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AP Microeconomics

Advanced Placement AP Microeconomics is a first-level course in microeconomics at a college level, designed by the College Board. It’s built for high school students who want to understand economics at the university level before they get there. Unlike an introductory economics course, AP Microeconomics focuses only on how individuals, households, consumers, business firms, and markets as a whole decide what to do with a limited amount of resources.

AP Microeconomics tutor

Course Units

AP Microeconomics Course Units

The AP Microeconomics curriculum is divided into six units. Every topic below is a link — add your own page URL to each one to build out a full AP Microeconomics topic library.

Frequently Asked Questions

AP Microeconomics FAQ

What is AP Microeconomics?

AP Microeconomics is a College Board Advanced Placement course that studies how individuals, households, consumers, business firms, and markets decide how to allocate limited resources — the building blocks being scarcity, choice, and opportunity cost.

How many units are in AP Microeconomics?

Six: Basic Economic Concepts, Supply and Demand, Production and Cost, Imperfect Competition, Factor Markets, and Market Failure and Government Intervention.

What topics does AP Microeconomics cover?

Everything from scarcity, the production possibilities curve, and comparative advantage to supply and demand, market structures like monopoly and oligopoly, factor markets, and externalities — see the full topic list in each unit above.

Is AP Microeconomics different from a regular economics class?

Yes. Unlike an introductory economics course, AP Microeconomics only studies decisions at the individual, household, firm, and market level rather than the whole economy.

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