| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award |
| AP® Principles of Microeconomics Weekly Unit Topic Lessons |
NOTE: This website is NOT a College Board® sponsored website. Everything on this website can be used by
teachers or students to get a better understanding of their college-level Principles of Microeconomics course
and Principles of Macroeconomics course.
teachers or students to get a better understanding of their college-level Principles of Microeconomics course
and Principles of Macroeconomics course.
| Unit 1: Basic Economic Concepts |
| Unit 2: Supply and Demand |
| Unit 3: Production, Costs, and Perfect Competition |
| Unit 5: Factors Market |
| Unit 6: Market Failure & Role of Government |
| Unit 4: Imperfect Competition |
| Unit 1: Basic Economic Concepts |
| Unit 2: Economic Indicators & Business Cycle |
| Unit 3: National Income & Price Determination |
| Unit 4: Financial Sector |
| Unit 5: LR Consequences & Stabilization Policies |
| Unit 6: Open Economy -- International Trade & Finance |
| 9 hours - 11 hours |
| 12% - 15% of exam |
| 13 hours - 15 hours |
| 20% - 25% of exam |
| 8 hours - 11 hours |
| 22% - 25% of exam |
| 8 hours - 10 hours |
| 15% - 22% of exam |
| 6 hours - 8 hours |
| 10% - 13% of exam |
| 9 hours - 11 hours |
| 8% - 13% of exam |
| AP® Principles of Macroeconomics Weekly Unit Topic Lessons |
Looking below, when you total the MAXIMUM hours
spent is 66 hours and divide that by 5 days a week
this equals 13.2 weeks. As you can see, you have
more time than you think for each week.
spent is 66 hours and divide that by 5 days a week
this equals 13.2 weeks. As you can see, you have
more time than you think for each week.
| 8 hours - 10 hours |
| 5% - 10% of exam |
| 9 hours - 11 hours |
| 12% - 17% of exam |
| 10 hours - 12 hours |
| 17% - 27% of exam |
| 11 hours - 13 hours |
| 18% - 23% of exam |
| 8 hours - 10 hours |
| 20% - 30% of exam |
| 5 hours - 7 hours |
| 10% - 13% of exam |
Looking below, when you total the MAXIMUM hours
spent is 63 hours and divide that by 5 days a week
this equals 12.6 weeks. As you can see, you have
more time than you think for each week.
spent is 63 hours and divide that by 5 days a week
this equals 12.6 weeks. As you can see, you have
more time than you think for each week.
Unit 1: Basic Economic Concepts
• Topic 1.1 Scarcity and Economic Systems
• Topic 1.2 Resource Allocation and Marginal Analysis
• Topic 1.3 Production Possibilities Curve
• Topic 1.4 Comparative Advantage and Trade
• Topic 1.5 Cost Benefit Analysis
• Topic 1.6 Marginal Analysis and Consumer Choice
• Topic 1.1 Scarcity and Economic Systems
• Topic 1.2 Resource Allocation and Marginal Analysis
• Topic 1.3 Production Possibilities Curve
• Topic 1.4 Comparative Advantage and Trade
• Topic 1.5 Cost Benefit Analysis
• Topic 1.6 Marginal Analysis and Consumer Choice
Unit 2: Supply and Demand
• Topic 2.1 Demand
• Topic 2.2 Supply & Simultaneous Shifts in S and D
• Topic 2.3 Price Elasticity of Demand
• Topic 2.4 Price Elasticity of Supply
• Topic 2.5 Other Elasticity (Income and Cross Elasticities)
• Topic 2.6 Market Equilibrium and Consumer & Producer
Surplus
• Topic 2.7 Market Disequilibrium and Changes in Equilibrium
• Topic 2.8 Effects of Government Interventions in Markets
(P Ceiling, P Floor, Tariff, Quota)
• Topic 2.9 International Trade and Public Policy
• Topic 2.1 Demand
• Topic 2.2 Supply & Simultaneous Shifts in S and D
• Topic 2.3 Price Elasticity of Demand
• Topic 2.4 Price Elasticity of Supply
• Topic 2.5 Other Elasticity (Income and Cross Elasticities)
• Topic 2.6 Market Equilibrium and Consumer & Producer
Surplus
• Topic 2.7 Market Disequilibrium and Changes in Equilibrium
• Topic 2.8 Effects of Government Interventions in Markets
(P Ceiling, P Floor, Tariff, Quota)
• Topic 2.9 International Trade and Public Policy
Unit 3: Production, Costs, and Perfect Competition
• Topic 3.1 The Production Function
• Topic 3.2 Short-Run Production Costs
• Topic 3.3 Long-Run Production Costs
• Topic 3.4 Types of Profit
• Topic 3.5 Profit Maximization
• Topic 3.6 Firms' SR Decisions to Produce and LR Decisions
to Enter or Exit
• Topic 3.7 Perfect Competition
• Topic 3.1 The Production Function
• Topic 3.2 Short-Run Production Costs
• Topic 3.3 Long-Run Production Costs
• Topic 3.4 Types of Profit
• Topic 3.5 Profit Maximization
• Topic 3.6 Firms' SR Decisions to Produce and LR Decisions
to Enter or Exit
• Topic 3.7 Perfect Competition
Unit 1: Basic Economic Concepts
• Topic 1.1 Scarcity
• Topic 1.2 Opportunity Cost and the Production Possibilities Curve
• Topic 1.3 Comparative Advantage and Gains from Trade
• Topic 1.4 Demand
• Topic 1.5 Supply
• Topic 1.6 Market Equilibrium, Disequilibrium, and Changes in
Equilibrium
• Topic 1.1 Scarcity
• Topic 1.2 Opportunity Cost and the Production Possibilities Curve
• Topic 1.3 Comparative Advantage and Gains from Trade
• Topic 1.4 Demand
• Topic 1.5 Supply
• Topic 1.6 Market Equilibrium, Disequilibrium, and Changes in
Equilibrium
Unit 2: Economic Indicators & Business Cycle
• Topic 2.1 Circular Flow and GDP
• Topic 2.2 Limitations of GDP
• Topic 2.3 Unemployment
• Topic 2.4 Price Indices and Inflation
• Topic 2.5 Cost of Inflation
• Topic 2.6 Real v. Nominal GDP
• Topic 2.7 Business Cycles
• Topic 2.1 Circular Flow and GDP
• Topic 2.2 Limitations of GDP
• Topic 2.3 Unemployment
• Topic 2.4 Price Indices and Inflation
• Topic 2.5 Cost of Inflation
• Topic 2.6 Real v. Nominal GDP
• Topic 2.7 Business Cycles
Unit 3: National Income and Price Determination
• Topic 3.1 Aggregate Demand (AD)
• Topic 3.2 Multipliers
• Topic 3.3 Short-Run Aggregate Supply (SRAS)
• Topic 3.4 Long-Run Aggregate Supply (LRAS)
• Topic 3.5 Equilibrium in the ASAD Model
• Topic 3.6 Changes in the ASAD Model in the SR
• Topic 3.7 LR Self-Adjustment
• Topic 3.8 Changes in the ASAD Model in the SR
• Topic 3.9 LR Self-Adjustment
• Topic 3.1 Aggregate Demand (AD)
• Topic 3.2 Multipliers
• Topic 3.3 Short-Run Aggregate Supply (SRAS)
• Topic 3.4 Long-Run Aggregate Supply (LRAS)
• Topic 3.5 Equilibrium in the ASAD Model
• Topic 3.6 Changes in the ASAD Model in the SR
• Topic 3.7 LR Self-Adjustment
• Topic 3.8 Changes in the ASAD Model in the SR
• Topic 3.9 LR Self-Adjustment
| Inside the lesson links below, enlarge or shrink screen when applicable. To move the lines on the graph, take the yellow highlighted labels and drag the lines. You can then draw on the graphs with your cursor or finger. |
Unit 4: Imperfect Competition
• Topic 4.1 Introduction to Imperfectly Competitive Markets
• Topic 4.2 Monopoly
• Topic 4.3 Price Discrimination
• Topic 4.4 Monopolistic Competition
• Topic 4.5 Oligopoly and Game Theory
• Topic 4.1 Introduction to Imperfectly Competitive Markets
• Topic 4.2 Monopoly
• Topic 4.3 Price Discrimination
• Topic 4.4 Monopolistic Competition
• Topic 4.5 Oligopoly and Game Theory
Unit 4: Financial Sector
• Topic 4.1 Financial Assets
• Topic 4.2 Nominal v. Real Interest Rates
• Topic 4.3 Definition, Measurement, & Functions of Money
• Topic 4.4 History of Banking and the Expansion of the
Money Supply
• Topic 4.5 History of the Money Market
• Topic 4.6 Current Monetary Policy
• Topic 4.7 The Loanable Funds Market
• Topic 4.1 Financial Assets
• Topic 4.2 Nominal v. Real Interest Rates
• Topic 4.3 Definition, Measurement, & Functions of Money
• Topic 4.4 History of Banking and the Expansion of the
Money Supply
• Topic 4.5 History of the Money Market
• Topic 4.6 Current Monetary Policy
• Topic 4.7 The Loanable Funds Market
Unit 5: Factor Markets
• Topic 5.1 Introduction to Factor Markets
• Topic 5.2 Changes in Factor Demand and Factor Supply
• Topic 5.3 Profit-Maximizing Behavior in Perfectly Competitive
Factor Markets
• Topic 5.4 Monopolistic Competition
• Topic 5.1 Introduction to Factor Markets
• Topic 5.2 Changes in Factor Demand and Factor Supply
• Topic 5.3 Profit-Maximizing Behavior in Perfectly Competitive
Factor Markets
• Topic 5.4 Monopolistic Competition
Unit 5: Long-Run Consequences of Stabilization Policies
• Topic 5.1 Fiscal & Monetary Policy Actions in the Short Run
• Topic 5.2 The Phillips Curve
• Topic 5.3 Money Growth and Inflation
• Topic 5.4 Government Deficits and the National Debt
• Topic 5.5 Crowding Out
• Topic 5.6 Economic Growth
• Topic 5.7 Public Policy and Economic Growth
• Topic 5.1 Fiscal & Monetary Policy Actions in the Short Run
• Topic 5.2 The Phillips Curve
• Topic 5.3 Money Growth and Inflation
• Topic 5.4 Government Deficits and the National Debt
• Topic 5.5 Crowding Out
• Topic 5.6 Economic Growth
• Topic 5.7 Public Policy and Economic Growth
Unit 6: Market Failure and the Role Of Government
• Topic 6.1 Socially Efficient & Inefficient Market Outcomes
• Topic 6.2 Externalities
• Topic 6.3 Public and Private Goods
• Topic 6.4 The Effects of Government Intervention to Different
Market Structures
• Topic 6.5 Inequalities
• Topic 6.1 Socially Efficient & Inefficient Market Outcomes
• Topic 6.2 Externalities
• Topic 6.3 Public and Private Goods
• Topic 6.4 The Effects of Government Intervention to Different
Market Structures
• Topic 6.5 Inequalities
Unit 6: Open Economy -- International Trade and Finance
• Topic 6.1 Balance of Payments Account
• Topic 6.2 Exchange Rates
• Topic 6.3 The Foreign Exchange Market
• Topic 6.4 Effect of Changes in Policies and Economic
Conditions on the Foreign Exchange Market
• Topic 6.5 Changes in the Foreign Exchange Market and
Net Exports
• Topic 6.6 Real Interest Rates and International Capital Flows
• Topic 6.1 Balance of Payments Account
• Topic 6.2 Exchange Rates
• Topic 6.3 The Foreign Exchange Market
• Topic 6.4 Effect of Changes in Policies and Economic
Conditions on the Foreign Exchange Market
• Topic 6.5 Changes in the Foreign Exchange Market and
Net Exports
• Topic 6.6 Real Interest Rates and International Capital Flows