AP Review Notes

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AP-MicroEconomics

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Absolute Advantage

Accounting Profit

Allocative Efficiency

Average Fixed Costs (AFC)

Average Product (AP)

Average Total Cost (ATC)

Average Variable Cost (AVC)

Barriers to Entry

Command Economy

Comparative Advantage

Comparison Table of The 5 Market Structure

Constant Returns to Scale

Consumer Surplus

Cross-Price Elasticity of Demand (XED)

Deadweight Loss (DWL)

Demand and Marginal Social Benefit (MSB)

Diseconomies of Scale

Dominant Strategy

Economic Profit

Economies of Scale

Excess Capacity

Five Determinants of Demand

Factor Prices (Factor Payments)

Five Determinants of Demand

Fixed Resources

Four Factors of Production

General Characteristics of Elastic Supply

General Characteristics of Inelastic Supply

Imperfect Competition

Income Elasticity of Demand (YED)

Income Inequality

Inelastic Demand

Labor Market Imperfections

Law of Diminishing Marginal Utility

Marginal Cost (MC)

Marginal Product (MP)

Marginal Resource Cost (MRC)

Marginal Revenue (MR)

Marginal Revenue Product (MRP)

Monopolistic Competition

Nash Equilibrium

Natural Monopoly

Negative Externalities

Normal Goods正常商品勾股恒等式

Opportunity Cost

Per Unit vs Lump Sum

Perfect Competition

Perfectly Competitive Labor Market

Positive Externality

Price Discrimination

Price Elasticity of Demand (PED)

Price Elasticity of Supply (PES)

Producer Surplus

Production Possibilities Curve

Productive Efficiency

Profit Maximizing Rule

Six Determinants of Supply

Supply and Marginal Social Cost (MSC)

The Law of Diminishing Marginal Returns

The Tragedy of the Commons

Total Revenue Test

Variable Resources

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AP-MicroEconomics

AP-WorldHistory

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Alexander Dubcek

Algerian Civil War

Algerian War For Independence

Angola Civil War

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Antinuclear Weapons Movement

Basque Homeland and Freedom

Biafran Civil War

Brezhnev Doctrine

Camp David Accords

Central Treaty Organization (CENTO)

Centralized Economy

Charles de Gaulle

Council for Mutual Economic Assistance

Cuban Missile Crisis

Cuban Revolution

Cultural Diffusion

Cultural Revolution

Democratic Reform Movements

Douglas MacArthur

Dwight Eisenhower

Francisco Franco

Free Enterprise

Gamal Abdel Nasser

Great Leap Forward

History Review Material Creation

Intermediate-Range Nuclear Forces Treaty

Irish Republican Army

Jawaharlal Nehru

John F. Kennedy

Kent State University

Martin Luther King Jr.

Mengistu Haile Mariam

Mikhail Gorbachev

Military-Industrial Complex

Mohammad Mosaddegh

Muhammad Reza Pahlavi

Mutual Assured Destruction

Nikita Khrushchev

Non-Aligned Movement

North Atlantic Treaty Organization (NATO)

Nuclear Arms Race

Nuclear Non-Proliferation Treaty

Nuclear Test-Ban Treaty

One-Party State

Organization Of African Unity

Osama bin Laden

Palestinian Liberation Organization

Potsdam Conference

Quiet Revolution

Satellite Countries

Self-Determination

Sirimavo Bandaranaike

Southeast Asia Treaty Organization (SEATO)

Soviet-Afghan War

Strategic Arms Limitation Treaty

Strategic Defense Initiative

Tehran Conference

Truman Doctrine

Ulster Defence Association

White Revolution

Winston Churchill

Wladyslaw Gomulka

World Revolution

Yalta Conference

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Five Determinants of Demand

The traditional out-of-pocket costs associated with making a decision.

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Five Determinants of Demand

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Accounting Profit

Economic Profit