APM1: Basic Economic Concepts

Basic Economic Concepts

This unit represents 12-15% of the AP Microeconomics test.

  • Outline
    • 1.1 Scarcity
    • 1.2 Resource Allocation and Economic Systems
    • 1.3 Production Possibilities Curve
    • 1.4 Comparative Advantage and Trade
    • 1.5 Cost-Benefit Analysis
    • 1.6 Marginal Analysis and Consumer Choice

Unit Notes and Assignments

Notes: Fundamentals of Economics

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