Section 1: Foundations of Economics

Module 1: Introduction to Scarcity and Economic Resources
Module 2: Resource Allocation and Economic Systems
Module 3: Opportunity Cost and the Production Possibilities Curve (PPC)
Module 4: Comparative Advantage and Gains from Trade
Module 5: Cost-Benefit Analysis (Microeconomics Focus)
Module 6: Marginal Analysis and Consumer Choice
Appendix: Making and Using Graphs
Section 1 AP® Economics Practice Exam
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Section 2: Supply and Demand

Module 7: Demand
Module 8: Supply
Module 9: Price Elasticity of Demand (Microeconomics Focus)
Module 10: Price Elasticity of Supply (Microeconomics Focus)
Module 11: Other Elasticities (Microeconomics Focus)
Module 12: Market Equilibrium, Disequilibrium, and Changes in Equilibrium
Module 13: Consumer and Producer Surplus (Microeconomics Focus)
Module 14: Changes in Economic Surplus (Microeconomics Focus)
Module 15: The Effects of Government Intervention in Markets (Microeconomics Focus)
Module 16: International Trade and Public Policy
Section 2 AP® Economics Practice Exam
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Section 3: Economic Indicators and the Business Cycle (AP® Macroeconomics Focus)

Module 17: The Circular Flow and GDP
Module 18: Limitations of GDP
Module 19: Unemployment
Module 20: Price Indices and Inflation
Module 21: The Costs of Inflation
Module 22: Real v. Nominal GDP
Module 23: Business Cycles
Section 3 AP® Economics Practice Exam
Free-Response Questions

Section 4: National Income and Price Determination (AP® Macroeconomics Focus)

Module 24: Aggregate Demand
Module 25: Multipliers
Module 26: Short-Run Aggregate Supply (SRAS)
Module 27: Long-Run Aggregate Supply (LRAS)
Module 28: Equilibrium in the Aggregate Demand–Aggregate Supply (AD–AS) Model
Module 29: Changes in the AD–AS Model in the Short Run
Module 30: Long-Run Self-Adjustment
Module 31: Fiscal Policy
Module 32: Automatic Stabilizers
Section 4 AP® Economics Practice Exam
Free-Response Questions

Section 5: Financial Sector (AP® Macroeconomics)

Module 33: Financial Assets
Module 34: Nominal vs. Real Interest Rates
Module 35: Definition, Measurement, and Functions of Money
Module 36: Banking and Expansion of the Money Supply
Module 37: The Money Market
Module 38: Monetary Policy
Module 39: The Loanable Funds Market
Section 5 AP® Economics Practice Exam
Free-Response Questions

Section 6: Long-Run Consequences of Stabilization Policies (AP® Macroeconomics Focus)

Module 40: Fiscal and Monetary Policy Actions in the Short Run
Module 41: The Phillips Curve
Module 42: Money Growth and Inflation
Module 43: Government Deficits and the National Debt
Module 44: Crowding Out
Module 45: Economic Growth
Module 46: Public Policy and Economic Growth
Section 6 AP® Economics Practice Exam
Free-Response Questions

Section 7: Open Economy-International Trade and Finance (AP® Macroeconomics Focus)

Module 47: Balance of Payments Accounts
Module 48: Exchange Rates
Module 49: The Foreign Exchange Market
Module 50: Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
Module 51: Changes in the Foreign Exchange Market and Net Exports
Module 52: Real Interest Rates and International Capital Flows
Section 7 AP® Economics Practice Exam
Free-Response Questions

Section 8: Production, Cost, and the Perfect Competition Model (AP® Microeconomics Focus)

Module 53: The Production Function
Module 54: Short-Run Production Costs
Module 55: Long-Run Production Costs
Module 56: Types of Profit
Module 57: Profit Maximization
Module 58: Firms' Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
Module 59: Perfect Competition
Section 8 AP® Economics Practice Exam
Free-Response Questions

Section 9: Imperfect Competition (AP® Microeconomics Focus)

Module 60: Imperfectly Competitive Markets
Module 61: Monopoly
Module 62: Price Discrimination
Module 63: Monopolistic Competition
Module 64: Oligopoly and Game Theory
Section 9 AP® Economics Practice Exam
Free-Response Questions

Section 10: Factor Markets (AP® Microeconomics Focus)

Module 65: Introduction to Factor Markets
Module 66: Introduction to Factor Demand and Supply
Module 67: Perfectly Competitive Factor Markets
Module 68: Monopsonistic Markets
Section 10 AP® Economics Practice Exam
Free-Response Questions

Section 11: Market Failures and the Role of Government

Module 69: Socially Efficient and Inefficient Market Outcomes
Module 70: Externalities
Module 71: Public and Private Goods
Module 72: The Effects of Government Intervention in Different Market Structures
Module 73: Inequality
Section 11 AP® Economics Practice Exam
Free-Response Questions

Module 74: Mastering the AP® Economics Exams

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