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AP Microeconomics Notes

共82页

Unit One

Basic Economic Concepts                      Chapters 1,2, 4, 6

Scarcity and Opportunity Cost

Economic Systems: the Market System

Specialization and Comparative Advantage

Unit Two  

Nature and Function of Product Market          Chapters 3, 20, 21

Supply and Demand

Ceilings and floors

Elasticity and applications

Models of consumer choice

Unit Three

Firm production, costs, revenues                  Chapters 22, 23, 24, 25

Production costs

Product Pricing within different market structures

Efficiency and government policy toward imperfect markets

Unit Four

Factor Markets                                  Chapters 27,28

Derived Demand for labor

Resource Market Pricing

Unit Five

Efficiency, income equity, the role of government     Chapters 5, 30, 31

Externalities

Public Goods

Distribution of Income