Kaplan AP Macroeconomics/Microeconomics 2007 Edition


Kaplan AP Macroeconomics/Microeconomics 2007 includes:
*2 full-length practice tests (one for each exam) with detailed answer explanations
*Diagnostic tests to target areas for score improvement
*Detailed answer explanations, including sample answers for free-response ...
See more details below
Available through our Marketplace sellers.
Other sellers (Paperback)
  • All (11) from $1.99   
  • New (2) from $38.44   
  • Used (9) from $1.99   
Sort by
Page 1 of 1
Showing All
Note: Marketplace items are not eligible for any BN.com coupons and promotions
Seller since 2015

Feedback rating:



New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

Brand New Item.

Ships from: Chatham, NJ

Usually ships in 1-2 business days

  • Canadian
  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
Seller since 2008

Feedback rating:


Condition: New

Ships from: Chicago, IL

Usually ships in 1-2 business days

  • Standard, 48 States
  • Standard (AK, HI)
Page 1 of 1
Showing All
Sort by
Sending request ...


Kaplan AP Macroeconomics/Microeconomics 2007 includes:
*2 full-length practice tests (one for each exam) with detailed answer explanations
*Diagnostic tests to target areas for score improvement
*Detailed answer explanations, including sample answers for free-response questions
*Proven, test-specific score-raising strategies
*Key terminology defined in context
*Concise review of all relevant material -- not a rehash of an econ textbook, but an efficient focus on the material that frequently appears on the AP Macroeconomics/Microeconomics Exams
*Glossary of key terms
*Online component offering extra practice questions and review material
Read More Show Less

Product Details

  • ISBN-13: 9781419550829
  • Publisher: Kaplan Publishing
  • Publication date: 12/26/2006
  • Series: Kaplan AP Series
  • Pages: 336
  • Product dimensions: 8.40 (w) x 10.90 (h) x 0.90 (d)

Meet the Author

Anaxos Inc. was founded in 1999 by Drew and Cynthia Johnson, Anaxos is a leading provider of educational content for print and electronic media.

Sangeeta K. Bishop
is an Assistant Professor of Economics at the Borough of Manhattan Community College, City University of New York. Dr. Bishop has over 10 years of teaching experience and involvement with student advisement and curriculum review.
Chuck Martie holds a Ph.D. in Economics from the University of Connecticut and works as an analyst in the Governor's Office for Policy Research in Kentucky.

Raymond Miller
holds a Ph.D. in Economics from Tulane University and is an assistant professor of economics at Southern University at New Orleans.

Christine Parrott
is an economics instructor at Austin Community College and holds an MA in economics from the University of Texas at Arlington.
Read More Show Less

Table of Contents

About the Authors     ix
Kaplan Panel of AP Experts     xi
The Basics
Inside the AP Economics Exams     3
Overview of the Exam Structure     5
How the Exams Are Scored     7
Registration and Fees     8
Additional Resources     8
Strategies for Success: It's Not Always How Much You Know     15
Strategies for the AP Economics Exams     16
Multiple-Choice Questions     17
Ten-Minute Reading Period     22
Free-Response Questions     22
Stress Management     25
Countdown to the Tests     27
Diagnostic Tests
AP Macroeconomics Diagnostic Test     33
How to Compute Your Score     34
Answers and Explanations     44
AP Microeconomics Diagnostic Test     51
How to Compute Your Score     52
Answers and Explanations     60
AP Macroeconomics Review
Basic Economic Concepts     67
Scarcity, Choice, and Opportunity Costs     67
Production Possibilities Curve     70
Comparative Advantage, Specialization, and Exchange     72
Demand, Supply, and Market Equilibrium     73
Review Questions     78
Answers and Explanations     79
Measurement of Economic Performance     81
National Income Accounts     81
GDP     82
Business Cycles, Unemployment, and Growth     83
Inflation Measurement     84
Unemployment     84
Review Questions     88
Answers and Explanations     91
National Income and Price Determination     93
Aggregate Demand (AD)     93
Aggregate Supply (AS)     96
Macroeconomic Equilibrium     97
Fiscal Policy and the Multipliers     99
Review Questions     102
Answers and Explanations     105
Financial Sector     107
Money Banking, and Financial Markets     107
The Central Bank and Control of the Money Supply     110
Review Questions     115
Answers and Explanations     118
Inflation, Unemployment, and Stabilization Policies     121
Fiscal and Monetary Policies     121
Inflation and Unemployment     126
Review Questions     128
Answers and Explanations     132
Economic Growth and Productivity     137
Economic Growth      137
Review Questions     140
Answers and Explanations     142
Open Economy: International Trade and Finance     145
Balance of Payment Accounts     145
Foreign Exchange Market     147
Trade Restrictions     148
Review Questions     149
Answers and Explanations     152
AP Microeconomics Review
Basic Economic Concepts     157
Scarcity, Choice, and Opportunity Cost     157
Production Possibilities Curve     157
Comparative Advantage, Specialization, and Trade     159
Economic Systems     160
Property Rights and Incentives     161
Marginal Analysis     161
Review Questions     162
Answers and Explanations     164
The Nature and Structure of Product Markets     165
Supply and Demand     165
Theory of Consumer Choice     180
Firm Behavior and Market Structure     184
Review Questions     194
Answers and Explanations     202
Factor Markets     209
Derived Factor Demand     209
Marginal Revenue Product     209
Labor Market and Firms' Hiring of Labor      211
Review Questions     215
Answers and Explanations     218
Market Failure and the Role of Government     223
Externalities     223
Public Goods     230
Public Policy to Promote Competition     232
Income Distribution     232
Review Questions     235
Answers and Explanations     239
Practice Tests
How to Take the Practice Tests     244
How to Compute Your Score     245
AP Macroeconomics Practice Test     249
Answers and Explanations     268
AP Microeconomics Practice Test     281
Answers and Explanations     298
AP Economics Glossary     309
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)