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AP Microeconomics

6 units · 21 topics · 644 lessons · Exam: May

How individuals and firms make choices: supply and demand, elasticity, market structures, factor markets, and market failure.

Start: Scarcity and Opportunity Cost Find a tutor Exam Sprint
  1. 1Basic Economic Concepts
  2. 2Supply and Demand
  3. 3Production, Cost, and the Perfect Competition Model
  4. 4Imperfect Competition
  5. 5Factor Markets
  6. 6Market Failure and the Role of Government
Course pathAll videos
1

Basic Economic Concepts

Scarcity, economic systems, trade, and marginal thinking.

  1. 1Scarcity and Opportunity CostUp next18 lessons
  2. 2Economic Systems and Comparative AdvantageCoverage growing
  3. 3Marginal Analysis and Utility45 lessons
2

Supply and Demand

Markets, elasticity, surplus, and government intervention.

  1. 1Shifts in Supply and Demand24 lessons
  2. 2Elasticity57 lessons
  3. 3Consumer and Producer Surplus and Deadweight Loss43 lessons
  4. 4Government Intervention and Trade26 lessons
3

Production, Cost, and the Perfect Competition Model

Production, costs, and perfectly competitive firms.

  1. 1The Production Function26 lessons
  2. 2Short-Run and Long-Run Costs49 lessons
  3. 3Profit Maximization and Perfect Competition42 lessons
  4. 4Entry, Exit, and Long-Run EquilibriumCoverage growing
4

Imperfect Competition

Monopoly, monopolistic competition, and oligopoly.

  1. 1Monopoly34 lessons
  2. 2Price Discrimination29 lessons
  3. 3Monopolistic Competition34 lessons
  4. 4Oligopoly and Game Theory51 lessons
5

Factor Markets

Labor and resource markets.

  1. 1Labor Markets and MRP16 lessons
  2. 2Monopsony6 lessons
6

Market Failure and the Role of Government

Externalities, public goods, and inequality.

  1. 1Socially Efficient Outcomes6 lessons
  2. 2Externalities44 lessons
  3. 3Public Goods and Income Inequality20 lessons
  4. 4Government Intervention in Different Markets5 lessons