Full Description
A PERFECT PLAN FOR THE PERFECT SCORE Score-Raising Features Include:*4 full-length practice exams, 2 in the book + 2 on Cross-Platform*Hundreds of practice exercises with thorough answer explanations*Comprehensive overview of the AP Microeconomics exam format *Practice questions that reflect both multiple-choice and free-response question types, just like the ones you will see on test day*Proven strategies specific to each section of the test BONUS Cross-Platform Prep Course for extra practice exams with personalized study plans, interactive tests, powerful analytics and progress charts, flashcards, games, and more! (see inside front and back covers for details)The 5-Step Plan:Step 1: Set up your study plan with three model schedulesStep 2: Determine your readiness with an AP-style Diagnostic ExamStep 3: Develop the strategies that will give you the edge on test dayStep 4: Review the terms and concepts you need to achieve your highest scoreStep 5: Build your confidence with full-length practice exams
Contents
IntroductionStep 1 Set Up Your Study Program1 What You Need to Know About the AP Microeconomics Exam2 How to Plan Your TimeStep 2 Determine Your Test Readiness3 Take the Diagnostic ExamDiagnostic Exam: AP MicroeconomicsStep 3 Develop Strategies for Success4 How to Approach Each Question TypeSection I: Multiple-Choice QuestionsSection II: Free-Response QuestionsStep 4 Review the Knowledge You Need to Score High5 Fundamentals of Economic Analysis5.1 Scarce Resources5.2 Production Possibilities5.3 Functions of Economic Systems6 Demand, Supply, Market Equilibrium, and Welfare Analysis6.1 Demand6.2 Supply6.3 Market Equilibrium6.4 Welfare Analysis7 Elasticity, Microeconomic Policy, and Consumer Theory7.1 Elasticity7.2 Microeconomic Policy and Applications of Elasticity7.3 Trade Barriers7.4 Consumer Choice8 The Firm, Profit, and the Costs of Production8.1 Firms, Opportunity Costs, and Profits8.2 Production and Cost9 Market Structures, Perfect Competition, Monopoly, and Things Between9.1 Perfect Competition9.2 Monopoly9.3 Monopolistic Competition9.4 Oligopoly10 Factor Markets10.1 Factor Demand10.2 Least-Cost Hiring of Multiple Inputs10.3 Factor Supply and Market Equilibrium10.4 Imperfect Competition in Product and Factor Markets11 Public Goods, Externalities, and the Role of Government11.1 Public Goods and Spillover Benefits11.2 Pollution and Spillover Costs11.3 Income Distribution and Tax StructuresStep 5 Build Your Test-Taking ConfidenceAP Microeconomics Practice Exam 1AP Microeconomics Practice Exam 2AppendixesFurther ReadingWebsitesGlossaryImportant Formulas and ConditionsNER(01): WOW
