Step 1: Set up your study program: What you need to know about the AP economics exams -- How to plan your time -- Step 2: Determine your test readiness: Take diagnostic exams -- Step 3: Develop strategies for success: How to approach each question type -- Step 4: Review the knowledge you need to score high: Fundamentals of economic analysis -- Demand, supply, market equilibrium, and welfare analysis -- Elasticity, microeconomic policy, and consumer theory -- Firm, profit, and the costs of production -- Market structures, perfect competition, monopoly, and things between -- Factor markets -- Public goods, externalities, and the role of government -- Macroeconomic measures of performance -- Consumption, saving, investment, and the multiplier -- Aggregate demand and aggregate supply -- Fiscal policy, economic growth, and productivity -- Money, banking, and monetary policy -- International trade -- Step 5: Build your test-taking confidence -- Appendixes.
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This revised guide to AP Microeconomics/Macroeconomics uses the successful 5 Steps plan to help you score high on this difficult exam.