AP

AP Microeconomics

Learn About The Subject

AP Microeconomics analyzes how individuals and businesses make decisions under conditions of scarce resources and how these decisions interact in specific markets. The course explores principles of supply and demand, theories of consumer and firm behavior, different market structures, factor markets, and the role of government. Students will develop the ability to analyze economic behavior and predict market outcomes.

Common Challenges When Learning IGCSE Business Studies

Difficulty in applying Marginal Analysis thinking: Needing to understand and proficiently apply the concepts of marginal cost and marginal benefit to explain decisions.
Challenge with analyzing diverse graphs: Requiring accurate interpretation of many types of complex graphs related to supply-demand, costs, revenues, and market types.
Barrier in distinguishing market structures: Needing to master the characteristics, behaviors, and consequences of different market forms (perfect competition, monopoly, etc.).
Obstacle with analyzing market failures & interventions: Requiring a clear understanding of causes (externalities, public goods, etc.) and evaluation of government intervention measures.

Course Content

Unit 1: Basic Economic Concepts

1.1: Scarcity

1.2: Resource allocation and economic systems

1.3: The Production Possibilities Curve

1.4: Comparative advantage and gains from trade

1.5: Cost-benefit analysis

1.6: Marginal analysis and consumer choice

Unit 2: Supply and Demand

2.1: Demand

2.2: Supply

2.3: Elasticity

2.4: Market equilibrium, disequilibrium, and changes in equilibrium

2.5: The effects of government intervention in markets

2.6: International trade and public policy

Unit 3: Production, Cost, and the Perfect Competition Model

3.1: The production function

3.2: Short-run and long-run production costs

3.3: Types of profit

3.4: Profit maximization

3.5: Perfect competition

Unit 4: Imperfect Competition

4.1: Monopoly

4.2: Price discrimination

4.3: Monopolistic competition

4.4: Oligopoly and game theory

Unit 5: Factor Markets

5.1: Introduction to factor markets

5.2: Changes in factor demand and factor supply

5.3: Profit-maximizing behavior in perfectly competitive factor markets

5.4: Monopsonistic markets

Unit 6: Market Failure and the Role of Government

6.1: Socially efficient and inefficient market outcomes

6.2: Externalities

6.3: Public and private goods

6.4: The effects of government intervention in different market structures

6.5: Income and wealth inequality

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AP Microeconomics

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Frequently Asked Questions

Frequently Asked Questions About

AP Microeconomics

Is AP Microeconomics difficult?

The subject demands logical thinking and the ability to apply economic models to analyze decision-making behavior. With intuitive teaching methods and practice at Intertu, you can completely master the subject.

How does AP Microeconomics differ from AP Macroeconomics?

Microeconomics focuses on the behavior and decisions of individuals (consumers) and firms in specific markets. Macroeconomics studies issues of the entire economy (national).

Does studying AP Microeconomics require being good at Mathematics?

Good basic mathematical skills are needed, especially the ability to work with graphs (drawing, reading, interpreting) and simple calculations. Logical and economic thinking are more important than advanced mathematics.

How important are the Supply-Demand model and Marginal Analysis?

These are foundational and core analytical concepts and tools in Microeconomics, used to explain most behaviors and market outcomes in the curriculum.

How does Intertu specifically support students studying AP Microeconomics?

Intertu helps students deeply understand and proficiently apply supply-demand, cost-revenue models, analyze market structures, practice graph analysis skills, and develop AP exam strategies.

Does Intertu offer trial classes and how is the tuition fee for AP Microeconomics calculated?

Yes, Intertu Education offers Trial Classes. The tuition fee for AP Microeconomics depends on the selected study hour package and level of support service. Please contact Intertu's counseling team directly for a detailed fee schedule and advice.

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AP

AP Microeconomics

Learn About The Subject

Common Challenges When Learning IGCSE Business Studies

Course Content

Register For A Consultation With Our Experts

Personalized Learning Approach

Academic Pathway

Competency Assessment

Set Learning Objectives

Create A Learning Path

Implement And Optimize

MEET THE TEACHING TEAM

Dedicated Team Of Teachers Ready To Support Your Learning Journey

Tuan Nguyen

Duy Nguyen

Thuy Nguyen

Tra Nguyen

Tin Nguyen

Hieu Pham

Uyen Vu

Carolina Rondon

Choosing the right study package

Find The Optimal Academic Support Solution For You

Learn About Another Subject

Frequently Asked Questions

Frequently Asked Questions About

AP Microeconomics

CONTACT INTERTU

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