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AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets

AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
AP Micro Economics Review of Firm Structure (Product) and Labor (Factor) Markets
Product Description
This is an editable PowerPoint of AP Type Free Response questions (or multiple choice too). There are 15 questions in this PowerPoint that include questions about:
-Characteristics of different types of product markets (Perfectly Competitive, Monopoly, Monopolistic Competition, and Oligopoly)
-Drawing the Long Run Process of Perfect Competition Market Equilibrium
-Drawing Profitable Monopoly graphs and showing how changes to fixed costs effect the market.
-Drawing a Monopolistically Competitive Market that reaches long run equilibrim
-Drawing a government regulated Monopoly
-Using a simple payoff matrix to find dominant strategies and optimal outcomes.
-Drawing long run changes to a Perfectly Competitive Market by shifting variable costs.
-Drawing how minimum wage effects a Perfectly Competitive Labor Market.
-Drawing how Monopsony and Perfectly Competitive Labor Markets Differ
-Using MRP greater/equal to MRC to determine how many workers should be hired.

I taught AP Microeconomics and used this review in the weeks prior to the AP Exam to have kids draw out answers to these questions at their desk. I would present question slide and give the kids all time to work and then would present the answer slide. Sometimes I also find it useful to recreate the answer slide in the moment so that students can follow your work. But this guide presents the answers/ graph in color and is available to use with your students.

I had a lot of success in preparing my students for the AP Exam and I hope you will find this useful too. Be sure to check out my other Review Guide PowerPoint on Externalities, Government Intervention, and International Trade.
Total Pages
27 pages
Answer Key
N/A
Teaching Duration
N/A
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