Barron's AP Microeconomics/Macroeconomics

Key differences between 5th and 4th editions

• Time lapse between current and preceding editions: 3 years (2015 vs 2012).
• The First edition was published in 2001 under the title "Barron's how to prepare for the AP microeconomics/macroeconomics advanced placement examinations"
• The Fifth Ed. covers the same key topics discussed in the prior Fourth Ed.
• New discussion on:
• Allocative efficiency (also called social efficiency)
• Tariffs and quotas
• Difference between accounting and economic profit
• Monopoly graphs