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Unit: Basic economics concepts
AP Macro:
MKT (BI)
, MKT‑1 (EU)
, MKT‑2 (EU)
, MOD (BI)
, MOD‑1 (EU)
0
AP Macro:
MOD (BI)
, MOD‑1 (EU)
, MOD‑1.A (LO)
, MOD‑1.A.1 (EK)
Learn
Practice
- Introduction to scarcity and the economic way of thinkingGet 3 of 4 questions to level up!
AP Macro:
MOD (BI)
, MOD‑1 (EU)
, MOD‑1.B (LO)
, MOD‑1.B.1 (EK)
, MOD‑1.B.2 (EK)
, MOD‑1.B.3 (EK)
, MOD‑1.B.4 (EK)
, MOD‑1.B.5 (EK)
Learn
Practice
- Opportunity cost and the PPCGet 3 of 4 questions to level up!
AP Macro:
MKT (BI)
, MKT‑1 (EU)
, MKT‑1.A (LO)
, MKT‑1.A.1 (EK)
, MKT‑1.A.2 (EK)
, MKT‑1.B (LO)
, MKT‑1.B.1 (EK)
, MKT‑1.B.2 (EK)
Learn
Practice
- Comparative advantage and the gains from tradeGet 3 of 4 questions to level up!
AP Macro:
MKT (BI)
, MKT‑2 (EU)
, MKT‑2.A (LO)
, MKT‑2.A.1 (EK)
, MKT‑2.B (LO)
, MKT‑2.B.1 (EK)
Learn
Practice
- DemandGet 3 of 4 questions to level up!
AP Macro:
MKT (BI)
, MKT‑2 (EU)
, MKT‑2.C (LO)
, MKT‑2.C.1 (EK)
, MKT‑2.D (LO)
, MKT‑2.D.1 (EK)
AP Macro:
MKT (BI)
, MKT‑2 (EU)
, MKT‑2.E (LO)
, MKT‑2.E.1 (EK)
, MKT‑2.F (LO)
, MKT‑2.F.1 (EK)
, MKT‑2.G (LO)
, MKT‑2.G.1 (EK)
Learn
Practice
- Market equilibrium and disequilibriumGet 3 of 4 questions to level up!
- Changes in equilibriumGet 3 of 4 questions to level up!
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About this unit
Fundamental concepts like scarcity, opportunity cost, and supply and demand form the basis for the study of macroeconomics. How can individuals and nations engage in mutually advantageous trade? This is where it starts.AP® is a registered trademark of the College Board, which has not reviewed this resource.