This in-depth preparation for both AP economics exams provides a detailed review of the newly revised test topics, including: supply and demand, theory of consumer choice, market structures, labor resources, game theory, national income and gross domestic product, inflation and unemployment, monetary policy, economic growth, international trade and exchange, interest rate determination, and much more. The book includes two full-length practice tests--one in Microeconomics and one in Macroeconomics-- with all test questions answered and explained.
"synopsis" may belong to another edition of this title.
Since James Redelsheimer began teaching Advanced Placement Economics at Robbinsdale Armstrong High School in Plymouth, Minnesota in 2003, over 500 of his students have gone on to receive college credit on AP Economics exams. Redelsheimer received the 3M Economics Educator Excellence Award from the Minnesota Council on Economic Education, and was named Visa’s Practical Money Skills Innovative Educator of the Month. He has been a guest lecturer in the economics department at the Batumi State University in The Republic of Georgia, and has received travel grants and fellowships for study travel to learn about the economies of Japan, China, Turkey, Germany, Korea, among others, and studied economics of the environment in Costa Rica. In addition, Redelsheimer is a trainer of other teachers of Economics as a Master Teacher for the Minnesota Council on Economics Education. Redelsheimer is also a frequent presenter at local and national economics conferences, and currently serves as an AP Economics reader, grading AP Economics exams.
Table of Contents:
INTRODUCTION
1 The AP Exams in Microeconomics and Macroeconomics
2 The Discipline of Economics
3 Economic Systems
4 Demand and Supply: The Basics
MICROECONOMICS
Barron's Essential 5
5 Applications of Demand and Supply--Elasticity and Taxation
6 Theory of Consumer Choice or Behavior
7 Costs, Production, Supply
8 Product Markets: Types, Characteristics, Pricing Strategies
9 Perfect Competition
10 Monopoly
11 Imperfect Competition: Monopolistic ompetition, Oligopoly
12 Resource Markets with Applications to Labor
13 Government and Public Sector: Market Failure, Rents, Externalities, Public Goods, Efficiency
MODEL AP EXAM IN MICROECONOMICS
MACROECONOMICS
Barron's Essential 5
14 The National Economic Accounts
15 Inflation and Unemployment
16 Aggregate Supply and Aggregate Demand
17 Fiscal Policy
18 Money and Banking
19 Monetary Policy
20 Economic Growth
21 International Trade and Exchange
MODEL AP EXAM IN MACROECONOMICS
Index
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