Supply and Demand
9 topicsDemand
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Supply
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Price Elasticity of Demand
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Price Elasticity of Supply
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Other Elasticities
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Market Equilibrium and Consumer and Producer Surplus
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Market Disequilibrium and Changes in Equilibrium
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The Effects of Government Intervention in Markets
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International Trade and Public Policy
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03 Production, Cost, and the Perfect Competition Model
7 topicsThe Production Function
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Short-Run Production Costs
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Long-Run Production Costs
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Types of Profit
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Profit Maximization
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Short-Run Production and Long-Run Entry and Exit
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Perfect Competition
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04 Imperfect Competition
5 topicsIntroduction to Imperfectly Competitive Markets
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Monopoly
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Price Discrimination
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Monopolistic Competition
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Oligopoly and Game Theory
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05 Factor Markets
4 topicsIntroduction to Factor Markets
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Changes in Factor Demand and Factor Supply
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Profit-Maximizing Behavior in Perfectly Competitive Factor Markets
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Monopsonistic Markets
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06 Market Failure and the Role of Government
5 topicsSocially Efficient and Inefficient Market Outcomes
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Externalities
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Public and Private Goods
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The Effects of Government Intervention in Different Market Structures
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Inequality
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