• The AP Economics Development Committee (.ppt/79K)
• Top 10 Most Common Errors AP Economics (.ppt/2.5M)
• Strategies for Improving Student Performance on AP Economics exams (.ppt/100K)
• Connections (.ppt/3M)
• Balance of Payments (.pdf/500K)
• Summary of Tax Incidence (.ppt/7K)Difficult Topics in Microeconomics: Tax Analysis (.ppt/300K)
• Tax Dilemma (.pdf/5K)

Important Notes from the Test Development Committee

Microeconomics
While current content coverage in the AP Microeconomics course is limited to the concept of dominant strategy, the Development Committee acknowledges the increasing use of the concept of Nash equilibrium in the context of game theory. At this moment there is NO change to the existing content specifications for the AP Microeconomics course, but the committee wants to give teachers an update on concepts that are more frequently becoming a part of economic discussions. For a quick illustration, Nash equilibrium occurs when neither player in a game has any incentive to change his or her strategy given what the other side is doing. Nash equilibrium need not coincide with dominant strategies. As a rule of thumb, after players have chosen a particular combination of strategies, one can ask the question: "Does any player have any incentive to choose a different strategy?"