Preparing for the A.P. Micro Exam: Labor, Resource & Factor Markets

May 03 5:00-6:00pm ET

Time: 60 mins,

Presenter: Kathleen Brennan

Teacher Version

Objective Standards Summary Description Resources

Objective

Teachers will be able to:

Review important resource market concepts.
Learn tips and strategies for successful performance on the exam.
Examine the requirements for the 2021 digital exam.

Standards

State Standards

Concepts

Division of Labor/Specialization, Productive Resources

This video is available to view for EconEdLink members only.

In this economics webinar, review concepts and graphs to help your students prepare for the digital version of the AP exam.

Description

An overview of CollegeBoard AP Microeconomics Course, Unit 5.

This presentation will feature factor markets, with a special focus on perfectly competitive and monopsonistic markets. The profit-maximizing behavior of firms is also examined. Special emphasis will be given to practice for the digital exam.

Resources

Subjects:

Economics

Grades K-2, 3-5

Teach Specialization using Sloth and Squirrel in a Pickle

In this economics lesson, students participate in hands-on activities that reinforces the concepts of specialists/entrepreneurs, workers, capital resources, and products.

Key Concepts: Entrepreneurship, Productive Resources, Specialization

30 mins

Lesson

See Lesson