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CITATION

Dodge, Eric. 5 Steps to a 5 AP Microeconomics/Macroeconomics, 2012-2013 Edition. McGraw-Hill, 2011.

5 Steps to a 5 AP Microeconomics/Macroeconomics, 2012-2013 Edition

Authors: Eric Dodge

Published:  June 2011

eISBN: 9780071751230 0071751238 | ISBN: 9780071751223
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  • Contents
  • Preface
  • Acknowledgments
  • Introduction: The Five-Step Program
  • Step 1 Set Up Your Study Program
  • 1 What You Need to Know About the AP Economics Exams
  • 2 How to Plan Your Time
  • Step 2 Determine Your Test Readiness
  • 3 Take Diagnostic Exams
  • Diagnostic Exam: AP Microeconomics
  • Diagnostic Exam: AP Macroeconomics
  • Step 3 Develop Strategies for Success
  • 4 How to Approach Each Question Type
  • Multiple-Choice Questions
  • Free-Response Questions
  • Step 4 Review the Knowledge You Need to Score High
  • 5 Fundamentals of Economic Analysis
  • Scarce Resources
  • Production Possibilities
  • Functions of Economic Systems
  • 6 Demand, Supply, Market Equilibrium, and Welfare Analysis
  • Demand
  • Supply
  • Market Equilibrium
  • Welfare Analysis
  • 7 Elasticity, Microeconomic Policy, and Consumer Theory
  • Elasticity
  • Microeconomic Policy and Applications of Elasticity
  • Consumer Choice
  • 8 The Firm, Profit, and the Costs of Production
  • Firms, Opportunity Costs, and Profits
  • Production and Cost
  • 9 Market Structures, Perfect Competition, Monopoly, and Things Between
  • Perfect Competition
  • Monopoly
  • Monopolistic Competition
  • Oligopoly
  • 10 Factor Markets
  • Factor Demand
  • Least-Cost Hiring of Multiple Inputs
  • Factor Supply and Market Equilibrium
  • Imperfect Competition in Product and Factor Markets
  • 11 Public Goods, Externalities, and the Role of Government
  • Public Goods and Spillover Benefits
  • Pollution and Spillover Costs
  • Income Distribution and Tax Structures
  • 12 Macroeconomic Measures of Performance
  • The Circular Flow Model
  • Accounting for Output and Income
  • Inflation and the Consumer Price Index
  • Unemployment
  • 13 Consumption, Saving, Investment, and the Multiplier
  • Consumption and Saving
  • Investment
  • The Multiplier Effect
  • 14 Aggregate Demand and Aggregate Supply
  • Aggregate Demand (AD)
  • Aggregate Supply (AS)
  • Macroeconomic Equilibrium
  • The Trade-Off Between Inflation and Unemployment
  • 15 Fiscal Policy, Economic Growth, and Productivity
  • Expansionary and Contractionary Fiscal Policy
  • Difficulties of Fiscal Policy
  • Economic Growth and Productivity
  • 16 Money, Banking, and Monetary Policy
  • Money and Financial Assets
  • Fractional Reserve Banking and Money Creation
  • Monetary Policy
  • 17 International Trade
  • Comparative Advantage and Gains from Trade
  • Balance of Payments
  • Foreign Exchange Rates
  • Trade Barriers
  • Step 5 Build Your Test-Taking Confidence
  • AP Microeconomics Practice Exam 1
  • AP Macroeconomics Practice Exam 1
  • AP Microeconomics Practice Exam 2
  • AP Macroeconomics Practice Exam 2
  • Appendixes
  • Bibliography
  • Web Sites
  • Glossary
  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • Important Formulas and Conditions