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  3. AP Microeconomics CRAM – Night 1 Full Review

ap microeconomics cram – night 1 full review

originally streamed in 2024 with Gaby Usvyat & Neshanth KuppuswamyStudents
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Get ready for your AP Microeconomics exam with this complete review of Units 1 and 2. This cram session walks you through scarcity, opportunity cost, production possibilities curves, comparative advantage, supply and demand, elasticity, and internati ...more

covered in this stream

units
Unit 1 – Basic Economic ConceptsUnit 2 – Supply and Demand
topics
1.1 Basic Economic Concepts1.2 Resource Allocation and Economic Systems1.3 Production Possibilities Curve (PPC)1.4 Comparative Advantage and Trade1.5 Cost-Benefit Analysis1.6 Marginal Analysis and Consumer Choice2.1 Demand2.2 Supply2.3 Price Elasticity of Demand2.4 Price Elasticity of Supply2.5 Other Elasticities2.6 Market Equilibrium and Consumer and Producer Surplus2.7 Market Disequilibrium and Changes in Equilibrium2.8 The Effects of Government Intervention in Markets2.9 International Trade and Public Policy

timestamps

  • 0:00

    Welcome and Community Agreements

  • 0:34

    Making the Most of Cram Session

  • 2:42

    Team Introductions

  • 3:43

    Pre-Exam Poll

  • 4:44

    Exam Breakdown and Agenda

  • 5:44

    Unit 1: Scarcity

  • 6:48

    Factors of Production

  • 7:49

    Opportunity Cost

  • 9:53

    Economic Systems

  • 13:58

    Efficiency in Economies

  • 16:05

    Production Possibilities Curve

  • 19:43

    Opportunity Cost Calculation

  • 21:45

    PPC Shifts and Movements

  • 24:22

    Comparative Advantage

  • 30:03

    Gains from Trade

  • 31:35

    First Break

  • 44:27

    Marginal Analysis Introduction

  • 47:32

    Utility and Marginal Utility

  • 51:42

    Diminishing Marginal Returns

  • 54:20

    Second Break

  • 1:00:15

    Unit 2: Demand and Shifters

  • 1:06:59

    Supply and Shifters

  • 1:17:23

    Market Equilibrium

  • 1:21:33

    Surpluses and Shortages

  • 1:22:36

    Producer and Consumer Surplus

  • 1:29:22

    Price Elasticity of Demand

  • 1:36:18

    Price Elasticity of Supply

  • 1:37:19

    Income Elasticity

  • 1:39:22

    Cross-Price Elasticity

  • 1:41:28

    Government Intervention

  • 1:44:40

    International Trade and Tariffs

  • 1:46:45

    Quotas and Graphs

  • 1:48:21

    Third Break

  • 1:54:34

    Practice Questions

  • 1:56:39

    FRQ Practice

  • 2:07:06

    Poll on Trade Quotas

  • 2:10:15

    Elasticity Poll

  • 2:10:49

    Cram Quiz Begins

  • 2:54:21

    Quiz Wrap-Up and Q&A

  • 2:57:29

    Session Outro

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Company

What's New?PricingBulk DiscountsTestimonialsFAQsEmail us

Resources

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history

🌎 ap world history🇺🇸 ap us history🇪🇺 ap european history

social science

✊🏿 ap african american studies🗳️ ap comparative government🚜 ap human geography💶 ap macroeconomics🤑 ap microeconomics🧠 ap psychology👩🏾‍⚖️ ap us government

english & capstone

✍🏽 ap english language📚 ap english literature🔍 ap research💬 ap seminar

arts

🎨 ap art & design🖼️ ap art history🎵 ap music theory

science

🧬 ap biology🧪 ap chemistry♻️ ap environmental science🎡 ap physics 1🧲 ap physics 2💡 ap physics c: e&m⚙️ ap physics c: mechanics

math & computer science

🧮 ap calculus ab♾️ ap calculus bc📐 ap precalculus📊 ap statistics💻 ap computer science a⌨️ ap computer science p

world languages

🇨🇳 ap chinese🇫🇷 ap french🇩🇪 ap german🇮🇹 ap italian🇯🇵 ap japanese🏛️ ap latin🇪🇸 ap spanish language💃🏽 ap spanish literature

go beyond AP

high school exams

✏️ PSAT🎓 Digital SAT🎒 ACT

honors classes

🍬 honors algebra II🫀 honors anatomy🐇 honors biology👩🏽‍🔬 honors chemistry💲 honors economics📐 honors geometry⚾️ honors physics📏 honors pre-calculus📊 honors statistics🗳️ honors us government🇺🇸 honors us history🌎 honors world history

college classes

👩🏽‍🎤 arts👔 business🎤 communications🏗️ engineering📓 humanities➗ math🧑🏽‍🔬 science💶 social science

hs classes

🏛️ alabama history⛰️ appalachian studies🌴 california history🌍 earth science🌐 ethnic studies🐊 florida history🍑 georgia history🌎 global studies🌺 hawaiian studies📰 journalism🪶 native american studies🌵 new mexico history🤠 oklahoma history⚗️ physical science🎙️ speech and debate🤝 texas government🤠 texas history🌲 washington state history🕊️ world religions
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© 2026 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.