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How to Prepare for the AP Micro/Macro Economics

Product SKU: BA3361-6

Price per Unit (piece): $16.99

Presented in this updated manual are two full-length practice tests—including one all-new macroeconomics test—with all questions answered and explained. Students will also find an extensive review of all AP test topics, which include economic systems, demand and supply, theory of consumer choice, economics in the public sector, costs, product markets, perfect and imperfect competition, monopolies, labor resources, the national income and gross domestic product, inflation and unemployment, fiscal policy, money and banking, monetary policy, determinants of economic growth, and international trade and exchange. Added new sections in this edition include game theory, Giffen goods, money demand, interest rate determination, and potential GDP.

Table of Contents:

Introduction
Preparing for the Advanced Placement Exams in Microeconomics and Macroeconomics
The Discipline of Economics
Economic Systems
Microeconomics
Demand and Supply: The Basics
Applications of Demand and Supply—Elasticity
Theory of Consumer Choice and Behavior
Government and Public Sector: Market Failure, Rents, Externalities, Public Goods, and Efficiency
Costs, Production, Supply
Product Markets: Types, Characteristics, Pricing Strategies
Perfect Competition
Monopoly
Imperfect Competition: Monopolistic Competition, Oligopoly
Resource Markets with Applications to Labor
Model Advanced Placement Examination in Microeconomics
Macroeconomics
National Income and Product Accounts
Inflation and Unemployment
Aggregate Supply and Aggregate Demand
Fiscal Policy
Money and Banking
Monetary Policy
Economic Growth
International Trade and Exchange
Model Advanced Placement Examination in Macroeconomics
Index