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AP Microeconomics study notes
Short notes for every topic in AP Microeconomics, unit by unit, each with key terms and a sample AP-style question.
Practice tests that predict your AP score, flashcards and daily review.
Study AP Microeconomics free in APrepUnit 1: Basic Economic Concepts
Unit 2: Supply & Demand
Unit 3: Production, Cost & Perfect Competition
- 3.1The Production Function
- 3.2Marginal Product and Diminishing Returns
- 3.3Short-run Production Costs
- 3.4Short-run Costs
- 3.5Long-run Production Costs
- 3.6Types of Profit
- 3.7Profit Maximization
- 3.8Perfect Competition
- 3.9Firm's Supply Curve in Perfect Competition
- 3.10Perfect Competition in the Short Run and Long Run
- 3.11Efficiency in Perfectly Competitive Markets
Unit 4: Imperfect Competition
Unit 5: Factor Markets
Unit 6: Market Failure & the Role of Government
- 6.1Socially Efficient and Inefficient Market Outcomes
- 6.2Externalities
- 6.3Negative Externalities
- 6.4Positive Externalities
- 6.5Public and Private Goods
- 6.6The Effects of Government Intervention in Different Market Structures
- 6.7The Effects of Taxation
- 6.8Tax Incidence and Deadweight Loss
- 6.9Consequences of Inequitable Income Distribution