AP Microeconomics Cram Pack: ALL Notes and Flashcards for the Entire Course!

Contains 10 flashcards

Contains 10 flashcards

Contains 10 flashcards

Contains 11 flashcards

AP Microeconomics notes from Unit 1, Section 1: These notes cover the fundamentals of economics and scarcity. We'll dive into key economic assumptions, types of economics, the factors of production, and productivity.

AP Microeconomics notes from Unit 1, Section 2: These notes cover resource allocation, economic systems, and scarcity. Understanding different kinds of economic systems is key to understanding microeconomics as a whole and applying economic thinking to everyday life.

AP Microeconomics notes from Unit 1, Section 3: These notes cover the production possibilities curve, also known as the PPC. The PPC is a critical concept in economics that helps economists visualize the relationship between supply and demand.

AP Microeconomics notes from Unit 1, Section 4: These notes cover different types of economic analysis, including cost-benefit analysis and marginal analysis.

AP Microeconomics notes from Unit 2, Section 1: These notes cover supply and demand and the relationship between them. Make sure you have a good understanding of these notes before moving on, since these are two key concepts to understanding the rest of microeconomics.

AP Microeconomics notes from Unit 2, Section 2: These notes cover the elasticities of supply and demand.

AP Microeconomics notes from Unit 2, Section 3: These notes cover equilibrium, surpluses, and government intervention in the economy.

AP Microeconomics notes from Unit 3, Section 1: These notes cover the production function, inputs, outputs, product, variables, and other key concepts to understanding the production of goods and how it impacts the economy.

AP Microeconomics notes from Unit 3, Section 1: These notes cover the short-run and long-run in economics, production costs, and types of economic costs.

AP Microeconomics notes from Unit 3, Section 3: These notes cover profit, market dynamics, revenue, and entering markets.

AP Microeconomics notes from Unit 3, Section 4: These notes cover market structures, perfect competition, barriers to entry, and demand.

AP Microeconomics notes from Unit 4, Section 1: These notes cover imperfectly competitive markets, including monopolistic competition and price discrimination.

AP Microeconomics notes from Unit 4, Section 2: These notes cover oligopolies, game theory, price leadership, and economic cartels.

AP Microeconomics notes from Unit 5, Section 1: These notes cover the factors of production and the labor market.

AP Microeconomics notes from Unit 5, Section 2: These notes cover shifters of supply and demand for labor.

AP Microeconomics notes from Unit 5, Section 3: These notes cover the behavior of individual firms under perfectly competitive, and monopsonistic markets.

AP Microeconomics notes from Unit 6, Section 1: These notes cover the "invisible hand" in free markets and market failures.

AP Microeconomics notes from Unit 6, Section 2: These notes cover positive externalities, negative externalities, public goods, and private goods.

AP Microeconomics notes from Unit 6, Section 3: These notes cover governmental regulation of the economy, namely through anti-trust and anti-monopoly efforts and the implementation of taxes.