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AP Microeconomics - Unit 1: Basic Economic Concepts
- Class notes • 25 pages • 2023
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These are the notes involving the entire first unit of the AP Microeconomics curriculum, which is "Basic Economic Concepts". While taking these notes, I have benefitted from Khan Academy, CollegeBoard daily videos, and Jacob Clifford's YouTube videos. The notes specifically cover the concepts of scarcity, opportunity cost, production possibilities curve, comparative and absolute advantage, demand, supply, market equilibrium, marginal analysis, cost-benefit analysis, and economic systems.
Class notes
AP Microeconomics - Unit 1: Basic Economic Concepts
Last document update:
ago
These are the notes involving the entire first unit of the AP Microeconomics curriculum, which is "Basic Economic Concepts". While taking these notes, I have benefitted from Khan Academy, CollegeBoard daily videos, and Jacob Clifford's YouTube videos. The notes specifically cover the concepts of scarcity, opportunity cost, production possibilities curve, comparative and absolute advantage, demand, supply, market equilibrium, marginal analysis, cost-benefit analysis, and economic systems.
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