 | MICHIGAN COUNCIL ON ECONOMIC EDUCATION |
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AP Microeconomics & AP Macroeconomics
Click any topic card to flip it and play its curated AP Economics YouTube video directly inside the card! Browse 29 interactive topic cards covering AP Microeconomics, AP Macroeconomics, and live FRED graphs.
AP Video Topic Cards
Click "Flip to Watch Video ▶" on any card below to play the embedded YouTube video inside the card frame.
Monopolistic Competition
Product differentiation, short-run vs. long-run excess capacity, and non-price competition graph analysis.
Oligopoly & Game Theory
Solving 2x2 payoff matrices, dominant strategies, Nash Equilibrium, prisoner's dilemma & cartel collusion.
Monopoly
Single-price monopoly price and quantity determination, deadweight loss, and perfect price discrimination.
Cost Curves
Short-run Marginal Cost (MC), Average Total Cost (ATC), AVC, AFC, and long-run economies of scale.
Perfect Competition
Side-by-side market and firm graphs, price taker firm horizontal demand (MR=D=AR=P), and zero profit.
Tax System
Analyzing progressive, regressive, and proportional taxation structures and income tax brackets.
Public Goods
Classifying goods by rivalry and excludability, the free-rider problem, and government provision.
Externalities
Negative and positive spillover cost/benefit graph models and corrective Pigouvian taxes and subsidies.
International Trade
Tariff and quota economics, domestic vs. world price graph shifts, and consumer/producer welfare.
Taxes, Surplus & DWL
Per-unit excise tax wedge, buyer vs. seller tax incidence, tax revenue, and deadweight loss calculation.
Consumer & Producer Surplus
Willingness to pay vs. market price, producer reservation price, and total social economic surplus.
Elasticity
Price Elasticity of Demand (PED), Elasticity of Supply, Cross-Price, Income Elasticity & Total Revenue Test.
Price Controls & Taxes
Evaluating binding vs. non-binding price ceilings, price floors, minimum wage, and shortages.
Supply & Demand
Law of Demand, Law of Supply, determinants of supply/demand shifts, and market equilibrium.
Production Possibilities
Constructing PPC curves, evaluating productive vs. allocative efficiency, and opportunity cost types.
Comparative Advantage
Absolute vs. comparative advantage, output vs. input problem calculations, and terms of trade.
AP Micro College Board Review
Official College Board AP Microeconomics review sessions, FRQ graphing practice, and exam prep.
Gross Domestic Product (GDP)
Nominal vs. real GDP, expenditure approach (C + I + G + Xn), GDP deflator, and business cycle.
Inflation
Consumer Price Index (CPI) calculations, inflation rate formula, nominal vs. real interest rate.
Unemployment
Labor force participation rate, frictional, structural, cyclical unemployment, and NRU.
Productivity & Growth
Determinants of long-run economic growth, capital stock investment, technology, and LRAS shifts.
Loanable Funds
Real interest rate determination, national savings, demand for loanable funds, and crowding-out.
Monetary Policy
Central bank policy tools, interest on reserve balances (IORB), reserve requirements, and OMO.
Money Market
M1 vs. M2 monetary aggregates, money demand, Central Bank money supply, and nominal interest rate.
Foreign Exchange (FOREX)
Exchange rate determination, currency appreciation and depreciation, foreign demand, and net exports.
Phillips Curve
Short-run inflation vs. unemployment trade-off (SRPC), demand vs. supply shocks, and vertical LRPC.
AD-AS Model Part 1
Aggregate Demand (AD) shifters, Short-Run Aggregate Supply (SRAS), Long-Run LRAS, and output gaps.
AD-AS Model Part 2
Fiscal policy shifts, spending and tax multipliers (MPC/MPS), stagflation cost-push shocks, and self-adjustment.
AP Macro College Board Review
Official College Board AP Macroeconomics review sessions, FRQ graphing practice, and exam prep.
FRED AP Macroeconomic Data Center
Live Federal Reserve macroeconomic charts formatted for AP Macro Unit 2, Unit 3, & Unit 4 classroom analysis.
Track real GDP inflation-adjusted quarterly output across U.S. business cycle phases.
Analyze inflation rate trends and purchasing power changes across consumer goods baskets.
Monitor total unemployment vs. the natural rate of unemployment (NRU) over time.
Examine Central Bank monetary policy stance, interest on reserves, and target rate shifts.
Examine the percentage of the civilian population working or actively seeking employment.
Analyze the four aggregate expenditure components (C + I + G + Xn) driving U.S. economic output.
