AP Microeconomics
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Units
- 1Basic Economic Concepts
- 2Supply and Demand
- 3Production, Cost, and the Perfect Competition Model
- 4Imperfect Competition
- 5Factor Markets
- 6Market Failure & Role of Government
Key skills
- Reading and drawing supply/demand graphs
- Calculating elasticity, cost, and revenue
- Explaining market structures and government intervention
Exam format
- 60 multiple-choice questions (1 hour 10 minutes)
- 3 free-response questions (1 hour)
Study resources
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AP Students (College Board)