AP΢¹Û¾­¼Ãѧ5·ÖÖÆʤ-Ó¢ÎÄ

STEP 1 Set Up Your Study Program 1 What You Need to Know About the AP Microeconomics Exam 3 2 How to Plan Your Time 12 STEP 2 Determine Your Test Readiness 3 Take the Diagnostic Exam 19 Diagnostic Exam: AP Microeconomics 23 STEP 3 Develop Strategies for Success 4 How to Approach Each Question Type 33 Section I: Multiple-Choice Questions 33 Section II: Free-Response Questions 36 STEP 4 Review the Knowledge You Need to Score High 5 Fundamentals of Economic Analysis 41 5.1 Scarce Resources 42 5.2 Production Possibilities 45 5.3 Functions of Economic Systems 51 6 Demand, Supply, Market Equilibrium, and Welfare Analysis 55 6.1 Demand 55 6.2 Supply 61 6.3 Market Equilibrium 64 6.4 Welfare Analysis 69 7 Elasticity, Microeconomic Policy, and Consumer Theory 74 7.1 Elasticity 75 7.2 Microeconomic Policy and Applications of Elasticity 83 7.3 Trade Barriers 90 7.4 Consumer Choice 93 8 The Firm, Profit, and the Costs of Production 102 8.1 Firms, Opportunity Costs, and Profits 103 8.2 Production and Cost 104 9 Market Structures, Perfect Competition, Monopoly, and Things Between 116 9.1 Perfect Competition 117 9.2 Monopoly 127 9.3 Monopolistic Competition 132 9.4 Oligopoly 134 10 Factor Markets 140 10.1 Factor Demand 141 10.2 Least-Cost Hiring of Multiple Inputs 145 10.3 Factor Supply and Market Equilibrium 147 10.4 Imperfect Competition in Product and Factor Markets 149 11 Public Goods, Externalities, and the Role of Government 153 11.1 Public Goods and Spillover Benefits 154 11.2 Pollution and Spillover Costs 156 11.3 Income Distribution and Tax Structures 158 STEP 5 Build Your Test-Taking Confidence AP Microeconomics Practice Exam 1 167 AP Microeconomics Practice Exam 2 187 Appendixes 207 Further Reading 209 Websites 211 Glossary 213 Important Formulas and Conditions 219