<p>Well, I’m in the class so would that suffice?</p>
<p>What is 5 Steps? I don’t think that I’ve heard of it.</p>
<p>
I ended up choosing Micro…</p>
<p>I have been studying from PR and Barron’s. </p>
<p>So where are you guys in your self-studying? I’m on Elasticity and just finished Price Ceilings and Price Floors.</p>
<p>[AP</a> Microeconomics](<a href=“http://edaviseconomics.com/apmicro.html]AP”>AP Microeconomics)
This is probably the greatest site for anyone who is self-studying Micro.
Much more interesting and enjoyable than reading out of a book with colorless, drab pictures.</p>
<p>Post any other helpful resources you guys might find.</p>
<p>@ wart</p>
<p>5 Steps to a 5 is a review book from Mcgraw Hill. Its like barrons and PR, but I think it is better than PR/Barrons for econ AP.</p>
<p>Just go to amazon.com and type in 5 steps AP economics, it should show up.</p>
<p>Thanks for the clarification.</p>
<p>I wish that I had come on here earlier before I purchased all of those Barron’s books.</p>
<p>Hey all,</p>
<p>I’m reading the Princeton along with some online resources to self-study Micro.
I have the Mankiw Book(5th Edition) from my school.</p>
<p>What exactly are you guys using as practice problems?</p>
<p>I finished reading Barron’s, and I think I understand most of it. But will the information be sufficient? Or does Barron’s cover every topic?</p>
<p>^According to some of the other posters, you might want to consider purchasing 5 Steps to a 5 as well.</p>
<p>
PR has 1 practice test.
[AP</a> Central - The AP Microeconomics Exam](<a href=“http://apcentral.collegeboard.com/apc/members/exam/exam_questions/2084.html]AP”>Supporting Students from Day One to Exam Day – AP Central | College Board)
There’s tons of FRQ and 24 MC on this site, all from CB. </p>
<p>Other than that, I have Barron’s but I have heard that Barron’s goes to much in detail and should just be a supplement to a class, not self-study. I’ll probably use it for practice though. </p>
<hr>
<p>Also, to prepare, let’s start asking questions on this thread. It’ll be much better than sitting in front of a book for hours. I’ll start(Micro):
As average product increases,
A) marginal product always increases
B) marginal product sometimes increases
C) marginal product never increases
D) marginal product is constant
E) marginal product is not related to average product</p>
<p>Put an answer, explain it, and maybe add another question for other people to answer. We can get a lot of studying done this way :)</p>
<p>I’m in an AP Micro class and will be taking the AP Micro Exam this year. After the AP Calc exam, the AP Micro exam will be the only exam I have left. So there is a whole week for me to prepare for just Econ. I have 5 Steps to a 5 and will review out of it in the week before the exam so that it will stay fresh in my mind. It’s plenty of time to prepare, especially since I’m shooting for a 3.</p>
<p>^
Why shoot for a 3 when you’re in a class…go for a 5…seriously if people can self-study 5s, then being in a class should give you a 5 pretty easily if you’ve been doing it the whole year. Set your standards higher.:)</p>
<p>Also, to prepare, let’s start asking questions on this thread. It’ll be much better than sitting in front of a book for hours. I’ll start(Micro):
As average product increases,
A) marginal product always increases
B) marginal product sometimes increases
C) marginal product never increases
D) marginal product is constant
E) marginal product is not related to average product</p>
<p>Put an answer, explain it, and maybe add another question for other people to answer. We can get a lot of studying done this way</p>
<p>Is it more preferable to set high expectations or low expectations?</p>
<p>Also, to prepare, let’s start asking questions on this thread. It’ll be much better than sitting in front of a book for hours. I’ll start(Micro):
As average product increases,
A) marginal product always increases
B) marginal product sometimes increases
C) marginal product never increases
D) marginal product is constant
E) marginal product is not related to average product</p>
<p>Put an answer, explain it, and maybe add another question for other people to answer. We can get a lot of studying done this way</p>
<p>No one know the answer to this?</p>
<p>^
It’s A but I was too lazy to explain or put up a new question so I didn’t answer in the first place.</p>
<p>lol it’s B. I intended it to be a trick question. </p>
<p>I wish I could draw a graph on here, but I guess the best explanation is to just leave the ppt link. Go to slide 21. <a href=“http://edaviseconomics.com/Ch06.ppt[/url]”>http://edaviseconomics.com/Ch06.ppt</a></p>
<p>You see that the MP curve starts off with a positive slope, which slowly becomes negative and stays negative. It is after it is negative that the point where AP intersects. AP’s max is at the intersection. It is increasing to the left, decreasing to the right. It’s hard to explain this though, you just have to look at the graph. </p>
<p>The trick: I just switched the question
The converse of the question would be A(if MP increases, AP always increases)</p>
<p>I would shoot for a 5, but I can’t get any more credit for a 5 than a 3, and with other APs to study, I really need to prioritize.</p>
<p>I’m self-studying both AP Micro & AP Macro. For Macroeconomics I’m using Principles of Macroeconomics by Mankiw and PR. For Microeconomics I’m using PR as well. </p>
<p>Does anyone know where to find practice tests? I’ve found a few so far but I was looking to have 4-5 for each exam so I can take a practice one weekly.</p>
<p>Wow the exam is getting closed, and I’m getting stressed!</p>
<p>I’m only at Factor Markets so far in my 5 Steps to a 5, but I’ve really ramped up my studying in the past few days so I hope I can complete the book in time for a 1 week review.</p>
<p>Anyways, here’s a question:</p>
<p>Which of these is not a characteristic of a perfectly competitive market?</p>
<p>A) No barriers to entry/exit
B) Homogeneous product
C) Few firms with large market share
D) Long term π = 0
E) Horizontal demand curve</p>
<p>Does anyone know where the Microeconomic section ends in 5 Steps to a 5 and where the Macroeconomic section starts?</p>
<p>Page 169 in the 2010-2011 Edition. It’s Chapter 12, Macroeconomic Measures of Performance.</p>