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From the Inside Flap -------------------- Table of Contents: INTRODUCTION 1 The AP Tests in Microeconomics and Macroeconomics 2 The Discipline of Economics 3 Economic Systems 4 Demand and Supply: The Basics MICROECONOMICS Barron's Essential 5 5 Elasticity, Taxation, and Consumer Choice 6 Costs of Production 7 Perfect Competition 8 Monopoly 9 Imperfect Competition: Monopolistic Competition and Oligopoly 10 Resource Markets with Applications to Labor 11 Government and Public Sector: Market Failure, Rents, Externalities, Public Goods, Efficiency Microeconomics Practice Test MACROECONOMICS Barron's Essential 5 12 The National Economic Accounts 13 Inflation and Unemployment 14 Aggregate Supply and Aggregate Demand 15 Fiscal Policy 16 Money and Banking 17 Monetary Policy 18 Economic Growth 19 International Trade and Exchange Macroeconomics Practice Test Index About the Author ---------------- Elia Kacapyr is a professor of economics at Ithaca College. He holds a B.A. in economics from the University of Maryland. His Ph.D. is from the Andrew Young School of Policy Studies at Georgia State University. Elia’s fields are macroeconomic theory and econometrics. He has published numerous scholarly articles and three books, including A Guide to Basic Econometric Techniques. Elia has served as a reader for the AP Exam in Economics and consulted with the Educational Testing Service on the Economics Field Exam. James Redelsheimer has been teaching Advanced Placement Economics at Robbinsdale Armstrong High School in Plymouth, Minnesota since 2003. In that time, over 500 of his students have gone on to receive college credit on AP Economics exams. In 2011, Mr. Redelsheimer received the 3M Economics Educator Excellence Award from the Minnesota Council on Economic Education (MCEE), and in 2016 he received the Thrivent Financial Personal Finance Leadership Award. He has been a guest lecturer in the economics department at the Batumi State University in The Republic of Georgia, and has received travel grants and fellowships for study travel to learn about the economies of Japan, China, Turkey, Germany, and Korea, among others, and studied economics of the environment in Costa Rica. He is a frequent presenter at local and national economics conferences, and currently serves as an AP Economics reader, grading AP Economics exams. He resides in Plymouth, Minnesota with his wife and three children.