CourseCourseQuestionQuestion
AP Macroeconomics
Unit 1: Basic Economic Concepts
1.1 Scarcity
1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
1.3 Comparative Advantage and Gains from Trade
MKT-1.A—a. Define absolute advantage and comparative advantage. b. Determine (using data from PPCs or tables as appropriate) absolute and…
MKT-1.B—a. Explain (using data from PPCs or tables as appropriate) how specialization according to comparative advantage with appropriate…
1.4 Demand
1.5 Supply
1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
Unit 2: Economic Indicators and the Business Cycle
Unit 3: National Income and Price Determination
Unit 4: Financial Sector
Unit 5: Long-Run Consequences of Stabilization Policies
Unit 6: Open Economy—International Trade and Finance
AP/Macroeconomics/Concept//Unit 1: Basic Economic Concepts/1.3 Comparative Advantage and Gains from Trade/MKT-1.A—a. Define absolute advantage and comparative advantage. b. Determine (using data from PPCs or tables as appropriate) absolute and…

Unit 1: Basic Economic Concepts

Syllabus
2026
Section
—
Level
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Exam analysis

Most tested topics

  1. Scarcity
  2. Opportunity Cost and the Production Possibilities Curve (PPC)
  3. Comparative Advantage and Gains from Trade
  4. Demand
  5. Supply
  6. Market Equilibrium, Disequilibrium, and Changes in Equilibrium