Microeconomics Unit One

AP MICROECONOMICS UNIT I
Unit Objectives

UNIT OF STUDY

AP EXAM

READINGS FROM McCONNELL/BRUE

SUPPLEMENTAL SOURCES

MEDIA

UNIT TEST DATE

Basic Economic Concepts
(5-7 Days)

A.	Scarcity, Needs and Wants

B.	Opportunity Costs and Tradeoffs

C.	The Production Possibilities Curve

D.	Comparative Economic Systems and the Basic Economic Questions

8-12%

The Worldly Philosophers
- Heilbroner
*Chapter I*
The Economic Revolution

New Ideas from Dead Economists
- Buchholz
*Chapter I*
The Plight of the Economist

*Chapter II*
The Second Coming of Adam Smith

*Chapter VI*
The Angry Oracle Called Karl Marx

9/13

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