Skip to main content
We’re so back.
See what’s new for the 2026-2027 school year →
The new Teacher Workspace is here. Your first 3 assignments are free.
Try it →
students
teachers
pricing
search study guides, key terms, practice…
⌘K
free diagnostic
upgrade
search study guides, key terms, practice…
⌘K
diagnostic
upgrade
All Key Terms
AP Macroeconomics
Unit 1
💸
AP Macroeconomics Unit 1 Vocabulary
69 essential vocabulary terms and definitions for Unit 1 – Basic Economic Concepts
Study Unit 1 →
Practice Vocabulary
Export Unit Terms
copy for
💸
Unit 1 – Basic Economic Concepts
Topics
1.1 Scarcity
1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
1.3 Comparative Advantage and Trade
1.4 Demand
1.5 Supply
1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
← All AP Macroeconomics Units