AP® PRINCIPLES OF MICROECONOMICS COURSE
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The AP® Principles of Microeconomics course contains 94 self-grading microlearning lessons that you can upload to your Learning Management System (LMS).
The AP® Principles of Microeconomics course covers the scope and sequence requirements for an Advanced Placement® microeconomics course and is derived from OpenStax’s AP® Principles of Microeconomics, which is listed on the College Board’s AP® example textbook list. It includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts.
What is Advanced Placement (AP®)? Advanced Placement (AP) is a program in the United States and Canada created by the College Board, which offers college-level curricula and examinations to high school students.
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What Is Economics, and Why Is It Important?
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Microeconomics and Macroeconomics
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How Economists Use Theories and Models to Understand Economic Issues
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How Economies Can Be Organized: An Overview of Economic Systems
- Final Assessment

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How Individuals Make Choices Based on Their Budget Constraint
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The Production Possibilities Frontier and Social Choices
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Confronting Objections to the Economic Approach
- Final Assessment

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Demand, Supply, and Equilibrium in Markets for Goods and Services
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Shifts in Demand and Supply for Goods and Services
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Changes in Equilibrium Price and Quantity: The Four-Step Process
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Price Ceilings and Price Floors
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Demand, Supply, and Efficiency
- Final Assessment

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Demand and Supply at Work in Labor Markets
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Demand and Supply in Financial Markets
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The Market System as an Efficient Mechanism for Information
- Final Assessment

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Price Elasticity of Demand and Price Elasticity of Supply
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Polar Cases of Elasticity and Constant Elasticity
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Elasticity and Pricing
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Elasticity in Areas Other Than Price
- Final Assessment

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Consumption Choices
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How Changes in Income and Prices Affect Consumption Choices
- Labor-Leisure Choices
- Intertemporal Choices in Financial Capital Markets
- Final Assessment

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Explicit and Implicit Costs, and Accounting and Economic Profit
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Production in the Short Run
- Costs in the Short Run
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Production in the Long Run
- Costs in the Long Run
- Final Assessment

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Perfect Competition and Why It Matters
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How Perfectly Competitive Firms Make Output Decisions
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Entry and Exit Decisions in the Long Run
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Efficiency in Perfectly Competitive Markets
- Final Assessment

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How Monopolies Form: Barriers to Entry
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How a Profit-Maximizing Monopoly Chooses Output and Price
- Final Assessment

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Monopolistic Competition
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Oligopoly
- Final Assessment

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Corporate Mergers
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Regulating Anticompetitive Behavior
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Regulating Natural Monopolies
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The Great Deregulation Experiment
- Final Assessment

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The Economics of Pollution
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Command-and-Control Regulation
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Market-Oriented Environmental Tools
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The Benefits and Costs of U.S. Environmental Laws
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International Environmental Issues
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The Tradeoff between Economic Output and Environmental Protection
- Final Assessment

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Why the Private Sector Under Invests in Innovation
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How Governments Can Encourage Innovation
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Public Goods
- Final Assessment

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Drawing the Poverty Line
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The Poverty Trap
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The Safety Net
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Income Inequality: Measurement and Causes
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Government Policies to Reduce Income Inequality
- Final Assessment

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Market Power on the Supply Side of Labor Markets: Unions
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Employment Discrimination
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Immigration
- Final Assessment

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The Problem of Imperfect Information and Asymmetric Information
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Insurance and Imperfect Information
- Final Assessment

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How Businesses Raise Financial Capital
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How Households Supply Financial Capital
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How to Accumulate Personal Wealth
- Final Assessment

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Voter Participation and Costs of Elections
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Special Interest Politics
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Flaws in the Democratic System of Government
- Final Assessment

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Absolute and Comparative Advantage
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What Happens When a Country Has an Absolute Advantage in All Goods
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Intra-industry Trade between Similar Economies
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The Benefits of Reducing Barriers to International Trade
- Final Assessment

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Protectionism: An Indirect Subsidy from Consumers to Producers
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International Trade and Its Effects on Jobs, Wages, and Working Conditions
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Arguments in Support of Restricting Imports
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How Trade Policy Is Enacted: Globally, Regionally, and Nationally
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The Tradeoffs of Trade Policy
- Final Assessment
MORE INFORMATION
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