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Economics and finance

AP®︎ Microeconomics

Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional topics from a college-level microeconomics course.

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Resources are scarce, so figuring out how to allocate resources is the fundamental problem that the field of economics works to solve. In this lesson, we define economics and introduce the tools and thought processes that economists use to explain the world around us.
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