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Classroom Resources to Teach AP Microeconomics

Page One Economics® Articles Aligned with the AP Microeconomics Curriculum

Keep your students in the know on timely economic issues with Page One Economics®. Each of these articles provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies.

The Teacher’s Guide in each article includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. To find the answer key, or to assign Page One Economics® as an online learning resource, register for an Econ Lowdown teacher account.

AP Microeconomics Units and Topics are shown below, followed by the relevant Page One Economics® articles.

Unit 1: Basic Economic Concepts

Topics

  • Scarcity
  • Resource allocation and economic systems
  • The production possibilities curve
  • Comparative advantage and gains from trade
  • Cost-benefit analysis
  • Marginal analysis and consumer choice

Unit 2: Supply and Demand

Topics

  • Demand
  • Supply
  • Elasticity
  • Market equilibrium, disequilibrium, and changes in equilibrium
  • The effects of government intervention in markets
  • International trade and public policy

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

Topics

  • The production function
  • Short- and long-run production costs
  • Types of profit
  • Profit maximization
  • Perfect competition

Unit 4: Imperfect Competition

Topics

  • Monopoly
  • Price discrimination
  • Monopolistic competition
  • Oligopoly and game theory

Unit 5: Factor Markets

Topics

  • Introduction to factor markets
  • Changes in factor demand and factor supply
  • Profit-maximizing behavior in perfectly competitive factor markets
  • Monopsonistic markets

Unit 6: Market Failure and the Role of Government

Topics

  • Socially efficient and inefficient market outcomes
  • Externalities
  • Public and private goods
  • The effects of government intervention in different market structures
  • Income and wealth inequality

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Audience:   High School
Language:   English
Subjects:   AP, Economics
Resource Types:   Publications, Lessons