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7 Interactive AP Microeconomics Review Exercises [Free AI Templates]

Headshot of Sun Paik, Head of Marketing at Flint
Headshot of Sun Paik, Head of Marketing at Flint
Headshot of Sun Paik, Head of Marketing at Flint

Sun Paik, Head of Marketing @ Flint

&

Apr 19, 2025

Image of AP Microeconomics teacher sharing a production possibilities curve (PPC) to his AP Econ students.
Image of AP Microeconomics teacher sharing a production possibilities curve (PPC) to his AP Econ students.
Image of AP Microeconomics teacher sharing a production possibilities curve (PPC) to his AP Econ students.

Whether you reading this in the beginning of the semester as you prep materials for Day 1 of AP Microeconomics class or you’re scrambling to find extra resources your students have been begging to get a week before exam day, you’re at the right spot. AP Microeconomics is a challenging course that has students grasping complex concepts like supply and demand, game theory, and market failures. When time is ticking and you don’t have the time to attend to each student’s needs and create additional AP Microeconomics practice materials, you’ll probably be searching online for free templates and tools to support your student’s learning and your bandwidth.

In this article, we’ll be sharing 7 interactive AI templates you can customize and use with your students. Some topics we’ll be covering include:

  1. AP Microeconomics course overview

  2. Why you should use Flint for AP Microeconomics

  3. How to use Flint for AP Microeconomics

  4. Additional ways to use Flint for teachers

You might have paused at point #2 and asked Um, what is the Flint? You mean the stone? Our apologies, we forgot to introduce ourselves!

Flint is a K-12 AI tool that has helped hundreds of thousands of teachers and students with personalized learning. It’s why thousands of educators like Justin Cerenzia at The Episcopal Academy say Flint “makes [teachers] more effective educators and helps students learn more effectively.”

You can try out Flint for free, try out our templates, or book a demo if you want to see Flint in action. If you’re interested in seeing our resources, you can check out our PD materials, AI policy library, case studies, and tools library to learn more. Finally, if you want to see Flint’s impact, you can see testimonials from fellow teachers.

Ready to get access to free AP Microeconomics resources? Let’s go!

What is AP Microeconomics?

Unlike many AP courses, AP Microeconomics is typically taught in one semester rather than two, meaning that the time students have to cover all six units dwindles down to just a few months. Students will have to learn graph analysis, economic modeling, and understanding trade-offs. This type of economic thinking requires a specific mindset and learned logic.

Creating such a foundation, especially with the timed conditions of the course, can be stressful both for teachers and students. It can be especially difficult if different students have varying levels of understanding, which is a common pain point in all classroom environment.

What Is Covered in the AP Microeconomics Exam?

The AP Microeconomics exam covers six major units:

  1. Unit 1: Basic Economics Concepts (12%-15% of exam) includes topics like scarcity, opportunity cost, production possibilities curve (PPC), comparative advantage, and economic systems.

  2. Unit 2: Supply and Demand (20%-25% of exam) includes, you guessed it, the supply and demand model. Students will learn about market equilibrium, elasticity, and government intervention in markets.

  3. Unit 3: Production, Cost, and the Perfect Competition Model (22%-25% of exam) takes a look at why companies make certain decisions, analyzing profit maximization, perfect competition, and production costs.

  4. Unit 4: Imperfect Condition (15%-22% of exam) covers competitive markets, game theory, monopoly, and oligopolies.

  5. Unit 5: Factor Markets (10%-13% of exam) overviews just that: factor markets. Students will learn about what factor markets are and how supply and demand and decision making affect them.

  6. Unit 6: Market Failure and the Role of Government (8%-13% of exam) is the last unit of the course and reviews how markets could fail and how the government intervenes, looking at income inequality, public and private goods, and socially efficient outcomes.

With the breadth of material that is covered in just six units, using AI platforms like Flint can help save time without making learning impersonal and generic. We’ll be going over why that’s the case in the next section.

Unlike many AP courses, AP Microeconomics is typically taught in one semester rather than two, meaning that the time students have to cover all six units dwindles down to just a few months. Students will have to learn graph analysis, economic modeling, and understanding trade-offs. This type of economic thinking requires a specific mindset and learned logic.

Creating such a foundation, especially with the timed conditions of the course, can be stressful both for teachers and students. It can be especially difficult if different students have varying levels of understanding, which is a common pain point in all classroom environment.

What Is Covered in the AP Microeconomics Exam?

The AP Microeconomics exam covers six major units:

  1. Unit 1: Basic Economics Concepts (12%-15% of exam) includes topics like scarcity, opportunity cost, production possibilities curve (PPC), comparative advantage, and economic systems.

  2. Unit 2: Supply and Demand (20%-25% of exam) includes, you guessed it, the supply and demand model. Students will learn about market equilibrium, elasticity, and government intervention in markets.

  3. Unit 3: Production, Cost, and the Perfect Competition Model (22%-25% of exam) takes a look at why companies make certain decisions, analyzing profit maximization, perfect competition, and production costs.

  4. Unit 4: Imperfect Condition (15%-22% of exam) covers competitive markets, game theory, monopoly, and oligopolies.

  5. Unit 5: Factor Markets (10%-13% of exam) overviews just that: factor markets. Students will learn about what factor markets are and how supply and demand and decision making affect them.

  6. Unit 6: Market Failure and the Role of Government (8%-13% of exam) is the last unit of the course and reviews how markets could fail and how the government intervenes, looking at income inequality, public and private goods, and socially efficient outcomes.

With the breadth of material that is covered in just six units, using AI platforms like Flint can help save time without making learning impersonal and generic. We’ll be going over why that’s the case in the next section.

Unlike many AP courses, AP Microeconomics is typically taught in one semester rather than two, meaning that the time students have to cover all six units dwindles down to just a few months. Students will have to learn graph analysis, economic modeling, and understanding trade-offs. This type of economic thinking requires a specific mindset and learned logic.

Creating such a foundation, especially with the timed conditions of the course, can be stressful both for teachers and students. It can be especially difficult if different students have varying levels of understanding, which is a common pain point in all classroom environment.

What Is Covered in the AP Microeconomics Exam?

The AP Microeconomics exam covers six major units:

  1. Unit 1: Basic Economics Concepts (12%-15% of exam) includes topics like scarcity, opportunity cost, production possibilities curve (PPC), comparative advantage, and economic systems.

  2. Unit 2: Supply and Demand (20%-25% of exam) includes, you guessed it, the supply and demand model. Students will learn about market equilibrium, elasticity, and government intervention in markets.

  3. Unit 3: Production, Cost, and the Perfect Competition Model (22%-25% of exam) takes a look at why companies make certain decisions, analyzing profit maximization, perfect competition, and production costs.

  4. Unit 4: Imperfect Condition (15%-22% of exam) covers competitive markets, game theory, monopoly, and oligopolies.

  5. Unit 5: Factor Markets (10%-13% of exam) overviews just that: factor markets. Students will learn about what factor markets are and how supply and demand and decision making affect them.

  6. Unit 6: Market Failure and the Role of Government (8%-13% of exam) is the last unit of the course and reviews how markets could fail and how the government intervenes, looking at income inequality, public and private goods, and socially efficient outcomes.

With the breadth of material that is covered in just six units, using AI platforms like Flint can help save time without making learning impersonal and generic. We’ll be going over why that’s the case in the next section.

Why Use Flint for AP Microeconomics

Flint is a classroom tool that helps teachers build and deliver interactive, standards-aligned activities with less prep time. For AP Microeconomics, it offers several features that support core instructional needs while remaining flexible enough to adapt to your teaching style and schedule. We’ll cover some features, including:

  1. Differentiated instruction

  2. Accessible, easy-to-use activities

  3. Whiteboard functionality for graphing

  4. Attaching past exams and rubrics for exam prep

  5. Templates created by fellow teachers

Differentiated Instruction

AP Microeconomics classes often include students with a wide range of skill levels. Flint supports differentiation by allowing teachers to quickly generate multiple versions of a question or prompt, each scaffolded for different levels of understanding. For example, you can create a basic supply and demand graphing question for newer students, and a more advanced version that asks students to evaluate the effects of a price floor for those ready for deeper analysis.

Accessible, easy-to-create activities

AP materials can be expensive. With Flint, teachers don’t need to spend hours an dollars to provide review materials. On Flint, teachers can use a chat interface to talk with Flint, asking Flint to create activities for them. This could be something as simple as “Create a whiteboard activity where students practice supply and demand graphs” and Flint will generate it for you. Teachers can also ask Flint to edit and modify the activity based on their needs. They can share the link with their students, see submissions, and get an overview of the individual student and general classroom’s strengths and places for improvement, even generating follow-up activities based on their performance.

Whiteboard functionality for graphing

Graphing is a major part of the AP Microeconomics exam, and Flint includes a digital whiteboard where students can draw and annotate graphs directly. This is especially useful for practicing marginal cost and marginal revenue curves, shifts in supply and demand, and market structures like monopoly or monopolistic competition. This is particularly helpful for students who struggle to visualize abstract economic concepts or make mistakes when setting up axes and curves.

Attach past exams and rubrics for exam prep

Flint makes it easy to incorporate official College Board materials into your review sessions. You can upload released FRQs, sample student responses, and scoring rubrics to use within the platform. Students can type their responses directly into Flint, and the AI will offer real-time suggestions for improvement based on the rubric criteria.

Templates created by fellow teachers

In addition to generating your own materials, Flint gives you access to a growing library of templates created by other educators. These templates often include multiple-choice quizzes, FRQ practice sets, graphing activities, and even full review lessons aligned to specific AP Microeconomics units. Because they’re designed by the Flint team and real teachers, the templates reflect classroom-tested approaches and help you create interactive activities from running a exit quiz and assigning homework to leading a targeted review session.https://app.flintk12.com/templates/ap-microeconomi-349b36

How to Use Flint for AP Microeconomics with 7 Activity Templates

Drumroll please…here are 7 free templates you can copy, customize, and share with your students for AP Microeconomics:

  1. AP Microeconomics Unit 1: Economic Thinking in Real-World Scenarios

  2. AP Microeconomics: Supply and Demand Graph Analysis

  3. AP Microeconomics Unit 3 Review: Perfect Competition Model

  4. AP Microeconomics: Game Theory and Imperfect Competition

  5. AP Microeconomics Unit 5 Review: Factor Markets

  6. Uh Oh, Market Failure! AP Microeconomics Unit 6 Review

  7. AP Microeconomics FRQ Practice

AP Microeconomics Unit 1: Economic Thinking in Real-World Scenarios

An image of a globe, money, and stocks to show what affects the global economy.

In this template, students will be introduced to fundamental economic thinking using real world scenarios. This is best used in the start of the semester when teachers are beginning to lesson plan for AP Microeconomics Unit 1.

Teachers can always customize which real-world scenario is used in this activity. The general goal is that students will be given an example that they can easily understand (examples of this could be Poppi or the supply and demand of things on TikTok shop) and introduce them to economics definitions to ease into the course.

You can find the template here and use it for free.

Supply and Demand Graph Analysis

Image of a supply and demand curve taught in AP Microeconomics.

In this activity, students can practice drawing supply and demand curves using Flint’s whiteboard feature. Flint will ask students to complete 10 questions on different supply and demand curves based on various situations. The goal is to help students get a firm grasp of Unit 2 concepts that appear on the AP Microeconomics exam. Teachers can see how students drew supply and demand graphs and provide feedback, and even ask Flint to provide a suggested grade by uploading a grading rubric.

You can find the template here and use it for free.

AP Microeconomics Unit 3 Review: Perfect Competition Model

An image of happy people pointing at a perfect competition graph.

This template provides a Socratic-style review exercise for students to understand perfect competition and Unit 3 AP Microeconomics concepts. It also includes an FRQ that is related to Unit 3 AP Microeconomics topics. The mixed method style of this activity is made so that students refresh their memory and then apply their knowledge to an FRQ.

You can find the template here and use it for free.

AP Microeconomics: Game Theory and Imperfect Competition

DALL-e generated image of two people looking confused at a game theory payoff matrix, a topic tested in AP Microeconomics.

In this template, students draw payoff matrices for various game theory problems using the whiteboard. Flint will ask questions similar to FRQs in the AP Microeconomics exam. After students draw their matrices and submit, Flint will then review the submitted matrix and tell students if their answer is correct or they need to try again.

You can find the template here and use it for free.

AP Microeconomics Unit 5 Review: Factor Markets

An image of Unit 5 AP Microecnomics Factor Markets including graphs.

This is another AP Microeconomics resource that uses Flint’s whiteboard feature, this time for factor markets. Students will be asked various MCQs related to Unit 5, and they must show their work through whiteboard (whenever applicable) for Flint to review. Like other templates, teachers can always modify this activity to better suit their classroom. For example, a teacher can upload a homework assignment on factor markets to this activity and ask Flint to replace questions with those in the homework assignment.

You can find the template here and use it for free.

Uh Oh, Market Failure! AP Microeconomics Unit 6 Review

An image of four people freaking out over market failure, with plummeting stocks in the background.

For the final unit of AP Microeconomics. This is a review of all AP Microeconomics Unit 6 review topics, and is especially helpful if time is running short and it feels like the class is rushing through this unit before the end of the semester. Students can always ask Flint for more info, support, and additional practice questions to feel prepared.

You can find the template here and use it for free.

AP Microeconomics FRQ Practice

DALLe illustration of high school student practicing AP Microeconomics FRQ on his laptop.

AP Microeconomics FRQ Practice uses past FRQs released by College Board and randomly assigns students different FRQs from former years. For students who went through all FRQs and want additional practice, they can ask Flint to generate questions similar to the FRQ format. Teachers can also upload additional FRQs they have made into the activity.

You can find the template here and use it for free.

After AP Microeconomics: Flint’s Other Use Cases

Beyond AP Microeconomics, there are numerous ways teachers and students can use Flint to enhance personalized learning. You can look through our use cases to see more, but here are two we wanted to highlight:

AP Chemistry

Image of four students in front of a beaker for AP Chemistry

Our AP Chemistry Resource Bundle includes free, customizable templates for each unit of AP Chem. Each of the templates are based off of the Unit Guides from College Board, and provide 15-20 MCQs as well as 1 FRQ for students to have ample exam prep resources before test day. You can also create quizzes like the AP Chemistry polyatomic ions quiz. AP prep is a great way to use Flint—it’s why this article exists!

IB German Letter Writing Feedback

IB German Letter Writing Feedback is a great example of using Flint’s world language capabilities and writing feedback feature. In this use case, students receive AI feedback on their writing for a IB German essay assignment. Flint can recognize the student is writing in German and give suggestions on how to improve. For teachers, we also have an AI essay grader and AI text leveler that can be great for world language papers.

Interactive Java loop while debugging

Image of java loop while debugging use case with screenshot of Flint's chat interface

Our interactive Java loop while debugging use case shows how Flint also has coding support capabilities. Students can practice identifying and fixing buggy Java code through Flint’s built-in code editor. They can paste in the Java code, and make edits directly within Flint. You can see more about Flint and computer science, along with other subjects, in our use cases.

Try Flint to Spark AP Microeconomics Learning!

As you start or wrap up the AP Microeconomics semester, Flint can be a consistent, immediate, and customizable teaching assistant for you and your classroom’s needs. This article only showed a couple of ways you could create AP Microeconomics activities, but the options are endless! Whether it’s a unit quiz, a review of textbook material, practice FRQs, or even just a fun exercise to get students excited to learn, Flint can help students and teachers feel their best on AP exam day.

Want to get started? You can try out Flint for free, try out our templates, or book a demo if you want to see Flint in action. If you’re interested in seeing our resources, you can check out our PD materials, AI policy library, case studies, and tools library to learn more. Finally, if you want to see Flint’s impact, you can see testimonials from fellow teachers.

Want to see our other AP Resources?

We are building out our AP resource library so that teachers an students can have personalized, free, time-saving, and easy-to-use AP material. Some include:

Stay tuned for more! You can also reach out to sun@flintk12.com if you have any specific resource bundles you would like to see.

Table of Contents

What is AP Microeconomics?

What is AP Microeconomics?

Why Use Flint for AP Microeconomics

Why Use Flint for AP Microeconomics

How to Use Flint for AP Microeconomics with 7 Activity Templates

How to Use Flint for AP Microeconomics with 7 Activity Templates

After AP Microeconomics: Flint’s Other Use Cases

After AP Microeconomics: Flint’s Other Use Cases

Try Flint to Spark AP Microeconomics Learning!

Try Flint to Spark AP Microeconomics Learning!

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Spark AI-powered learning at your school.

Sign up to start using Flint, free for up to 80 users.

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Spark AI-powered learning at your school.

Sign up to start using Flint, free for up to 80 users.

Start for free

Watch the video