Everything you need to know about perfectly competitive factor markets and monopsony. No game this time, but there are some questions about these resource markets found in the points, prices, and quantities game.
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Check Out the Competition
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Here is a breakdown of the 4 product market structures organized from most competitive to least. There is also a 22 question review game to make sure you are ready for exam day!!
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Review to get and Advantage
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The newest addition to the site is finished. A break down of 3 important economic concepts: Absolute Advantage, Comparative Advantage, and Terms of Trade. It also includes a 6 problem (48 question) flash review game to help prepare yourself for your next Microeconomics or Macroeconomics exam.
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Cost, Revenue, and Profit
Everything you need to know about these three topics from Opportunity Cost to Marginal Revenue on one review page. Plus a 20 question flash review game to check your understanding. Give it try to see if you are ready for your next Economics Exam!
New Android App
I spent much of my summer working to take all of the flash games and activities I made to help students test their knowledge of Micro and Macro Economics and put them in an Android App. It is finally done. 7 of the activities are free with ads but you can get all 15 (that I’ve made so far) and get rid of the ads for just 99 cents. I’m hoping this project will break even (in the accounting sense) with the ads and the small fee. Please give it a download and if you like it, rate it on google play.
I hope to have an IOS app eventually as well.
Moved to a New Domain!!
I decided to move the domain of the review website from APEconReview.com to ReviewEcon.com. There are multiple reasons for the move, but I believe it will be a better and more accurate domain name for the site. This will be the place where students go to review introductory college level Microeconomics and Macroeconomics. Please update any bookmarks you have! In the mean time, the old domain will automatically route traffic to the new site. For the next few months you may still see some references to the old site but I hope to get those fixed ASAP.
Simplify the Economy with the Circular Flow
The circular flow model illustrates the flows of money, resources, and products throughout an economy. It’s not overly complicated, but there are some key things you should know about it. Here you will find a run down of each part of the circular flow model along with a 20 question flash review activity.
Review Elasticity Coefficients so they aren’t such a stretch
The 2015 and 2016 Microeconomics exams both had FRQ’s focused on elasticity and calculating elasticity coefficients. Some of my own students felt inadequately prepared to tackle these tough questions. In an attempt to make sure that doesn’t happen again, I have created the elasticity review along with a 15 question activity to test your skills. With a little luck it will provide you with everything you need to know about elasticity so you don’t get caught off guard when the AP Exam rolls around in May.
Points, Prices, and Quantities
Microeconomics graphs can be tricky. They are all variations of Supply and Demand and the axes of price and quantity are found on every graph. Analyzing those graphs, however, is where many students find some difficulty. Make sure you review these key points, prices, and quantities before you attack that AP Microeconomics exam in May. Here you will find a flash review game with a whopping 65 questions to help test your knowledge on all the AP Microeconomics graphs.
The DL on Foreign Exchange
The foreign exchange market shows up most years in some form on the Advanced Placement macroeconomics exam. Drawing the graph isn’t too difficult since it’s a looks like a typical supply and demand graph. But there are some differences you need to be aware of. Review it all; then check your understanding with the 20 question Flash game.