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ap microeconomics - preview: key concepts & exam prep

originally streamed on April 25, 2024 with Gaby UsvyatStudent
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Get ready for your AP Microeconomics exam with this comprehensive review of elasticity, costs, profit maximization, and competitive markets. This session walks you through essential concepts like price elasticity of demand and supply, the total reven ...more

timestamps

  • 0:00

    Welcome and Introduction

  • 0:33

    Community Agreements

  • 1:35

    Cram Schedule Overview

  • 2:38

    Hosts' Love for Microeconomics

  • 3:39

    Price Elasticity of Demand

  • 4:41

    Elastic vs Inelastic Demand

  • 5:43

    Real-World Examples

  • 6:44

    Total Revenue Test

  • 7:46

    Determinants of Elasticity

  • 9:21

    Tax Incidence Applications

  • 9:52

    Price Elasticity of Supply

  • 10:54

    Short Run vs Long Run

  • 11:56

    Profit Maximizing Rule

  • 13:30

    Short Run Costs

  • 14:32

    Shutdown Position

  • 16:05

    Firm Making Losses

  • 17:40

    Economic Profit Scenario

  • 18:42

    Perfectly Competitive Factor Markets

  • 20:17

    Market and Firm Graphs

  • 22:54

    Supply in Labor Market

  • 24:28

    Applying Profit Rules

  • 26:00

    Practice Quiz Session

  • 47:50

    Sample FRQ Analysis

  • 54:06

    Additional FRQ Review

  • 57:16

    Survey and Cram Promo

  • 59:24

    Closing Remarks

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Company

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Resources

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history

šŸŒŽ ap world historyšŸ‡ŗšŸ‡ø ap us historyšŸ‡ŖšŸ‡ŗ ap european history

social science

āœŠšŸæ ap african american studiesšŸ—³ļø ap comparative government🚜 ap human geographyšŸ’¶ ap macroeconomicsšŸ¤‘ ap microeconomics🧠 ap psychologyšŸ‘©šŸ¾ā€āš–ļø ap us government

english & capstone

āœšŸ½ ap english languagešŸ“š ap english literaturešŸ” ap researchšŸ’¬ ap seminar

arts

šŸŽØ ap art & designšŸ–¼ļø ap art historyšŸŽµ ap music theory

science

🧬 ap biology🧪 ap chemistryā™»ļø ap environmental sciencešŸŽ” ap physics 1🧲 ap physics 2šŸ’” ap physics c: e&māš™ļø ap physics c: mechanics

math & computer science

🧮 ap calculus abā™¾ļø ap calculus bcšŸ“ ap precalculusšŸ“Š ap statisticsšŸ’» ap computer science aāŒØļø ap computer science p

world languages

šŸ‡ØšŸ‡³ ap chinesešŸ‡«šŸ‡· ap frenchšŸ‡©šŸ‡Ŗ ap germanšŸ‡®šŸ‡¹ ap italianšŸ‡ÆšŸ‡µ ap japanesešŸ›ļø ap latinšŸ‡ŖšŸ‡ø ap spanish languagešŸ’ƒšŸ½ ap spanish literature

career kickstart

šŸ’¼ ap business with personal financešŸ”’ ap cybersecurity

go beyond AP

high school exams

āœļø PSATšŸŽ“ Digital SATšŸŽ’ ACT

honors classes

šŸ¬ honors algebra IIšŸ«€ honors anatomyšŸ‡ honors biologyšŸ‘©šŸ½ā€šŸ”¬ honors chemistryšŸ’² honors economicsšŸ“ honors geometryāš¾ļø honors physicsšŸ“ honors pre-calculusšŸ“Š honors statisticsšŸ—³ļø honors us governmentšŸ‡ŗšŸ‡ø honors us historyšŸŒŽ honors world history

college classes

šŸ‘©šŸ½ā€šŸŽ¤ artsšŸ‘” businessšŸŽ¤ communicationsšŸ—ļø engineeringšŸ““ humanitiesāž— mathšŸ§‘šŸ½ā€šŸ”¬ sciencešŸ’¶ social science

hs classes

šŸ›ļø alabama historyā›°ļø appalachian studies🌓 california historyšŸŒ earth science🌐 ethnic studies🐊 florida historyšŸ‘ georgia historyšŸŒŽ global studies🌺 hawaiian studiesšŸ“° journalism🪶 native american studies🌵 new mexico history🤠 oklahoma historyāš—ļø physical sciencešŸŽ™ļø speech and debatešŸ¤ texas government🤠 texas history🌲 washington state historyšŸ•Šļø world religions
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APĀ® and SATĀ® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.