***The Official AP Economics Thread***

<p>So now that the exams are done (well, not really cuz I'm writing my AP Micro in an hour), how did you guys like the exam?</p>

<p>AP Macro: Fairly easy MCQ BUT I was soo sleep deprieved that I didn't remember anything. Ended up skipping around 17..urgg</p>

<p>FRQ: I don't think I have ever BSed that much ever in my life.
Hoping the curve is more generous this year...a 4 would make me soooo happy.</p>

<p>I'll get more updates after Micro!</p>

<p>Macro - MC was decent. FR was, too. I think I did enough to pass. I blanked out on a lot of the monetary and fiscal policy questions.</p>

<p>Micro - MC was pretty easy for me, even though it has been a couple of months since taking the class. FR wasn't as easy. eh</p>

<p>I think I passed both. I was also going off little sleep, and I really wanted to just leave after Macro. I hate economics. lol</p>

<p>I thought Macro was pretty hard, especially the FRQ. What the heck was question 2? That's the one thing I was like, nah they never ask about that. Wrong-o. LOL in all I think I did alright.</p>

<p>I thought Micro was easier. The FRQ was good for the most part and it seemed okay. Micro seemed to have more "definition" type questions that were pretty easy.</p>

<p>I just hope I got the 5s I need!</p>

<p>I though Macro was ridiculously easy, FRQ was like LOL easy, except I know I did make some mistakes.</p>

<p>MC I answered all but 5? I know I got some wrong but I think I did well enough for a 5, or at least a super strong 4 >_></p>

<p>Haha I didn't omit any...is that weird? I'm not an omitting kinda gal.</p>

<p>Macro was a lot easier than Micro, especially the Part 2.</p>

<p>Ehhh?</p>

<p>Micro FRQ seemed easy to me. Especially since I found the MC quite difficult -- but I'm self-studying. Unless I'm missing a trap here. The individual firm's output for that apple industry should be a straight line graph, yes, unless I misread something? (is output = demand? I basically self-studied for the few weeks before the exam -- I only have a regular economics class where the teacher teaches at an exceedingly slow pace). </p>

<p>I couldn't differentiate between societally-efficient output and profit-maximising output? How the hell do I account for social cost?</p>

<p>(And I stress again, I did not take an AP course for economics ... so pardon me if I committed some pretty elementary mistakes.)</p>

<p>That micro part 2 killed me, that 2nd question was so lame.</p>

<p>For socially efficient output does mc = demand?</p>

<p>It's okay, galoisen. Socially efficient output is where marginal social cost = marginal social benefit, or where MC=D. Profit maximizing output is where MR=MC. That one was kinda iffy, I just happened to have gone over it recently.</p>

<p>In perfect competition for the firm, P=MR=D is a horizontal line. For the industry, it's just a regular slanted demand and supply curves.</p>

<p>I thought the 2nd question on micro was the easiest one! LOL I'm so backwards of everyone else. It could be because I just finished taking micro and I had macro first.</p>

<p>Also, I love it how everyone acts like Econ is a blow-off easy AP. I don't think so at all.</p>

<p>FEWWW, I was going to put the socially efficiant output at D=AC which would make profit 0. The next question though said to label the area of profit of loss so the socially efficiant output couldn't have been at d=ac because the loss at that point is an area of 0.</p>

<p>I thought Macro was really hard, probably because I self-studied for 3 hours only...<em>sigh</em></p>

<p>Micro on the other hand, I studied a bit more and was alright...I hope I get a 5...at least on one of them</p>

<p>Is it plausible to get a five if you studied half the new topics in the week before the test? I think I'm going to get a majority of the MCQ and the FRQ right...</p>

<p>
[quote]
For the industry, it's just a regular slanted demand and supply curves.

[/quote]
</p>

<p>I almost didn't put a demand curve in because I thought it was just about the quantity supplied.</p>

<p>But it's funny, the only AP exam I don't have a class for seemed to be the one where the workload was lightest -- it was the only one where I actually finished the FRQ on time.</p>

<p>
[quote]
It's okay, galoisen. Socially efficient output is where marginal social cost = marginal social benefit, or where MC=D.

[/quote]
</p>

<p>Aha! </p>

<p>I suspected that too -- but then the area would be zero....?</p>

<p>It's sucky when you suspect an answer but your inconfidence makes you lose points. (I never did anything like this in class.) </p>

<p>It's ironic that I'm only going to learn after the exam, but in a perfectly competitive industry, MR would meet D and MC at the same place?</p>

<p>I thought Micro was pretty easy. I got stuck on some of the MC questions but the FRQs were a piece of cake.</p>

<p>I thought AP Macro free response was very easy while some of the multiple choice questions were a little tough. For some of them, I wasn't sure which approach to use, so I had two answers to choose from.</p>

<p>For Micro, multiple choice was okay. But for free response, I think I messed up on the part about the difference between short-run and long-run :/</p>

<p>Macro - joke, filled up all 60 MC questions (unsure abouit 3-4 only), and the written was 5 times as easy.</p>

<p>pretty comfortable with how I did on both, two fives hopefully. </p>

<p>Don't think I added enough detail of micro frq 2 although on micro frq one I did ridiculous stuff with the graphs (marked down all the changes in quantity, ATC, supply curves, price on both graphs)</p>

<p>I think I'm getting a five on macro despite learning everything in the last 3 days (score!)</p>

<p>I thought Micro was easier..again..I'm much better at Micro than Macro. FR wasn't bad...^^just found out I got the socially efficient (#3.) and (#1) right. Although I don't think I drew the correct price ceiling....</p>

<p>Whateva!! I finished all my 4 AP!!!</p>

<p>Remember, you shouldn't be discussing the content of the FRQ until 48 hours after the exam. unless you want your posting privileges suspended.</p>

<p>Galoisen: I put that the area of loss was the area between where MR=MC and where D=MC. You are talking about question 3 on Micro right?</p>