Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
Unit 6:  Market Failure & 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 Effect of Government Intervention in Different Market Structures
Topic 6.5   Inequality
(8% – 13% of the exam)
9 - 11 class periods
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Unit 6
Market Failure & the Role of Government
Week 15
Below are lessons for Unit 6: Topics 6.4 aligned to the AP® Microeconomics CED.
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.

These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.

Link to the  
AP®  Microeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 6:  Market Failure & the Role of Government.
Principles of Microeconomics
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Day 1:  Week 15
Day 2:  Week 15
2007 FRQ #1 (Per-unit subsidy)
2007 FRQ #1 Scoring Guidelines (rubric)
2008 FRQ #1 (Lump-sum subsidy)
2008 FRQ #1 Scoring Guidelines (rubric)
Topic 6.4   The Effect of Gov. Intervention in Different Market Structures
2000 FRQ #1 Scoring Guidelines (rubric)
2000 FRQ #1 (Per-unit subsidy)
This whole week will be LONG FRQs for Topic 6.4.
Students should take 5 minutes to prepare the rubric on how the questions
will be graded.  Students will then begin the Question #1 (long FRQ) and
have 25 minutes to complete the question.  The teacher or student(s) will then
grade their exam using the Scoring Guidelines.  This whole process of setting
up the rubric, writing the answer to the questions, and going over the answer
should take no more than 50 minutes.
Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
2022 FRQ, Set 1, #1 (Monopoly, Per-unit tax, MR, TR Maximization)
2022 FRQ #1 Scoring Guidelines (rubric)
2015 FRQ #1 Scoring Guidelines (rubric)
2015 FRQ #1 (Lump-sum subsidy)
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Topic 6.4   The Effect of Gov. Intervention in Different Market Structures
Day 3:  Week 15
Topic 6.4   The Effect of Gov. Intervention in Different Market Structures
Day 4:  Week 15
Topic 6.4   The Effect of Gov. Intervention in Different Market Structures
Day 5:  Week 15
Topic 6.4   The Effect of Gov. Intervention in Different Market Structures
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2024 FRQ, Set 1, #2 (Lump-sum tax, P ceiling, P floor)
2024 FRQ, Set 1, #2 Scoring Guidelines has NOT been published as of 8/26/2024
Go to The College Board® FRQs website for the answer to 2024 later in the year, possibly:  
https://apcentral.collegeboard.org/courses/ap-microeconomics/exam/past-exam-questions