Includes index. Reviews topics covered on the exam, offers tips on test-taking strategies, with 4 practice tests.
Contents:
The AP tests in Microeconomics and Macroeconomics -- The discipline of economics -- Economic systems -- Demand and supply: the basics -- Elasticity, taxation, and consumer choice -- Costs of production -- Perfect competition -- Monopoly -- Imperfect competition: monopolistic competition and oligopoly -- Resource markets with applications to labor -- Government and public sector: market failure, externalities, public goods, efficiency -- The national economic accounts -- Inflation and unemployment -- Money and banking -- Monetary theory -- Aggregate supply and aggregate demand -- Monetary policy -- Fiscal policy -- International trade and finance.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.