A dictionary, be it print or A flashcard site such as Are you considering taking the upcoming AP® Microeconomics Exam, but don’t quite have a complete mastery of domestic supply and demand corollaries in the world marketplace? Can you easily explain the relationship between inelastic demand and total revenue? If not, don’t worry, we have developed a 30-day study plan that will help you better understand these concepts and more. And, hey, even if you can answer these questions with confidence, you might as well give this a shot too. You can never study too hard for the AP® Microeconomics exam.
This AP® study guide is designed to give you everything you need to review, learn, and maintain for the AP® Microeconomics Exam. If you stick to the daily regiment we have laid out for you here, we will sharpen your microeconomics skills like never before and get you that much closer to that 5 on the AP® exam.
Key Things to Remember While Using this AP® Study Guide
- From The College Board: “AP® Microeconomics is an introductory college-level course that focuses on the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.”
- The exam itself consists of 60 multiple choice questions, for which you have 70 minutes to complete. This will make up 66 percent of your exam score. There will also a single long response question and two shorter response questions that will make up the Free Response section of the exam. These three questions must be completed within 60 minutes and account for 33 percent of your overall score.
- Remember, this is just a guide! Not every study plan can be a perfect fit for every student out there. If you find yourself getting stuck on certain recommendation or certain activities just aren’t clicking, feel free to move things around. Make this plan work for you! We want you to succeed and get that 5 too.
- Also make this plan fun—if it’s possible to make Microeconomics fun. Try not to get too stressed out when studying for the exam. This will be a heavy-loaded 30-day study plan and routine, but stress never helped anyone ace a test. Keep on top of your work, but also try to make this AP® study guide as enjoyable as possible.
- On that note, stay healthy! Eating well and getting plenty of rest are absolutely essential to successfully keeping the mind in shape. If you ever feel yourself getting tired following this study plan, get up and do a couple of quick stretches, or go for a short walk. Your brain will appreciate the extra blood flow.
What You Will Need
- Access to Albert.io’s AP® Microeconomics homepage. You’re really going to get to know the practice questions that Albert.io has provided. We have found that the absolute best way to study for the AP® exams is to practice, practice, and practice.
- A flashcard site such as Quizlet. Or you just use regular notecards. Whichever version you like better. You can also access this site on your phone, so you can carry your notecards with you at any time.
- Note taking materials. These can be done on your computer, tablet, etc. or you can use a physical notepad and pen. You will be taking notes daily, so make sure you are comfortable with whichever you choose.
- The College Board homepage for AP® Microeconomics. Make sure you thoroughly read the AP® Microeconomics information provided by the College Board’s website. Just like any other exam, it is necessary to understand the expectations of the people testing you. Read these materials and memorize them if you can.
- Access to economist Paul Solmon’s Microeconomics videos provided by McGraw-Hill Education. These videos are going to help you better understand the ideas and concepts that we will be covering for the next several weeks.
- Your own AP® US Microeconomics Textbook or an online source of equal quality. Sometimes it helps to review this information from another source if you’re hitting a wall with how Albert.io or College Board describes it. Having a backup will help make sure you can find another approach to learning.
Optional (but helpful) Stuff:
- Any AP-style workbooks or study guides your teacher provides, or any supplemental material you find helps your study of the main materials. It never hurts to pad your options for learning and practicing the material!
- Albert.io has some excellent recommendations on the best review books out there and other great recommendations. Take a look at everything the site has to offer and make your own decisions on what will work best for you.
- A dictionary, be it print or online. Not all microeconomics terms are self-explanatory.
- A basic calculator might also be useful for small equations. You can find a free on online here.
How to Use the Study Plan
- We have designed this AP® study guide to revolve around the specific expectation laid out by the College Board for the topic of microeconomics. The College Board has laid out four key themes that you will need to understand before taking the exam: 1) Basic Economic Concepts 2) The Nature and Functions of Product Markets 3) Factor Markets 4) Market Failure and the Role of Government.
- You should be spending a minimum of one to two hours studying each day. All AP® exams are known for being difficult. You will need to dedicate a serious chunk of time if you want that 5.
- But we can’t have you overload, either. It is important that you stay happy and healthy. Never overexert yourself. Keep on top of your sleep, healthy eating, and physical fitness. This will ensure that the information you are learning will be retained.
- We have also worked in a study break every once in a while. This will help to ensure that your brain doesn’t get too cluttered when sorting out all of this information in such a short period of time.
Day 1
- Right off the bat, we need to check out the AP® Microeconomics course Overview that’s on the College Board’s website. Read this thoroughly and get to know what is expected of you. A key to successful exam-taking is to fully understand the test-giver’s expectations.
- Read through pages 1 through 6 of the College Board’s AP® Microeconomics Course and Exam Description, paying particular attention to the ways that the College Board has set up the AP® course and exam process.
- Familiarize yourself with Albert.io’s AP® Study Guide pages, getting a feel for how our website works and where all of the information is located.
- It is going to be absolutely important that you take notes on the information you are gathering right now and in the future weeks. Your notepad should become your best friend and really should never leave your side as you study with us. You’re going to want to jot down key concepts that you think might help you in the future. Probably more importantly, however, you are going to want to write down where you are struggling. Where are your weaknesses? Where can you get better? These are the things you are going to want to focus on throughout this 30 day study guide.
Now, let’s get into the routine of this study plan:
- For each and every day you are reading material or watching a video, you will want to make somewhere between 10 and 20 flashcards (either with note cards, a folded piece of paper, or online on a site such as Quizlet). Choose a term of importance, writing it down on one side of the card, while putting the definition and a helpful hint down on the other side.
For Example:
(Side A) Elasticity
(Side B) is the measurement of how responsive an economic variable is to a change in another.
Helpful Hint: Here are some questions that relate to the term elasticity,
-
- “If I lower the price of a product, how much more will sell?”
- “If I raise the price of one good, how will that affect sales of this other good?”
- “If the market price of a product goes down, how much will that affect the amount that firms will be willing to supply to the market?”
- Sometimes it helps to leave some room in the significance section, so you can add more info as you learn.
- Now you are ready to tackle some outside reading for the course. Take a look at this summary and explanation of Adam Smith’s The Wealth of Nations. (Note: If you have the time or are currently prepping for this 30-day study plan, we do recommend reading the original text, but it is a long and sometimes tough read, so we are not requiring it for this study guide)
- In your notepad, answer these questions without looking at the reading: What are Smith’s main arguments and claims? How do you think that these relate to our current economic affairs? How did Smith see the relationship between politics and the economy?
- Make sure that you hold onto this reflection on Smith because we will be taking a look at it again later.
- OK, now get some rest and we will begin again tomorrow!
Day 2
- Since we are already familiar with the basics, we are going to dive right into the material. The more and more we go through the material, you should start getting used to the schedule we have set up for you. It is essential that you stay on top of this study plan and if you start having trouble finding the desire to continue, get a friend in on the action. You can both keep each other in line and keep the study plan going.
- Now let’s take a look at pages 6 through 11 of the College Board’s AP® Microeconomics Course and Exam Description,
- Now’s the time to take on some example questions from Albert.io. We’ll start of slow, so you can get a feel for how these are set up. We just want you to select 20 questions from any category, at random. Don’t worry about topic and don’t sweat it if you don’t know the answers. We just want you to get a feel for how they are phrased and the kinds of questions that you will be expected to answer.
- One of the most important things to remember is that Albert.io will provide you with helpful tips and places where you can do better. Take note of your weak spots and write them down in your notebook. These are the places you will have to spend more time on as you progress forward in the days ahead.
Day 3
- Keep on top of your flashcard terms and your note taking.
- Make sure that you have these concepts, in particular:
- Microeconomics
- Macroeconomics
- Production
- Resource Categories
- Command Economy
- Market Systems
- Complete all of the questions from the first chuck of questions from the Supply and Demand section provided by Albert.io (23 questions). If you can, try not to look at any notes and treat this as if you were taking the real test itself. But since this is the first time we are rally jumping into the example testing material, it’s quite alright to take a look at some notes if you need to.
- Don’t worry if you did poorly on the example questions, this is only Day 3! We can’t expect you to be pros yet. If you’re already doing really well, great job! But you can always improve, stay on top of this 30 day routine no matter what level you are at.
- You’re doing great!
Day 4
- Keep on top of your flashcard terms and your note taking.
- Complete all of the questions from the second and third sections of the Supply and Demand theme (this should be 29 questions, in total). Again, notes are all right, but don’t rely on them.
- Ok, you need a little break. Take a long walk, preferably an hour. On the walk go over everything you covered this week. Let the ideas flow. Try to remember what you can in your own words. Also, bring your notebook and a pen, so if you get stuck on an idea or can’t remember the definition of a term, write it down. You can revisit these tomorrow.
Day 5
- Are you getting tired of Microeconomics yet? Don’t worry; it’s normal if you’re starting to lose a little bit of interest. But don’t slow down now! Here’s a study tip: Set a specific time of day to get this work done. For example, set a timer for 3 pm and keep working until 5 pm. Make sure you keep this time open and don’t get dragged into other plans until you’ve completed the lessons.
- It’s time to work on your flashcard terms. Make sure that you have these terms filled out:
- Enterprise
- Self-Interest
- Specialization
- Invisible Hand
- Command System
- Law of Demand
- Market Equilibrium
- If you can wrangle somebody like a family member or a friend. Have them quiz you on all of the flashcard terms that you have come up with thus far. Most importantly, don’t just define the concepts; provide examples of how they work in our world today. Ask them if your explanations were clear. Also have them ask you questions of their own. This will help you understand the concepts in your own way.
- Get a good night’s sleep; we begin again tomorrow.
Day 6
- Read through pages 11-22 of the College Board’s AP® Microeconomics Course and Exam Description. Make sure that you’re taking notes on what you need to study further in your notepad.
- Keep on top of your flashcard terms and your note taking. Making sure that you are making note of where you are struggling, so you can come back to it later.
- Let’s go ahead and finish up the Supply and Demand Complete the remaining questions that you have not finished yet for this section. Now that we are finishing up this course theme, you shouldn’t really be relying on notes anymore. You should start treating these practice tests more like the real deal.
- Before we end this week, you are going to want to recreate an outline that covers the main themes and concepts of that everything that we have covered up until this point. Make sure that you are connecting your ideas together, showing that you have a solid understanding of the different types of economic systems out there and how they have changed over time.
Day 7
- Take it easy, catch up on your rest and we’ll begin again tomorrow.
Start your AP® Microeconomics Prep Today
Day 8
- Go ahead and begin this study week with reading through the outline you wrote on Day 6. This will help refresh our memory on what has been covered and get you ready for what’s ahead.
- Review all of your flashcards up to this point. Give yourself a little test by randomly selecting 30 cards and see if you can get all of the definitions correct.
- Complete the first set of examples questions from the Basic Economic Concepts from Albert.io (there should be seven questions in total). Review your notes and textbook on any areas you got wrong, and try to figure out why you answered the question wrong. Are you missing an important piece of knowledge about the course material, or did you just get tripped up on the wording of the question? This will be an important practice to get into the habit of doing every time you do the example questions. It will help you strengthen your test-taking skills if you keep up with this study program.
Day 9
- Make sure that you are creating notecards every day. You should have these terms down (Note: these are just terms that you absolutely must know, but don’t limit yourself to just what we recommend. You need to keep adding a minimum of ten terms or ideas a day to your notes and flashcards):
- The Demand Curve
- The Supply Curve
- Elasticity
- Market Failure
- Consumer Surplus
- Producer Surplus
- Deadweight Losses
- Now, you are going to want to try the following two sections from the selection of Basic Economic Concepts examples questions (22 in all). Make sure you pay attention to the notes and recommendations provided by Albert.io. These will help you understand how to approach these questions. Try to keep these rubrics in mind as you move forward.
Day 10
- Today, we are going to finish off the remaining example questions from the Basic Economic Concepts theme of the course. Now will be an excellent time to start timing yourself. If you do not have a timer or stopwatch app on your phone/computer, you can access one here: online-stopwach.com. Try to treat this like a real exam, paying close attention to the time you have used up and how much time you have remaining.
- After watching the videos and taking the practice example questions, do a thorough review of all of your notecards. Make sure that you quiz yourself on every definition and concept you have covered up until this point. It’s ok if you don’t have them all memorized, but you should be getting familiar with the types of concepts and ideas that are being covered in the course.
- Finally, we are going to end with a little study break, combined with a physical activity that should jog your memory as well. Take a long walk, hopefully for at least an hour—if you have the time. On the walk go over everything up to this point. This does not have to be too structured. Try to remember what you can in your own words.
- Also, bring your notebook and a pen, so if you get stuck on an idea or can’t remember the definition of a term, write it down.
- When you get back from your walk, look up any ideas or concepts that you don’t have a complete grasp on.
Day 11
- Before we begin with anything too detailed, you should begin today’s session by cornering a friend or family member (but be nice about it). Explain to them everything you have studied and learned up to this point in our study plan. Use your own words. Encourage them to ask questions about microeconomics and try to answer them off the top of your head. If you are getting stuck on an idea, it’s ok to go ahead and look it up at this point.
- Keep on top of your flashcard terms and your note taking. Keep in mind that you need to be adding concepts from the readings and the videos we are watching. You should have these in your growing list by now, as well:
- Public Goods
- Externalities
- Law of Diminishing Marginal Utility
- Consumer Choice
- Prospect theory
- Short-Run Production
- Long-Run Production
- It’s time to start a new set of example questions. We are going to want to answer the first two sections of the Firm Behavior and Market Structure section from Albert.io (28 questions). Take notes on which questions you are struggling with and make sure to review these topics from the videos and other readings we have been going over.
Day 12
- Take a thorough look at pages 22-25 of the College Board’s AP® Microeconomics Course and Exam Description. In your notebook, write a two to four sentence description of what you have read thus far in these readings provided by the College Board. Do you fully understand the concepts that have been outlined yet? If not, keep working on this exercise every couple of days. You should be able to accomplish this for every central theme of the course by the end of this one month study guide.
- Now would be a good time to go over the example questions that you have taken thus far. Make sure that you have completed all of those that we have asked you to. You may want to retake and review any questions that you may have gotten wrong just to make sure that you’ve got the concepts down.
- You may want to go through one more review of your notes and notecard, because we are going to end today with a Free Response Question from a previous year’s exam. Select the exam from the year 2001. Since this is the first real practice with the FRQs, try and relax with this example. Just get a feel for the types of questions they will be asking and the format in which it will be written.
Day 13
- Select 30 flashcards at random and quiz yourself. Better yet, if you’ve got a friend or family member around, have them quiz you.
- Today, you’re also going to be finishing off the rest of the questions from the Firm Behavior and Market Structure section on the Albert.io website. This is a fairly large chunk of questions, so make sure that you are top of your timing as you work on these. Time-management is key to a successful AP® exam.
- Choose the FRQs from the year 2002 and answer it to your best ability. It may be a good idea to begin repeating the Free Response answers out loud to yourself. Sometimes, what looks good on paper comes out awkward when read out loud. Do this and check for any odd statements or awkward claims.
- The last thing you should do today is revisit the Adam Smith reading that we looked at on Day 1. Take a quick skim over the reading itself and reflect on these questions once more (do not look at your previous responses yet): What are Smith’s main arguments and claims? How do you think that these relate to our current economic affairs? How did Smith see the relationship between politics and the economy?
- Now look back on your previous responses. How have your answers differed? You should be getting a better understanding of what Smith wrote and the way it continues to relate to our current economic situations. It may help to explain these key concepts to a friend or family member to make sure that your thoughts make sense to those around you.
Day 14
- Get a good night’s sleep; we begin a new day of this study guide tomorrow.
Start your AP® Microeconomics Prep Today

Day 15
- Before we get into a full blown start today, you should go through the notes you’ve put in your notebook. Pinpoint where you are struggling the most and focus on them for a minimum of thirty minutes. Today, we are going to go through a number of FRQs, so make sure you’re reviewing as you read through your notes.
- Today, you are going to work on the FRQs from the 2003, 2004, and 2005 exams. Make sure that you stick to the time frame that is allowed for the FRQ section of the exam. No notes. Take this like the exam itself. Give yourself a five-minute breather in between each question. After you’ve completed these, look through the notes provided by the College Board site and see how you compared.
- Go ahead and take a look at the Factor Markets section of the example questions. Answer the first half of these questions (There should be 26 of them). If you have not completed any other questions, now is the time to do so. Make sure you finish these, keeping notes on where you are struggling and where you are succeeding.
- Since, you are right around the halfway mark, now is a good time to go over everything we have covered up to this point. Go over the notes that you’ve taken and make sure you are grasping everything. In particular, review the notes that Albert.io has provided from your test scores. Find your weakest points and work on making them stronger.
Day 16
- Before we begin, you should go for a walk and try to think on everything we have covered to this point. Try to outline all of the material in your head as your walking. And if you are getting stuck on an idea, go ahead and make a note for when you return. Review anything you feel you are missing when you return.
- Keep on top of your flashcard terms and your note taking. It may be a good time to review those that you have made up to this point as well. Here are some key terms:
- Allocative Efficiency
- Monopoly
- Economics of Scale
- Output and Price Determination
- Oligopoly
- Cartels
- Today, we are going to complete the remaining questions from the Factor Markets
- Select and work on the FRQs from 2006. You are going to want to have someone else take a look at what you’ve written. Begin with a friend or family member and ask them to take a look at your response. Ask them to proofread and to give recommendations on how you could improve. Take their comments to heart, since you are writing for more than yourself. It’s always a good idea to have others read your work.
Day 17
- It would be totally natural if you’re starting to get a little burned out now. But don’t despair! We are over halfway done and mostly done with the material itself. Stay focused. Another great tip on how to keep your studies at their best is to make sure that you are doing this work in a quiet spot with little or no distractions. Stay away from the T.V. and loud public places. Stay focused. Trust us, it will all pay off.
- Review your flashcards once more. Here are some thoughts:
- Level of Wages
- The Three Union Models
- Bilateral Monopoly
- Wage Differentials
- Human Capital
- We are going to go ahead and complete every question that is in the Market Failure and Government part of the example questions. This is going to be another long set of questions, so pay special attention to your time and make sure you look over the notes and recommendations that are provided to you.
- Review all of the FRQs that you have covered thus far. Try to grade them as if you were the actual examiners for the College Board. What do you think they are looking for? Also, as you are grading, are you struggling with a particular type of problem? If so, review your textbook, the informational videos, and the information provided by this guide.
Day 18
- Read through pages 11-22 of the College Board’s AP® Microeconomics Course and Exam Description. Outline everything that these pages cover and relate them to current events and markets in today’s world.
- Now, you are going to want to work on the first half of the Consumer Choice questions that Albert.io has created for you.
- Choose the FRQ from the years 2007 and 2008. Answer them to your best ability. Now you should have your teachers reading through your responses. Ask them for specific feedback. Are the ideas clear? Do you have any errors in grammar, spelling, etc.? How can you improve?
Day 19
- Glance over your notebook, dedicating at least twenty minutes to the areas that you are having the most trouble.
- Flashcard terms:
- Economic Rent
- The Single-Tax
- Interest
- Income Shares
- Resource Supplies
- Boom and Bust
- Go for another long walk (or whatever healthy activity that helps you relax) and afterwards sit a friend or family member down and tell them everything you’ve learned this week. Encourage them to ask questions. The more the better. The more you are able to explain these concepts with your own thoughts and without notes, the better grasp you’ll have. And then have them tell you ways that you might improve your ideas and arguments.
- Select, at random, thirty example questions provided by Albert.io. You will have already completed these questions, but you should do so one more time. If you find yourself stumbling on any of these, make sure you review your notes and textbook in order to help you understand what you are doing wrong.
Day 20
- Instead of reading selections from the Board’s AP® Microeconomics Course and Exam Description today, you are going to complete the example questions that they have provided you towards the end of the PDF. Give yourself twenty minutes to complete the multiple choice questions and twenty minutes to complete the FRQs. Once completed, look over the answers and take notes on where you can improve.
- Don’t slack on your flashcards and note taking now. You’ve come so far!
- Complete the final two sections from the Consumer Choice example questions. After you have done this, read over your notes on the example questions that you’ve gotten wrong up to this point. Retake those questions that you feel the least comfortable with or that you seemed to not quite understand. Keep taking notes on where and how to improve.
- Work on the FRQ from the year 2009. Make sure you are keeping on track with the timing on these questions.
Day 21
- The end of another week!
- Get a good night’s sleep; we begin a new Big Idea tomorrow.
Start your AP® Microeconomics Prep Today
Day 22
- Now is an excellent time to finish the first two sections of the Production and Costs chunk of questions (13 questions in all).
- Work on the FRQs from the years 2010 and 2011. Hopefully your friends and family will be tired of hearing about your FRQs at this point—keep looking to them for feedback.
- Make sure that you’ve taken notes on these concepts:
- Resource Consumption
- Energy Economics
- Natural Resource Economics
- Nonrenewable Resources
- Renewable Resources
- After you’ve got these down, review all of your flashcards up to this point. Give yourself a little test by randomly selecting 30 cards and see if you can get all of the definitions correct.
Day 23
- Review your flashcards and notes. Here are some terms:
- Government Finance
- Federal Finance
- Tax Incidence
- Efficiency Loss
- Public Choice Theory
- Complete all of the remaining questions from the Production and Costs section along with any remaining questions that you may not have finished up to this point. It is absolutely important that you’ve pinpointed your weakest spots at this point. Anything that remains unclear should be reviewed once more.
- Finally, for today, you should take one last look at the Adam Smith reading that we looked at on Day 1. Look it over a final time and answer these questions again (again, do not look at your previous responses yet): What are Smith’s main arguments and claims? How do you think that these relate to our current economic affairs? How did Smith see the relationship between politics and the economy?
- Now look back on your previous responses. You should have noticed a fairly significant change in the ways you are responding to these types of questions now that you have the vocabulary and themes to back your thoughts up.
Day 24
- Today, you are going to finish reading the rest of the College Board’s AP® Microeconomics Course and Exam Description. Take notes on what you think is most important.
- After completing this reading, take out your notepad and do this writing exercise: Imagine that you are teaching the course AP® Microeconomics to a classroom of high school students. How would you organize the course? What would you highlight as important concepts to teach? Now create a rough outline of how you would teach the course. Does this differ from the ways that your textbooks or other sources deal with the material?
- Get to work on the FRQs from the years 2012 and 2013. After you have finished with these, write and explanation of how you came to the answers. How would you explain the answer itself to the person grading the exam? Or, maybe, how would you teach the answer to someone just starting to study Microeconomics?
Day 25
- Let’s start today with doing a couple of FRQs from previous exam years. We are going to finish these off with the years 2014 and 2015. Make sure that you are reading the recommendations on how to answer these questions after you’ve completed them. These notes will help you better understand the College Board’s expectations.
- Now that you have completed the FRQs from the previous decade or so, have you noticed any patterns? Take some notes on what kinds of questions you think they could ask this year. You should be fairly familiar with the format and structure. What would you ask?
- Keep on top of your flashcard terms and your note taking. Here are some concepts you should be adding to your growing collection at this point:
- Sunk Costs
- Average Revenue
- Total Revenue
- Profit Maximization
- Firms vs. Industries
- Make sure that you are all caught up on your FRQs and example questions. Now is the time to complete everything you have missed. Also, make sure that you are caught up on all of your reading, online videos, and flashcards.
Day 26
- Before we begin with any new material, read through all of your notes. What have you been struggling with the most? Pinpoint your weakest spots and go over them once more. If you are having trouble with a specific concept, try to explain it to a friend. Have them ask questions until you’ve got the solutions.
- Review your flashcards once again. If you can, have a friend quiz you on as many as you can handle at this point. Make sure that you have these in the pile:
- Gini Ratio
- Income Mobility
- Income Inequality
- Public Assistance Programs
- Antitrust Policy and Law
- The Herfindahl Index
- Now is the time to retake all of the example questions that you may have gotten wrong over the last several weeks. Keep taking them until you get the right answer, reading through Albert.io’s recommendations after each attempt. Do this again with each of the FRQs.
Day 27
- Read over your notes on the FRQs. You should create the top three that you feel the least comfortable with. This second time around should be much easier. If you can, keep having as many other people as possible read your answers.
- Don’t slack now, keep up with your note taking. Like the other suggestions, we have provided you with, make sure that you have these in your notes:
- Economics of Agriculture
- Risk Management
- Farm Subsidies
- Parity Ratio
- Freedom to Farm Act
- Make sure that you have completed any remaining FRQs or practice questions from Albert.io that you may have missed. It is essential that you take as many examples questions as possible. After you have done this, select another 30 example questions at random. You may be answering some of these questions more than once, but that’s good, you should know the answers by heart at this point!
- Before we take a break tomorrow, you are going to want to write a complete outline of everything that the Microeconomics course has covered. Go into as much detail as possible. Are there some ideas that you are unsure about? If so, go back through your notes and the videos in order to Bette understand what you’ve missed.
Day 28
- This is our last rest day, so use it wisely. Make sure you get your rest today.
- You may be getting tired by this point, but don’t worry; there are only two days left of this 30-day study plan.
- Keep up the good work and see you tomorrow!
Start your AP® Microeconomics Prep Today
Day 29
- Today is going to be your final day of review. You should be feeling very confident about your future exam. Now’s the time to work out the final kinks and get you read for the exam itself.
- First off, take a look over all of your notes, including all of the outlines you have created, the info you have on Smith’s work, and all of the responses to the questions that have been posed over the last several weeks. Read your notes thoroughly and double-check your familiarity with all of the concepts and ideas.
- Next, you are going to want to review all of your flashcards and notes. Polish up those final weak spots you see and be proud that you’re getting better at the terms. It may seem repetitive to do this now, but one last time can’t hurt, right?
- Review all of your example question scores from the AP® Microeconomics site by Albert.io. If you still have some questions that were answered incorrectly, go back and retake these until you have reached 100 percent correct. Take a look at Albert.io’s notes and recommendation for how to improve and better understand the concepts you might be missing.
- Review all of the FRQ you have answered. Ask yourself: Which ones were the strongest? Weakest? Can you see yourself getting progressively better? Take notes in your notebook on where you need to do better. Be as specific as possible.
Day 30
- You did it! You made it to the last day: congratulations.
- Today is a day that you mentally prepare for your exams. Try not to focus on the exam itself. Instead, make sure you have everything for tomorrow. Double-check that you know the place and time. Are you going to bring water and a snack? Have all of that ready.
- Again, you may want to go for a long walk to clear your head, or just take it easy throughout the day. Either way, you are going to want to concentrate on your health. Eat well, get enough sleep, and make sure everything else is in order. You’ve got a big day ahead of you.
- You’ve worked really hard to get to this point, so congratulations on staying on top of this 30-day study plan—you’ll do great!
- If you have kept up with this daily study guide, you will have:
- Notes, key terms, and flashcards on every section of the course.
- A deep and thorough understanding of how the models and ideas of microeconomics work both in theory and the world we live in today.
- Observed dozens of visual examples of economic processes work through expansive informational videos and hypothetical scenarios raised by the texts.
- Completed a broad range of example Free Response Questions and practiced with over a thousand multiple choice questions!
For however much time you still have after completing this AP® study, make sure to periodically review your notes, key terms, flashcards, and timeline. In particular, you are going to want to go over all of the material provided by Albert.io. If there are any themes or questions that you cannot check off confidently, make sure that you review the notes and flashcards you have taken for that particular section of the course.
You’ll also want to make sure to keep healthy and confident. If you enjoyed the study break, keeps going on your walks, openly thinking about what you have learned from this study plan. On the night before the exam itself, eat a healthy dinner and get plenty of sleep. On the day of the exam make sure you have a good breakfast and that you bring snacks for the test itself.
Finally, maintain that feeling of confidence. The fact that you completed this comprehensive 30-day study guide shows your dedication and drive. Keep up with the hard work and good luck!
Let us know what has worked for you. What did you like best about this one month study guide? Do you have recommendations of your own on how to study for the AP® Comparative Government exam?
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