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.