Supply, demand, market structures, and factor markets
Know the structure before you walk in.
60 questions, 70 minutes, 66% of score.
Covers supply, demand, market structures, and factor markets.
3 questions (1 long, 2 short), 60 minutes, 33% of score.
Tests graphing, analysis, and market evaluation.
No calculator allowed.
Total exam time: 2 hours 10 minutes.
Approximately 17% of students score a 5.
Scores of 3+ typically earn college credit.
Click any unit to access study guides, practice tests, flashcards, videos, and more.
Unit 1Scarcity, resource allocation, production possibilities, and marginal analysis
Unit 2Market equilibrium, elasticity, consumer surplus, and producer surplus
Unit 3Costs of production, perfect competition, and profit maximization
Unit 4Monopoly, oligopoly, monopolistic competition, and game theory
Unit 5Marginal product, wage determination, and market distribution of income
Unit 6Externalities, public goods, income inequality, and government intervention
Additional materials from the Ultimate Review Packet.
Additional materials from the Ultimate Review Packet.
Premium PDFs from the Ultimate Review Packet — study guides, practice sheets, FRQs, and cheat sheets. Free to download.
Premium PDFs from the Ultimate Review Packet — study guides, practice sheets, FRQs, and cheat sheets. Free to download.
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