AP Macroeconomics

Unit 1 - Basic Economic Concepts

Learn about economic concepts, principles, and models that are the foundation for studying macroeconomics

1.1 Scarcity

1.2 Opportunity Cost & the PPC

1.3 Comparative Advantage and Trade

1.4 Demand

1.5 Supply

1.6 Market Equilibrium

Unit 2 - Economic Indicators & the Business Cycle

Understand how to measure the economy using indicators such as employment and inflation

2.1 Circular Flow & GDP

2.2 Limitations of GDP

2.3 Unemployment

2.4 Price Indices and Inflation

2.5 Costs of Inflation

2.6 Real vs Nominal GDP

2.7 Business Cycles


Unit 3 - National Income & Price Determination

Explore how changes in aggregate spending and production, economic fluctuations, and policy actions affect national income, unemployment, and inflation

3.1 Aggregate Demand

3.2 Multipliers

3.3 Short-Run Aggregate Supply

3.4 Long-Run Aggregate Supply

3.5 Equilibrium in the AD-AS Model

3.6 Short Run Changes in the AD-AS Model

3.7 Long-Run Self Adjustent

3.8 Fiscal Policy

3.9 Automatic Stabilizers

Unit 4 - Financial Sector

Examine the financial sector and explain how monetary policy is implemented and transmitted through the banking system

4.1 Financial Assets

4.2 Nominal vs Real Interest Rates

4.3 Definition, Measurement, and Functions of Money

4.4 Banking and the Expansion of the Money Supply

4.5 The Money Market

4.6 Monetary Policy

4.7 The Loanable Funds Market

Unit 5 - Long-Run Consequences of Stabilization Policies

Explore the effects of fiscal and monetary policy on long-term economic stability and growth

5.1 Fiscal and Monetary Policy Actions in the Short-Run

5.2 The Phillips Curve

5.3 Money Growth and Inflation

5.4 Deficits and the National Debt

5.5 Crowding Out

5.6 Economic Growth

5.7 Public Policy and Economic Growth

Unit 6 - Open Economy

Examine how a country's economy interacts with the rest of the world through international product and financial markets

6.1 Balance of Payment Accounts

6.2 Exchange Rates

6.3 The Foreign Exchange Market

6.4 Effect of Changes in Policies and Economic Conditions on the FOREX Market

6.5 Changes in the FOREX Market and Net Exports

6.6 Real Interest Rates and International Capital Flows