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Microeconomics · AP · High school · Economics

Full College Board Course and Exam Description framework for Microeconomics · AP, including course-scope topics not assessed on the AP Exam. Topics marked with an asterisk (*) are assessed on the exam. Click a topic for the full text and study materials.

Standards

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Unit 1: Basic Economic Concepts

  • 1.1 * — Apply scarcity, marginal analysis, and comparative advantage.
  • 1.2 * — Interpret PPC and economic systems at a micro intro level.

Unit 2: Supply and Demand

  • 2.1 * — Graph market equilibrium and analyze shifts in supply and demand.
  • 2.2 * — Calculate and interpret elasticity and consumer/producer surplus.

Unit 3: Production, Cost, and Perfect Competition

  • 3.1 * — Derive cost curves and profit-maximizing output for firms.
  • 3.2 * — Analyze perfect competition in short run and long run.

Unit 4: Imperfect Competition

  • 4.1 * — Compare monopoly, oligopoly, and monopolistic competition outcomes.
  • 4.2 * — Analyze price discrimination and game-theory payoffs (intro).

Unit 5: Factor Markets

  • 5.1 * — Determine labor demand and wage determination in competitive markets.
  • 5.2 * — Analyze monopsony and derived demand for inputs.

Unit 6: Market Failure and the Role of Government

  • 6.1 * — Identify externalities, public goods, and deadweight loss.
  • 6.2 * — Evaluate taxes, subsidies, and regulation as policy responses.

* Assessed on the AP Exam (per the Course and Exam Description). All topics listed; unmarked topics are course scope only.

AP® is a trademark registered by the College Board. Course and Exam Description content is used for educational reference; see College Board for the official CED.

AP Course and Exam Description (College Board)

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