UniGeniusAP Microeconomics

The course

1
Start here
Section I: 60 multiple-choice questions in 70 minutes, two thirds of the score. Section II: 3 free-response questions in 60 minutes, a third of the score.
Free: A tour of AP Microeconomics
2
Unit 1: Basic Economic Concepts
12–15% of Section I, about 8 of the 60 questions
Free: Scarcity, economic systems and the production possibilities curve Comparative advantage and gains from trade Cost-benefit analysis, marginal analysis and consumer choice 38 questions
3
Unit 2: Supply and Demand
20–25% of Section I, about 13 of the 60 questions
Demand and supply Price elasticity of demand and supply, and other elasticities Free: Market equilibrium, surplus and changes in equilibrium Taxes, subsidies, price controls, quotas and trade policy 55 questions
4
Unit 3: Production, Cost, and the Perfect Competition Model
22–25% of Section I, about 14 of the 60 questions
Production and costs in the short and long run Free: Profit, profit maximization and the decision to produce Perfect competition in the short and long run 58 questions
5
Unit 4: Imperfect Competition
15–22% of Section I, about 11 of the 60 questions
Monopoly and price discrimination Monopolistic competition, oligopoly and game theory 45 questions
6
Unit 5: Factor Markets
10–13% of Section I, about 7 of the 60 questions
Factor demand, factor supply and hiring in competitive markets Monopsony in the labor market 27 questions
7
Unit 6: Market Failure and the Role of Government
8–13% of Section I, about 7 of the 60 questions
Efficiency, market failure and externalities Public goods, government intervention and inequality 24 questions
8
Exam skills
Section II: one long question of 10 points and two short questions of 5 points, with a 10-minute reading period
Free-response answers and labeled graphs