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AP Microeconomics

Unit 1: Basic Economic Concepts

Unit 2: Supply and Demand

Unit 3: Production, Cost, and the Perfect Competition Model

Unit 4: Imperfect Competition

Unit 5: Factor Markets

Unit 6: Market Failure and the Role of Government

6.1 Socially Efficient and Inefficient Market Outcomes

POL-2.A—a. Define social efficiency. b. Explain (using graphs where appropriate) why resource allocation in perfectly competitive markets…

POL-2.B—Explain (using graphs where appropriate) how private incentives can lead to actions by rational agents that are socially…

POL-2.C—a. Explain equilibrium allocations in imperfect markets relative to efficient allocations (using graphs where appropriate) and why…

6.2 Externalities

6.3 Public and Private Goods

6.4 The Effects of Government Intervention in Different Market Structures

AP/Microeconomics/Concept//Unit 6: Market Failure and the Role of Government/6.1 Socially Efficient and Inefficient Market Outcomes/POL-2.A—a. Define social efficiency. b. Explain (using graphs where appropriate) why resource allocation in perfectly competitive markets…

Unit 6: Market Failure and the Role of Government

Syllabus: 2026
Section: —
Level: —

Exam analysis

Most tested topics

Socially Efficient and Inefficient Market Outcomes
Externalities
Public and Private Goods
The Effects of Government Intervention in Different Market Structures
Inequality