College Board-Aligned
AP Microeconomics
This page follows the current official College Board course outline. Each unit/topic links to original local notes built for studying, practice, and review.
Course Snapshot
6
official units
30
linked topics/skills
Alignment Sources
Units & Topics
Unit 1: Basic Economic Concepts
On the AP exam: 12%-15% of exam score.
- Unit 1 Topic 1: Scarcity Original Notes
- Unit 1 Topic 2: Resource allocation and economic systems Original Notes
- Unit 1 Topic 3: The Production Possibilities Curve Original Notes
- Unit 1 Topic 4: Comparative advantage and gains from trade Original Notes
- Unit 1 Topic 5: Cost-benefit analysis Original Notes
- Unit 1 Topic 6: Marginal analysis and consumer choice Original Notes
Unit 2: Supply and Demand
On the AP exam: 20%-25% of exam score.
- Unit 2 Topic 1: Demand Original Notes
- Unit 2 Topic 2: Supply Original Notes
- Unit 2 Topic 3: Elasticity Original Notes
- Unit 2 Topic 4: Market equilibrium, disequilibrium, and changes in equilibrium Original Notes
- Unit 2 Topic 5: The effects of government intervention in markets Original Notes
- Unit 2 Topic 6: International trade and public policy Original Notes
Unit 3: Production, Cost, and the Perfect Competition Model
On the AP exam: 22%-25% of exam score.
- Unit 3 Topic 1: The production function Original Notes
- Unit 3 Topic 2: Short- and long-run production costs Original Notes
- Unit 3 Topic 3: Types of profit Original Notes
- Unit 3 Topic 4: Profit maximization Original Notes
- Unit 3 Topic 5: Perfect competition Original Notes
Unit 4: Imperfect Competition
On the AP exam: 15%-22% of exam score.
- Unit 4 Topic 1: Monopoly Original Notes
- Unit 4 Topic 2: Price discrimination Original Notes
- Unit 4 Topic 3: Monopolistic competition Original Notes
- Unit 4 Topic 4: Oligopoly and game theory Original Notes
Unit 5: Factor Markets
On the AP exam: 10%-13% of exam score.
- Unit 5 Topic 1: Introduction to factor markets Original Notes
- Unit 5 Topic 2: Changes in factor demand and factor supply Original Notes
- Unit 5 Topic 3: Profit-maximizing behavior in perfectly competitive factor markets Original Notes
- Unit 5 Topic 4: Monopsonistic markets Original Notes
Unit 6: Market Failure and the Role of Government
On the AP exam: 8%-13% of exam score.
- Unit 6 Topic 1: Socially efficient and inefficient market outcomes Original Notes
- Unit 6 Topic 2: Externalities Original Notes
- Unit 6 Topic 3: Public and private goods Original Notes
- Unit 6 Topic 4: The effects of government intervention in different market structures Original Notes
- Unit 6 Topic 5: Income and wealth inequality Original Notes
Notes
Original EduCompanion Notes
These local notes follow the current College Board AP Microeconomics unit/topic list.
Unit 1: Basic Economic Concepts
Unit 1 Topic 1: Scarcity
Open College Board-aligned original notes
Unit 1 Topic 2: Resource allocation and economic systems
Open College Board-aligned original notes
Unit 1 Topic 3: The Production Possibilities Curve
Open College Board-aligned original notes
Unit 1 Topic 4: Comparative advantage and gains from trade
Open College Board-aligned original notes
Unit 1 Topic 5: Cost-benefit analysis
Open College Board-aligned original notes
Unit 1 Topic 6: Marginal analysis and consumer choice
Open College Board-aligned original notes
Unit 2: Supply and Demand
Unit 2 Topic 1: Demand
Open College Board-aligned original notes
Unit 2 Topic 2: Supply
Open College Board-aligned original notes
Unit 2 Topic 3: Elasticity
Open College Board-aligned original notes
Unit 2 Topic 4: Market equilibrium, disequilibrium, and changes in equilibrium
Open College Board-aligned original notes
Unit 2 Topic 5: The effects of government intervention in markets
Open College Board-aligned original notes
Unit 2 Topic 6: International trade and public policy
Open College Board-aligned original notes
Unit 3: Production, Cost, and the Perfect Competition Model
Unit 3 Topic 1: The production function
Open College Board-aligned original notes
Unit 3 Topic 2: Short- and long-run production costs
Open College Board-aligned original notes
Unit 3 Topic 3: Types of profit
Open College Board-aligned original notes
Unit 3 Topic 4: Profit maximization
Open College Board-aligned original notes
Unit 3 Topic 5: Perfect competition
Open College Board-aligned original notes
Unit 4: Imperfect Competition
Unit 4 Topic 1: Monopoly
Open College Board-aligned original notes
Unit 4 Topic 2: Price discrimination
Open College Board-aligned original notes
Unit 4 Topic 3: Monopolistic competition
Open College Board-aligned original notes
Unit 4 Topic 4: Oligopoly and game theory
Open College Board-aligned original notes
Unit 5: Factor Markets
Unit 5 Topic 1: Introduction to factor markets
Open College Board-aligned original notes
Unit 5 Topic 2: Changes in factor demand and factor supply
Open College Board-aligned original notes
Unit 5 Topic 3: Profit-maximizing behavior in perfectly competitive factor markets
Open College Board-aligned original notes
Unit 5 Topic 4: Monopsonistic markets
Open College Board-aligned original notes
Unit 6: Market Failure and the Role of Government
Unit 6 Topic 1: Socially efficient and inefficient market outcomes
Open College Board-aligned original notes
Unit 6 Topic 2: Externalities
Open College Board-aligned original notes
Unit 6 Topic 3: Public and private goods
Open College Board-aligned original notes
Unit 6 Topic 4: The effects of government intervention in different market structures
Open College Board-aligned original notes
Unit 6 Topic 5: Income and wealth inequality
Open College Board-aligned original notes
Shared Google Drive Notes
No shared Google Drive notes are currently mapped for this course. Local original notes are still available above.
Practice Questions
Each note page includes a quick practice prompt. Use these unit practice cards to review the same way AP questions ask you to apply ideas, evidence, and reasoning.
Unit 1 Practice
Use the linked notes for Basic Economic Concepts to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 2 Practice
Use the linked notes for Supply and Demand to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 3 Practice
Use the linked notes for Production, Cost, and the Perfect Competition Model to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 4 Practice
Use the linked notes for Imperfect Competition to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Study Guides
Use this as a unit review index. Open each unit, work through the topic notes, then return here to move to the next unit.
Unit 1: Basic Economic Concepts
6 topics to review, 12%-15% of exam score
Unit 2: Supply and Demand
6 topics to review, 20%-25% of exam score
Unit 3: Production, Cost, and the Perfect Competition Model
5 topics to review, 22%-25% of exam score
Unit 4: Imperfect Competition
4 topics to review, 15%-22% of exam score
Unit 5: Factor Markets
4 topics to review, 10%-13% of exam score
Unit 6: Market Failure and the Role of Government
5 topics to review, 8%-13% of exam score