which one could a production possibilities frontier not show? was it full employment?
@yoda4ever while i do not remember what the correct answer ended up being, it was not full employment
(http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=full+employment,+production+possibilities)
Can anyone remember waht the excess capacity question was? Was it on form O?
Good luck guys!
@slothsrevolution they’re still all discussing micro, what’d you think of micro?
What did you guys think of micro? I thought the FRQs were tricky, what’d you guys get?
@yoda4ever @bobchillax equilibrium
can we go over the first frq with the money demand graph? i don’t remember the question
is there a google doc for mc questions?
I thought micro MC was medium in difficulty, and the FRQ was easy
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Did anybody else get the question about dominant strategy? Was the answer low price was the dominant strategy for both?
I probably failed that test. I only got the last frq
When I self studied I only got to Monoploy and didn’t even finish.
I am interested in taking the test next year, and was just wondering which you think I should self-study for first: Micro or Macro. Neither of the classes are offered at my school, so I would have to self-study. I’m going to be a sophomore next year with a relatively easy AP course load. Also, which prep book is best for self-studying?
@CS1211
So I self studied both this year and feel pretty confident about at least a 4, most likely a 5. I studied by going through princeton review and 5 steps to a 5, but literally none of the concepts made any sense, whatsoever. I could not tell you the most basic thing about economics after reading the books. However, I found these videos on Youtube on a channel called ACDCLeadership. After going through both of his videos for micro and macro, I was acing the practice tests. I bought his study guide as well which is by far the single most useful study material I have ever seen. It breaks down the whole course in quite literally 5 pages. After going through his videos, I just took 2 practice tests for both exams and reviewed. I then aced the actual exams. This course is a course that I feel needs to be taught much more visually, so reading from a book and interpreting what the graph and the description meant was hard. That’s why the videos were so helpful. He just finished the series this year, so it came just in time for me. You must go through these videos.
@CS1211 @thebossofbosses I also self studied. I used 5 steps to a 5, and found that they covered the material really well. If you hadddd to pick one exam, I would suggest Macro - the graphs are much more intuitive and simple to understand than micro counterparts, which involve complications due to different types of firms. That being said, if you dedicate a SOLID week to 5 steps to a 5 (and maybe the No Bull Review videos on youtube), you’ll have a 5 on macro without a doubt.
I had form o and said that the first one had a dominant strategy, second had no strategy and after $20 subsidy, profit increased, correct me if I’m wrong
Actually, it increased if the situation in the other part remained the same. However, the real-life scenario would be that the profit decreased, however I put down increased because of the comparison that we had to do. Idk what’s right though.
Exactly, it said to compare it with the previous number, which if compared it is obvious that the profit increased.