AP微观经济学考试范围

下面小编就AP微观经济学考试范围来给考生们详细说明

I. Basic Economic Concepts . . . . . . . . . (8–14%)

A. Scarcity, choice, and opportunity cost

B. Production possibilities curve

C. Comparative advantage, absolute advantage, specialization, and trade

D. Circulate Flow Diagram

E. Resources and advantages

F. Opportunity cost (curve and point)

G. Economy systems (social and command)

II. The Nature and Functions of Product Markets . . . (55–70%)

A. Supply and demand (15–20%)

1. Market equilibrium

2. Determinants of supply and demand (the change of supply and demand)

3. Price controls (price floor and ceiling)

4. Elasticity

a. Price, income, and cross-price elasticity of demand

b. types of products

c. Price elasticity of supply

5. Tax incidence

B. Theory of consumer choice (5–10%)

1. Total utility and marginal utility, law of diminishing marginal utilities(DMU)

2. Utility maximization: equalizing marginal utility per dollar

3. Individual and market demand curves

4. Income and substitution effects

5. Consumer surplus, producer surplus, and market efficiency

C. Production and costs (10–15%)

1. Production functions: short and long run

2. Marginal product and diminishing returns

3. Short-run costs Verse Long-run costs

4. Economies of scale

5. Cost minimizing input combination(as factor market)

D. Firm behavior and market structure (25–35%)

1. Profit:

a. Accounting versus economic profits

b. Normal profit

c. Profit maximization: MR=MC rule

2. Perfect competition

a. Profit maximization

b. Short-run supply and shutdown decision

c. Behavior of firms and markets in the short run and in the long run

d. Efficiency and perfect competition

3. Monopoly

a. Sources of market power

b. Profit maximization

c. Inefficiency of monopoly

d. Price discrimination

e. Deadweight loss (will be cover in monopolist market)

f. Natural monopoly

4. Oligopoly

a. Interdependence, collusion, and cartels

b. Game theory and strategic behavior

5. Monopolistic competition

a. Product differentiation and role of advertising

b. The monopolistic and competitive features

c. Short-run and long-run equilibrium

d. Excess capacity and inefficiency

III. Factor Markets . . . . . . . . . . . . . . . . . . . . . . . . (10–18%)

A. Derived factor demand

B. Marginal revenue product (formula)

C. Combination of products to achieve maximum profit and minimum profit

D. Wage decision for competition and monopolistic markets

IV. Market Failure and the Role of Government . . . . . . . (12–18%)

A. Externalities

1. Marginal social benefit and marginal social cost

2. Positive externalities

3. Negative externalities

4. Remedies in Graph.

B. Public goods

1. Public versus private goods

2. Quasi-public goods

3. Provision of public goods

C. Market Failure

1. Reasons

2. Public policy to promote completion: Antitrust policy, Regulation

D. Income distribution

1. Lorenz curve

2. Initiator for income inequality

（AP课程包括：AP生物、AP美国历史、AP计算机、AP心理学、AP欧洲史、AP化学、AP英美文学、AP微积分、AP物理、AP化学等。AP师资团队全部是由顶尖名校毕业、且AP教学时长在3000个小时以上的教师亲授课程。授课方式：一对一全程名师督导备考陪同，量身定制互动直播授课，点题讲题破题一步到位,反复实战演练,助力AP考生备考冲刺5分。）
咨询课程顾问，免费领取全套AP考试指南和真题学习资料。
针对2018年的AP考试，开设“AP基础课程、强化课程、刷题模考课程、冲刺课程”。想快速提分的同学可以在线咨询客服，了解课程详情，预约名师1V1试听课；为你量身打造专属AP学习方案；即可免费领取AP考试学习资料/视频课件/直播公开课/AP模考题库/AP报考白皮书！