This in-depth preparation for both AP Economics exams provides a detailed review of all test topics, including: supply and demand, theory of consumer choice, market structures, labor resources, monopsony, 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.
ONLINE PRACTICE TESTS: Students who purchase this book will also get access to two additional full-length online AP Microeconomics/Macroeconomics tests with all questions answered and explained. These online exams can be easily accessed by smartphone, tablet, or computer.
|Edition description:||Sixth Edition|
|Product dimensions:||8.30(w) x 10.70(h) x 0.80(d)|
About the Author
Elia Kacapyr is a professor of economics at Ithaca College. He holds a B.A. in economics from the University of Maryland. His Ph.D. is from the Andrew Young School of Policy Studies at Georgia State University. Elia’s fields are macroeconomic theory and econometrics. He has published numerous scholarly articles and three books, including A Guide to Basic Econometric Techniques. Elia has served as a reader for the AP Exam in Economics and consulted with the Educational Testing Service on the Economics Field Exam.
James Redelsheimer has been teaching Advanced Placement Economics at Robbinsdale Armstrong High School in Plymouth, Minnesota since 2003. In that time, over 500 of his students have gone on to receive college credit on AP Economics exams. In 2011, Mr. Redelsheimer received the 3M Economics Educator Excellence Award from the Minnesota Council on Economic Education (MCEE), and in 2016 he received the Thrivent Financial Personal Finance Leadership Award. 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, and Korea, among others, and studied economics of the environment in Costa Rica. He is a frequent presenter at local and national economics conferences, and currently serves as an AP Economics reader, grading AP Economics exams. He resides in Plymouth, Minnesota with his wife and three children.
Table of Contents
1 The AP Tests in Microeconomics and Macroeconomics
2 The Discipline of Economics
3 Economic Systems
4 Demand and Supply: The Basics
Barron's Essential 5
5 Elasticity, Taxation, and Consumer Choice
6 Costs of Production
7 Perfect Competition
9 Imperfect Competition: Monopolistic Competition and Oligopoly
10 Resource Markets with Applications to Labor
11 Government and Public Sector: Market Failure, Rents, Externalities, Public Goods, Efficiency
Microeconomics Practice Test
Barron's Essential 5
12 The National Economic Accounts
13 Inflation and Unemployment
14 Aggregate Supply and Aggregate Demand
15 Fiscal Policy
16 Money and Banking
17 Monetary Policy
18 Economic Growth
19 International Trade and Exchange
Macroeconomics Practice Test