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All About IB English A - An in-depth breakdown of concepts that are incredibly important but are rarely ever discussed

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Ãâ°£ÀÏ : 2021-09-15

ISBN : 9791197045325 / K442734404

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All About IB English A - An in-depth breakdown of concepts that are incredibly important but are rarely ever discussed



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*AP Microeconomics*



Unit I: Introduction to Economic Science


Topic 1: Scarcity and Opportunity Costs

Topic 2: Different Types of Economic Resources

Topic 3: Positive and Normative Statements

Topic 4: Fundamental Questions in Economics

Topic 5: Production Possibilities Curves

Topic 6: Comparative Advantage and the Benefits of Trade

Topic 7: Consumers¡¯ Utility Maximization

Practice Questions for Unit 1

Answer Explanations



Unit II: Consumers and Producers

Topic 8: Demand and Supply Curves

Topic 9: The Significance of Market Equilibrium

Topic 10: Factors Shifting the Demand and Supply Curves

Topic 11: Government Intervention in the Market Result

Topic 12: Government Intervention in International Trade

Topic 13: Different Degrees of Elasticities

Topic 14: Different Types of Elasticities

Topic 15: The Effect of Elasticities in Tax Incidence

Practice Questions for Unit 2

Answer Explanations



Unit III: Market Structures

Topic 16: Basic Terms for the Production Processes

Topic 17: The Production Function

Topic 18: The Cost Functions

Topic 19: Rules for Profit Maximization

Topic 20: Perfect Competition and Its Long-Run Equilibrium

Topic 21: Assessment of the Market Result

Topic 22: Exit Conditions

Topic 23: Monopoly and Its Causes

Topic 24: Perfect Price Discrimination

Topic 25: Monopolistic Competition and Its Long-Run Equilibrium

Topic 26: Oligopoly and Its Interdependency

Topic 27: Introduction to Game Theory

Practice Questions for Unit 3

Answer Explanations



Unit IV: Factor Markets

Topic 28: The Relationship between the Goods Market and the Factor Market

Topic 29: Labor Market¡¯s Demand and Supply

Topic 30: Perfectly Competitive Labor Market

Topic 31: Monopsony in Labor Market

Topic 32: The Cost-Minimization Rule

Practice Questions for Unit 4

Answer Explanations



Unit V: Market Failure

Topic 33: Market Failure and the Justification of Government Intervention

Topic 34: Positive and Negative Externalities

Topic 35: Insufficient Provision of Public Goods

Topic 36: Measures of Income Inequality

Topic 37: Different Kinds of Taxes to Tackle Inequality

Practice Questions for Unit 5

Answer Explanations



Unit VI: Review Questions

AP Microeconomics Mock Exam

Answer Explanations

Sample Exam Questions from College Board

Answer Explanations

FRQs from the 2021 Exam

Answer Explanations



*AP Macroeconomics*



Unit VII: Economic Indicators


Topic 38: Three Ways to Calculate GDP

Topic 39: The Circular Flow Diagram

Topic 40: Nominal and Real GDPs

Topic 41: Limitations of GDP

Topic 42: Measures to Calculate the Inflation Rate

Topic 43: Negative Impacts of Inflation

Topic 44: Formula for the Unemployment Rate

Topic 45: Causes of Unemployment

Practice Questions for Unit 7

Answer Explanations



Unit VIII: Booms and Recessions

Topic 46: Ups and Downs in the Growth Trend

Topic 47: Aggregate Demand and Its Composition

Topic 48: Different Types of Multipliers

Topic 49: Short-Run and Long-Run Aggregate Supply Curves

Topic 50: Changing Equilibria between the Two Curves

Topic 51: Long-Run Convergence of Current and Potential Output Levels

Topic 52: Fiscal Policies and Automatic Stabilizers

Practice Questions for Unit 8

Answer Explanations



Unit IX: Financial Market

Topic 53: Assets and Money

Topic 54: Three Functions of Money

Topic 55: Different Standards of Calculating Money Supply

Topic 56: Monetary Expansion Process and the Money Multiplier

Topic 57: Demand and Supply in the Money Market

Topic 58: Central Bank¡¯s Monetary Policies

Topic 59: The Loanable Funds Market between Private Agents

Practice Questions for Unit 9

Answer Explanations



Unit X: Side Effects of Economic Policies

Topic 60: Short-Run and Long-Run Phillips Curves

Topic 61: The Equation of Exchange and Inflation

Topic 62: Deficit Spending during Economic Recessions

Topic 63: Crowding Out Effect in the Loanable Funds Market

Topic 64: Definitions of Economic Growth

Topic 65: Supply-Side Policies for Economic Growth

Practice Questions for Unit 10

Answer Explanations



Unit XI: Trade and Exchange Rates

Topic 66: Components of the Balance of Payments

Topic 67: The Foreign Exchange Market

Topic 68: Factors Affecting the Foreign Exchange Market

Topic 69: Trade and the Exchange Rate

Topic 70: Real Interest Rates and the Free Flow of Capital

Practice Questions for Unit 11

Answer Explanations



Unit XII: Review Questions

AP Macroeconomics Mock Exam

Answer Explanations

Sample Exam Questions from College Board

Answer Explanations

FRQs from the 2021 Exam

Answer Explanations

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