"4 full-length practice tests with detailed answer explanations; online practice with a timed test option and scoring; comprehensive review and practice for all topics on the exam; expert tips plus Barron's 'Essential 5' things you need to know"--Cover. Includes index.
Contents:
Introduction. The AP tests in microeconomics and macroeconomics ; The discipline of economics ; Economic systems ; Demand and supply: the basics -- Microeconomics. Barron's essential 5 ; 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, and efficiency ; Microeconomics practice test -- Macroeconomics. Barron's essential 5 ; 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 ; Macroeconomics practice test.
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.