5 Steps to a 5: AP Microeconomics 2017 Edition

Get ready for your AP Microeconomics exam with this straightforward, easy-to-follow study guide

The wildly popular test prep guide― updated and enhanced for smartphone users―5 Steps to a 5: AP Macroeconomics 2017 provides a proven strategy to achieving high scores on this demanding Advanced Placement exam.

This logical and easy-to-follow instructional guide introduces an effective 5-step study plan to help students build the skills, knowledge, and test-taking confidence they need to reach their full potential. The book helps students master both multiple-choice and free-response questions and offers comprehensive answer explanations and sample responses. Written by a college professor of economics, this insider’s guide reflects the latest course syllabus and includes 2 full-length practice exams, plus the most up-to-date scoring information.

The 5 Steps to a 5: AP Microeconomics 2017 effective 5-step plan breaks down test preparation into stages: 1. Set Up Your Study Program 2. Determine Your Test Readiness 3. Develop Strategies for Success 4. Develop the Knowledge You Need to Score High 5. Build Your Test-Taking Confidence.

• 2 full-length practice exams
• BONUS interactive AP Planner app delivers a customized study schedule and extra practice questions to students’ mobile devices
• The 5 Steps to a 5 series has prepared millions of students for success

Table of Contents

STEP 1 Set Up Your Study Program
1 What You Need to Know About the AP Microeconomics Exam
2 How to Plan Your Time
STEP 2 Determine Your Test Readiness
3 Take the Diagnostic Exam
STEP 3 Develop Strategies for Success
4 How to Approach Each Question Type
STEP 4 Review the Knowledge You Need to Score High
5 Fundamentals of Economic Analysis
6 Demand, Supply, Market Equilibrium, and Welfare Analysis
7 Elasticity, Microeconomic Policy, and Consumer Theory
8 The Firm, Profit, and the Costs of Production
9 Market Structures, Perfect Competition, Monopoly, and Things Between
10 Factor Markets
11 Public Goods, Externalities, and the Role of Government
STEP 5 Build Your Test-Taking Confidence