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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