Jacob Clifford

The foreign exchange market will be a frequently tested topic, with many questions on the AP Macroeconomics exam.

Have a ton of questions about foreign exchange, what's going to happen to the supply and demand of the Mexican peso if there's this change in the foreign exchange market.

5 months ago Pending

The foreign exchange market will be a frequently tested topic, with many questions on the AP Macroeconomics exam.

Have a ton of questions about foreign exchange, what's going to happen to the supply and demand of the Mexican peso if there's this change in the foreign exchange market.

Pending

Teachers will spend fewer instructional days on Unit 5 compared to Unit 3 and Unit 4 of the AP Macroeconomics curriculum.

Now even though unit 5 can be more the actual AP exam, it's actually less days of instruction than unit 3 and unit 4.

5 months ago Pending

Teachers will spend fewer instructional days on Unit 5 compared to Unit 3 and Unit 4 of the AP Macroeconomics curriculum.

Now even though unit 5 can be more the actual AP exam, it's actually less days of instruction than unit 3 and unit 4.

Pending

Unit 5 (Long-Run Consequences of Stabilization Policies) will account for up to 30% of the AP Macroeconomics exam.

Statistically, unit 5 is actually more important. It goes up to 30% of the exam...

5 months ago Pending

Unit 5 (Long-Run Consequences of Stabilization Policies) will account for up to 30% of the AP Macroeconomics exam.

Statistically, unit 5 is actually more important. It goes up to 30% of the exam...

Pending

Unit 4 (Financial Sector) will constitute a significant portion of the AP Macroeconomics exam.

It's a huge part of the AP exam.

5 months ago Pending

Unit 4 (Financial Sector) will constitute a significant portion of the AP Macroeconomics exam.

It's a huge part of the AP exam.

Pending

The Loanable Funds Market will be a frequently tested topic on the AP Macroeconomics exam.

The AP exam loves asking questions about the loanable funds market.

5 months ago Pending

The Loanable Funds Market will be a frequently tested topic on the AP Macroeconomics exam.

The AP exam loves asking questions about the loanable funds market.

Pending

Teachers will spend more instructional days on Unit 3 than on Unit 1 or Unit 2 of the AP Macroeconomics curriculum.

You're going to spend more time this unit than you ever did in unit one or in unit two.

5 months ago Pending

Teachers will spend more instructional days on Unit 3 than on Unit 1 or Unit 2 of the AP Macroeconomics curriculum.

You're going to spend more time this unit than you ever did in unit one or in unit two.

Pending

Unit 3 (National Income and Price Determination) will be the most important unit on the AP Macroeconomics exam.

And it's by far the most important unit.

5 months ago Pending

Unit 3 (National Income and Price Determination) will be the most important unit on the AP Macroeconomics exam.

And it's by far the most important unit.

Pending

The author might release an updated version of the pacing guide in the future.

I may make an updated version of this someday.

5 months ago Pending

The author might release an updated version of the pacing guide in the future.

I may make an updated version of this someday.

Pending

Exclusions from GDP calculations will have low importance on the AP Macroeconomics exam.

It's just not that important on the AP exam.

5 months ago Pending

Exclusions from GDP calculations will have low importance on the AP Macroeconomics exam.

It's just not that important on the AP exam.

Pending

Unit 3 (Production, Costs, and Perfect Competition) will have approximately twice the importance or weighting on the AP Microeconomics exam compared to Unit 6 (Market Failures and Public Policy).

Unit 3 is like twice as important as unit 6.

5 months ago Pending

Unit 3 (Production, Costs, and Perfect Competition) will have approximately twice the importance or weighting on the AP Microeconomics exam compared to Unit 6 (Market Failures and Public Policy).

Unit 3 is like twice as important as unit 6.

Pending

Monopsinies will not be a highly important topic on the AP Microeconomics exam.

It's just not that important when it comes to AP exam.

5 months ago Pending

Monopsinies will not be a highly important topic on the AP Microeconomics exam.

It's just not that important when it comes to AP exam.

Pending

Students who were comfortable with supply and demand in Unit 2 will also be comfortable with the resource market in Unit 5.

If students felt comfortable back in unit 2 with supply and demand, they're going to feel comfortable here.

5 months ago Pending

Students who were comfortable with supply and demand in Unit 2 will also be comfortable with the resource market in Unit 5.

If students felt comfortable back in unit 2 with supply and demand, they're going to feel comfortable here.

Pending

Students will eventually understand game theory through repeated practice.

And eventually over time, they're like, 'Oh, okay. We get how to do this.'

5 months ago Pending

Students will eventually understand game theory through repeated practice.

And eventually over time, they're like, 'Oh, okay. We get how to do this.'

Pending

If students understand single-price monopolies (4.2), they will also understand price-discriminating monopolies (4.3).

if students understand the first one, they'll understand the second one.

5 months ago Pending

If students understand single-price monopolies (4.2), they will also understand price-discriminating monopolies (4.3).

if students understand the first one, they'll understand the second one.

Pending

If teachers spend enough time on topic 4.2 (drawing monopolies), then topic 4.3 (price discriminating monopolies) will be easier to teach.

If you spend time there, then 4.3 is easier.

5 months ago Pending

If teachers spend enough time on topic 4.2 (drawing monopolies), then topic 4.3 (price discriminating monopolies) will be easier to teach.

If you spend time there, then 4.3 is easier.

Pending

If teachers do not spend enough time on Unit 3, students will be confused in Unit 4.

if you didn't spend enough time in unit 3 to rush through it, students are still going to be confused here.

5 months ago Pending

If teachers do not spend enough time on Unit 3, students will be confused in Unit 4.

if you didn't spend enough time in unit 3 to rush through it, students are still going to be confused here.

Pending

Students who better understand concepts in Unit 3 (specifically 3.7) will perform better in Unit 4.

the better they understand these concepts, the better they're going to do well in unit four.

5 months ago Pending

Students who better understand concepts in Unit 3 (specifically 3.7) will perform better in Unit 4.

the better they understand these concepts, the better they're going to do well in unit four.

Pending

Students will not fully apply concepts like maximizing profit and the shutdown rule until they reach topic 3.7 (perfect competition).

These are all things students don't really fully apply until you get to topic 3.7, perfect competition.

5 months ago Pending

Students will not fully apply concepts like maximizing profit and the shutdown rule until they reach topic 3.7 (perfect competition).

These are all things students don't really fully apply until you get to topic 3.7, perfect competition.

Pending

Students will encounter cost curves again when studying perfect competition, monopolies, and monopolistic competition.

because they're going to see it again when you do perfect competition, and then again when you do monopolies and monopolistic competition.

5 months ago Pending

Students will encounter cost curves again when studying perfect competition, monopolies, and monopolistic competition.

because they're going to see it again when you do perfect competition, and then again when you do monopolies and monopolistic competition.

Pending

Students who understand topic 2.8 (taxes, ceilings, and floors) will also understand topic 2.9 (international trade).

If students understand 2.8, they're going to understand 2.9, the idea of international trade with imports and exports. If students get the one, they're going to get the other.

5 months ago Pending

Students who understand topic 2.8 (taxes, ceilings, and floors) will also understand topic 2.9 (international trade).

If students understand 2.8, they're going to understand 2.9, the idea of international trade with imports and exports. If students get the one, they're going to get the other.

Pending

Students who understand topic 2.3 (elasticity) will also understand topic 2.4.

if students get 2.3, they're going to understand 2.4.

5 months ago Pending

Students who understand topic 2.3 (elasticity) will also understand topic 2.4.

if students get 2.3, they're going to understand 2.4.

Pending

If teachers ensure students practice and understand topic 2.3 (elasticity), then topics 2.4 and 2.5 will be taught much quicker.

Make sure students practice, spend time making sure they get it. It makes 2.4 and 2.5 go so much quicker.

5 months ago Pending

If teachers ensure students practice and understand topic 2.3 (elasticity), then topics 2.4 and 2.5 will be taught much quicker.

Make sure students practice, spend time making sure they get it. It makes 2.4 and 2.5 go so much quicker.

Pending

If teachers cover and practice topic 2.1 thoroughly, they will be able to teach topic 2.2 faster because students will already understand demand.

If you do that, that makes 2.2 green because you can teach it faster because students already understand demand.

5 months ago Pending

If teachers cover and practice topic 2.1 thoroughly, they will be able to teach topic 2.2 faster because students will already understand demand.

If you do that, that makes 2.2 green because you can teach it faster because students already understand demand.

Pending

The AP Microeconomics exam will not have many questions on Comparative Advantage.

There's not that many questions on Compare Advantage on the micro exam.

5 months ago Pending

The AP Microeconomics exam will not have many questions on Comparative Advantage.

There's not that many questions on Compare Advantage on the micro exam.

Pending

The second free response question (FRQ) on the AP Microeconomics exam is predicted to be worth at least 5 points.

That's it for free response number two. Again, I think it's at least five points.

9 months ago Pending

The second free response question (FRQ) on the AP Microeconomics exam is predicted to be worth at least 5 points.

That's it for free response number two. Again, I think it's at least five points.

Pending

The first free response question (FRQ) on the AP Microeconomics exam is predicted to be worth approximately 9 points, potentially more but not less than 9.

So, for the first one, I think it's going to be at about nine points, maybe a few more points than that, but no less than nine.

9 months ago Pending

The first free response question (FRQ) on the AP Microeconomics exam is predicted to be worth approximately 9 points, potentially more but not less than 9.

So, for the first one, I think it's going to be at about nine points, maybe a few more points than that, but no less than nine.

Pending

The AP Macroeconomics exam is predicted to start including questions on central bank currency intervention in its free response section.

Apparently, they're going to start asking it on free responses.

9 months ago Pending

The AP Macroeconomics exam is predicted to start including questions on central bank currency intervention in its free response section.

Apparently, they're going to start asking it on free responses.

Pending

The author predicts they will create new videos specifically for the AP Business and Personal Finance course.

Plus, I'll be making new videos for the brand new AP course, AP Business, and Personal Finance.

6 months ago Pending

The author predicts they will create new videos specifically for the AP Business and Personal Finance course.

Plus, I'll be making new videos for the brand new AP course, AP Business, and Personal Finance.

Pending

FRQ #3 will cover foreign exchange and balance of payments, requiring students to categorize international transactions as part of the current account or capital/financial account, and explaining how monetary policy (e.g., changes in interest rates) affects the foreign exchange market and currency demand.

The last fair response I think is going to be pulling from unit six and we're going to go to foreign exchange and balance payments. So the way balance payments would look like is they would say here's some transaction is this part of the current account or the capital and financial account and explain... And then they'll switch off and say okay there's some monetary policy that occurred in this country that caused the interest rates to increase or decrease... And then they'll connect that to foreign exchange and they'll say okay well what's going to happen to the foreign exchange market if there's a higher interest rate... if interest rates go up then the demand for your currency in your country will also go up that's what I think it is

9 months ago Pending

FRQ #3 will cover foreign exchange and balance of payments, requiring students to categorize international transactions as part of the current account or capital/financial account, and explaining how monetary policy (e.g., changes in interest rates) affects the foreign exchange market and currency demand.

The last fair response I think is going to be pulling from unit six and we're going to go to foreign exchange and balance payments. So the way balance payments would look like is they would say here's some transaction is this part of the current account or the capital and financial account and explain... And then they'll switch off and say okay there's some monetary policy that occurred in this country that caused the interest rates to increase or decrease... And then they'll connect that to foreign exchange and they'll say okay well what's going to happen to the foreign exchange market if there's a higher interest rate... if interest rates go up then the demand for your currency in your country will also go up that's what I think it is

Pending

FRQ #2 will focus on bank balance sheets, involving calculations of reserve requirements and changes in required/excess reserves due to deposits or withdrawals, and will include a monetary policy question requiring students to draw the reserve market graph.

Next one is free response number two. I'm going on a limb here. I'm say it's going to be balance bank balance sheets... calculate the reserve requirement... if there's a change in there and they say, okay, someone deposited $5,000 or someone withdrew $5,000. How's that going to affect the uh the the both the required reserves for this particular bank or the excess reserves for this particular bank? So, make sure you can do that... Then, I think they're going to start talking about the idea of the reserve market graph. I think this is going to be a monetary policy question... So, expect to draw the reserve market graph... I think it'll be on this year.

9 months ago Pending

FRQ #2 will focus on bank balance sheets, involving calculations of reserve requirements and changes in required/excess reserves due to deposits or withdrawals, and will include a monetary policy question requiring students to draw the reserve market graph.

Next one is free response number two. I'm going on a limb here. I'm say it's going to be balance bank balance sheets... calculate the reserve requirement... if there's a change in there and they say, okay, someone deposited $5,000 or someone withdrew $5,000. How's that going to affect the uh the the both the required reserves for this particular bank or the excess reserves for this particular bank? So, make sure you can do that... Then, I think they're going to start talking about the idea of the reserve market graph. I think this is going to be a monetary policy question... So, expect to draw the reserve market graph... I think it'll be on this year.

Pending

An alternative for FRQ #1 could be a Phillips curve showing a negative output gap, with similar questions about adjustment or policy.

Now, if it's not that, it could be a positive output gap or it could be a Phillips curve. They could do the exact same questions except draw a Phillips curve, show a negative output gap, and make sure you can draw it on that as well.

9 months ago Pending

An alternative for FRQ #1 could be a Phillips curve showing a negative output gap, with similar questions about adjustment or policy.

Now, if it's not that, it could be a positive output gap or it could be a Phillips curve. They could do the exact same questions except draw a Phillips curve, show a negative output gap, and make sure you can draw it on that as well.

Pending

FRQ #1 will feature an aggregate demand and supply graph showing a negative output gap, requiring an explanation of long-run self-adjustment (without policy), using fiscal policy (potentially tax cuts or transfer payments) to close the gap, including spending multiplier calculations (e.g., $400 billion gap, MPC 0.8), and connecting it to government deficits, crowding out, and the loanable funds market graph.

Fear responds number one I think is going to be aggra demand on supply showing a negative output gap. So right now in the back of your brain see if you can do this. I think they're going to ask you for a long run self-adjustment... Well, assume instead you use fiscal policy and you have to explain fiscal policy to close that gap... Then I think they're going to work in the idea of the spending multiplier and give you an amount of the gap and say there's a $400 billion gap. The marginal pensity to consume is 0.8. Close the gap given a cut in taxes... Then I think they're going to say, okay, this causes a deficit... and what's going to happen to the loanable funds market and the idea of crowding out... you're going to be doing aggreate demand and supply which is the graph also the loanable funds market as well and then doing the calculation for that.

9 months ago Pending

FRQ #1 will feature an aggregate demand and supply graph showing a negative output gap, requiring an explanation of long-run self-adjustment (without policy), using fiscal policy (potentially tax cuts or transfer payments) to close the gap, including spending multiplier calculations (e.g., $400 billion gap, MPC 0.8), and connecting it to government deficits, crowding out, and the loanable funds market graph.

Fear responds number one I think is going to be aggra demand on supply showing a negative output gap. So right now in the back of your brain see if you can do this. I think they're going to ask you for a long run self-adjustment... Well, assume instead you use fiscal policy and you have to explain fiscal policy to close that gap... Then I think they're going to work in the idea of the spending multiplier and give you an amount of the gap and say there's a $400 billion gap. The marginal pensity to consume is 0.8. Close the gap given a cut in taxes... Then I think they're going to say, okay, this causes a deficit... and what's going to happen to the loanable funds market and the idea of crowding out... you're going to be doing aggreate demand and supply which is the graph also the loanable funds market as well and then doing the calculation for that.

Pending

Students will definitely need to draw either the aggregate demand and supply curve or the Phillips curve on the AP Macroeconomics exam.

I can say without a doubt you're going to have to draw aggraate demand and supply or the Phillips curve.

9 months ago Pending

Students will definitely need to draw either the aggregate demand and supply curve or the Phillips curve on the AP Macroeconomics exam.

I can say without a doubt you're going to have to draw aggraate demand and supply or the Phillips curve.

Pending

The California High-Speed Rail project was estimated to cost $33 billion and be completed by 2020.

At the time, it was estimated to cost $33 billion and would be complete by 2020.

6 months ago Pending

The California High-Speed Rail project was estimated to cost $33 billion and be completed by 2020.

At the time, it was estimated to cost $33 billion and would be complete by 2020.

Pending

AI is predicted to cause half of entry-level white-collar jobs to disappear and lead to 10-20% unemployment within the next 1 to 5 years from the video's publication date.

He believes it could also lead to half of entry-level white collar jobs disappearing and 10 to 20% unemployment in the next 1 to 5 years.

6 months ago Pending

AI is predicted to cause half of entry-level white-collar jobs to disappear and lead to 10-20% unemployment within the next 1 to 5 years from the video's publication date.

He believes it could also lead to half of entry-level white collar jobs disappearing and 10 to 20% unemployment in the next 1 to 5 years.

Pending

In-person microeconomics workshop is scheduled for July 7th-8th, and a macroeconomics workshop for July 9th-10th (in 2025, based on video publication date).

there's going to be two sessions one micro one macro microeconomics is July 7th through the 8th macroeconomics is going to be July 9th to the 10th

1 year ago Pending

In-person microeconomics workshop is scheduled for July 7th-8th, and a macroeconomics workshop for July 9th-10th (in 2025, based on video publication date).

there's going to be two sessions one micro one macro microeconomics is July 7th through the 8th macroeconomics is going to be July 9th to the 10th

Pending

An in-person macroeconomics workshop will be held on July 9th and 10th.

macroeconomics is going to be July 9th to the 10th

1 year ago Pending

An in-person macroeconomics workshop will be held on July 9th and 10th.

macroeconomics is going to be July 9th to the 10th

Pending

An in-person microeconomics workshop will be held on July 7th and 8th.

microeconomics is July 7th through the 8th

1 year ago Pending

An in-person microeconomics workshop will be held on July 7th and 8th.

microeconomics is July 7th through the 8th

Pending

Students who use the ultimate review package system and diligently do the work will drastically improve their exam scores.

I promise you if you follow along and do the work you will drastically improve your score

11 months ago Pending

Students who use the ultimate review package system and diligently do the work will drastically improve their exam scores.

I promise you if you follow along and do the work you will drastically improve your score

Pending

The third free response question on the AP Microeconomics exam (Set 1, 2025) will require drawing side-by-side graphs for a perfectly competitive labor market, identifying wage/quantity (MRP=MRC), showing the impact of market changes (e.g., minimum wage, supply decrease, firm productivity), and concluding with an explanation related to a perfectly competitive product market.

Third prediction for the 2025 fair responses I think is going to be side byside graphs for perfect competitive labor market... identify the wage in the quantity in the market. Identify the wage and quantity for the firm. Make sure you hire MRP equals MRC. drawing that graph and then some sort of change in that market whether it's a minimum wage or a decrease in the supply and you have to show it on both graphs... and at the end I think because they always have to work in perfect competition product market somewhere they you know pivot and say okay uh assume you know these workers are also at a perfect competitive product market and there's some sort of change and they have to explain something about the product market as well.

10 months ago Pending

The third free response question on the AP Microeconomics exam (Set 1, 2025) will require drawing side-by-side graphs for a perfectly competitive labor market, identifying wage/quantity (MRP=MRC), showing the impact of market changes (e.g., minimum wage, supply decrease, firm productivity), and concluding with an explanation related to a perfectly competitive product market.

Third prediction for the 2025 fair responses I think is going to be side byside graphs for perfect competitive labor market... identify the wage in the quantity in the market. Identify the wage and quantity for the firm. Make sure you hire MRP equals MRC. drawing that graph and then some sort of change in that market whether it's a minimum wage or a decrease in the supply and you have to show it on both graphs... and at the end I think because they always have to work in perfect competition product market somewhere they you know pivot and say okay uh assume you know these workers are also at a perfect competitive product market and there's some sort of change and they have to explain something about the product market as well.

Pending

The second free response question on the AP Microeconomics exam (Set 1, 2025) will be an excise tax question on a provided supply and demand graph, requiring elasticity calculation and identification of surplus, deadweight loss, and tax revenue. It may also pivot to questions on price controls or international trade.

I think it's time for an excise tax question. I think they're going to give you supply and demand good old fashioned supply and demand graph... first calculate the elasticity of demand... and then I think they're going to say okay if there's a tax... you have to identify things like where is the producer surplus or consumer surplus, where's the dead weight loss and definitely where is the area of tax revenue... maybe it's going to pivot to talk about price controls... they even could pivot over to international trade.

10 months ago Pending

The second free response question on the AP Microeconomics exam (Set 1, 2025) will be an excise tax question on a provided supply and demand graph, requiring elasticity calculation and identification of surplus, deadweight loss, and tax revenue. It may also pivot to questions on price controls or international trade.

I think it's time for an excise tax question. I think they're going to give you supply and demand good old fashioned supply and demand graph... first calculate the elasticity of demand... and then I think they're going to say okay if there's a tax... you have to identify things like where is the producer surplus or consumer surplus, where's the dead weight loss and definitely where is the area of tax revenue... maybe it's going to pivot to talk about price controls... they even could pivot over to international trade.

Pending

The first free response question on the AP Microeconomics exam (Set 1, 2025) will feature a given graph of a natural monopoly, covering unregulated price/quantity, elastic/inelastic range, total revenue maximization, price ceilings for efficiency, and lump sum/per-unit taxes, while also requiring the student to draw a negative or positive externality graph.

I think this year it's going to be a monopoly. I think they're going to ask about a natural monopoly, except they're going to give you the monopoly... they're going to ask you a bunch of questions starting off with, you know, the easy softball. Where's price and quantity unregulated? And then maybe a question about the elastic inelastic range or where total revenues maximize... maybe a question about a price ceiling to get the get rid of dead weight loss... jumping into lump sum and perunit taxes... And then I think they're going to jump into negative externality maybe even in that same question... draw that externality. I think this year though, they're going to give you the graph for Monopoly, but have you draw something else.

10 months ago Pending

The first free response question on the AP Microeconomics exam (Set 1, 2025) will feature a given graph of a natural monopoly, covering unregulated price/quantity, elastic/inelastic range, total revenue maximization, price ceilings for efficiency, and lump sum/per-unit taxes, while also requiring the student to draw a negative or positive externality graph.

I think this year it's going to be a monopoly. I think they're going to ask about a natural monopoly, except they're going to give you the monopoly... they're going to ask you a bunch of questions starting off with, you know, the easy softball. Where's price and quantity unregulated? And then maybe a question about the elastic inelastic range or where total revenues maximize... maybe a question about a price ceiling to get the get rid of dead weight loss... jumping into lump sum and perunit taxes... And then I think they're going to jump into negative externality maybe even in that same question... draw that externality. I think this year though, they're going to give you the graph for Monopoly, but have you draw something else.

Pending

The author predicted he would post a video with his predictions for the free response questions on the 2025 AP exams.

I'm also going to post a video with my predictions on this year's free responses.

10 months ago Pending

The author predicted he would post a video with his predictions for the free response questions on the 2025 AP exams.

I'm also going to post a video with my predictions on this year's free responses.

Pending

The author predicted he would post live review sessions the week before the 2025 AP exams.

Now, moving forward, the week before the AP exam, I'm going to post live review sessions to help you get ready for the exams.

10 months ago Pending

The author predicted he would post live review sessions the week before the 2025 AP exams.

Now, moving forward, the week before the AP exam, I'm going to post live review sessions to help you get ready for the exams.

Pending

AP students will be required to draw and shift the reserve market graph in their exams.

if you're an AP student, you definitely have to be able to draw and shift this.

10 months ago Pending

AP students will be required to draw and shift the reserve market graph in their exams.

if you're an AP student, you definitely have to be able to draw and shift this.

Pending

Students will encounter monetary policy concepts in both multiple choice and free response questions on their exams.

I hope you get it because you're going to see it in the multiple choice questions and on the free responses.

10 months ago Pending

Students will encounter monetary policy concepts in both multiple choice and free response questions on their exams.

I hope you get it because you're going to see it in the multiple choice questions and on the free responses.

Pending