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Course: AP®︎/College Microeconomics > Unit 7
Lesson 1: See how our course content aligns with AP®︎ Microeconomics standardsAP®︎ Microeconomics standards aligned to course content
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- Property rights in a market system
- Comparative advantage, specialization, and gains from trade
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
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- Property rights in a market system
- Comparative advantage, specialization, and gains from trade
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
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- Property rights in a market system
- Comparative advantage, specialization, and gains from trade
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
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- Comparative advantage, specialization, and gains from trade
- Comparative advantage and absolute advantage
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
- Law of demand
- Price of related products and demand
- Change in expected future prices and demand
- Changes in income, population, or preferences
- Normal and inferior goods
- Change in demand versus change in quantity demanded
- Law of supply
- Factors affecting supply
- Market equilibrium
- Changes in market equilibrium
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- Comparative advantage, specialization, and gains from trade
- Comparative advantage and absolute advantage
- Opportunity cost and comparative advantage using an output table
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
- Law of demand
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- Comparative advantage, specialization, and gains from trade
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
- Price of related products and demand
- Change in expected future prices and demand
- Changes in income, population, or preferences
- Normal and inferior goods
- Change in demand versus change in quantity demanded
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- Comparative advantage, specialization, and gains from trade
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- Comparative advantage worked example
- Price of related products and demand
- Change in expected future prices and demand
- Changes in income, population, or preferences
- Normal and inferior goods
- Change in demand versus change in quantity demanded
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- Markets and property rights
- Law of demand
- Deriving demand curve from tweaking marginal utility per dollar
- Market demand as the sum of individual demand
- Substitution and income effects and the law of demand
- Price of related products and demand
- Change in expected future prices and demand
- Changes in income, population, or preferences
- Normal and inferior goods
- Inferior goods clarification
- Change in demand versus change in quantity demanded
- Law of supply
- Factors affecting supply
- Introduction to price elasticity of demand
- Determinants of price elasticity of demand
- Determinants of elasticity example
- Perfect inelasticity and perfect elasticity of demand
- Constant unit elasticity
- Total revenue and elasticity
- More on total revenue and elasticity
- Introduction to price elasticity of supply
- Price elasticity of supply determinants
- Income elasticity of demand
- Cross-price elasticity of demand
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- Markets, property rights, and the law of demand
- Demand and the determinants of demand
- Supply and the law of supply
- Changes in the determinants of supply
- Price Elasticity of Demand and its Determinants
- Determinants of price elasticity and the total revenue rule
- Price Elasticity of Supply and its Determinants
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
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- Introduction to price elasticity of demand
- Determinants of price elasticity of demand
- Determinants of elasticity example
- Constant unit elasticity
- Total revenue and elasticity
- More on total revenue and elasticity
- Introduction to price elasticity of supply
- Price elasticity of supply determinants
- Income elasticity of demand
- Cross-price elasticity of demand
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- Marginal utility and total utility
- Visualizing marginal utility MU and total utility TU functions
- Utility maximization: equalizing marginal utility per dollar
- Marginal utility free response example
- Marginal benefit AP free response question
- Economic profit vs accounting profit
- Profit maximization
- Profit maximization worked example
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- Short-run production costs
- Long-run production costs
- Firms’ Short-run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
- Perfect competition
- Introduction to imperfect competition
- Monopoly
- Price discrimination
- Monopolistic competition
- Oligopoly and game theory
- Introduction to factor markets
- Changes in factor demand and supply
- Profit-maximizing behavior in perfectly competitive factor markets
- Monopsonistic markets
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- Introduction to production functions
- Total product, marginal product, and average product
- Fixed, variable, and marginal cost
- Marginal cost, average variable cost, and average total cost
- Graphs of MC, AVC and ATC
- Marginal revenue and marginal cost
- Graphical impact of cost changes on marginal and average costs
- Long-run average total cost curve
- Economies and diseconomies of scale
- Minimum efficient scale and market concentration
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- Introduction to production functions
- Total product, marginal product, and average product
- Fixed, variable, and marginal cost
- Marginal cost, average variable cost, and average total cost
- Graphs of MC, AVC and ATC
- Marginal revenue and marginal cost
- Graphical impact of cost changes on marginal and average costs
- Long-run average total cost curve
- Economies and diseconomies of scale
- Minimum efficient scale and market concentration
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- Introduction to perfect competition
- Economic profit for firms in perfectly competitive markets
- Long-run economic profit for perfectly competitive firms
- Free response question (FRQ) on perfect competition
- Perfect and imperfect competition
- Types of competition and marginal revenue
- Marginal revenue and marginal cost in imperfect competition
- Economic profit for a monopoly
- Monopolist optimizing price: Total revenue
- Monopolist optimizing price: Marginal revenue
- Monopolist optimizing price: Dead weight loss
- Review of revenue and cost graphs for a monopoly
- Price discrimination
- Monopoly price discrimination
- Monopolistic competition and economic profit
- Long run economic profit for monopolistic competition
- Oligopolies, duopolies, collusion, and cartels
- Prisoners' dilemma and Nash equilibrium
- More on Nash equilibrium
- Why parties to cartels cheat
- Game theory of cheating firms
- Game theory worked example from AP Microeconomics
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- Perfect competition foundational concepts
- Perfect competition in the short run and long run
- Increasing, decreasing, and constant cost industries
- Efficiency and perfect competition
- Imperfect competition
- Monopoly
- Price discrimination
- Monopolistic competition
- Oligopoly and game theory: foundational concepts
- Game Theory
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- Perfect and imperfect competition
- Types of competition and marginal revenue
- Marginal revenue and marginal cost in imperfect competition
- Monopolies vs. perfect competition
- Economic profit for a monopoly
- Monopolist optimizing price: Total revenue
- Monopolist optimizing price: Marginal revenue
- Review of revenue and cost graphs for a monopoly
- Price discrimination
- Monopoly price discrimination
- Oligopolies and monopolistic competition
- Monopolistic competition and economic profit
- Long run economic profit for monopolistic competition
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- Rent control and deadweight loss
- Minimum wage and price floors
- How price controls reallocate surplus
- Taxation and dead weight loss
- Example breaking down tax incidence
- Taxes and perfectly inelastic demand
- Taxes and perfectly elastic demand
- Changing equilibria from trade
- Trade and tariffs
- Sample free response question (FRQ) on tariffs and trade
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Goodness gracious. That's a lot of stuff.(5 votes)
You can use 'content aligned to standards' page.(0 votes)