My name is Jacob Reed and I want to share economics with the world!
For the past few years, I have been creating content reviews and interactive games to help students review and practice the skill necessary to pass their Macroeconomics and Microeconomics exams. You can find all of this at ReviewEcon.com.
This RU-vid channel will be dedicated to walking students through past AP Macro and AP Micro FRQ's and teaching students tips and tricks to ace these exams.
Find the MR=MC quantity, then go up to the ATC (from that quantity) and make a point. Then go up to the demand curve (your MR=MC point). Connect those two points and draw lines to the y axis, creating a profit box. Good luck!
Still commenting on old videos to comment, that's a legend move. This video was amazing btw! I have my test tomorrow and I'll tell you if I think I aced it.
I was taking Macro this year. I dropped out 3 days into it because I was like a deer in headlights. I have to take it next semester, i’m dreading it. I don’t know why this is so difficult for me. Maybe i’m just dumb. But all this is daunting
I am hesitant to tell you the answer to such a specific homework type question, but this video explains how we all make decisions using marginal analysis. It's fundamental to how humans behave and act. Describe it. 😄
The videos on AP classroom and my online teacher are triple the amount of time as this video and are SO CONFUSING... I'm currently trying to do an assignment for this right now and THANK YOU SO MUCH!! You're litteraly a life saver right now!!!
The spending multiplier is 1/mps. The tax multiplier is -mpc/mps. With a .8 mpc and .2 mps, the spending multiplier is 5 and the tax multiplier is -4. I hope that helps!
Both can be used for both. If you are given MPS, 1-MPS=MPC. If you are given MPC, 1-MPC=MPS. Spending multiplier is 1/MPS or 1/1-MPC. Tax multiplier is -MPC/MPS (or absolute value B1 less than the spending multiplier). I hope that helps!
Break even means total revenue equals total costs. That's zero economic profit. See this video for more. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-KGejCCkqUVs.htmlsi=UbHA_TD9JTv4F6dm
I am told it will be in the Cheif reader report (not sure when it will be released, but should be soon). This was also confirmed at the annual AP conference in Vegas this summer.
I have a question I’m doing micro & Macro this year and unfortunately there isn’t a class in school and I have to self study is watching these videos enough to cover the content?
The videos cover everything on the AP exam, but students who self study will also want to read the articles on ReviewEcon.com, play the review games there, and probably get the review booklet. But... It's all designed as review for people learning from a teacher. I hope that helps!
@@ReviewEcon I downloaded the AP krugman economics textbook, I figured out i can follow the knowt study guide and reference from the textbook for deeper understanding and questions and then watch YOUR AMAZING VIDEOS and then boom practice questions and I’m done lol
Its been two weeks in my class and i got a 5/7 on my first quiz and still have a hard time. I don’t wanna say its my teacher fault but at the same time he doesn’t go into detail with the unit , so thank u for this!!!
hi there!! i just wanted to say thank you sososo much for your informative and helpful econ videos! i got a 5 on my ap macro test thanks to you!!! keep up the great work! :))
Hello Mr. Reed, I hope you are well! I just wanted to thank you for helping me out with econ this past school year. I watched all of your videos throughout the year and utilized your unit review videos to study for my exams. I took both macro and micro this year and have received credit for both thanks to you! Thank you again for everything! I really tremendously appreciate you!!!
Got my score late but it’s out now!! Got a 4 on macro too which is amazing!!! I genuinely felt like I don’t know anything about the test and how the questions will look like and all I did for ap prep was watching all your videos😭😭😭😭thank u so so much and ur really helping a lot of students!!
Thank you so much Mr.Jacob!! I've got score of 5 on microeconomics this year just by studying through your review videos. Thank you again and please keep up with your great work :D
