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 have access to two additional full-length online AP Microeconomics/Macroeconomics tests with all questions answered and explained.
From the front Cover
Table of Contents: INTRODUCTION 1 The AP Tests in Microeconomics and Macroeconomics 2 The Discipline of Economics 3 Economic Systems 4 Demand and Supply: The Basics MICROECONOMICS Barron's Essential 5 5 Elasticity, Taxation, and Consumer Choice 6 Costs of Production 7 Perfect Competition 8 Monopoly 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 MACROECONOMICS 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 Index