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AP Microeconomics Exam

Note: This article accounts for the latest revisions to AP Microeconomics (Fall 2012). Students studying for the AP Microeconomics Exam should only reference study materials published after this date. Well, Magooshers, I have another confession to make. But before I reveal my deep dark secret, I want to say that I really enjoy writing these articles. It’s nice, too, thinking that my knowledge and experience are helping students like you. Yet that’s not the real reason I do this. I do it for the money. Yeah, I, like everyone else, have bills to pay. Rent, groceries, insurance, a little bit of fun here and there†¦it all adds up. That’s microeconomics (and Capitalism) for you. To understand how money moves throughout our daily lives, there is no better class than AP Microeconomics. Today I’m here to guide you through the AP Microeconomics Exam. If you get to the end of this article and still have questions, be sure to check out the official College Board website for AP Microeconomics. How You’re Assessed on the AP Microeconomics Exam AP Microeconomics is a smorgasbord of topics. There’s a little history. There are some rules and concepts. There are even graphs and charts. Throughout the year, your teacher will cover four broad topics from the following Concept Outline. Below are the topics, along with the percentage weight each one has on the AP Microeconomics Exam. The following is in no way a study guide, but an introduction to what you will encounter throughout the course. Basic Economic Concepts (8-14%) Economic systems Property rights Scarcity and choice The Nature and Functions of Product Markets (55-70%) Supply and demand (15-20%) Theory of consumer choice (5-10%) Production and costs (10-15%) Firm behavior and market structure (25-35%) Factor Markets (10-18%) Market Failure and the Role of Government (12-18%) So yeah, there’s a lot to learn. If you don’t already know, microeconomics focuses mainly on how people (you and me, for example) and businesses make economic decisions. Compared to macroeconomics, microeconomics is much more relevant to our daily lives. Finally, AP Microeconomics won’t teach you how to become a billionaire, but you will learn how and why billionaires exist. 🙂 Successful Time Management In this section, I will break down the length of the AP Microeconomics Exam and offer suggestions on how to make sure you successfully finish each section. Before we dive in, though, my biggest piece of advice is to take many timed practice exams to become used to the exams format, content, and pacing. For students with a College Board Account, a full-length practice exam is available for you to take right now. Section I: Multiple Choice (60 Questions, 70 Minutes, 66.6% of Exam Score) Okay, so you have one minute and 10 seconds to answer each multiple choice question. To finish on time, you need to complete six questions every seven minutes. After taking your first practice test, you discover that the multiple choice section is a mix between word problems and those containing graphs. In short, this means most of your time on the exam will be spent reading and analyzing. Have your pencil ready to underline key words in the passages. Also, don’t forget to cross out incorrect answers when you spot them. If you’re taking AP Microeconomics, I bet you’ve already taken your fair share of high-stakes standardized tests. Even so, check out my article on ACT Time Management. The article goes over some simple tips and tricks that you can’t afford to miss on exam day. Another thing to remember is that like all AP Exams, on AP Microeconomics there is no penalty for guessing. That’s right; no points are deducted for incorrect answers. Why is that a good thing for you? Well, if there is a question or two where you get stuck, there is no shame in guessing and moving on. Just don’t leave any questions blank! Break (10 Minutes) Break is an important time during any AP Exam. Yet even for a two-hour exam like the AP Microeconomics Exam, you’re only at the halfway mark. Go to the bathroom, drink a little water, and don’t forget to eat something. There’s a lot of writing coming up, and you’re going to need some fuel to finish strong. Section II: Free Response (3 Questions, 60 Minutes, 33.3% of Exam Score) Okay, so you have an hour for three questions. But not all of these questions are created equal. Here is the breakdown for Section II: 1 long free-response question Worth 50% of section score 2 short free-response questions Each worth 25% of section score If we’re thinking about time management, it makes sense to give the long free-response question 25 minutes of your time. The two short free-response questions require approximately 12 minutes each. Don’t forget that answering each question will require you to read and analyze information, including charts/graphs. For the long free-response question, I strongly recommend that you outline your reply, too. All of this takes time, so practice tests are key to success. Section II Pro-Tip: If you’ve taken multiple timed practice tests, and are comfortable with time management, try to squeeze in the last 2-3 minutes to review what you wrote. AP exams are stressful experiences and all the pressure might make you leave out something important, even if you had it in your outline. Having time to review means the chance to catch and fix mistakes. Test Content: Section I (Multiple Choice) Because the exam hasn’t changed in over four years, many multiple choice questions from previous years’ AP Microeconomics Exams are still a valid way to practice for test day. In fact, you will likely see old, but still relevant exam questions on your tests in your AP Microeconomics class. All the questions in the multiple-choice section are ‘stand alone,’ meaning there is not a single chart/graph followed by multiple questions. For some students, this will be a blessing. Yet for others, having to jump to a new topic each question can be a mental strain. To improve your score on the multiple-choice section, let me recycle some advice: focus on your weaknesses. After your first practice test, go through your missed questions and make a list of topics where you struggled. After some studying (how you study I’ll leave up to you), take another practice test. Rinse and repeat. One last thing about time management: If you’re good with time management on other standardized tests, you should also be good with the AP Microeconomics Exam’s multiple-choice section. Even so, remember: if necessary, guess and move on. Test Content: Section II (Free Response) Like many of the questions on the multiple-choice section, to answer the Free Response questions, you need to analyze data in the form of text, charts, graphs, or graphics. The first 10 minutes is strictly a reading period. Here’s how I’d use this time. 1 minute: Count the total number of tasks you have to complete in the 50-minute writing time. 9 minutes: Brainstorm notes in the margins as you examine the questions/text/charts/graphs/graphics. Seriously, mark up your test booklet. And until you actually start writing your replies, no one cares how bad your handwriting is, either. 😉 In short, the pencil should not leave your hand this entire time. Okay, so the reading period ends, and it’s time to write! Let’s say, for example, that the three questions represent 14 tasks (parts). That means you have approximately 3.5 minutes to complete each task. To write your best answers, consider applying the following strategy when you tackle a practice AP Microeconomics Exam: 1 minutes: Plan out your reply. Review/add to your notes. Is this what you really want to say? Missing anything important? 2.5 minutes: Write your reply. The only thing that matters is that you a) answer the question and b) follow the directions. If you take multiple practice tests, the act of writing answers under pressure will become second nature, something that doesn’t take up a lot of brain power compared to the questions themselves. The End AP Microeconomics is a course taken by mainly 12th grade students. Just during the time where many of you will be caught up in graduation euphoria and in the transition to college, you will receive your AP Microeonomics score, as the College Board releases AP scores in early July. For those of you that earn a 5, congratulations! You definitely just earned a semester’s worth of college credit. Some colleges, though, don’t accept 4s for various reasons. As you’re making your final decision about which colleges to apply to, make sure to research potential colleges AP score policies. That’s a good strategy no matter which AP courses you decide to take. Even if you earn a 3 (or less) on the AP Microeconomics Exam, it’s not the end of the world. The fact that you are taking it your senior year will make your college applications shine a little bit brighter. Also, if you have to retake the course in college, you will come in with a great foundation of knowledge. Just remember to keep your AP Microeconomics notes/materials. Till next time, Magooshers.

Eating Disorders Essay - 1087 Words

Eating Disorders One of the most prevalent disorders amongst the youth of this era is eating disorders. While some overlook it and don’t think it is a problem eating disorders should be given serious consideration. This is because the psychological ramification of eating disorders tends to have lasting effects over the course of the adolescents’ life. An eating disorder is any of various psychological disorders, such as anorexia nervosa or bulimia, which involves insufficient or excessive food intake. They are a silent epidemic and a exceedingly negative response to a misinterpretation of one’s role in the world. Adolescents with eating disorders are usually convinced they’re ugly, worthless, and untalented. While some†¦show more content†¦Also, feeling that the only thing they can control in their lives is the food that they eat especially if they have very controlling parents, or boyfriends. Finally, models, teen idols, and movie stars are role models for m ost teenagers, and the popular look is thin or the most recent description is called the lollypop look. This is a major part of it because adolescents tend to compare themselves to these role models and are taught that sexy is thin and this is the way to be noticed. The major source of this is through television, movies and magazines. Bulimia, on the other hand, is characterized by massive food binges followed by self-induced vomiting or use of diuretics and laxatives to avoid weight gain. The word bulimia comes from the two Greek words, bous meaning cow and limos meaning hunger. Unlike anorexics, bulimics come from all economic levels, develop this disorder between 15 and 24 years of age, and are more likely to seek help because they realize they have a problem. Most people dealing with this disorder are attractive, successful women with no apparent weight problem. Bulimia usually starts when the person is under tension, usually associated with a change or a disappointment. They tu rn to food for comfort and eventually gain weight. Finally they start dieting followed by binging and purging. They also feelShow MoreRelatedEating Disorders : Eating Disorder1205 Words   |  5 PagesEating Disorders in Today’s World Eating disorders are alive and well in today’s world and they are a major problem. An eating disorder can look like a few different things, ranging from a severe reduction of food intake to over eating to feelings of negativity towards your body shape or weight (Lehigh University). While some disorders can only be found in specific age groups, races, etc., eating disorders can be found amongst all and it does not necessarily have to be pointed towards food (LehighRead MoreEating Disorders : An Eating Disorder1184 Words   |  5 Pagesas an eating disorder. Weir (2016) goes on to explain the origins behind eating disorders in individuals. This topic is important because, in the United States, many women and men suffer from a clinically significant eating disorder at some point in their life. It is important to know the influences that cause an individual to experience an eating disorder. Genetically, or environmentally, or both genetically and environmentally. Anorexia ner vosa, bulimia nervosa, and binge eating disorder are eatingRead MoreEating Disorders And Eating Disorder1573 Words   |  7 Pagesaffects people called an â€Å"eating disorder.† Why did you choose this topic? I chose this topic because it is a very prevalent issue in our society today, and a close friend of mine is suffering from an eating disorder. What question(s) did you want to answer or what was your hypothesis regarding this topic? As mammals, there is no chance of escaping the need to consume food in everyday life. However, when it comes to food there can be a major concern of eating too much or eating too little. Doing eitherRead MoreEating Disorders And Eating Disorder1104 Words   |  5 PagesEating disorder is a serious problem happens in both men and women. Eating disorder is a sort of disease in which a person is having a strange routine of eating like consuming a huge amount of food each time they eat. This can incorporate not eating enough nourishment or indulging. Eating disorder influence many people around the world. The larger part of peoples who are dealing with this issue are ladies. A person with eating disorder issue may focus nonsensically on their weight and shape. EatingRead MoreEating Disorders And Eating Disorder1410 Words   |  6 Pagesâ€Å"An eating disorder is about anxiety and control and healing from trauma and food and weight are just the tools of destruction† (Floyd, Mim ms, Yelding, 2008). An eating disorder is defined as a severe disturbance in eating behavior. An eating disorder, as defined by our text book for class, is psychological disturbances that lead to certain physiological changes and serious health complications. The three most common and most easily identifiable forms of eating disorders include anorexia nervosaRead MoreEating Disorders : Eating Disorder966 Words   |  4 PagesEating Disorders Many people, both women and men of all ages, suffer from the psychological disorder, eating. Up to thirty million people in the world suffer from some kind of an eating disorder. There a two types of eating disorders, anorexia and bulimia, and have several methods of treatment. What is an eating disorder, and what do they cause? Eating disorders are maladaptive and very serious interruptions in eating. They can come in the form of overeating, or not eating enough, they are oftenRead MoreEating Disorders And Eating Disorder1496 Words   |  6 PagesAn eating disorder is an illness that causes serious disturbances to your everyday diet, such as eating extremely small amounts of food or severely overeating. A person with an eating disorder may have started out just eating smaller or larger amount of food, but as some point, the urge to eat less or more has gotten out of control. Severe distress or concern about body weight or shape may also signal an eating disorder. Common eating disorders include anorexia nervosa, bulimia nervosa, and a binge-eatingRead MoreEating Disorders : Eating Disorder1031 Words   |  5 Pagesâ€Å"The eating disorder is a very jealous and abusive partner. It requires a lot of devotion in the extent that you have to devote yoursel f to tending to the anorexia. There s not a lot of time left over for adult life,† was stated by Dr. Doug Bunnell, a specialist in eating disorders. Eating disorders effect a variety of people. Age, race, and gender aren’t role playing keys in eating disorders. Not everyone gets an eating disorder, but if they do then, it will more than likely destroy their livesRead MoreEating Disorders : An Eating Disorder1906 Words   |  8 Pagesobtain their body goal, thus causing an eating disorder. An eating disorder is a psychological condition that is characterized by abnormal or disturbed eating habits. There are three types of eating disorders; which are Anorexia Nervosa, Bulimia Nervosa, and Binge Eating.These disorders affect all aspects of a person’s life, including their psychological, emotional, and physical health. There are many factors that contribute to individuals developing eating disorders including: genetics, family pressuresRead MoreEating Disorders : Ea ting Disorder1235 Words   |  5 PagesEating Disorders Eating disorders are a very serious psychological condition that affects your mind so that you are more focused on your food and weight than you are on everything else. The most known and most commonly diagnosed eating disorders are anorexia, bulimia, and binge eating disorder; however, these are not the only eating disorders. Eating disorders cause psychical and psychological problems, which at their worst can even become life threating. Statistics show that more women are affected

Information Technology Governance

Question: Discuss about theInformation Technology Governance. Answer: Introduction: This study will provide a deep understanding about Information technology governance. Information technology governance helps the organization to mitigate the risks arises from changes in external environment. It also helps the organization to comply with rules and regulations lay down by regulating authorities. This study will provide an insight of the importance of IT governance in organization. Analysis IT governance can be defined as organisational capacity enforceable by Board, Management in order to control formulation and implementation of IT strategy so that business can be run effectively with the installation of IT. On the other hand, it is stated that management of an organization plays an important role in process related to IT governance. Different authors quoted different definitions regarding IT governance. But the conclusion can be drawn that IT management should focus on effective supply of IT products and services. The main objective behind IT governance is to enabling the organizations in measuring compliance according to law. With the changes in environment an organization should change the standards lying down for IT governance in order to improvements. (Ozkan and Karabacak, 2010). The recent areas of concern for IT governance are value management, value creation in delivery, management of risk, and integration of IT with governance. It is termed as a process which enables the organization to make an analysis whether its investment in information technology is fulfilling strategic and tactical objectives or not. In oppose to this other factors affecting IT governance are value delivery and level of performance. For creating a value to the organization, management is implementing IT governance in the organization and this trend is increasing day by day. Current and capital expenditure now days has shift towards IT in organizations. Hence, it is being analysed that this increasing expenditure towards IT has lead more importance towards IT governance. The importance of IT governance can be identified from the factor that it helps in analysing the external environment and increased levels of environment fluctuations. Moreover, IT governance helps the organization to face environment changes which includes cloud computing, mobile computing and virtualization. In addition to this, the other factor which lead the importance of IT governance in organization are the compliance and regulatory norms laid down by government for various industries. So, it can be analysed that IT governance reduces and transfers risk by controlling and supporting internal processes (Debreceny, 2013). In oppose to this IT governance also leads to exposure of risk from the external threats. IT governance has become one of the most important components of enterprise risk management. IT faces the threat of security, architecture, user management, development of software for different industries. As a consequence, IT governance provides proper guidance and framework to organization for adoption of good practices. At the same time, IT governance leads the foundation of framework at the national, industry and organizational level. On the other hand, the primary objective of internal IT audit is to assess control, reliability and sustainability of organizations IT environment. Internal audit helps in evaluation of IT plans, strategies, policies, and methods and programmes (Ozkan and Karabacak, 2010). Auditing also helps the organization in making recommendations about various techniques that are going to affect IT governance. In addition to this Auditing is generally of three types. Firstly, in financial auditing the auditors analyzes tests and review the system implemented in organization and thereby making the system more reliable. Secondly, operational auditing makes the system more automatic and efficient in performing of operations. Thirdly, IT auditing places a very important role in compliance audit. IT controls and programmes are an integral part of compliance audit. There are mainly three different approach named financial, operational and compliance auditing. The major differences between these approaches are of the purpose of audit, cost and benefit analysis and inclusion of various fields. Financial auditing used to check the correctness of financial statements (Goldberg, 2011). Compliance auditing reviews compliances and laws. Operational auditing reviews various processes carried out in an organization. There are various risks associated with the auditing. IT is a most important part of making analysis. Overall assessment is dependent upon IT. A more reliable system leads to more accurate results and vice versa. A reliable system can be installed only if there will be IT governance in an organization. In contrary to this, security can also be developed in system after proper formulation of IT governance. Moreover, Audit fieldwork is one of the most important and crucial step for audit process as it includes requests for documents, manager review, proper compilation of audit work, and conducting of in depth research work. In various cases IT auditing is totally different from general auditing. IT auditing is done to review the systems installed in organization and to stop the break down so that an organization can smoothly carried out its functions (Debreceny, 2013). Because organizations are hugely dependent upon IT and any failure in system will go to hamper the productivity of an organization. There are various IT audit standards laid down. The objective, authority, responsibility and responsiveness of the information system should be properly documented in audit charter. The audit charter letter should be agreed at a significant level within the organization. The audit charter should be reviewed at a regular interval. The information contained in audit charter should be in detailed format so that a detailed understanding can be developed. For an internal IT audit, charter should be prepared for day to day activities and for external IT audit charter should be prepared for each audit or non audit assignment. Organizations are adopting risk based IT approach. The objective of this approach is to analyse the risk based on knowledge of the organisations IT strategic plan and organisation operations. Auditor will review systems which are based on technology and control business functions in which high risk is involved. Conclusion From this study it can be analyzed that with the increasing use of IT in organizations, IT governance becomes a major issue. IT governance leads to proper maintenance of system so that there will be no break down. IT governance system is hugely dependent upon the organization structure and managerial personnel. So, from the above study, it can be concluded that IT governance becomes an integral part for the organization success and development. References: Debreceny, R.S. (2013) Research on IT governance, risk, and value: Challenges and opportunities,Journal of Information Systems,27(1), pp.129-135. Goldberg, D.M. (2011) General auditing for IT auditors,ISACA Journal,3, pp.36. Ozkan, S. and Karabacak, B. (2010) Collaborative risk method for information security management practices: A case context within Turkey, .International Journal of Information Management,30(6), pp.567-572.