AP Micro Economics/Macro Economics

Excelling on the AP Economics Exams About This Book and TESTware The purpose of this book is to provide a review for the Advanced Placement Economics Examinations written in high school vernacular. Our mission is to translate economics to a level understandable to the average student. One full-length practice exam is included for both the Macroeconomics exam and the Microeconomics exam. The two full-length practice exams are included in two formats: in printed format in this book and in TESTware format on the enclosed CD. We strongly recommend that you begin your preparation with the TESTware practice exams. The software provides the added benefits of automatic, accurate scoring and enforced time conditions. To best utilize your study time, follow our Study Schedule, which you will find in the front of this book. The schedule is based on a six-week program, but if necessary can be condensed to three weeks by collapsing each two-week period into one week. SSD accommodations for students with disabilities Many students qualify for extra time to take the AP exams, and our TESTware can be adapted to accommodate your time extension. This allows you to practice under the same extended-time accommodations that you will receive on the actual test day. To customize your TESTware to suit the most common extensions, visit our website at www.rea.com/ssd. About the Advanced Placement Program The Advanced Placement program is designed to provide high school students with the opportunity to pursue college-level studies. The AP Economics course has two components (Macroeconomics and Microeconomics), each of which is tested and graded separately. Students are expected to gain college-level skills and acquire college-level knowledge of economics through the AP course. Upon completion of the course, students may take the AP exam for Macroeconomics, Microeconomics, or both. Test results are used to grant course credit and/or determine placement level in the subject when entering college. AP exams are offered every May. The exam schedule allows everyone the opportunity to take both exams on the same dayMacroeconomics in the morning, Microeconomics in the afternoon. For more information contact Educational Testing Service or the College Board at: AP Services P.O. Box 6671 Princeton, NJ 08541-6671 Phone: (609) 771-7300 or (888) 225-5427 Fax: (609) 530-0482 E-mail: apexams@ets.org Web site: www.collegeboard.com About the AP Economics Exams The two components of the AP Economics course are tested and graded separately. It is possible to receive a qualified rating (3 or greater) on one exam and not the other. Each exam carries three college credit hours, although many schools require a grade of 4 or 5 to replace their introductory macro or micro course. The exams are 2 hours and 10 minutes long. Each section in each exam is completed separately. You will have 70 minutes to answer 60 multiple-choice questions, worth 67% of your final grade. Each correct answer is worth one point, and each incorrect answer deducts 1/4 point. The free-response section is 60 minutes long and has three questions. You will have a 10-minute reading section, followed by 50 minutes to answer the questions. The first is a long essay and worth 15 points; the second and third (short) essay questions are worth 15 points total. The points for this section comprise 33% of the exam. AP Microeconomics Exam Distribution I. Basic Economic Concepts (814%) A. Scarcity, choice, and opportunity cost B. Production possibilities curve C. Comparative advantage, specialization, and trade D.Sattora, Richard is the author of 'AP Micro Economics/Macro Economics', published 2008 under ISBN 9780738603766 and ISBN 0738603767.