AP Microeconomics Skills/Standards
Download the Summer Assignment sheet here


How the Economic Machine Works
 
MOD 3:
Production Possibilities Frontier - Micro
Production Possibilities Curve (PPC)
Production Possibilities Curve (PPC) #2
 
MOD 4:
Comparative Advantage
Comparative Advantage vs Absolute Advantage
Terms of Trade & Gains from Trade
Comparative Advantage & Gains from Trade w/ Practice Problems

MOD 51:
Utility
Marginal Utility
Marginal Utility, Consumer Choice, and Utility Maximization
Utility Maximization Example

MOD 5:
Demand - Review

MOD 6:
Supply - Review

MOD 46:
Substitution Effect and Income Effect 1
Substitution Effect and Income Effect 2
Price Elasticity of Demand
Price Elasticity of Demand - Midpoint Method
More on Elasticity of Demand (Summary)
Price and Quantity Effect

MOD 47:
Perfectly Elastic/Perfectly Inelastic
Total Revenue and Elasticity
Total Revenue and Elasticity #2

MOD 49:
Consumer Surplus
Producer Surplus

MOD 50:
Taxes
Tax Incidence #1
Tax Incidence #2
Tax Revenue & Deadweight Loss
Subsidies
Wage Subsidies

MOD 44:
Trade and Tariffs
Calculating the effects of tariffs

MOD 52:
Economic Profit vs. Accounting Profit
Example Calculation

MOD 53:
Profit Maximization 1
Maximizing Profit
Profit Maximization 2

MOD 54:
Total Product/Production Function
Marginal Revenue and Marginal Cost

MOD 55:
Marginal Cost, Average Costs
Cost Curves - Part 1
Cost Curves - Part 2
Cost Curves - Part 3
How Costs Change when Fixed and Variable Costs Change
Graphical Impact of Cost Changes

MOD 56:
Long-Run Average Total Cost
Economies of Scale

MOD 57:
Market Structure

MOD 58:
Perfect Competition
Perfect Competition 2
Profit in Perfect Competition

MOD 59:
Graphing Perfect Competition
Shut-Down or Exit Industry?

MOD 60:
Long-Run Perfect Competition
Long-Run Profit/Loss
Graphing Profit/Loss in Perfect Competition
Long-Run Supply Curve in a Constant-Cost Industry
Long-Run Supply Curve in an Increasing-Cost Industry
Long
 
Unit 1 Review Video
Unit 2 Review Video
Unit 3 Review Video

MOD 61:
Monopoly vs Perfect Competition
Monopoly - In a Nutshell
Economic Profit for Monopoly
Graphing Monopoly

MOD 62:
Monopoly and Regulation

MOD 63:
Monopoly Graph Review

MOD 64:
Oligopoly Overview
Oligopoly Review
The Gap in Marginal Revenue Curve - Explained

MOD 65:
Oligopoly & Game Theory
Prisoner's Dilemma & Nash Equilibrium
Nash Equilibrium - Explained

MOD 67:
Monopolistic Competition Overview
Monopolistic: Short-run & Long-run
Monopolistic Competition & Economic Profit

MOD 69:
Introduction to Labor Markets
Marginal Revenue Product (of Labor)

MOD 71:
Labor Market & Minimum Wage
Labor Market & Firm Graphs (Perfect Competition)
Monopsony, Marginal Factor Cost (Imperfect Competition)
Monopsony & Minimum Wage (Imperfect Competition)
Factor Markets Review & Practice Questions - Part 1
Factor Markets Review & Practice Questions - Part 2 (Stop at 24:00)

MOD 72:
Cost Minimizing Input Combination
Cost-Minimizing Review & Practice Questions

MOD 73:
Human Capital & Wages
Compensating Differentials
Market Power/Unions
Wage Discrimination Example: Gender Pay Gap

MOD 74 & 75:
Externalities - Overview
Introduction to Externalities (Focus on: External Costs)
Focus on: External Benefits
Coase Theory Explained
Negative Externality - Example
Pigouvian Tax
Positive Externality - Example
Market Failure, Taxes, Subsidies