<p>Which study guide should I use? I have both. If its possible, please give the pros and cons of both. </p>
<p>Thanks!</p>
<p>PR…
I read way too many reviews that said barron’s contain many errors in answers</p>
<p>I would like to know also.</p>
<p>I took a practice test in Barron’s, and it didn’t seem to be entirely serious. A (incorrect) answer to a practice problem (which of the following statements is true): A short run is one less than one mile.</p>
<p>Maybe they just have a sense of humor, but I’ve always found Barron’s to be a bit “off.” Their SAT book is insanely technical, with dozens of pages of vocabulary (???), the AP Calc book is also technical, with many odd problems that don’t really look much like the actual exam, and the AP Econ book didn’t seem to be as useful as PR (didn’t look at it too much, though).</p>
<p>Barrons, in general, is pretty bad as far as gauging the accuracy of the tests. I remember their AP Calc book as being absolutely insane. My teacher would assign homework from there and I remember not bothering to do it because it was just going to take me hours.</p>
<p>its usually too hard to overprep you.</p>
<p>not really a bad thing…</p>
<p>PR on the other hand is usually somewhat easy but gets you overconfident
i hate that</p>
<p>I agree, PR is too easy :</p>
<p>i disagree about the pr tests being too easy, at least for micro…i haven’t looked at macro yet. i took the real micro exam from i think 2000 and before doing any studying i got -14. now after studying all weekend i took the princeton review micro test and got -18. or it could be me.</p>
<p>oh i have barron’s and princeton too and i honestly dislike both review books, but barron’s is still way worse. i’ve heard kaplan is good. princeton doesn’t doesn’t subdivide concepts clearly enough to give a concise explanation, it just keeps going and going without direction. it also has a lot of stuff i think is probably irrelevant like the various anti-trust acts and history of econ type questions which i never saw on any of the 4 real tests i took. </p>
<p>but barron’s just is terrible. it is condensed with so much writing that is confusing and unnecessary, the practice tests suck, i found a lot of mistakes, and its just generally not helpful.</p>
<p>For what it’s worth, Barron’s environmental science review book is horrible.</p>
<p>ok so in terms of CONTENT, not practice tests, </p>
<p>which is better?</p>
<p>Not sure about the PR because I don’t have it, but the Barrons is Terrible. I bought that crap for $25 and it didn’t help me at all. So I guess PR, but I’m not sure whether it’s good or not.</p>
<p>5 Steps to a 5 by McGraw-Hill is amazing, you should get that instead. Except, you like have tomorrow to study.</p>
<p>neither looked very good to me… gah</p>
<p>barrons has so many typos and errors and is ■■■■■■■■
i hate it</p>
<p>PR for sure. Barrons sucks for AP Macro/Micro. </p>
<p>Anyone know the curve for this test?</p>
<p>5 steps to a 5 is the best one out there! thats the one im using.</p>
<p>I came across 2 practice tests question that I’m not sure of</p>
<p>‘assume the reserve requirement is 20%, but banks voluntarily keep some excess reserves. A $1 million increase in reserves will result in an increase in the money supply of less than $5 million.’
Why is it less than 5 million?</p>
<p>another gives you a chart of 3 commodities with their quanitity, 1993 unit price, and 1994 unit price. How do you calculate the CPI?</p>
<p>thanks!</p>
<p>
</p>
<p>Increases in the money supply arise only out of banks lending out and creating new deposits and new money. Reserves do not lead to the creation of new money since they are kept in the bank and not lent out. If the banks keep only the required reserves, in this case 20%, then the money supply increase would be (initial increase)(1/reserve ratio) = (1 million)(5) = 5 million. However, since the banks voluntarily keep some excess reserves, it means that they are keeping more than 20% as reserves. Therefore, the money multiplier (1/ratio of increase kept in reserve) would be less than 5, so the money supply increase would be less than 5 million.</p>
<p>
</p>
<p>The formula for CPI is the (cost of the market basket in current year prices)/(cost of basket in base year prices) x 100. So, for each of the commodities, you multiply each of their quantities x 1994 unit price to get the total cost of everything in 1994 prices. Then do the same, quantity x 1993 unit price for each item and add it all up, to get cost of everything in 1993 prices. Then do (total cost in 94)/(total cost in 93) x 100 to find the CPI. The multiplying by 100 is so that you get CPI=100 in the base year… that’s just what it’s set to for reference’s sake.</p>
<p>Hope that helps!</p>
<p>I studied with Barrons & then later got Kaplan…</p>
<p>Barrons is very good in terms of teaching you the material (I had no teacher or any other sort of instruction… minus some research on Wikipedia here and there)… but the questions in Barrons are kind of irrelevant and not as good as Kaplan’s.</p>
<p>Hope that helps!</p>