STEP1SetUpYourStudyProgram
1WhatYouNeedtoKnowAbouttheAPEconomicsExams
2HowtoPlanYourTime
STEP2DetermineYourTestReadiness
3TakeDiagnosticExams
DiagnosticExam:APMicroeconomics
DiagnosticExam:APMacroeconomics
STEP3DevelopStrategiesforSuccess
4HowtoApproachEachQuestionType
SectionⅠ:Multiple-ChoiceQuestions
SectionⅡ:Free-ResponseQuestions
STEP4ReviewtheKnowledgeYouNeedtoScoreHigh
5FundamentalsofEconomicAnalysis
ScarceResources
ProductionPossibilities
FunctionsofEconomicSystems
6DemandSupplyMarketEquilibriumandWelfareAnalysis
Demand
Supply
MarketEquilibrium
WelfareAnalysis
7ElasticityMicroeconomicPolicyandConsumerTheory
Elasticity
MicroeconomicPolicyandApplicationsofElasticity
ConsumerChoice
8TheFirmProfitandtheCostsofProduction
FirmsOpportunityCostsandProfits
ProductionandCost
9MarketStructuresPerfectCompetitionMonopolyandThingsBetween
PerfectCompetition
Monopoly
MonopolisticCompetition
Oligopoly
10FactorMarkets
FactorDemand
Least-CostHiringofMultipleInputs
FactorSupplyandMarketEquilibrium
ImperfectCompetitioninProductandFactorMarkets
11PublicGoodsExternalitiesandtheRoleofGovernment
PublicGoodsandSpilloverBenefits
PollutionandSpilloverCosts
IncomeDistributionandTaxStructures
12MacroeconomicMeasuresofPerformance
TheCircularFlowModel
AccountingforOutputandIncome
InflationandtheConsumerPriceIndex
Unemployment
13ConsumptionSavingInvestmentandtheMultiplier
ConsumptionandSaving
Investment
TheMultiplierEffect
14AggregateDemandandAggregateSupply
AggregateDemand(AD)
AggregateSupply(AS)
MacroeconomicEquilibrium
TheTrade-OffBetweenInflationandUnemployment
15FiscalPolicyEconomicGrowthandProductivity
ExpansionaryandContractionaryFiscalPolicy
DifficultiesofFiscalPolicy
EconomicGrowthandProductivity
16MoneyBankingandMonetaryPolicy
MoneyandFinancialAssets
FractionalReserveBankingandMoneyCreation
MonetaryPolicy
17InternationalTrade
ComparativeAdvantageandGainsfromTrade
BalanceofPayments
ForeignExchangeRates
TradeBarriers
STEP5BuildYourTest-TakingConfidence
APMicroeconomicsPracticeExam1
APMacroeconomicsPracticeExam1
APMicroeconomicsPracticeExam2
APMacroeconomicsPracticeExam2
Appendixes
Bibliography
WebSites
Glossary
ImportantFormulasandConditions
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