AP, IB, and College Microeconomic and Macroeconomic Principles 

AP Microeconomics CED Alignment

AP Microeconomics CED Alignment

Just prior to the summer of 2019, the college board came out with a new detailed course exam description (CED) for AP microeconomics. Below you will find the alignment of ReviewEcon.com resources to assist teachers in aligning their lesson plans to the new CED.

1. Basic Economic Concepts

Micro Topic 1.1/1.2 Scarcity, Resource Allocation, and Economics Systems
 – “What is Economics?” content review

Micro Topic 1.3 Production Possibilities Curve
 – “Production Possibilities Curve” content review
 – Productions Possibilities game
 – PPC Graph drawing practice

Micro Topic 1.4 Comparative Advantage
 – “Comparative Advantage Simplified” content review
 – Comparative Advantage game

Micro Topic 1.5 Cost-Benefit Analysis
 – “What is Opportunity cost” content review
 – Opportunity Cost Calculations game – click on “Opportunity Cost” start button

Micro Topic 1.6 Marginal Analysis and Consumer Choice
 – “Everything doing is worth doing well? Not so fast…” content review
 – “4 Things to Know about Consumer Behavior” content review – marginal utility per dollar portion
 – Utility Maximizing Combinations game – click on “Utility Max” start button

Unit 1 Multiple Choice Practice (does not include 1.6)

2. Supply and Demand

Micro Topic 2.1/2.2 Demand and Supply
 – “4 keys to Supply and Demand” content review
 – “4 Things to Know about Consumer Behavior” content review – income effect and substitution effect portion
 – Determinants of Supply and Demand sorting game
 – Changes in Supply and Demand game

Micro Topic 2.3/2.4/2.5 Elasticities
 – “Elasticity Coefficients” content review
 – Elasticity Coefficient Calculations game

Micro Topic 2.6 Market Equilibrium and Consumer and Producer Surplus
 – “Surplus and Dead Weight Loss” content review
 – Points, Prices, and Quantities game – click on “S & D” start button (also covers 2.7, 2.8 & 2.9)
 – Graph Shading game – click on “S & D” start button (also covers 2.7, 2.8 & 2.9)
 – Supply and Demand Graph drawing practice (also covers 2.7, & 2.8)

Micro Topic 2.7 Market Disequilibrium and Changes in Equilibrium
 – “Market Equilibrium” content review
 – Shifting Markets game 
 – Points, Prices, and Quantities game – click on “S & D” start button (also covers 2.6, 2.8 & 2.9)
 – Graph Shading game – click on “S & D” start button (also covers 2.6, 2.8 & 2.9)
 – Supply and Demand Graph drawing practice (also covers 2.6 & 2.8)

Micro Topic 2.8 The Effects of Government Interventions in Markets
 – “How do Price Controls Impact Markets?” content review
 – “3 Things to Know about Per-unit Taxes” content review
 – Points, Prices, and Quantities game – click on “S & D” start button (also covers 2.6, 2.7 & 2.9)
 – Graph Shading game – click on “S & D” start button (also covers 2.6, 2.7 & 2.9)
 – Supply and Demand Graph drawing practice (also covers 2.6 & 2.7)

Micro Topic 2.9 International Trade and Public Policy
 – “4 Keys to Trade and Tariff Graphs” content review
 – Points, Prices, and Quantities game – click on “S & D” start button (also covers 2.6, 2.7 & 2.8)
 – Graph Shading game – click on “S & D” start button (also covers 2.6, 2.7 & 2.8)

Unit 2 Multiple Choice Practice (also includes 1.6)

3. Production, Cost, and the Perfect Competition Model​

Micro Topic 3.1 The Production Function
 – “Diminishing Marginal Returns and Demand for Labor” content review – Up to Marginal Revenue Product

Micro Topic 3.2/3.3 Short-Run Production Costs and Long Run Production Costs
 – “What I Need to Know About Cost Curves” content review
 – Cost Curve Calculations game

Micro Topic 3.4/3.5 Types of Profit and Profit Maximization
 – “Cost, Revenue, & Profit Run-Down” content review
 – Cost Revenue and Profit game – click on “Skip O.C.” start button

Micro Topic 3.6 & 3.7 Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit the Market and Perfect Competition
 – “Keys to Understanding Perfectly Competitive Firms” content review
 – Points, Prices, and Quantities game – click on “Markets” start button (also covers Monopoly & Monopolistic Competition)
 – Graphs Shading game – click on “Markets” start button (also covers Monopoly and Monopolistic Competition) 
 – Market Structures ID game (also covers Monopoly, Oligopoly, and Monopolistic Competition)
 – Perfectly Competitive Graph drawing practice

Unit 3 and 4 Multiple Choice Practice

4. Imperfect Competition

Micro Topic 4.1/4.2/4.3 Introduction to Imperfectly Competitive Markets, Monopoly and Price Discrimination
 – “Keys to Understanding Monopoly” content review
 – Points, Prices, and Quantities game – click on “Markets” start button (also covers 4.4 & Perfect Competition)
 – Graphs Shading game – click on “Markets” start button (also covers 4.4 & Perfect Competition)
 – Market Structures ID game (also covers 4.4, 4.5, and Perfect Competition)
 – Monopoly Graph drawing practice (also covers 4.4)

Micro Topic 4.4 Monopolistic Competition
 – “Keys to Understanding Monopolistic Competition” content review
 – Points, Prices, and Quantities game – click on “Markets” start button (also covers 4.2 & Perfect Competition)
 – Graphs Shading game – click on “Markets” (also covers 4.2 & Perfect Competition)
 – Market Structures ID game (also covers 4.2, 4.5, and Perfect Competition)
 – Monopoly Graph drawing practice (also covers 4.2 & 4.3) 

Micro Topic 4.5 Oligopoly
 – “Oligopoly, Duopoly, and Game Theory” content review
 – Game Theory game
 – Market Structures ID game (also covers 4.2, 4.4, and Perfect Competition)

Unit 3 and 4 Multiple Choice Practice

5. Factor Markets

Micro Topic 5.1/5.2 Introduction to Factor Markets and Changes in Factor Demand and Supply
 – “Diminishing Marginal Returns and Demand for Labor” content review
 – MRP and MRC Calculations game

Micro Topic 5.3 Profit Maximizing Behavior in Perfectly Competitive Factor Markets
 – “Perfectly Competitive Factor Markets” content review
 – “Resource Combinations – Least Cost and Profit Max” content review
 – Best Combinations game – click on “Resource Comb”
 – Points, Prices, and Quantities game – click on “Factors/Failures” (also covers 5.4 and Market Failures)
 – Graphs Shading game – click on “Factors/Failures” (also covers 5.4 and Market Failures)
 – Factors and Failures Graphs drawing practice (also covers 5.4 and Externalities)

Micro Topic 5.4 Monopsonistic Markets
 – “Monopsony Factor Markets” content review
 – Points, Prices, and Quantities game – click on “Factors/Failures” (also covers 5.3 and Market Failures)
 – Factors and Failures Graphs drawing practice (also covers 5.4 and Externalities)

Unit 5 and 6 Multiple Choice Practice

6. Market Failure and the Role of Government

Micro Topic 6.1/6.2 Socially Efficient and Inefficient Outcomes Externalities
 – “Positive and Negative Externalities” content review
 – Points, Prices, and Quantities game – click on “Factors/Failures” (also covers Factor Markets)
 – Graphs Shading game – click on “Factors/Failures”
 – Factors and Failures Graphs drawing practice (Factor Markets)

Micro Topic 6.3 Public and Private Goods
 – “How to Classify Goods” content review
 – Public and Private Goods ID game

Micro Topic 6.4 The Effects of Government Intervention in Different Market Structures
 – “The Impact of Government Intervention” content review – COMING SOON!

Micro Topic 6.5 Inequality
 – “3 Keys to Understanding Income and Wealth Distribution” content review

Unit 5 and 6 Multiple Choice Practice

General Overview of Entire Course