Monday, November 24, 2014

Elasticity (XED,YED) Cheat Sheet

Elasticity (XED,YED) Cheat Sheet 



Market Failure Cheat Sheet

Externality Cheat Sheet


The APis fairly straight forward asking about externalities/ market failure but they do tweak it a bit by asking how dead weight loss DWL is effected by certain solutions (Tax, subsidy, lump-sum tax, etc.) Be prepared.
meet-up tonight at 6pm in Stanley @ Pacific Coffee
http://www.meetup.com/Hong-Kong-AP-Economics/
Welcome if you are in HK.










































Externality Check list,
When crafting a diagram, make sure that all necessary parts are added for the readers.
I made this checklist for the IB exams but it works equally well for the AP.


Elasticity Cheat Sheet 1 (PED, TR, PES)

Elasticity Cheat Sheet 1 (PED, TR, PES)

 Ok, I finally got started on a Elasticity cheat sheet, covering PED. Total Revenue and PES. Number two will cover YED & XED. I'm sure I will change this in some fashion in the next few days but it's a good start. I really need some way of being able to download this stuff to a site that others can snatch it off of,,, any suggestions? (Email me - wcwaugh@aol.com)