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AP Macroeconomics

  • AP Macroeconomics is an introductory college-level course that focuses on the principles that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price-level determination; it also develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.

     

    TEXT: Macroeconomics - Paul Krugman and Robin Wells, 2nd Ed.

    ISBN: 978-0-7167-7161-6

     

    Units of Study:

    1. What is Economics
      1. First Principles
      2. Economic Models
    2. Supply and Demand
      1. Supply and Demand
      2. The Market and Government
      3. International Trade
    3. Introduction to Macroeconomics
      1. The Big Picture
      2. Tracking the Macroeconomy
      3. Unemployment and Inflation
    4. Long-Run Economic Growth
      1. Long-Run Economic Growth
      2. Savings, Investment Spending, and the Financial System
    5. Short-Run Economic Fluctuations
      1. Income and Expenditure
      2. Aggregate Demand and Aggregate Supply
    6. Stabilization Policy
      1. Fiscal Policy
      2. Money, Banking, and the Federal Reserve
      3. Monetary Policy
      4. Inflation, Disinflation, and Deflation
    7. Events and Ideas
    8. The Open Economy