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Marlow Works

AP Course

AP Microeconomics

AP Microeconomics studies how individuals and firms allocate scarce resources. You will use graphs, marginal thinking, and cost-revenue comparisons to explain prices, output, and efficiency. These notes are original Marlow Works starters. Confirm unit weights on the official course page.

Skills to practice

  • Marginal analysis
  • Graph labeling and shifts
  • Cost and revenue comparison
  • Efficiency and market failure

Units

Current unit structure with original lessons. Weights come from the official course page and should be re-checked there.

Unit 2 of 6 · 20–25%

2 lessons

Supply and Demand

Prices form where buying plans meet selling plans, then policies move those curves.

  • Demand and supply
  • Equilibrium
  • Elasticity
  • Taxes, subsidies, and price controls
  • Consumer and producer surplus

Unit 3 of 6 · 22–25%

2 lessons

Production, Cost, and the Perfect Competition Model

Costs rise with output. In perfect competition, price is given and profit tells firms to stay or leave.

  • Short-run production
  • Fixed, variable, and marginal cost
  • Average cost curves
  • Profit maximization
  • Perfect competition in short and long run

Unit 6 of 6 · 8–13%

2 lessons

Market Failure and the Role of Government

Externalities, public goods, and inequality are cases where private markets miss social costs or benefits.

  • Negative and positive externalities
  • Public goods
  • Government intervention
  • Inequality and redistribution

Vocabulary

Search the full glossary

Practice

Original Marlow Works questions for this course. They are not College Board items.

1 of 3Supply and Demand · medium · multiple choice

A binding price ceiling is set below equilibrium in the market for rental apartments. What is the most likely result?

Original Marlow Works item — not a College Board question.

Take your time—this is practice, not a test.

Study tools

Related resources

External links with reuse status. Marlow Works is independent and does not copy restricted exam or textbook material.

  • Official / link only

    AP Microeconomics course page

    Official six-unit framework for markets, costs, and market failure.

    College Board · All rights reserved · accessed 2026-10-01

    Open source
  • CC BY — attribution required

    Principles of Microeconomics: Scarcity and Social Provisioning

    Open microeconomics background for scarcity, markets, and elasticity.

    Open Textbook Library listing · CC BY · accessed 2026-10-01

    Open source
  • Official / link only

    FRED economic data

    Federal Reserve economic data. Terms vary by series; do not scrape or ingest.

    Federal Reserve Bank of St. Louis · Varies by series · accessed 2026-10-01

    Open source

Official curriculum

Use these College Board pages as curriculum references. Marlow Works is independent and does not copy official sample questions or copyrighted exam text.