AP Microeconomics

Advanced Placement Microeconomics analyzing individual economic decision-making.

Scarcity and Opportunity CostSupply and DemandMarginal Analysis and Rational Decision-Making
Elasticity of Demand and SupplyMarket Structures: Perfect Competition to MonopolyConsumer and Producer Surplus
Price Controls and Real-World OutcomesTaxes, Subsidies, and Market EfficiencyExternalities and Public Goods
Mastering Free-Response QuestionsUsing Diagrams Effectively
Scarcity and Opportu...Supply and DemandMarginal Analysis an...Elasticity of Demand...Market Structures: P...Consumer and Produce...Price Controls and R...Taxes, Subsidies, an...Externalities and Pu...Mastering Free-Respo...Using Diagrams Effec...
Study Strategies

Mastering Free-Response Questions

Tips for Acing FRQs

Free-response questions (FRQs) test your understanding and ability to explain economic concepts. To succeed:

  • Read the prompt carefully and underline key terms.
  • Plan your answer before writing—organize your thoughts.
  • Use clear, concise language and include diagrams if asked.
  • Label all graphs correctly and explain what they show.
  • Answer every part of the question—don't leave anything blank!

Practice makes perfect, so work through past FRQs to build confidence.

Examples

  • Underline terms like 'equilibrium price' and 'consumer surplus' before answering.

  • Sketch and label a supply and demand graph to support your explanation.

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Using Diagrams Effectively