AP Economics is a scam class made by the collegeboard, which is ironic because they’re basically a true definition of a monopoly. If you don’t know what a monopoly is, it’s when one firm controls an entire market, getting to set their own high inflated prices, benefiting few consumers achieving a near productive or allocated efficiency. Does this sound familiar? Oh wait that’s literally the Collegeboard (commentary credit to @AnxiousJoe on Youtube. You can find it on his AP Test Tier List video.), and on top of that, you will find yourself graphing A LOT!! If you’re not a math or statistics person, graphing is going to be difficult for you. This class is basically a second math class even though it claims “that it’s minimal”, gurl I still have to find the area of a triangle in AN ECON CLASS. You may have to deal with poor grades and bad GPA!! Side effects of this class includes watching too much Jacob Clifford videos, staying up until 3 AM, having a low self-esteem, graphing until your hands hurt (aka arthritis), joints swelling, being on meds like advil and tylenol, and having mental breakdowns.
student 1: how was the ap economics test?
student 2: man i don’t understand microeconomics. what the hell is the supply and demand curve? i still don’t understand what price elasticity means.
second semester:
student 1: dude do you know what a monopoly is?
student 2: what the hell is that? i’m not learning macroeconomics right now.
student 2: man i don’t understand microeconomics. what the hell is the supply and demand curve? i still don’t understand what price elasticity means.
second semester:
student 1: dude do you know what a monopoly is?
student 2: what the hell is that? i’m not learning macroeconomics right now.
by kiwikookie November 8, 2022
Get the AP Economicsmug. An economic recovery in which the wealthiest benefit or gain new advantages from the recovery while everyone else continues to suffer and for the some and most poorest maters continually gets worse.
The "k-shaped" economic recovery was not a recovery for the poor, it was a downward spiral into poverty.
by mlhiss September 10, 2020
Get the "K-shaped" economic recoverymug. An action by a party that results in the destruction of another party's personal rights or business position or status, or denial of constitutuional rights by means that are designed to assure any one or more of those outcomes is guilty of a felony.
The journalist stated that the owner of the company was guilty of a crime, without proof of that statement , and distributed that information to other media sources which resulted in economic terrorists destroying the business with false news by design.
by Airbornebob February 7, 2017
Get the Economic Terroristsmug. Also known as ECON101 - A phrase styled after the usual name of an introductory economics module at university or college. It's usually used by libertarians and conservatives to explain away the problems of capitalism, with the implication that their interlocutor "simply doesn't understand basic economics", even though a lot of said basic economics go on to be debunked in Economics 201.
Lib: "The minimum wage was introduced so that every employed person could afford food and rent, but ever since the Reagan administration, wages haven't been following the massive increases in productivity, as well as skyrocketing rent."
Cons: "Bruh, that's dumb - raising wages means people must get fired! Also, rent is increasing because more people want to rent! Supply and demand - it's just Economics 101."
Cons: "Bruh, that's dumb - raising wages means people must get fired! Also, rent is increasing because more people want to rent! Supply and demand - it's just Economics 101."
by obnoxious_leftie July 10, 2022
Get the Economics 101mug.