TOWNSEND HARRIS HIGH SCHOOL
Mr. Barbetta, Principal
AP Macroeconomics
Ms. Baranoff
Course Outline
Course Introduction—Contract, Syllabus
How do we satisfy our unlimited wants with our limited resources?
HW #1 Module 1 p. 1-8
How does the business cycle work?
HW #2 Module 2 p. 10-14
How important is the idea of trade-off in economic analysis?
HW #3 Module 3 p. 16-21
Why do nations trade?
HW #4 Module 4 p. 23-29
How do supply and demand interact?
HW#5 Module 5 p. 47-56 and Module 6 p. 59-69
How do changes in supply and demand affect equilibrium price and quantity?
HW #6 Module 7 p. 71-74
How do price controls affect economic markets?
HW #7 Module 8 p. 77-85
How do quantity controls affect economic markets?
HW #8 Module 9 p. 88-93
TEST #1
How does the circular flow model represent the macroeconomy?
HW #9 Module 10 p. 102-110
Why is GDP used to measure economic activity?
HW #10 Module 11 p. 112-115
How does the unemployment rate affect the economy?
HW #11 Module 12 p. 118-123 and Module 13 p. 126-132
How does inflation affect the economy?
HW#12 Module 14 p. 134-139 and Module 15 p. 142-146
How does the multiplier illustrate the effects of changes in spending?
HW #13 Module 16 p. 158-170
How is an economy’s aggregate demand determined?
HW #14 Module 17 p. 172-177
How is an economy’s aggregate supply determined?
HW #15 Module 18 p. 179-187
How do we differentiate between short-run and long-run macroeconomic equilibrium?
HW #16 Module 19 p. 190-196
How does fiscal policy aim to manage economic fluctuations?
HW #17 Module 20 p. 199-207
Why does fiscal policy have a multiplier effect?
HW #18 Module 21 p. 209-212
TEST #2
How does a nation’s financial system affect its economic development?
HW #19 Module 22 p. 221-229
Why is money an integral part of an economic system?
HW #20 Module 23 p. 231-235 and Module 24 p. 237-241
How do banks contribute to the macroeconomy?
HW #21 Module 25 p. 243-251
How does the Federal Reserve respond to economic crises?
HW #22 Module 26 p. 253-260
How does the Fed execute monetary policy?
HW #23 Module 27 p. 262-266
How is the market for money determined?
HW #24 Module 28 p. 268-275
How is the market for loanable funds determined?
HW #25 Module 29 p. 277-286
TEST #3
How does fiscal policy affect the economy in the long-run?
HW #26 Module 30 p. 296-304
Why is monetary policy the primary tool for stabilizing the economy?
HW #27 Module 31 p. 307-312
How does monetary policy affect the economy in the long-run?
HW #28 Module 32 p. 315-319
How does inflation affect the economy?
HW #29 Module 33 p. 321-328
Why are inflation and unemployment interrelated?
HW #30 Module 34 p. 331-341
How have views of macroeconomics changed over time?
HW #31 Module 35 p. 343-353
How is macroeconomics viewed today?
HW #32 Module 36 p. 355-359
TEST #4
How is long-run economic growth measured?
HW #33 Module 37 p. 367-373
How is productivity related to economic growth?
HW #34 Module 38 p. 376-385
Why do economies grow at different rates?
HW #35 Module 39 p. 387-395
How do macroeconomic models represent long-run economic growth?
HW #36 Module 40 p. 398-403
How do balance of payments accounts keep track of capital flows?
HW #37 Module 41 p. 409-418
How are exchange rates determined?
HW #38 Module 42 p. 421-428
How do nations select an exchange rate regime?
HW #39 Module 43 p. 431-434
How is macroeconomic policy affected by exchange rates?
HW #40 Module 44 p. 437-440
How can we use macroeconomic models to conduct policy analysis?
HW #41 Module 45 p. 443-450
TEST #5
Review for AP Exam