Unit 1 5–10% of the exam

Basic Economic Concepts

every graph, every shift

Practice this unitUnit sheet

6 topicsnot practiced yet

Topics, in course order

  1. 1.1ScarcityNot practicedLessonNotes
  2. 1.2Opportunity Cost and the Production Possibilities Curve (PPC)Not practicedLessonNotes
  3. 1.3Comparative Advantage and Gains from TradeNot practicedLessonNotes
  4. 1.4DemandNot practicedLessonNotes
  5. 1.5SupplyNot practicedLessonNotes
  6. 1.6Market Equilibrium, Disequilibrium, and Changes in EquilibriumNot practicedLessonNotes

Practice this unit

Question setExam-style questions from this unit's 6 topics, with an explanation for every option. Unit testA timed test on the whole unit, every topic weighted equally. Tools for this unit1 trainer.

In this unit's tools

Trainers 1

Free-response questions 2