1 What You Need to Know About the AP Microeconomics Exam
2 How to Plan Your Time

3 Take the Diagnostic Exam
Diagnostic Exam: AP Microeconomics

4 How to Approach Each Question Type
Section I: Multiple-Choice Questions
Section II: Free-Response Questions

5 Fundamentals of Economic Analysis
5.1 Scarce Resources
5.2 Production Possibilities
5.3 Functions of Economic Systems

6 Demand, Supply, Market Equilibrium, and Welfare Analysis
6.1 Demand
6.2 Supply
6.3 Market Equilibrium
6.4 Welfare Analysis

7 Elasticity, Microeconomic Policy, and Consumer Theory
7.1 Elasticity
7.2 Microeconomic Policy and Applications of Elasticity
7.3 Trade Barriers
7.4 Consumer Choice

8 The Firm, Profit, and the Costs of Production
8.1 Firms, Opportunity Costs, and Profits
8.2 Production and Cost

9 Market Structures, Perfect Competition, Monopoly, and
Things Between
9.1 Perfect Competition
9.2 Monopoly
9.3 Monopolistic Competition
9.4 Oligopoly

10 Factor Markets
10.1 Factor Demand
10.2 Least-Cost Hiring of Multiple Inputs
10.3 Factor Supply and Market Equilibrium
10.4 Imperfect Competition in Product and Factor Markets

11 Public Goods, Externalities, and the Role of Government
11.1 Public Goods and Spillover Benefits
11.2 Pollution and Spillover Costs
11.3 Income Distribution and Tax Structures