Sunday, August 23, 2009

DC Corner

Check the "Classroom Instruction and Resources" on the AP Central website. Find DC Corner and click on Important Notes from the Test Development Committee. There you will find information on the Balance of Payments accounts and Nash Equilibrium.

Before 1999, the Capital Account included "net capital flows" Now those flows are recorded in the "Financial Account" of the Balance of Payments. The Capital Account will be used to record debt forgiveness and unilateral transfers of assets between countries.

The test developers wanted teachers to know that the dominate strategy does not have to coincide with the Nash Equilibrium. The Morton activities and the Princeton Review covers this topic well.

Make sure you register for the electronic discussion groups on the AP Central website.


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