AP Microeconomics
Breakdown of the most
important topics
from our Micro.
presentations in order of being learned
1. The
Production Possibilities Curve/Frontier, Constant and Increasing Opportunity Costs,
and
Productive
and Allocative Efficiency
2. Absolute and
Comparative Advantage
3. Free Market and
Command Economies
4. The
Laws of Demand and Supply, Double-Shifts, and Market Equilibrium
5. Price Controls- Price Ceilings
and Price Floors
6. Cross-Price
Elasticity, Price Elasticity of Demand, Levels of Elasticity, Income Elasticity
of
Demand,
and Price Elasticity of Supply
8. Marginal Benefit
and Consumer Surplus
9. Firms
in Perfectly Competitive or Pure Markets in the Short-Run
10. Marginal Cost and
Producer Surplus
11. Marginal
Product of Labor and Marginal Revenue Product of Labor
12. Tariffs,
Deadweight Loss from Taxation, Types of Taxes, and who Pays More
13. Firms
in Perfectly Competitive Markets Earning Profit and Losses and in Breakeven and
Shutdown
14. The
Long-Run Average Total Cost Curve and Internal and External Economies and
Diseconomies of
15. Firms
in Perfectly Competitive Markets in the Short-Run and Long-Run
16. Accounting and Economic
Profit
17. Monopolies
Earning Profit and Losses and in Breakeven and Shutdown
18. A
Monopoly’s Elastic and Inelastic Ranges and Total Revenue
20. Price-Discriminating
Monopolies
22. Oligopolies and Game Theory
23. Antitrust Policy and
Collusion
24. Firms
in Perfectly Competitive Labor Markets
25. A
Monopsony
26. Taxes,
the Laffer Curve, the Lorenz Curve and Gini Coefficient
27. Public
Goods