5 Steps to a 5 AP Microeconomics, 2014-2015 Edition

(Marvins-Underground-K-12) #1

  • 1 What You Need to Know About the AP Microeconomics Exam STEP 1 Set Up Your Study Program

  • 2 How to Plan Your Time

  • 3 Take the Diagnostic Exam STEP 2 Determine Your Test Readiness

    • Diagnostic Exam: AP Microeconomics



  • 4 How to Approach Each Question Type STEP 3 Develop Strategies for Success

    • Section I: Multiple-Choice Questions

    • Section II: Free-Response Questions



  • 5 Fundamentals of Economic Analysis STEP 4 Review the Knowledge You Need to Score High

    • 5.1 Scarce Resources

    • 5.2 Production Possibilities

    • 5.3 Functions of Economic Systems



  • 6 Demand, Supply, Market Equilibrium, and Welfare Analysis

    • 6.1 Demand

    • 6.2 Supply

    • 6.3 Market Equilibrium

    • 6.4 Welfare Analysis



  • 7 Elasticity, Microeconomic Policy, and Consumer Theory

    • 7.1 Elasticity

    • 7.2 Microeconomic Policy and Applications of Elasticity

    • 7.3 Trade Barriers

    • 7.4 Consumer Choice



  • 8 The Firm, Profit, and the Costs of Production

    • 8.1 Firms, Opportunity Costs, and Profits

    • 8.2 Production and Cost



  • 9 Market Structures, Perfect Competition, Monopoly, and Things Between

    • 9.1 Perfect Competition

    • 9.2 Monopoly

    • 9.3 Monopolistic Competition

    • 9.4 Oligopoly



  • 10 Factor Markets viii á Contents

    • 10.1 Factor Demand

    • 10.2 Least-Cost Hiring of Multiple Inputs

    • 10.3 Factor Supply and Market Equilibrium

    • 10.4 Imperfect Competition in Product and Factor Markets



  • 11 Public Goods, Externalities, and the Role of Government

    • 11.1 Public Goods and Spillover Benefits

    • 11.2 Pollution and Spillover Costs

    • 11.3 Income Distribution and Tax Structures

    • AP Microeconomics Practice Exam STEP 5 Build Your Test-Taking Confidence

    • AP Microeconomics Practice Exam



  • Appendixes

    • Further Reading

    • Websites

    • Glossary

    • Important Formulas and Conditions



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