Advanced Placement · College Board

Microeconomics AP

Microeconomics AP revision notes for Advanced Placement.

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Explore Microeconomics

Explore 22 topic notes, learning objectives and practice.

Current CED (framework unchanged for 2026–27)

Scarcity, opportunity cost and economic systems5 learning objectives · 6 practice questions
Free sample
Production possibilities curve5 learning objectives · 6 practice questions
Included in paid plans
Comparative advantage and gains from trade5 learning objectives · 6 practice questions
Included in paid plans
Marginal analysis and consumer choice5 learning objectives · 6 practice questions
Included in paid plans

Demand5 learning objectives · 6 practice questions
Included in paid plans
Supply5 learning objectives · 6 practice questions
Included in paid plans
Elasticity of demand and supply5 learning objectives · 6 practice questions
Included in paid plans
Market equilibrium, surplus and changes in equilibrium5 learning objectives · 6 practice questions
Included in paid plans
Price controls, taxes, subsidies and quotas5 learning objectives · 6 practice questions
Included in paid plans
International trade and trade policy5 learning objectives · 6 practice questions
Included in paid plans

Production and short-run costs5 learning objectives · 6 practice questions
Included in paid plans
Long-run costs and economies of scale4 learning objectives · 6 practice questions
Included in paid plans
Profit, profit maximization and firm decisions6 learning objectives · 6 practice questions
Included in paid plans
Perfect competition in the short run and long run6 learning objectives · 6 practice questions
Included in paid plans

Monopoly and price discrimination5 learning objectives · 6 practice questions
Included in paid plans
Monopolistic competition5 learning objectives · 6 practice questions
Included in paid plans
Oligopoly and game theory5 learning objectives · 7 practice questions
Included in paid plans

Factor markets and derived demand5 learning objectives · 6 practice questions
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Profit-maximizing hiring and monopsony5 learning objectives · 7 practice questions
Included in paid plans

Efficiency, externalities and public goods5 learning objectives · 7 practice questions
Included in paid plans
Government intervention in different market structures5 learning objectives · 8 practice questions
Included in paid plans
Income and wealth inequality4 learning objectives · 7 practice questions
Included in paid plans

138 practice questions across 22 topics. Free accounts practise with 20 sample questions in this subject; paid plans include every question.