Cram Session Introduction
Starting Unit 1 Overview
Recording and Viewing Tips
Fiveable Connections and Discord
Cram Schedule and Agenda
Instructor Background
Exam Purpose and Structure
Scarcity in Economics
Wants vs Needs
Poll on AP Macro Confidence
Resource Categories Explained
Positive vs Normative Statements
Macro vs Micro Economics
Key Terms: Utility and Tradeoffs
Opportunity Cost Discussion
Introduction to Graphs
Production Possibilities Curve
Efficiency and Scarcity
Law of Increasing Opportunity Costs
Constant vs Increasing Costs
Economic Growth on PPC
Comparative Advantage Basics
US-Canada Oranges and Apples
Comparative Advantage Poll
Trucks and Cars Example
Demand Graph and Law
Quantity Demanded vs Demand
Determinants of Demand
Complements and Expectations
Shifting Demand Curve
Supply Graph and Law
Determinants of Supply
Subsidies and Expectations
Market Equilibrium
Effects of Demand Shifts
Reminders and Closing

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