free diagnosticupgrade
  1. browse cram archives
  2. ap microeconomics
  3. AP Microeconomics CRAM – Factor Markets & Monopsony

ap microeconomics cram – factor markets & monopsony

originally streamed on April 1, 2021 with Hope MyersTeacher
subscribe
Review AP Microeconomics Unit 5 factor markets with this complete cram session. Learn how labor markets work, calculate MRP and MRC, understand monopsony, and apply the least cost rule for your AP Micro exam. This session breaks down factor market f ...more

covered in this stream

units
Unit 5 – Factor Markets
topics
Unit 5 Overview5.1 Introduction to Factor Markets5.2 Changes in Factor Demand and Factor Supply5.3 Perfectly Competitive Labor Markets5.4 Monopsony Markets

timestamps

  • 0:00

    Welcome and Housekeeping

  • 0:52

    Q&A Function Introduction

  • 1:25

    Recording and Social Media

  • 1:57

    Upcoming Cram Sessions

  • 3:01

    Unit 5 Overview

  • 3:32

    Content Review and Practice

  • 5:07

    Circular Flow Model

  • 5:38

    Factor Markets Explained

  • 6:40

    Resource Market Synonyms

  • 7:11

    Factors of Production

  • 7:43

    Factor Payments

  • 8:46

    Orientation in Markets

  • 9:49

    Graphing Wage and Workers

  • 10:50

    Axis Labeling Tips

  • 11:23

    Supply and Demand Curves

  • 13:57

    Minimum Wage Effects

  • 15:32

    Surplus of Labor

  • 18:41

    Demand Shifters (POP)

  • 19:43

    Productivity Examples

  • 20:46

    Substitutes and Complements

  • 22:21

    Derived Demand Concept

  • 23:56

    Supply Shifters

  • 24:57

    Worker Mobility Factors

  • 26:00

    Cultural Expectations

  • 27:34

    Working Conditions

  • 28:06

    Graphing Practice

  • 29:46

    Google Education Example

  • 32:23

    Cryptocurrency Demand Shift

  • 33:36

    Derived Demand Results

  • 36:13

    Perfect Competition Markets

  • 37:16

    Market Characteristics

  • 39:22

    Wage Takers Explained

  • 41:28

    Marginal Resource Cost

  • 42:31

    Profit Maximization Rule

  • 45:42

    Math Example Setup

  • 47:48

    Filling Revenue Table

  • 50:23

    Volleyball Ref Market Graph

  • 52:29

    Tina's Tech House Example

  • 55:08

    Least Cost Rule

  • 56:46

    Marginal Product per Dollar

  • 58:52

    Monopsony Characteristics

  • 59:57

    Wage Makers

  • 1:01:30

    Monopsony Cost Table

  • 1:03:06

    Graphing Monopsony

  • 1:05:16

    Profit Maximizing Point

  • 1:06:20

    Answering Questions

  • 1:08:59

    Slide 11 Clarification

  • 1:10:01

    Derived Demand Review

  • 1:10:34

    Closing Remarks

more on these topics
AP Microeconomics - Elasticity, Profit & Factor Markets

59:57

AP Microeconomics - Elasticity, Profit & Factor Markets

2024 · Gaby Usvyat & Neshanth Kuppuswamy

up next in ap microeconomics
AP Microeconomics - Preview: Key Concepts & Exam Prep

59:54

AP Microeconomics - Preview: Key Concepts & Exam Prep

2024 · Gaby Usvyat

AP Microeconomics - Exam Preview: Tips & Strategy

55:50

AP Microeconomics - Exam Preview: Tips & Strategy

2024 · Ben Bubis, Ava Winer, and Cynthia Wang

AP Microeconomics CRAM – Night 1 Full Review

2:57:54

AP Microeconomics CRAM – Night 1 Full Review

2024 · Gaby Usvyat & Neshanth Kuppuswamy

AP Microeconomics CRAM – FRQs, Monopoly & Subsidies

1:05:54

AP Microeconomics CRAM – FRQs, Monopoly & Subsidies

2021 · Hope Myers

AP Microeconomics CRAM – Supply, Demand & Market Structures

1:04:35

AP Microeconomics CRAM – Supply, Demand & Market Structures

2021 · Hope Myers

more from Hope Myers
AP Microeconomics CRAM – Monopolies & Game Theory

1:07:57

AP Microeconomics CRAM – Monopolies & Game Theory

2021 · Hope Myers

AP Microeconomics CRAM – Market Failures & Externalities

1:11:30

AP Microeconomics CRAM – Market Failures & Externalities

2021 · Hope Myers

AP Microeconomics CRAM – PPC, Trade & Marginal Analysis

1:01:38

AP Microeconomics CRAM – PPC, Trade & Marginal Analysis

2021 · Hope Myers

Fiveable

Study Content & Tools

Study GuidesFRQs + AI ScoringAP Essay Grader for StudentsAI Grading for TeachersPractice QuestionsGlossaryScore Calculators

Company

What's New?PricingBulk DiscountsTestimonialsFAQsEmail us

Resources

AP Exam Schedule 2027AP Exam AccommodationsAP ClassesAP ClassroomEasiest AP ClassesHardest AP ClassesAP vs IBAP vs Dual EnrollmentAP vs Honors ClassesAP Scholar Awards

every AP exam is fiveable

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

career kickstart

💼 ap business with personal finance🔒 ap cybersecurity

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

RefundsTermsPrivacyCCPAAI TransparencySchool Data Privacy

© 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.

every AP exam is fiveable

Fiveable

Study Content & Tools

Study GuidesFRQs + AI ScoringAP Essay Grader for StudentsAI Grading for TeachersPractice QuestionsGlossaryScore Calculators

Company

What's New?PricingBulk DiscountsTestimonialsFAQsEmail us

Resources

AP Exam Schedule 2027AP Exam AccommodationsAP ClassesAP ClassroomEasiest AP ClassesHardest AP ClassesAP vs IBAP vs Dual EnrollmentAP vs Honors ClassesAP Scholar Awards

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

career kickstart

💼 ap business with personal finance🔒 ap cybersecurity

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
RefundsTermsPrivacyCCPAAI TransparencySchool Data Privacy

© 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.