AP Microeconomics
Course Content
Unit 1: Basic Economic Concepts
You’ll study the foundations of microeconomic thinking, including how to evaluate decisions based on constraints and trade-offs and make rational economic choices.
Topics may include:
- Scarcity
- Resource allocation and economic systems
- The Production Possibilities Curve
- Comparative advantage and gains from trade
- Cost-benefit analysis
- Marginal analysis and consumer choice
On The Exam
12%–15% of exam score
Unit 2: Supply and Demand
You’ll learn the basis for understanding how markets work with an introduction to the supply and demand model.
Topics may include:
- Demand
- Supply
- Elasticity
- Market equilibrium, disequilibrium, and changes in equilibrium
- The effects of government intervention in markets
- International trade and public policy
On The Exam
20%–25% of exam score
Unit 3: Production, Cost, and the Perfect Competition Model
You’ll explore the factors that drive the behavior of companies and learn about the perfect competition model.
Topics may include:
- The production function
- Short- and long-run production costs
- Types of profit
- Profit maximization
- Perfect competition
On The Exam
22%–25% of exam score
Unit 4: Imperfect Competition
You’ll learn how imperfectly competitive markets work and how game theory comes into play in economic models.
Topics may include:
- Monopoly
- Price discrimination
- Monopolistic competition
- Oligopoly and game theory
On The Exam
15%–22% of exam score
Unit 5: Factor Markets
You’ll learn how concepts such as supply and demand and marginal decision-making apply in the context of factor markets.
Topics may include:
- Introduction to factor markets
- Changes in factor demand and factor supply
- Profit-maximizing behavior in perfectly competitive factor markets
- Monopsonistic markets
On The Exam
10%–13% of exam score
Unit 6: Market Failure and the Role of Government
You’ll examine the conditions under which markets may fail and the effects of government intervention in markets.
Topics may include:
- Socially efficient and inefficient market outcomes
- Externalities
- Public and private goods
- The effects of government intervention in different market structures
- Income and wealth inequality
On The Exam
8%–13% of exam score
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Flexible Start Dates and Scheduling
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Complete Coaching for AP Microeconomics: ONLINE LIVE CLASSES
- Full course covered for AP Microeconomics Test
- Dynamic and Expert Faculties
- Qualified and competent Teachers
- Fully Targeted Exam Based Coaching
- Each Topic to be discussed in Detail
- Detailed Formulas and shortcut tricks
- Worksheet Practice Questions on Each topic
- Revision Tests (5 Mock Tests to be done by student)
Mode of Study:
- One-on-One Online lesson on Skype
- One-on-One Home Tuition (Selected areas only)
Course Duration:
- AP Microeconomics: 30-50hrs
Course Fee: $50-$70/hour.
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