AP
AP Microeconomics
Understand how individuals, firms, and markets make decisions in a world of limited resources.
Enrolment opening soon
Course At a Glance
Syllabus Units
10
Practice Exams
37
Video Lessons
35+ hrs
Difficulty
Medium
Curriculum
Every unit in this course, and the practice material inside it. Read live from the PrepWise platform — this is what you get on enrolling.
| Unit | Included |
|---|---|
| Unit 1 | 1.1. Scarcity 1.2. Resource Allocation and Economic Systems 1.3. Production Possibilities Curve 1.4. Gains From Trade 1.5. Marginal Analysis and Consumer Choice |
| Unit 2 | 2.1. Demand 2.2. Supply 2.3. Price Elasticity Of Demand 2.4. Price Elasticity Of Supply 2.5. Other Elasticities 2.6. Market Equilibrium and consumer and producer surplus 2.7. Market Disequilibrium and Changes in Equilibrium 2.8.The Effects of Goverment Intervention in Markets 2.9. International Trade and Public Policy |
| Unit 3 | 3.1. The Production Fuction 3.2. Short-Run Production Costs 3.3. Long-Run Production Costs 3.4. Types of Profit 3.5. Profit Maximization 3.6. Firms Short-Rrun Decision to Produce and Long Run Decision to Enter or Exit 3.7. Perfect Competition |
| Unit 4 | 4.1. Imperfect Competition 4.2. Monopoly 4.3. Price Discrimination 4.4. Monopolistic Competition 4.5. Oligopoly and Game Theory |
| Unit 5 | 5.1. Introduction to Factor Markets 5.2. Changes in Factor Demand and Supply 5.3. Profit Maximizing Behaviour in Perfectly Competitive Factor Market 5.4. Monopsonictic Markets |
| Unit 6 | 6.1. Externalities 6.2. Public and Private Goods 6.3. Inequalities |
| Practice Exam-1 | Practice Exam-1 |
| Practice Exam-2 | Practice Exam-2 |
| Practice Exam-3 | Practice Exam-3 |
| Practice Exam-4 | Practice Exam-4 |
| Total | 10 units, 37 exams |