Study Plans

AP Microeconomics Unit 3: Production, Cost, and the Perfect Competition Model

In this unit, you'll apply the supply and demand concepts you learned in unit 2 to individual firms to uncover production and cost curves. Then, you'll build on top of this to derive perfect competition.

Was this study plan helpful? Let us know!

Looking for our AP study guides?

We broke down every AP subject, key concept, and topics you need to know so you didn't have to.
Browse subjects

Related Study Plans

AP Microeconomics Unit 4: Imperfect Competition

AP Micro unit 4 is all about imperfect competition. Unlike perfect competition in unit 3, these market structures feature new ways of modeling production and costs.

AP Microeconomics Unit 2: Supply and Demand

Unit 2 of AP Microeconomics is all about markets. Markets are structures containing buyers (or consumers) and sellers (or producers). This unit will use supply and demand to analyze how markets act and react to different situations.

AP Microeconomics Unit 1: Basic Economic Concepts

Welcome to AP Micro! This first unit will cover the big questions of what economics is and what economists do. You'll learn how to think like an economist and how to think economically.