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AP Microeconomics - Unit 1: Basic Economic Concepts

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These are the notes involving the entire first unit of the AP Microeconomics curriculum, which is "Basic Economic Concepts". While taking these notes, I have benefitted from Khan Academy, CollegeBoard daily videos, and Jacob Clifford's YouTube videos. The notes specifically cover the concepts of scarcity, opportunity cost, production possibilities curve, comparative and absolute advantage, demand, supply, market equilibrium, marginal analysis, cost-benefit analysis, and economic systems.

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January 24, 2023
Number of pages
25
Written in
2022/2023
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Collegeboard, khan academy, jacob clifford
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