AP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.
Unit 1: Basic Economic Concepts
Unit 2: Supply and Demand
Unit 3: Production, Cost, and the Perfect Competition Model
Note: if the following section is blank the course is 1 semester long
Unit 4: Imperfect Competition
Unit 5: Factor Markets
Unit 6: Market Failure and the Role of Government