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AP®︎ Microeconomics content aligned to standards

This page lists every piece of course content once and shows all the standards covered by that content. So, standards may appear more than once in this view. If you would like to quickly see all of the course content aligned to a particular standard, the Standards aligned to content page may be better suited.

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Place your cursor over a standard to reveal its description. Click a piece of course content to visit that Unit, Lesson, Article, Video, or Exercise.
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CBA (BI)
,
MKT (BI)
ContentStandards
Scarcity
MKT (BI)
,
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
📺 Introduction to economics
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
📺 Scarcity
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
📺 Four factors of production
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
📺 Scarcity and rivalry
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
📺 Economic models
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
📺 Normative and positive statements
Scarcity
MKT-1 (EU)
,
MKT-1.A (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
Resource Allocation and Economic Systems
MKT (BI)
,
MKT-1 (EU)
,
MKT-1.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
📺 Property rights in a market system
MKT-1 (EU)
,
MKT-1.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
Resource allocation and economic systems
MKT-1 (EU)
,
MKT-1.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
Production possibilities curve (PPC)
MKT (BI)
,
MKT-1 (EU)
,
MKT-1.C (LO)
,
MKT-1.C.1 (EK)
,
MKT-1.C.2 (EK)
,
MKT-1.C.3 (EK)
,
MKT-1.C.4 (EK)
,
MKT-1.C.5 (EK)
📺 Production possibilities curve
MKT-1 (EU)
,
MKT-1.C (LO)
,
MKT-1.C.1 (EK)
,
MKT-1.C.2 (EK)
📺 Opportunity cost
MKT-1.C (LO)
,
MKT-1.C.1 (EK)
,
MKT-1.C.2 (EK)
📺 Increasing opportunity cost
MKT-1.C (LO)
,
MKT-1.C.3 (EK)
📺 PPCs for increasing, decreasing and constant opportunity cost
MKT-1.C (LO)
,
MKT-1.C.3 (EK)
📺 Production Possibilities Curve as a model of a country's economy
MKT-1 (EU)
,
MKT-1.C.4 (EK)
,
MKT-1.C.5 (EK)
Interpreting graphs of the production possibilities curve (PPC)
MKT-1.C (LO)
,
MKT-1.C.1 (EK)
,
MKT-1.C.2 (EK)
,
MKT-1.C.3 (EK)
,
MKT-1.C.4 (EK)
,
MKT-1.C.5 (EK)
Calculating opportunity costs from a production possibilities curve (PPC)
MKT-1.C (LO)
,
MKT-1.C.1 (EK)
,
MKT-1.C.2 (EK)
,
MKT-1.C.3 (EK)
Comparative advantage and trade
MKT (BI)
,
MKT-2 (EU)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
📺 Comparative advantage, specialization, and gains from trade
MKT-2 (EU)
,
MKT-1.A (LO)
,
MKT-1.B (LO)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
📺 Comparative advantage and absolute advantage
MKT-2 (EU)
,
MKT-1.A (LO)
,
MKT-2.A (LO)
,
MKT-2.A.1 (EK)
📺 Opportunity cost and comparative advantage using an output table
MKT-2 (EU)
,
MKT-1.A (LO)
,
MKT-1.B (LO)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-1.A.1 (EK)
,
MKT-1.A.2 (EK)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
Comparative advantage and absolute advantage
MKT-2 (EU)
,
MKT-2.A (LO)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
📺 Terms of trade and the gains from trade
MKT-2 (EU)
,
MKT-1.B (LO)
,
MKT-2.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
📺 Input approach to determining comparative advantage
MKT-2 (EU)
,
MKT-1.B (LO)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
📺 When there aren't gains from trade
MKT-2 (EU)
,
MKT-1.B (LO)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.B.2 (EK)
📺 Comparative advantage worked example
MKT (BI)
,
MKT-2 (EU)
,
MKT-1.B (LO)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-1.B.1 (EK)
,
MKT-1.B.2 (EK)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
The terms of trade
MKT-2 (EU)
,
MKT-2.A (LO)
,
MKT-2.B (LO)
,
MKT-2.A.1 (EK)
,
MKT-2.A.2 (EK)
,
MKT-2.B.1 (EK)
,
MKT-2.B.2 (EK)
Cost-benefit analysis
CBA (BI)
,
CBA-1 (EU)
,
CBA-1.A (LO)
,
CBA-1.B (LO)
,
CBA-1.A.1 (EK)
,
CBA-1.A.2 (EK)
,
CBA-1.B.1 (EK)
,
CBA-1.B.2 (EK)
📺 Optimal Decision-making and opportunity costs
CBA-1 (EU)
,
CBA-1.A (LO)
,
CBA-1.B (LO)
,
CBA-1.A.1 (EK)
,
CBA-1.B.1 (EK)
📺 Accounting profit vs economic profit
CBA-1 (EU)
,
CBA-1.A (LO)
,
CBA-1.A.1 (EK)
,
CBA-1.B.1 (EK)
📺 Introduction to utility
CBA-1 (EU)
,
CBA-1.A (LO)
,
CBA-1.B (LO)
,
CBA-1.A.2 (EK)
,
CBA-1.B.2 (EK)
Cost-benefit analysis
CBA-1 (EU)
,
CBA-1.A (LO)
,
CBA-1.B (LO)
,
CBA-1.A.1 (EK)
,
CBA-1.A.2 (EK)
,
CBA-1.B.1 (EK)
,
CBA-1.B.2 (EK)
Marginal analysis and consumer choice
CBA (BI)
,
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
📺 Marginal utility and total utility
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.3 (EK)
📺 Visualizing marginal utility MU and total utility TU functions
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
Total Utility and Marginal Utility
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
📺 Utility maximization: equalizing marginal utility per dollar
CBA-2 (EU)
,
CBA-2.B (LO)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
📺 Marginal utility free response example
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
📺 Marginal benefit AP free response question
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
Utility Maximization
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.B (LO)
,
CBA-2.A.1 (EK)
,
CBA-2.A.2 (EK)
,
CBA-2.A.3 (EK)
,
CBA-2.A.4 (EK)
,
CBA-2.B.1 (EK)
,
CBA-2.B.2 (EK)
,
CBA-2.B.3 (EK)
MKT (BI)
,
POL (BI)
ContentStandards
Demand
MKT (BI)
,
MKT-3.A (LO)
,
MKT-3.B (LO)
,
MKT-3.A.1 (EK)
,
MKT-3.A.2 (EK)
,
MKT-3.A.3 (EK)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
,
MKT-3.A.6 (EK)
,
MKT-3.B.1 (EK)
📺 Markets and property rights
MKT-3 (EU)
,
MKT-3.A (LO)
,
MKT-3.A.1 (EK)
,
MKT-3.A.2 (EK)
,
MKT-3.A.3 (EK)
📺 Law of demand
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.A (LO)
,
MKT-3.A (LO)
,
MKT-2.A.1 (EK)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
📺 Deriving demand curve from tweaking marginal utility per dollar
MKT-3 (EU)
,
MKT-3.A (LO)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
📺 Market demand as the sum of individual demand
MKT-3 (EU)
,
MKT-3.A (LO)
,
MKT-3.A.6 (EK)
📺 Substitution and income effects and the law of demand
MKT-3 (EU)
,
MKT-3.A (LO)
,
MKT-3.A.5 (EK)
Markets, property rights, and the law of demand
MKT-3 (EU)
,
MKT-3.A (LO)
,
MKT-3.A.1 (EK)
,
MKT-3.A.2 (EK)
,
MKT-3.A.3 (EK)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
,
MKT-3.A.6 (EK)
📺 Price of related products and demand
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.B (LO)
,
MKT-3.B (LO)
,
MKT-2.B.1 (EK)
,
MKT-3.B.1 (EK)
📺 Change in expected future prices and demand
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.B (LO)
,
MKT-3.B (LO)
,
MKT-2.B.1 (EK)
,
MKT-3.B.1 (EK)
📺 Changes in income, population, or preferences
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.B (LO)
,
MKT-3.B (LO)
,
MKT-2.B.1 (EK)
,
MKT-3.B.1 (EK)
📺 Normal and inferior goods
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.B (LO)
,
MKT-3.B (LO)
,
MKT-2.B.1 (EK)
,
MKT-3.B.1 (EK)
📺 Inferior goods clarification
MKT-3 (EU)
,
MKT-3.B (LO)
,
MKT-3.B.1 (EK)
📺 Change in demand versus change in quantity demanded
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-2.B (LO)
,
MKT-3.B (LO)
,
MKT-2.B.1 (EK)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
,
MKT-3.B.1 (EK)
Demand and the determinants of demand
MKT-3 (EU)
,
MKT-3.B (LO)
,
MKT-3.A.4 (EK)
,
MKT-3.A.5 (EK)
,
MKT-3.B.1 (EK)
Supply
MKT (BI)
,
MKT-3 (EU)
,
MKT-3.C (LO)
,
MKT-3.D (LO)
,
MKT-3.C.1 (EK)
,
MKT-3.C.2 (EK)
,
MKT-3.D.1 (EK)
📺 Law of supply
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-3.C (LO)
,
MKT-3.C.1 (EK)
📺 Change in supply versus change in quantity supplied
MKT-3.C (LO)
,
MKT-3.C.1 (EK)
Supply and the law of supply
MKT-3 (EU)
,
MKT-3.C (LO)
,
MKT-3.C.1 (EK)
,
MKT-3.C.2 (EK)
📺 Factors affecting supply
MKT-2 (EU)
,
MKT-3 (EU)
,
MKT-3.C (LO)
,
MKT-3.D (LO)
,
MKT-3.C.1 (EK)
,
MKT-3.D.1 (EK)
Changes in the determinants of supply
MKT-3 (EU)
,
MKT-3.C (LO)
,
MKT-3.C.1 (EK)
,
MKT-3.C.2 (EK)
Price elasticity of demand
MKT (BI)
,
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.1 (EK)
,
MKT-3.E.2 (EK)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
,
MKT-3.E.5 (EK)
📺 Introduction to price elasticity of demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.1 (EK)
,
MKT-3.E.2 (EK)
,
MKT-3.E.3 (EK)
📺 Determinants of price elasticity of demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
📺 Determinants of elasticity example
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.1 (EK)
,
MKT-3.E.2 (EK)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
Price Elasticity of Demand and its Determinants
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.1 (EK)
,
MKT-3.E.2 (EK)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
,
MKT-3.E.5 (EK)
📺 Perfect inelasticity and perfect elasticity of demand
MKT-3 (EU)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
📺 Constant unit elasticity
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.3 (EK)
,
MKT-3.E.4 (EK)
📺 Total revenue and elasticity
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.5 (EK)
📺 More on total revenue and elasticity
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.5 (EK)
Determinants of price elasticity and the total revenue rule
MKT-3 (EU)
,
MKT-3.E.4 (EK)
,
MKT-3.E.5 (EK)
Price elasticity of supply
MKT (BI)
,
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.6 (EK)
,
MKT-3.E.7 (EK)
,
MKT-3.E.8 (EK)
📺 Introduction to price elasticity of supply
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.6 (EK)
,
MKT-3.E.7 (EK)
📺 Price elasticity of supply determinants
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.6 (EK)
,
MKT-3.E.7 (EK)
,
MKT-3.E.8 (EK)
Price Elasticity of Supply and its Determinants
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.7 (EK)
,
MKT-3.E.8 (EK)
,
MKT-3.E.9 (EK)
Other elasticities
MKT (BI)
,
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.10 (EK)
,
MKT-3.E.11 (EK)
,
MKT-3.E.9 (EK)
📺 Income elasticity of demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.10 (EK)
,
MKT-3.E.9 (EK)
Income Elasticity of Demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.10 (EK)
,
MKT-3.E.9 (EK)
📺 Cross-price elasticity of demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.11 (EK)
Cross-Price Elasticity of Demand
MKT-3 (EU)
,
MKT-3.E (LO)
,
MKT-3.E.10 (EK)
,
MKT-3.E.11 (EK)
Market equilibrium and consumer and producer surplus
MKT (BI)
,
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.A.1 (EK)
,
MKT-4.A.2 (EK)
,
MKT-4.A.3 (EK)
,
MKT-4.A.4 (EK)
,
MKT-4.A.5 (EK)
📺 Market equilibrium
MKT-2 (EU)
,
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.B (LO)
,
MKT-4.A.1 (EK)
,
MKT-4.A.2 (EK)
,
MKT-4.A.3 (EK)
Market equilibrium
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.A.1 (EK)
,
MKT-4.A.2 (EK)
,
MKT-4.A.3 (EK)
,
MKT-4.A.4 (EK)
📺 Demand curve as marginal benefit curve
MKT-4 (EU)
,
MKT-4.A.4 (EK)
📺 Consumer surplus introduction
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.A.4 (EK)
📺 Total consumer surplus as area
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.A.4 (EK)
📺 Producer surplus
MKT-4 (EU)
,
MKT-4.A (LO)
,
MKT-4.A.4 (EK)
📺 Equilibrium, allocative efficiency and total surplus
MKT-4 (EU)
,
MKT-4.A.4 (EK)
,
MKT-4.A.5 (EK)
Consumer and Producer Surplus and Allocative Efficiency
MKT-4 (EU)
,
MKT-4.A.4 (EK)
,
MKT-4.A.5 (EK)
Disequilibrium and changes in equilibrium
MKT (BI)
,
MKT-4 (EU)
📺 Changes in market equilibrium
MKT-2 (EU)
,
MKT-4 (EU)
,
MKT-4.B (LO)
,
MKT-4.B.1 (EK)
,
MKT-4.B.2 (EK)
Changes in equilibrium
MKT-4 (EU)
,
MKT-4.B (LO)
,
MKT-4.B.1 (EK)
,
MKT-4.B.2 (EK)
The effects of government interventions in markets
POL (BI)
,
POL-1 (EU)
,
POL-1.B (LO)
,
POL-1.B.1 (EK)
,
POL-1.B.2 (EK)
,
POL-1.B.3 (EK)
📺 Rent control and deadweight loss
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.1 (EK)
📺 Minimum wage and price floors
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.1 (EK)
Price and quantity controls
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.1 (EK)
📺 How price controls reallocate surplus
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.1 (EK)
,
POL-1.A.4 (EK)
,
POL-1.A.5 (EK)
The effect of government interventions on surplus
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.4 (EK)
,
POL-1.A.5 (EK)
📺 Taxation and dead weight loss
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.2 (EK)
,
POL-1.A.3 (EK)
,
POL-1.A.4 (EK)
,
POL-1.A.5 (EK)
📺 Example breaking down tax incidence
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.6 (EK)
📺 Taxes and perfectly inelastic demand
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.5 (EK)
,
POL-1.A.6 (EK)
📺 Taxes and perfectly elastic demand
POL-1 (EU)
,
POL-1.A (LO)
,
POL-1.A.5 (EK)
,
POL-1.A.6 (EK)
Tax Incidence and Deadweight Loss
International trade and public policy
POL (BI)
,
POL-1 (EU)
📺 Changing equilibria from trade
POL-1 (EU)
,
POL-1.B (LO)
,
POL-1.B.1 (EK)
📺 Trade and tariffs
POL-1 (EU)
,
POL-1.B (LO)
,
POL-1.B.1 (EK)
,
POL-1.B.2 (EK)
,
POL-1.B.3 (EK)
📺 Sample free response question (FRQ) on tariffs and trade
POL-1 (EU)
,
POL-1.B (LO)
,
POL-1.B.1 (EK)
,
POL-1.B.2 (EK)
,
POL-1.B.3 (EK)
International trade and public policy
POL-1 (EU)
,
POL-1.B (LO)
,
POL-1.B.1 (EK)
,
POL-1.B.2 (EK)
,
POL-1.B.3 (EK)
CBA (BI)
,
PRD (BI)
,
CBA-2 (EU)
,
PRD-1 (EU)
,
PRD-2 (EU)
ContentStandards
The production function
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.1 (EK)
,
PRD-1.A.2 (EK)
,
PRD-1.A.3 (EK)
📺 Introduction to production functions
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.1 (EK)
📺 Total product, marginal product, and average product
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.1 (EK)
,
PRD-1.A.2 (EK)
,
PRD-1.A.3 (EK)
The production function
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.1 (EK)
,
PRD-1.A.2 (EK)
,
PRD-1.A.3 (EK)
Short-run production costs
PRD (BI)
,
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
,
PRD-1.A.7 (EK)
,
PRD-1.A.8 (EK)
📺 Fixed, variable, and marginal cost
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
📺 Marginal cost, average variable cost, and average total cost
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.5 (EK)
📺 Graphs of MC, AVC and ATC
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.3 (EK)
,
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
📺 Marginal revenue and marginal cost
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
Short-run production costs: foundational concepts
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
📺 Marginal revenue below average total cost
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
,
PRD-1.A.7 (EK)
📺 How costs change when fixed and variable costs change
PRD-1.A.3 (EK)
,
PRD-1.A.4 (EK)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
,
PRD-1.A.7 (EK)
📺 Graphical impact of cost changes on marginal and average costs
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.8 (EK)
Short-run production costs
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.5 (EK)
,
PRD-1.A.6 (EK)
,
PRD-1.A.7 (EK)
,
PRD-1.A.8 (EK)
Long-run production costs
PRD (BI)
,
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.10 (EK)
,
PRD-1.A.11 (EK)
,
PRD-1.A.12 (EK)
,
PRD-1.A.9 (EK)
📺 Long-run average total cost curve
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.10 (EK)
,
PRD-1.A.11 (EK)
,
PRD-1.A.9 (EK)
📺 Economies and diseconomies of scale
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.10 (EK)
,
PRD-1.A.11 (EK)
,
PRD-1.A.9 (EK)
📺 Minimum efficient scale and market concentration
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.12 (EK)
Long-run production costs
PRD-1 (EU)
,
PRD-1.A (LO)
,
PRD-1.A.10 (EK)
,
PRD-1.A.11 (EK)
,
PRD-1.A.12 (EK)
,
PRD-1.A.9 (EK)
Types of profit
CBA (BI)
,
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.C (LO)
,
CBA-2.C.1 (EK)
,
CBA-2.C.2 (EK)
📺 Economic profit vs accounting profit
CBA-2 (EU)
,
CBA-2.C (LO)
,
CBA-2.C.1 (EK)
,
CBA-2.C.2 (EK)
Types of profit
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.C (LO)
,
CBA-2.C.1 (EK)
,
CBA-2.C.2 (EK)
Profit maximization
CBA (BI)
,
CBA-2 (EU)
,
CBA-2.A (LO)
,
CBA-2.D (LO)
,
CBA-2.D.1 (EK)
📺 Profit maximization
CBA-2 (EU)
,
CBA-2.D (LO)
,
CBA-2.D.1 (EK)
📺 Profit maximization worked example
CBA-2 (EU)
,
CBA-2.D (LO)
,
CBA-2.D.1 (EK)
Profit maximization
CBA-2 (EU)
,
CBA-2.D (LO)
,
CBA-2.D.1 (EK)
Firms’ Short-run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
PRD (BI)
,
PRD-2 (EU)
,
PRD-2.A (LO)
,
PRD-2.A.1 (EK)
,
PRD-2.A.2 (EK)
📺 Shutting down or exiting industry based on price
PRD-2 (EU)
,
PRD-2.A (LO)
,
PRD-2.A.1 (EK)
,
PRD-2.A.2 (EK)
Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
PRD-2 (EU)
,
PRD-2.A (LO)
,
PRD-2.A.1 (EK)
,
PRD-2.A.2 (EK)
Perfect competition
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.1 (EK)
,
PRD-3.A.2 (EK)
,
PRD-3.A.3 (EK)
,
PRD-3.A.4 (EK)
,
PRD-3.A.5 (EK)
,
PRD-3.A.6 (EK)
,
PRD-3.A.7 (EK)
,
PRD-3.A.8 (EK)
,
PRD-3.A.9 (EK)
📺 Introduction to perfect competition
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.1 (EK)
,
PRD-3.A.3 (EK)
,
PRD-3.A.4 (EK)
📺 Economic profit for firms in perfectly competitive markets
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.1 (EK)
,
PRD-3.A.3 (EK)
,
PRD-3.A.4 (EK)
Perfect competition foundational concepts
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.1 (EK)
,
PRD-3.A.3 (EK)
,
PRD-3.A.4 (EK)
📺 Long-run economic profit for perfectly competitive firms
PRD-3 (EU)
,
PRD-3.A.3 (EK)
,
PRD-3.A.6 (EK)
,
PRD-3.A.7 (EK)
📺 Long-run supply curve in constant cost perfectly competitive markets
PRD-3.A.3 (EK)
📺 Long run supply when industry costs aren't constant
PRD-3.A.8 (EK)
,
PRD-3.A.9 (EK)
📺 Free response question (FRQ) on perfect competition
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.1 (EK)
,
PRD-3.A.3 (EK)
Perfect competition in the short run and long run
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.2 (EK)
,
PRD-3.A.5 (EK)
,
PRD-3.A.6 (EK)
,
PRD-3.A.7 (EK)
Increasing, decreasing, and constant cost industries
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.8 (EK)
,
PRD-3.A.9 (EK)
Efficiency and perfect competition
PRD-3 (EU)
,
PRD-3.A (LO)
,
PRD-3.A.2 (EK)
,
PRD-3.A.8 (EK)
,
PRD-3.A.9 (EK)
PRD (BI)
,
PRD-3 (EU)
ContentStandards
Introduction to imperfect competition
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.2 (EK)
,
PRD-3.B.3 (EK)
,
PRD-3.B.4 (EK)
📺 Perfect and imperfect competition
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.2 (EK)
,
PRD-3.B.4 (EK)
📺 Types of competition and marginal revenue
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.2 (EK)
📺 Marginal revenue and marginal cost in imperfect competition
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.3 (EK)
Imperfect competition
PRD-1 (EU)
,
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.2 (EK)
,
PRD-3.B.3 (EK)
,
PRD-3.B.4 (EK)
Monopoly
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.5 (EK)
,
PRD-3.B.6 (EK)
,
PRD-3.B.7 (EK)
📺 Monopolies vs. perfect competition
PRD-3.B (LO)
,
PRD-3.B.5 (EK)
,
PRD-3.B.6 (EK)
📺 Economic profit for a monopoly
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.6 (EK)
📺 Monopolist optimizing price: Total revenue
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.6 (EK)
📺 Monopolist optimizing price: Marginal revenue
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.5 (EK)
,
PRD-3.B.6 (EK)
📺 Monopolist optimizing price: Dead weight loss
PRD-3 (EU)
,
PRD-3.B.6 (EK)
📺 Review of revenue and cost graphs for a monopoly
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.6 (EK)
Monopoly
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.1 (EK)
,
PRD-3.B.5 (EK)
,
PRD-3.B.6 (EK)
,
PRD-3.B.7 (EK)
Efficiency and monopolies
Price discrimination
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.8 (EK)
,
PRD-3.B.9 (EK)
📺 Price discrimination
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.8 (EK)
,
PRD-3.B.9 (EK)
📺 Monopoly price discrimination
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.8 (EK)
,
PRD-3.B.9 (EK)
Price discrimination
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.8 (EK)
,
PRD-3.B.9 (EK)
Monopolistic competition
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.10 (EK)
📺 Oligopolies and monopolistic competition
PRD-3.B (LO)
,
PRD-3.B.10 (EK)
,
PRD-3.C.1 (EK)
📺 Monopolistic competition and economic profit
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.10 (EK)
📺 Long run economic profit for monopolistic competition
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.10 (EK)
Monopolistic competition
PRD-3 (EU)
,
PRD-3.B (LO)
,
PRD-3.B.10 (EK)
Oligopoly and game theory
PRD (BI)
,
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.1 (EK)
,
PRD-3.C.2 (EK)
,
PRD-3.C.3 (EK)
,
PRD-3.C.4 (EK)
,
PRD-3.C.5 (EK)
,
PRD-3.C.6 (EK)
,
PRD-3.C.7 (EK)
📺 Oligopolies, duopolies, collusion, and cartels
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.1 (EK)
,
PRD-3.C.2 (EK)
📺 Prisoners' dilemma and Nash equilibrium
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.3 (EK)
,
PRD-3.C.4 (EK)
,
PRD-3.C.5 (EK)
,
PRD-3.C.6 (EK)
📺 More on Nash equilibrium
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.3 (EK)
,
PRD-3.C.4 (EK)
,
PRD-3.C.5 (EK)
,
PRD-3.C.6 (EK)
📺 Why parties to cartels cheat
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.6 (EK)
,
PRD-3.C.7 (EK)
📺 Game theory of cheating firms
PRD-3 (EU)
,
PRD-3.C.6 (EK)
,
PRD-3.C.7 (EK)
📺 Game theory worked example from AP Microeconomics
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.1 (EK)
,
PRD-3.C.2 (EK)
,
PRD-3.C.3 (EK)
,
PRD-3.C.4 (EK)
,
PRD-3.C.5 (EK)
,
PRD-3.C.6 (EK)
Oligopoly and game theory: foundational concepts
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.1 (EK)
,
PRD-3.C.2 (EK)
,
PRD-3.C.3 (EK)
,
PRD-3.C.4 (EK)
,
PRD-3.C.5 (EK)
Game Theory
PRD-3 (EU)
,
PRD-3.C (LO)
,
PRD-3.C.2 (EK)
,
PRD-3.C.5 (EK)
,
PRD-3.C.6 (EK)
,
PRD-3.C.7 (EK)
PRD (BI)
,
PRD-4 (EU)
ContentStandards
Introduction to factor markets
PRD (BI)
,
PRD-4 (EU)
,
PRD-4.A (LO)
,
PRD-4.A.1 (EK)
,
PRD-4.A.2 (EK)
📺 A firm's marginal product revenue curve
PRD-4 (EU)
,
PRD-4.A (LO)
,
PRD-4.A.1 (EK)
,
PRD-4.A.2 (EK)
📺 How many people to hire given the MPR curve
PRD-4 (EU)
,
PRD-4.A (LO)
,
PRD-4.A.1 (EK)
,
PRD-4.A.2 (EK)
📺 Introduction to labor markets
PRD-4 (EU)
,
PRD-4.A (LO)
,
PRD-4.A.1 (EK)
,
PRD-4.A.2 (EK)
Introduction to Factor Markets
PRD-4 (EU)
,
PRD-4.A (LO)
,
PRD-4.A.1 (EK)
,
PRD-4.A.2 (EK)
Changes in factor demand and supply
PRD (BI)
,
PRD-4.B (LO)
,
PRD-4.B.1 (EK)
,
PRD-4.B.2 (EK)
📺 Adding demand curves
PRD-4 (EU)
,
PRD-4.B (LO)
📺 Changes in labor supply
PRD-4 (EU)
,
PRD-4.B (LO)
,
PRD-4.B.2 (EK)
📺 Shifts in the demand for labor
PRD-4 (EU)
,
PRD-4.B (LO)
,
PRD-4.B.1 (EK)
Changes in factor demand and supply
PRD-4 (EU)
,
PRD-4.B (LO)
,
PRD-4.B.1 (EK)
,
PRD-4.B.2 (EK)
Profit-maximizing behavior in perfectly competitive factor markets
PRD (BI)
,
PRD-4 (EU)
,
PRD-4.C (LO)
,
PRD-4.C.1 (EK)
,
PRD-4.C.2 (EK)
,
PRD-4.C.3 (EK)
,
PRD-4.C.4 (EK)
📺 Cost minimizing choice of inputs
PRD-4 (EU)
,
PRD-4.C (LO)
,
PRD-4.C.1 (EK)
,
PRD-4.C.2 (EK)
,
PRD-4.C.3 (EK)
,
PRD-4.C.4 (EK)
📺 Factor markets worked example
PRD-4 (EU)
,
PRD-4.C.1 (EK)
,
PRD-4.C.2 (EK)
,
PRD-4.C.3 (EK)
,
PRD-4.C.4 (EK)
Profit-maximizing behavior in perfectly competitive factor markets
Monopsonistic markets
PRD (BI)
,
PRD-4 (EU)
,
PRD-4.D (LO)
,
PRD-4.D.1 (EK)
,
PRD-4.D.2 (EK)
📺 A monopsonistic market for labor
PRD-4 (EU)
,
PRD-4.D (LO)
,
PRD-4.D.1 (EK)
,
PRD-4.D.2 (EK)
📺 Monopsony employers and minimum wages
PRD-4.D (LO)
,
PRD-4.D.1 (EK)
,
PRD-4.D.2 (EK)
Monopsony: Foundational concepts
PRD-4.D (LO)
,
PRD-4.D.1 (EK)
,
PRD-4.D.2 (EK)
Monopsonistic Markets
PRD-4.D (LO)
,
PRD-4.D.1 (EK)
,
PRD-4.D.2 (EK)
POL (BI)
,
POL-2 (EU)
,
POL-4 (EU)
,
POL-5 (EU)
ContentStandards
Socially efficient and inefficient market outcomes
POL (BI)
,
POL-2 (EU)
,
POL-2.A (LO)
,
POL-2.B (LO)
,
POL-2.C (LO)
,
POL-2.A.1 (EK)
,
POL-2.A.2 (EK)
,
POL-2.B.1 (EK)
,
POL-2.B.2 (EK)
,
POL-2.B.3 (EK)
,
POL-2.B.4 (EK)
,
POL-2.C.1 (EK)
,
POL-2.C.2 (EK)
📺 Socially efficient and inefficient outcomes
POL-2 (EU)
,
POL-2.A (LO)
,
POL-2.B (LO)
,
POL-2.C (LO)
,
POL-2.A.1 (EK)
,
POL-2.A.2 (EK)
,
POL-2.B.1 (EK)
,
POL-2.B.2 (EK)
,
POL-2.B.3 (EK)
,
POL-2.B.4 (EK)
,
POL-2.C.1 (EK)
,
POL-2.C.2 (EK)
Socially efficient and inefficient market outcomes
POL-2 (EU)
,
POL-2.A (LO)
,
POL-2.B (LO)
,
POL-2.C (LO)
,
POL-2.A.1 (EK)
,
POL-2.A.2 (EK)
,
POL-2.B.1 (EK)
,
POL-2.B.2 (EK)
,
POL-2.B.3 (EK)
,
POL-2.B.4 (EK)
,
POL-2.C.1 (EK)
,
POL-2.C.2 (EK)
Externalities
POL (BI)
,
POL-3 (EU)
,
POL-3.A (LO)
,
POL-3.B (LO)
,
POL-3.A.1 (EK)
,
POL-3.A.2 (EK)
,
POL-3.A.3 (EK)
,
POL-3.A.4 (EK)
,
POL-3.B.1 (EK)
📺 Negative externalities
POL-3 (EU)
,
POL-3.A (LO)
,
POL-3.B (LO)
,
POL-3.A.1 (EK)
,
POL-3.A.2 (EK)
,
POL-3.A.3 (EK)
,
POL-3.A.4 (EK)
,
POL-3.B.1 (EK)
📺 Positive externalities
POL-3 (EU)
,
POL-3.A (LO)
,
POL-3.B (LO)
,
POL-3.A.1 (EK)
,
POL-3.A.2 (EK)
,
POL-3.A.3 (EK)
,
POL-3.A.4 (EK)
,
POL-3.B.1 (EK)
Externalities: Foundational concepts
POL-3 (EU)
,
POL-3.A (LO)
,
POL-3.A.1 (EK)
,
POL-3.A.2 (EK)
,
POL-3.A.3 (EK)
Externalities
POL-3 (EU)
,
POL-3.B (LO)
,
POL-3.A.1 (EK)
,
POL-3.A.3 (EK)
,
POL-3.A.4 (EK)
,
POL-3.B.1 (EK)
Public and private goods
POL (BI)
,
POL-3 (EU)
,
POL-3.C (LO)
,
POL-3.C.1 (EK)
,
POL-3.C.2 (EK)
,
POL-3.C.3 (EK)
,
POL-3.C.4 (EK)
📺 Tragedy of the commons
POL-3 (EU)
,
POL-3.C (LO)
,
POL-3.C.1 (EK)
,
POL-3.C.2 (EK)
📺 Rival and excludable goods
POL-3 (EU)
,
POL-3.C (LO)
,
POL-3.C.1 (EK)
,
POL-3.C.2 (EK)
,
POL-3.C.4 (EK)
Public and private goods
POL-3 (EU)
,
POL-3.C (LO)
,
POL-3.C.1 (EK)
,
POL-3.C.2 (EK)
,
POL-3.C.3 (EK)
,
POL-3.C.4 (EK)
The effects of government intervention in different market structures
POL (BI)
,
POL-4 (EU)
,
POL-4.A (LO)
,
POL-4.A.1 (EK)
,
POL-4.A.2 (EK)
,
POL-4.A.3 (EK)
,
POL-4.A.4 (EK)
,
POL-4.A.5 (EK)
,
POL-4.A.6 (EK)
,
POL-4.A.7 (EK)
📺 Taxes for factoring in negative externalities
POL-4 (EU)
,
POL-4.A (LO)
,
POL-4.A.1 (EK)
The effects of government intervention in different market structures
POL-4.A (LO)
,
POL-4.A.1 (EK)
,
POL-4.A.2 (EK)
,
POL-4.A.3 (EK)
,
POL-4.A.4 (EK)
,
POL-4.A.5 (EK)
,
POL-4.A.6 (EK)
,
POL-4.A.7 (EK)
Inequality
POL (BI)
,
POL-5 (EU)
,
POL-5.A (LO)
,
POL-5.B (LO)
,
POL-5.A.1 (EK)
,
POL-5.A.2 (EK)
,
POL-5.B.1 (EK)
,
POL-5.B.2 (EK)
📺 Gini Coefficient and Lorenz Curve
POL-5 (EU)
,
POL-5.A (LO)
,
POL-5.B (LO)
,
POL-5.A.1 (EK)
,
POL-5.A.2 (EK)
,
POL-5.B.1 (EK)
,
POL-5.B.2 (EK)
Inequality
POL-5 (EU)
,
POL-5.A (LO)
,
POL-5.B (LO)
,
POL-5.A.1 (EK)
,
POL-5.A.2 (EK)
,
POL-5.B.1 (EK)
,
POL-5.B.2 (EK)

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