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Course: AP®︎/College Microeconomics > Unit 7

Lesson 1: See how our course content aligns with AP®︎ Microeconomics standards
Economics
AP®︎/College Microeconomics
AP®︎ Microeconomics Standards mappings
See how our course content aligns with AP®︎ Microeconomics standards
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AP®︎ Microeconomics content aligned to standards

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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.

How to use this mapping

Each of our units is listed with a table of its contents, with the course content on the left side (Lessons ☰, Articles 📝, Videos 📺, and Exercises ✅) and the covered standards on the right side.
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.
If you’re looking for all of the course content that’s aligned with a particular standard, you can use the “Find” feature of your browser to search for the standard or use the Standards aligned to content page.

Basic Economic Concepts

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ContentStandards
☰ Scarcity
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📺 Introduction to economics
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📺 Scarcity
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📺 Four factors of production
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📺 Scarcity and rivalry
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📺 Economic models
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📺 Normative and positive statements
✅ Scarcity
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☰ Resource Allocation and Economic Systems
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📺 Property rights in a market system
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✅ Resource allocation and economic systems
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☰ Production possibilities curve (PPC)
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📺 Production possibilities curve
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📺 Opportunity cost
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📺 Increasing opportunity cost
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📺 PPCs for increasing, decreasing and constant opportunity cost
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📺 Production Possibilities Curve as a model of a country's economy
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✅ Interpreting graphs of the production possibilities curve (PPC)
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✅ Calculating opportunity costs from a production possibilities curve (PPC)
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☰ Comparative advantage and trade
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📺 Comparative advantage, specialization, and gains from trade
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📺 Comparative advantage and absolute advantage
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📺 Opportunity cost and comparative advantage using an output table
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✅ Comparative advantage and absolute advantage
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📺 Terms of trade and the gains from trade
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📺 Input approach to determining comparative advantage
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📺 When there aren't gains from trade
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📺 Comparative advantage worked example
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✅ The terms of trade
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☰ Cost-benefit analysis
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📺 Optimal Decision-making and opportunity costs
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📺 Accounting profit vs economic profit
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📺 Introduction to utility
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✅ Cost-benefit analysis
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☰ Marginal analysis and consumer choice
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📺 Marginal utility and total utility
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📺 Visualizing marginal utility MU and total utility TU functions
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✅ Total Utility and Marginal Utility
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📺 Utility maximization: equalizing marginal utility per dollar
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📺 Marginal utility free response example
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📺 Marginal benefit AP free response question
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✅ Utility Maximization
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Supply and Demand

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ContentStandards
☰ Demand
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📺 Markets and property rights
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📺 Law of demand
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📺 Deriving demand curve from tweaking marginal utility per dollar
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📺 Market demand as the sum of individual demand
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📺 Substitution and income effects and the law of demand
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✅ Markets, property rights, and the law of demand
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📺 Price of related products and demand
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📺 Change in expected future prices and demand
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📺 Changes in income, population, or preferences
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📺 Normal and inferior goods
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📺 Inferior goods clarification
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📺 Change in demand versus change in quantity demanded
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✅ Demand and the determinants of demand
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☰ Supply
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📺 Law of supply
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📺 Change in supply versus change in quantity supplied
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✅ Supply and the law of supply
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📺 Factors affecting supply
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✅ Changes in the determinants of supply
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☰ Price elasticity of demand
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📺 Introduction to price elasticity of demand
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📺 Determinants of price elasticity of demand
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📺 Determinants of elasticity example
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✅ Price Elasticity of Demand and its Determinants
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📺 Perfect inelasticity and perfect elasticity of demand
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📺 Constant unit elasticity
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📺 Total revenue and elasticity
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📺 More on total revenue and elasticity
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✅ Determinants of price elasticity and the total revenue rule
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☰ Price elasticity of supply
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📺 Introduction to price elasticity of supply
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📺 Price elasticity of supply determinants
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✅ Price Elasticity of Supply and its Determinants
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☰ Other elasticities
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📺 Income elasticity of demand
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✅ Income Elasticity of Demand
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📺 Cross-price elasticity of demand
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✅ Cross-Price Elasticity of Demand
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☰ Market equilibrium and consumer and producer surplus
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📺 Market equilibrium
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✅ Market equilibrium
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📺 Demand curve as marginal benefit curve
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📺 Consumer surplus introduction
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📺 Total consumer surplus as area
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📺 Producer surplus
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📺 Equilibrium, allocative efficiency and total surplus
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✅ Consumer and Producer Surplus and Allocative Efficiency
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☰ Disequilibrium and changes in equilibrium
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📺 Changes in market equilibrium
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✅ Changes in equilibrium
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☰ The effects of government interventions in markets
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📺 Rent control and deadweight loss
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📺 Minimum wage and price floors
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✅ Price and quantity controls
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📺 How price controls reallocate surplus
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✅ The effect of government interventions on surplus
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📺 Taxation and dead weight loss
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📺 Example breaking down tax incidence
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📺 Taxes and perfectly inelastic demand
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📺 Taxes and perfectly elastic demand
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✅ Tax Incidence and Deadweight Loss
☰ International trade and public policy
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📺 Changing equilibria from trade
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📺 Trade and tariffs
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📺 Sample free response question (FRQ) on tariffs and trade
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✅ International trade and public policy
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Production, cost, and the perfect competition model

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ContentStandards
☰ The production function
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📺 Introduction to production functions
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📺 Total product, marginal product, and average product
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✅ The production function
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☰ Short-run production costs
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📺 Fixed, variable, and marginal cost
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📺 Marginal cost, average variable cost, and average total cost
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📺 Graphs of MC, AVC and ATC
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📺 Marginal revenue and marginal cost
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✅ Short-run production costs: foundational concepts
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📺 Marginal revenue below average total cost
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📺 How costs change when fixed and variable costs change
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📺 Graphical impact of cost changes on marginal and average costs
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✅ Short-run production costs
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☰ Long-run production costs
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📺 Long-run average total cost curve
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📺 Economies and diseconomies of scale
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📺 Minimum efficient scale and market concentration
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✅ Long-run production costs
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☰ Types of profit
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📺 Economic profit vs accounting profit
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✅ Types of profit
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☰ Profit maximization
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📺 Profit maximization
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📺 Profit maximization worked example
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✅ Profit maximization
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☰ Firms’ Short-run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
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📺 Shutting down or exiting industry based on price
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✅ Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
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☰ Perfect competition
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📺 Introduction to perfect competition
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📺 Economic profit for firms in perfectly competitive markets
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✅ Perfect competition foundational concepts
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📺 Long-run economic profit for perfectly competitive firms
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📺 Long-run supply curve in constant cost perfectly competitive markets
📺 Long run supply when industry costs aren't constant
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📺 Free response question (FRQ) on perfect competition
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✅ Perfect competition in the short run and long run
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✅ Increasing, decreasing, and constant cost industries
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✅ Efficiency and perfect competition
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Imperfect competition

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ContentStandards
☰ Introduction to imperfect competition
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📺 Perfect and imperfect competition
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📺 Types of competition and marginal revenue
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📺 Marginal revenue and marginal cost in imperfect competition
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✅ Imperfect competition
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☰ Monopoly
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📺 Monopolies vs. perfect competition
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📺 Economic profit for a monopoly
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📺 Monopolist optimizing price: Total revenue
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📺 Monopolist optimizing price: Marginal revenue
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📺 Monopolist optimizing price: Dead weight loss
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📺 Review of revenue and cost graphs for a monopoly
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✅ Monopoly
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✅ Efficiency and monopolies
☰ Price discrimination
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📺 Price discrimination
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📺 Monopoly price discrimination
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✅ Price discrimination
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☰ Monopolistic competition
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📺 Oligopolies and monopolistic competition
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📺 Monopolistic competition and economic profit
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📺 Long run economic profit for monopolistic competition
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✅ Monopolistic competition
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☰ Oligopoly and game theory
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📺 Oligopolies, duopolies, collusion, and cartels
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📺 Prisoners' dilemma and Nash equilibrium
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📺 More on Nash equilibrium
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📺 Why parties to cartels cheat
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📺 Game theory of cheating firms
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📺 Game theory worked example from AP Microeconomics
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✅ Oligopoly and game theory: foundational concepts
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✅ Game Theory
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Factor markets

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ContentStandards
☰ Introduction to factor markets
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📺 A firm's marginal product revenue curve
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📺 How many people to hire given the MPR curve
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📺 Introduction to labor markets
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✅ Introduction to Factor Markets
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☰ Changes in factor demand and supply
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📺 Adding demand curves
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📺 Changes in labor supply
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📺 Shifts in the demand for labor
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✅ Changes in factor demand and supply
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☰ Profit-maximizing behavior in perfectly competitive factor markets
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📺 Cost minimizing choice of inputs
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📺 Factor markets worked example
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✅ Profit-maximizing behavior in perfectly competitive factor markets
☰ Monopsonistic markets
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📺 A monopsonistic market for labor
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📺 Monopsony employers and minimum wages
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✅ Monopsony: Foundational concepts
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✅ Monopsonistic Markets
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Market failure and the role of government

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ContentStandards
☰ Socially efficient and inefficient market outcomes
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📺 Socially efficient and inefficient outcomes
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✅ Socially efficient and inefficient market outcomes
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☰ Externalities
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📺 Negative externalities
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📺 Positive externalities
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✅ Externalities: Foundational concepts
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✅ Externalities
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☰ Public and private goods
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📺 Tragedy of the commons
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📺 Rival and excludable goods
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✅ Public and private goods
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☰ The effects of government intervention in different market structures
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📺 Taxes for factoring in negative externalities
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✅ The effects of government intervention in different market structures
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☰ Inequality
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📺 Gini Coefficient and Lorenz Curve
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✅ Inequality
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