AP Macroeconomics
AP Macroeconomics provides students with a comprehensive understanding of the principles that govern economic systems on a national and global scale. This college-level course explores topics such as economic indicators, fiscal and monetary policies, international trade, and economic growth.
AP Macroeconomics provides students with a comprehensive understanding of the principles that govern economic systems on a national and global scale. This college-level course explores topics such as economic indicators, fiscal and monetary policies, international trade, and economic growth. The course equips students with analytical tools to interpret economic phenomena and prepares them for the AP Macroeconomics exam.
What You’ll Learn:
- Basic Economic Concepts
- Scarcity, opportunity cost, and trade-offs.
- The production possibilities curve (PPC) and efficiency.
- Comparative and absolute advantage in trade.
- Measurement of Economic Performance
- Gross Domestic Product (GDP): components and calculation.
- Unemployment: types and measurement.
- Inflation: consumer price index (CPI), inflation rates, and real vs. nominal values.
- National Income and Price Determination
- Aggregate demand and its determinants.
- Aggregate supply: short-run vs. long-run.
- Equilibrium in the aggregate demand and supply model.
- The Financial Sector
- The functions of money and the role of financial institutions.
- Money creation through fractional reserve banking.
- The Federal Reserve System and tools of monetary policy.
- Stabilization Policies
- Fiscal policy: government spending and taxation.
- Monetary policy: interest rates and money supply.
- The Phillips curve: inflation and unemployment trade-off.
- Economic Growth
- Factors contributing to long-term economic growth.
- Productivity, capital investment, and technological innovation.
- Policies to promote sustainable economic growth.
- Open Economy: International Trade and Finance
- Balance of payments: current and capital accounts.
- Exchange rates: determination and impact on trade.
- The effects of trade policies and globalization.
- AP Exam Preparation
- Practice multiple-choice and free-response questions.
- Graphical analysis and interpretation of economic models.
- Review of key concepts and strategies for success on the exam.
Why Take This Course?
- Master Economic Principles: Gain a solid understanding of macroeconomic concepts and their applications.
- Earn College Credit: Achieve college credit and placement with a strong AP exam score.
- Understand the Global Economy: Analyze real-world economic events and policy decisions critically.
Course Outcome:
By the end of this course, students will be able to analyze economic indicators, evaluate fiscal and monetary policies, and understand the factors influencing economic growth and stability. Students will also be well-prepared for the AP Macroeconomics exam.
Who Should Enroll:
- High school students interested in economics, business, or finance.
- Learners preparing for the AP Macroeconomics exam.
- Anyone curious about the functioning of national and global economies.