The new 4th edition reflects the change in content emphasis on the AP ECONOMICS EXAMINATION and consists of three parts: the first part is new to the 4th edition and is a content summary of each unit. This content review provides students with a clear and concise summary of the important economic concepts contained in that section of the AP ECONOMICS EXAMINATION.
The second part of the book prepares students for the multiple-choice and free response questions on the AP MICROECONOMICS EXAMINATION. It consists of 5 units totaling 130 multiple-choice questions and 15 free-response questions, as well as 2 sample exams, each with 60 multiple-choice and 3 free-response questions. The 5 units in the Microeconomics section of the book are: Scarcity and Opportunity Cost; The Price Discovery Mechanism, Supply and Demand; Cost of Production and Theory of the Firm; Factor Markets; and Public Finance.
The third part of the book prepares students for the multiple-choice and free response questions on the AP MACROECONOMICS EXAMINATION. It consists of 5 units totaling 143 multiple-choice questions and 15 free-response questions, as well as 2 sample exams, each with 60 multiple-choice and 3 free-response questions. The 5 units in the Macroeconomics section of the book are: Macroeconomic Indicators; Business Cycles and Fiscal Policy, Money; Banking and Monetary Policy; Aggregate Supply/Aggregate Demand Model, and International Economics.
Each class order is accompanied by a FREE Teacher's Manual, which contains explanations for all the multiple-choice and free-response questions. Also included in the Teacher's Manual are actual student answers to the free-response sample exam questions that are graded using a standard AP rubric. The rubric and an explanation for the grade given are included. A course description is included as well. Student Answer Keys for all multiple-choice questions are separately packaged.
The authors of this book are James Chasey and Shawn Waldron. James Chasey is a former AP Economics teacher at Homewood-Flossmoor High School in Flossmoor, Illinois. He has been an AP Economics Reader since 1995. James Chasey is an AP?consultant for the College Board in the Midwest, conducting many one-day workshops and weeklong summer institutes for AP teachers. Shaun Waldron has been teaching AP Economics for 19 years and is currently the AP Economics teacher at Niles West High School in Skokie, IL. She has been an AP Economics Reader including Grading, Table Leader and Question Leader for over 10 years.
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