{"id":12220,"date":"2020-12-31T06:29:59","date_gmt":"2020-12-31T06:29:59","guid":{"rendered":"https:\/\/internationalschooling.org\/?page_id=12220"},"modified":"2022-08-09T07:11:09","modified_gmt":"2022-08-09T07:11:09","slug":"ap-microeconomics","status":"publish","type":"page","link":"https:\/\/internationalschooling.org\/ap-microeconomics\/","title":{"rendered":"AP Microeconomics"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"12220\" class=\"elementor elementor-12220\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a5c790d elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"4a5c790d\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7486f259\" data-id=\"7486f259\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f232a65 elementor-widget elementor-widget-heading\" data-id=\"5f232a65\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">AP Microeconomics<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c8ef06c elementor-widget elementor-widget-spacer\" data-id=\"4c8ef06c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6240e7e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6240e7e9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-5f687d37\" data-id=\"5f687d37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2734a191 elementor-widget elementor-widget-heading\" data-id=\"2734a191\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">OVERVIEW<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d98e845 elementor-widget elementor-widget-text-editor\" data-id=\"6d98e845\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>By taking on the role of a leader at a fictitious company, you will learn fundamental economic concepts, including scarcity, opportunity costs and trade-offs, productivity, economic systems and institutions, exchange, money, and interdependence.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e33b847 elementor-widget elementor-widget-heading\" data-id=\"3e33b847\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">MAJOR CONCEPTS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d5ffe43 elementor-widget elementor-widget-text-editor\" data-id=\"6d5ffe43\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Basic Economic Concepts<\/strong><\/p><ul><li>Scarcity<\/li><li>Resource Allocation and Economic Systems<\/li><li>Production Possibilities Curve<\/li><li>Comparitive Advantage and Trade<\/li><li>Cost-Benefit Analysis<\/li><li>Marginal Analysis and Consumer Choice<\/li><\/ul><p><strong>Supply and Demand<\/strong><\/p><ul><li>Price Elasticity of Demand<\/li><li>Price Elasticity of Supply<\/li><li>Market Equilibrium and Consumer and Producer Surplus<\/li><li>Market Disequilibrium and Changes in Equilibrium<\/li><li>The Effects of Government Intervention in Markets<\/li><li>International Trade and Public Policy<\/li><\/ul><p><strong>Production, Cost, and the Perfect Competition\u00a0<\/strong><strong>Model<\/strong><\/p><ul><li>The Production Function<\/li><li>Short-Run and Long-Run\u00a0Production Costs<\/li><li>Types of Profit<\/li><li>Profit Maximization<\/li><li>Firms\u2019 Short-Run and Long-Run Decisions<\/li><li>Perfect Competition<\/li><\/ul><p><strong>Imperfect Competition<\/strong><\/p><ul><li>Basics of Imperfectly Competitive Markets<\/li><li>Monopoly<\/li><li>Price Discrimination<\/li><li>Monopolistic Competition<\/li><li>Oligopoly and Game Theory<\/li><\/ul><p><strong>Factor Markets<\/strong><\/p><ul><li>Changes in Factor Demand and Factor Supply<\/li><li>Profit-Maximizing Behavior in Perfectly Competitive Factor Markets<\/li><li>Monopsonistic Markets<\/li><\/ul><p><strong>Market Failure and the Role of Government<\/strong><\/p><ul><li style=\"list-style-type: none;\"><ul><li>Socially Efficient and Inefficient Market Outcomes<\/li><li>Externalities<\/li><li>Public and Private Goods<\/li><li>The Effects of Government Intervention in Different Market Structures<\/li><li>Inequality<\/li><\/ul><\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1790d0aa elementor-widget elementor-widget-heading\" data-id=\"1790d0aa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HONORS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eb15be1 elementor-widget elementor-widget-text-editor\" data-id=\"2eb15be1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<ul><li>Identify art, art tools, art rules, and correct behavior<\/li><li>Elements of art: line, shape, color, and space<\/li><li>Identify different elements of art and how they are used in artwork<\/li><li>Types of lines and shapes<\/li><li>Pigments, hue, intensity, and value<\/li><li>Contrast and scale<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7c680b38\" data-id=\"7c680b38\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4bb3bdca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bb3bdca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-18a1075\" data-id=\"18a1075\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d0d3dd1 elementor-widget elementor-widget-heading\" data-id=\"4d0d3dd1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fee Details<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-229b5ce elementor-widget elementor-widget-html\" data-id=\"229b5ce\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<!DOCTYPE html>\r\n<html>\r\n<head>\r\n<style>\r\n\r\ntable, th, td {\r\n  border: 1px solid black;\r\n  border-collapse: collapse;\r\n  font-family: 'Poppins','Varela Round', sans-serif;\r\n  font-size: 16px;\r\n  background-color: #fff;\r\n \r\n\r\n}\r\ntr td {\r\nfont-family: 'Poppins', sans-serif;\r\npadding-left: 10px;\r\nvertical-align: top;\r\npadding-top: 2px;\r\npadding-bottom: 2px;\r\n}\r\n\r\ntr th {\r\n  background-color: rgba(0, 65, 135, 0.4);\r\n}\r\ntd:nth-child(1)\r\n{\r\n  background-color: rgba(0, 67, 135, 1);\r\n  color: #fff;\r\n}\r\n\r\n\r\n.btn-enroll {\r\ncolor: #fff;\r\nbackground: #004387;\r\nborder-radius: 40px;\r\npadding: 5px;\r\nvertical-align: middle;\r\nfont-family: 'Poppins', sans-serif;\r\n}\r\n.b1 {\r\n    color: #242526;\r\n    font-weight: 700;\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n<table class=\"mb-tb\" style=\"width:90%;margin-left:20px;\">\r\n  <tr>\r\n    <td>Progam <\/td>\r\n<td>Advanced Placement<\/td>\r\n\r\n  <\/tr>\r\n  <tr>\r\n    <td>Fee Component\u00a0<\/td>\r\n    <td>Course Fee    <\/td>\r\n\r\n   \r\n  <\/tr>\r\n  <tr>\r\n    <td>Amount (USD)\u00a0<\/td>\r\n    <td>$ 304<\/td>\r\n\r\n    \r\n  <\/tr>\r\n\r\n  <tr>\r\n    <td>Description<\/td>\r\n    <td>To be paid by the student at the time of Enrollment.<\/td>\r\n\r\n    \r\n  <\/tr>\r\n \r\n<\/table>\r\n\r\n<\/body>\r\n<\/html>\r\n\r\n\r\n\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-22d96ea4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22d96ea4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-56ea5931\" data-id=\"56ea5931\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4456c99c elementor-widget elementor-widget-heading\" data-id=\"4456c99c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Grade Level<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59e1e0c6 elementor-widget elementor-widget-heading\" data-id=\"59e1e0c6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Grade 10, 11, 12<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-157439d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"157439d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-118835ee\" data-id=\"118835ee\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59f3c57d elementor-widget elementor-widget-heading\" data-id=\"59f3c57d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Duration<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5003ebc3 elementor-widget elementor-widget-heading\" data-id=\"5003ebc3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Semester<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6483c6ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6483c6ba\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-44936333\" data-id=\"44936333\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a897 elementor-widget elementor-widget-heading\" data-id=\"a897\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Requirements<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ee1376d elementor-widget elementor-widget-text-editor\" data-id=\"3ee1376d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The AP Macroeconomics Course and Exam Description is a free material provided by College Board that outlines the skills and content taught within the AP Macroeconomics course.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-56841a58 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56841a58\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7cde9f93\" data-id=\"7cde9f93\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20548c5d elementor-widget elementor-widget-heading\" data-id=\"20548c5d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Prerequisites<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2739a81e elementor-widget elementor-widget-heading\" data-id=\"2739a81e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Algebra 1 recommended<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>AP Microeconomics OVERVIEW By taking on the role of a leader at a fictitious company, you will learn fundamental economic concepts, including scarcity, opportunity costs and trade-offs, productivity, economic systems and institutions, exchange, money, and interdependence. MAJOR CONCEPTS Basic Economic Concepts Scarcity Resource Allocation and Economic Systems Production Possibilities Curve Comparitive Advantage and Trade Cost-Benefit &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/internationalschooling.org\/ap-microeconomics\/\"> <span class=\"screen-reader-text\">AP Microeconomics<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.0.3 (Yoast SEO v19.7.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AP Microeconomics International Schooling<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/internationalschooling.org\/ap-microeconomics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AP Microeconomics International Schooling\" \/>\n<meta property=\"og:description\" content=\"AP Microeconomics OVERVIEW By taking on the role of a leader at a fictitious company, you will learn fundamental economic concepts, including scarcity, opportunity costs and trade-offs, productivity, economic systems and institutions, exchange, money, and interdependence. 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