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?
  • Microeconomics and Macroeconomics
  • How Economists Use Theories and Models to Understand Economic Issues
  • How Economies Can Be Organized: An Overview of Economic Systems
  • Final Assessment
  • How Individuals Make Choices Based on Their Budget Constraint
  • The Production Possibilities Frontier and Social Choices
  • Confronting Objections to the Economic Approach
  • Final Assessment
  • Demand, Supply, and Equilibrium in Markets for Goods and Services
  • Shifts in Demand and Supply for Goods and Services
  • Changes in Equilibrium Price and Quantity: The Four-Step Process
  • Price Ceilings and Price Floors
  • Demand, Supply, and Efficiency
  • Final Assessment
  • Demand and Supply at Work in Labor Markets
  • Demand and Supply in Financial Markets
  • The Market System as an Efficient Mechanism for Information
  • Final Assessment
  • Price Elasticity of Demand and Price Elasticity of Supply
  • Polar Cases of Elasticity and Constant Elasticity
  • Elasticity and Pricing
  • Elasticity in Areas Other Than Price
  • Final Assessment
  • Consumption Choices
  • How Changes in Income and Prices Affect Consumption Choices
  • Labor-Leisure Choices
  • Intertemporal Choices in Financial Capital Markets
  • Final Assessment
  • Explicit and Implicit Costs, and Accounting and Economic Profit
  • Production in the Short Run
  • Costs in the Short Run
  • Production in the Long Run
  • Costs in the Long Run
  • Final Assessment
  • Perfect Competition and Why It Matters
  • How Perfectly Competitive Firms Make Output Decisions
  • Entry and Exit Decisions in the Long Run
  • Efficiency in Perfectly Competitive Markets
  • Final Assessment
  • How Monopolies Form: Barriers to Entry
  • How a Profit-Maximizing Monopoly Chooses Output and Price
  • Final Assessment
  • Monopolistic Competition
  • Oligopoly
  • Final Assessment
  • Corporate Mergers
  • Regulating Anticompetitive Behavior
  • Regulating Natural Monopolies
  • The Great Deregulation Experiment
  • Final Assessment
  • The Economics of Pollution
  • Command-and-Control Regulation
  • Market-Oriented Environmental Tools
  • The Benefits and Costs of U.S. Environmental Laws
  • International Environmental Issues
  • The Tradeoff between Economic Output and Environmental Protection
  • Final Assessment
  • Why the Private Sector Under Invests in Innovation
  • How Governments Can Encourage Innovation
  • Public Goods
  • Final Assessment
  • Drawing the Poverty Line
  • The Poverty Trap
  • The Safety Net
  • Income Inequality: Measurement and Causes
  • Government Policies to Reduce Income Inequality
  • Final Assessment
  • Market Power on the Supply Side of Labor Markets: Unions
  • Employment Discrimination
  • Immigration
  • Final Assessment
  • The Problem of Imperfect Information and Asymmetric Information
  • Insurance and Imperfect Information
  • Final Assessment
  • How Businesses Raise Financial Capital
  • How Households Supply Financial Capital
  • How to Accumulate Personal Wealth
  • Final Assessment
  • Voter Participation and Costs of Elections
  • Special Interest Politics
  • Flaws in the Democratic System of Government
  • Final Assessment
  • Absolute and Comparative Advantage
  • What Happens When a Country Has an Absolute Advantage in All Goods
  • Intra-industry Trade between Similar Economies
  • The Benefits of Reducing Barriers to International Trade
  • Final Assessment
  • Protectionism: An Indirect Subsidy from Consumers to Producers
  • International Trade and Its Effects on Jobs, Wages, and Working Conditions
  • Arguments in Support of Restricting Imports
  • How Trade Policy Is Enacted: Globally, Regionally, and Nationally
  • The Tradeoffs of Trade Policy
  • Final Assessment
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