新东方 AP微观经济学5分制胜

STEP1 Set Up Your Study Program

1What You Need to Know About the AP Microeconomics Exam 3

2How to Plan Your Time 12

STEP2 Determine Your Test Readiness

3Take the Diagnostic Exam 19

DiagnosticExam: AP Microeconomics 23

STEP3 Develop Strategies for Success

4How to Approach Each Question Type 33

SectionI: Multiple-Choice Questions 33

SectionII: Free-Response Questions 36

STEP4 Review the Knowledge You Need to ScoreHigh

5Fundamentals of Economic Analysis 41

5.1Scarce Resources 42

5.2Production Possibilities 45

5.3Functions of Economic Systems 51

6Demand, Supply, Market Equilibrium, and Welfare Analysis 55

6.1Demand 55

6.2Supply 61

6.3Market Equilibrium 64

6.4Welfare Analysis 69

7Elasticity, Microeconomic Policy, and Consumer Theory 74

7.1Elasticity 75

7.2Microeconomic Policy and Applications of Elasticity 83

7.3Trade Barriers 90

7.4Consumer Choice 93

8The Firm, Profit, and the Costs of Production 102

8.1Firms, Opportunity Costs, and Profits 103

8.2Production and Cost 104

9Market Structures, Perfect Competition, Monopoly, and Things Between 116

9.1Perfect Competition 117

9.2Monopoly 127

9.3Monopolistic Competition 132

9.4Oligopoly 134

10Factor Markets 140

10.1Factor Demand 141

10.2Least-Cost Hiring of Multiple Inputs 145

10.3Factor Supply and Market Equilibrium 147

10.4Imperfect Competition in Product and Factor Markets 149

11Public Goods, Externalities, and the Role of Government 153

11.1Public Goods and Spillover Benefits 154

11.2Pollution and Spillover Costs 156

11.3Income Distribution and Tax Structures 158

STEP5 Build Your Test-Taking Confidence

APMicroeconomics Practice Exam 1 167

APMicroeconomics Practice Exam 2 187

Appendixes207

FurtherReading 209

Websites211

Glossary213

ImportantFormulas and Conditions 219