The branch of economics that deals with the economy has a whole, rather than the single aspects, is often referred to as macroeconomics. Since this is one of the most popular branches of the subject, there are plenty of students who wish to study the same, each year. In the United States of America, the College Board offers Advanced Placement Macroeconomics, for students who are interested in the same. |
For any student who wishes to know more about the performance of an economy, how it is structured, how it behaves under certain social or political conditions, this is the branch to get into. The 5 Steps to a 5 AP Macroeconomics 2014-2015 would prove to be a great book for anyone preparing for the Advanced Placement Macroeconomics exam. There are several tips, tricks and strategies in the book, which will certainly help students ace the test.
The AP Macroeconomics 2014 – 2015 eBookstarts off with talking about what macroeconomics is and what kind of an aptitude will revel in the subject. The very first step in this book is the establishment of a proper schedule, which will allow students to better utilise their time and develop a technique that will enable them to ace the exam. However, before starting the actual preparation, it is important to know how much one actually knows about the subject. The diagnostic test tells students just that and also lets them know how much more they will have to study.
The book has covered all the important concepts and terms, including the fundamentals such as scarce resources, production possibilities and functions of the economic systems. There are sections on demand, supply, market equilibrium and welfare analysis. Students will also find chapters, that will enable them to better understand concepts of the circular flow model, the multiplier effect and welfare analysis. The book also offers in-depth analysis on important concepts like inflation, unemployment, consumption and investment.
There are detailed sections on crucial concepts like fiscal policy, financial assets, monetary policy, foreign exchange rates and trade barriers. After having completed all these sections, students can try their hand at the two sample test papers that have also been provided in the book. As these tests are set in the exact same format as the actual AP exam, aspirants will get a chance to get a feel of how things might be in the real exam hall. After completing these tests, students can even go back to the sections, in which they might feel that they need more revision.
The book has been written by Eric Dodge, a long associated writer with the McGraw-Hill publications. He is quite well versed with the intricacies of economics and has written several other books on the subject. As this eBook can be downloaded onto laptops, smartphones, Kindle and Blur Fire Readers, students will be able to carry the 256 page book around with ease.
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