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AP Microeconomics Basic Economic Concepts Unit 1 --What is Economics? --Micro vs. Macro --Scarcity and Opportunity Cost --Marginal Analysis --Production Possibilities Frontiers --Economic Systems Demand/Supply/Equilibrium Unit 2 Costs of Production Unit 3

ECONOMICS College Prep Basic Economic Concepts CPE CH 1 & 2 Demand and Supply Ch 3 Equilibrium Ch 4 Floors/Ceilings/Elasticity CH 4/7