5 Steps to a 5 AP Microeconomics, 2014-2015 Edition

Get ready for your AP exam with this straightforward and easy-to-follow study guide, updated for all the latest exam changes!

5 Steps to a 5: AP Microeconomics features an effective, 5-step plan to guide your preparation program and help you build the skills, knowledge, and test-taking confidence you need to succeed. This fully revised edition covers the latest course syllabus and provides model tests that reflect the latest version of the exam.

Inside you will find:

• 5-Step Plan to a Perfect 5: 1. Set Up Your Study Program 2. Determine Your Test Readiness 3. Develop Strategies for Success 4. Develop the Knowledge You Need to Score High 5. Build Your Test-Taking Confidence
• 2 complete practice AP Microeconomics exams
• 3 separate plans to fit your study style
• Review material updated and geared to the most recent tests
• Savvy information on how tests are constructed, scored, and used

Table of Contents

STEP 1 Set Up Your Study Program
1 What You Need to Know About the AP Microeconomics Exam
2 How to Plan Your Time

STEP 2 Determine Your Test Readiness
3 Take the Diagnostic Exam

STEP 3 Develop Strategies for Success
4 How to Approach Each Question Type

STEP 4 Review the Knowledge You Need to Score High
5 Fundamentals of Economic Analysis
6 Demand, Supply, Market Equilibrium, and Welfare Analysis
7 Elasticity, Microeconomic Policy, and Consumer Theory
8 The Firm, Profit, and the Costs of Production
9 Market Structures, Perfect Competition, Monopoly, and Things Between
10 Factor Markets
11 Public Goods, Externalities, and the Role of Government

STEP 5 Build Your Test-Taking Confidence