Law of Diminishing Returns: AP® Economics Review

Law of Diminishing Returns: AP® Economics Review

As you study for the AP® Microeconomics or AP® Macroeconomics exams, you’ll need to know the law of diminishing returns! In this post, you’ll learn what the law of diminishing is, why it is important, and you’ll get to work through a couple of practice questions – all of which is vital for your AP® Economics Review!

How to Approach AP® Microeconomics Multiple-Choice Questions

How to Approach AP® Microeconomics Multiple-Choice Questions

The AP® Microeconomics exam is different from most in that most students don’t take the class for it before taking the exam. Your AP® Macroeconomics teacher probably offered you supplementary extracurricular lessons about the basics of microeconomics to give you an edge on the exam itself. This unconventional way of teaching microeconomics makes it a very difficult test to prepare for. As a result, it isn’t taken as often as the macroeconomics exam.

Absolute vs. Comparative Advantage: AP® Economics

Absolute vs. Comparative Advantage: AP® Economics Review

If you’ve started studying for the AP® Microeconomics or AP® Macroeconomics exam, then you’ll need to know the essential concepts. One of the most important distinctions you’ll come across in your studies is absolute vs. comparative advantage. So what’s the difference between these two concepts? And why are they so important?

Externalities - AP® Microeconomics Crash Course Review

Externalities: AP® Microeconomics Crash Course Review

Are you studying for your AP® Microeconomics Exam and need to understand better what externalities are? Well, look no further! In this crash course review, you will learn all you need to know about externalities for the exam.

Monopoly - AP® Microeconomics Crash Course Review

Monopoly: AP® Microeconomics Crash Course Review

Are you preparing for your AP® Microeconomics exam and need to reinforce your understanding of the different market structures? In this AP® Microeconomics monopoly crash course review, you will learn about the monopoly market structure with examples, and practice the graph to better understand the industry.

The Ultimate List of AP® Microeconomics Tips

The Ultimate List of AP® Microeconomics Tips

Knowing what to focus on is often the hardest part of preparing for an AP® exam, and AP® Micro is no exception. You must have a full and deep understanding of important economic concepts, but you must also know how to take the exam and what to expect on exam day.