• macro tree

     

    AP Macroeconomics gives students a thorough understanding of the principles of economics that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price-level determination, and also develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. All coursework is aligned to College Board's AP Exam on May 10, 2024. All relevant assignments and materials can be found in our iGoogle Classroom .

     

     

     

     

  • GOOGLE CLASSROOM LINK:

    https://classroom.google.com/c/NzEwMjk1NzMwMTgx

     

    WHAT WE COVER

    Unit One: Basic Economic Concepts (First two – three weeks of September)

    1. Scarcity and Opportunity Cost
    2. Production Possibilities Curve
    3. Comparative advantage and Gains from Trade
    4. Demand, supply, and market equilibrium

    Associated Deliverables:

    • NCEE Unit 1 Workbook and Practice Test
    • Comparative Advantage and Terms of Trade Scenario Sheets

    Assessment(s):

    • Unit 1 Test – Intro to Econ

     

    Unit Two: Measurement of Economic Performance (September to mid-October)

    1. Circular Flow and GDP
    2. Unemployment and Inflation
    3. Real vs. Nominal GDP
    4. Business Cycle

    Associated Deliverables:

    • NCEE Unit 2 Workbook and Practice Test
    • Unemployment Practice Calcs
    • CPI vs. GDP Deflator Analysis

    Assessment(s):

    • Measuring Economic Performance Project
    • GDP Quiz
    • Unit 2 Test

     

    Unit Three: National Income and Price Determination (mid-October - Thanksgiving)

    1. Aggregate Demand
    2. Multipliers
    3. Short-Run and Long-Run Aggregate Supply
    4. Equilibrium in the AD-AS Model
    5. Fiscal Policy
    6. Automatic Stabilizers

    Associated Deliverables:

    • NCEE Unit 3 Workbook and Practice Test
    • “The Economist” Read and Respond Articles
    • Fiscal Policy Practice FRQs

    Assessment(s):

    • Mid-Course Mastery Project
    • Unit 3 Quiz – MPC, MPS, Multipliers
    • Unit 3 Test

     

    Unit Four: Financial Sector (December – January)

    1. Financial Assets
    2. Nominal vs. Real Interest Rates
    3. Money
    4. Banking Expansion of the Money Supply
    5. The Money Market
    6. Monetary Policy
    7. Loanable Funds Market

    Associated Deliverables:

    • NCEE Unit 4 Workbook and Practice Test
    • “The Economist” Read and Respond Articles
    • Deposit Expansion Practice
    • Monetary Policy Practice FRQs

    Assessment(s):

    • Balance Sheet Quiz
    • Monetary Policy Practice MC Test
    • Unit 4 Full MC/FRQ Test

     

    Unit Five: Long-Run Consequences of Stabilization Policies (January – February)

    1. Fiscal and Monetary Policies in the Short Run
    2. The Phillips Curve
    3. Money Growth and Inflation
    4. Government Deficits and the National Debt
    5. Crowding Out
    6. Economic Growth
    7. Public Policy and Economic Growth

    Associated Deliverables:

    • NCEE Unit 5 Workbook and Practice Test
    • National Debt Analysis

    Assessment(s):

    • Unit 5 Quiz – SRPC/LRPC and Inflationary/Recessionary Gaps
    • Unit 5 Test

     

    Unit Six: Open Economy: International Trade and Finance (March - April)

    1. Balance of Payments Accounts
    2. Exchange Rates and the Foreign Exchange Market
    3. Effect of Policies and Economic Conditions on the Foreign Exchange Market
    4. Changes in the Foreign Exchange Market and Net Exports
    5. Real Interest Rates and International Capital Flows

    Associated Deliverables:

    • NCEE Unit 6 Workbook and Practice Test
    • FOREX Table Exercises
    • FOREX Practice FRQs

    Assessment(s):

    • Country Build-Out Proposal Project
    • Unit 6 Test

     

    REVIEW AND EXAM PREP (April through to Exam Day on May 9, 2025)

    • 3 Practice MC Exams
    • 3 Practice FRQ Exams
    • Additional study sessions available after school