AP Microeconomics


By taking on the role of a leader at a fictitious company, you will learn fundamental economic concepts, including scarcity, opportunity costs and trade-offs, productivity, economic systems and institutions, exchange, money, and interdependence.


Basic Economic Concepts

  • Scarcity
  • Resource Allocation and Economic Systems
  • Production Possibilities Curve
  • Comparitive Advantage and Trade
  • Cost-Benefit Analysis
  • Marginal Analysis and Consumer Choice

Supply and Demand

  • Price Elasticity of Demand
  • Price Elasticity of Supply
  • Market Equilibrium and Consumer and Producer Surplus
  • Market Disequilibrium and Changes in Equilibrium
  • The Effects of Government Intervention in Markets
  • International Trade and Public Policy

Production, Cost, and the Perfect Competition Model

  • The Production Function
  • Short-Run and Long-Run Production Costs
  • Types of Profit
  • Profit Maximization
  • Firms’ Short-Run and Long-Run Decisions
  • Perfect Competition

Imperfect Competition

  • Basics of Imperfectly Competitive Markets
  • Monopoly
  • Price Discrimination
  • Monopolistic Competition
  • Oligopoly and Game Theory

Factor Markets

  • Changes in Factor Demand and Factor Supply
  • Profit-Maximizing Behavior in Perfectly Competitive Factor Markets
  • Monopsonistic Markets

Market Failure and the Role of Government

    • Socially Efficient and Inefficient Market Outcomes
    • Externalities
    • Public and Private Goods
    • The Effects of Government Intervention in Different Market Structures
    • Inequality


  • Identify art, art tools, art rules, and correct behavior
  • Elements of art: line, shape, color, and space
  • Identify different elements of art and how they are used in artwork
  • Types of lines and shapes
  • Pigments, hue, intensity, and value
  • Contrast and scale

Fee Details

Progam Advanced Placement
Fee Component  Course Fee
Amount (USD)  $ 304
Description To be paid by the student at the time of Enrollment.

Grade Level

Grade 10, 11, 12




The AP Macroeconomics Course and Exam Description is a free material provided by College Board that outlines the skills and content taught within the AP Macroeconomics course.


Algebra 1 recommended

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