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AP Microeconomics · Unit 1 · 12–15% of the exam

Basic Economic Concepts

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Step 1 · Summary

Start with the whole unit in one sitting, so each topic video has somewhere to land.

Video coming
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Step 2 · Topics

Watch each video first, then practice it separately. Practice is untimed and explains every answer.

  1. 1.1ScarcityVideo coming · 5 questionsWatchPractice
  2. 1.2Resource Allocation and Economic SystemsVideo coming · 5 questionsWatchPractice
  3. 1.3Production Possibilities CurveVideo coming · 10 questionsWatchPractice
  4. 1.4Comparative Advantage and Gains from TradeVideo coming · 20 questionsWatchPractice
  5. 1.5Cost-Benefit AnalysisVideo coming · 8 questionsWatchPractice
  6. 1.6Marginal Analysis and Consumer ChoiceVideo coming · 12 questionsWatchPractice
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Step 3 · Exit test

Not started

20 questions, 60s each, no feedback until the end. Pass at 80% correct with 70% inside target time. Two passes in a row and the unit is mastered.

Passes toward mastery0 of 2
Take the exit test
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Step 4 · Free response

One long and two short questions, self-graded against an AP-style rubric. Coming for this unit.

Discussion

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A general thread for the unit, plus one thread per free-response question that unlocks once you have submitted your own answer. Post graphs as photos; instructors can moderate.