ACDC Leadership 2015
Unit 1: Basic
I WON THE LOTTERY!
Ill give you anything you want other than money.
What do you want?
Would your list ever end?
What is Economics?
Economics is the science
1. _/60 4. _/20
2. _/20 5. _/15
3. _/20 6. _/15
AP Macroeconomics Problem Set #4 and #5
Money, Banking and Monetary Policy
International Trade and FOREX
( _/60) Money, Banking and Financial Markets
Define and give specific examples
AP ECONOMICS PROBLEM SET 1.1 (2011-2012)
Instructions: Draw graphs by hand. Write brief answers for each. Draw clear, correctlylabeled graphs.
Format: You may do these on a computer and draw the graph
1. Yes, this was a rational decision because the $2 billion already spent on the
project is a sunk cost, which is a past cost that has already been incurred and
cannot be recovered. There is
CHAPTER 19: GDP: Measuring Total Production and Income
Business cycle: the alternating periods of economic expansion and recession that occur in the
United States and other industrial economies
Production and employment increase during expansions
Externalities, Environmental Policy, and Public
Externality: a benefit or cost that affects someone who is not directly involved in the
production or consumption of a good or service
o Pollution is an example of a negative externality bec
APEX 2.1 (2011-12) TOPIC LIST
You should expect to find exam questions on the following topics. Expect graph questions
for all market structure questions. Reviewing your class notes is essential for exam
preparation. You are expected to know all cos
AP ECONOMICS TOPIC LIST FOR APEX 2.2 (2011-2012)
Exam will be based on what we did in class. Be sure to study your class notes. This topic
list may be updated.
Octopus and Little Squid
Predatory pricing (P<AVC)
Cournot model (duopol
AP ECONOMICS EXAM 1.1 (2010-11) A Name_*
Provide brief, concise and complete answers, using the relevant economic terms. Skip
lines between questions. Use both sides of the paper. Write legible and draw clearly
labeled and legible graphs. Explain your ans