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Michele Mar, Ph.D.
AP Macroeconomics (January 4, 2016 –June 9, 2016)
SAS North Campus Room 1110 (305) 237-1089
e-mail: mmar@dadeschools.net
http://teacherweb.com/FL/SchoolForAdvancedStudies/DrMicheleMar
Tentative Outline from your textbook (on-line) and 5 Steps to a 5
Basic Economic Concepts
January 4 – 22, 2016
(8 – 12% of the AP Exam)
Chapter 1:
Limits, Alternatives and Choices
Chapter 2:
The Market System and Circular Flow
Chapter 3:
Demand, Supply and Market Equilibrium
Chapters 5, 6, and 7 in 5 Steps to a 5
Measurement of Economic Performance January 25 – February 15, 2016
(12 – 16% of AP Exam)
Chapter 23: An Introduction to Macroeconomics
Chapter 24: Measuring Domestic Output and National Income
Chapter 25: Economic Growth
Chapter 26: Business Cycles, Unemployment and Inflation
Chapters 7 and 8 in 5 Steps to a 5
National Income and Price Determination February 16-29, 2016
((10 – 15% of AP Exam)
Chapter 27: Basic Macroeconomic Relationships
Chapter 28: The Aggregate Expenditures Model
Chapter 29: Aggregate Demand and Aggregate Supply
Chapter 30: Fiscal Policy, Deficits and Debt
Chapters 9 and 10 in 5 Steps to a 5
Financial Sector
March 1-18, 2016
(15 – 20% of AP Exam)
Chapter 31: Money, Banking and Financial Institutions
Chapter 32: Money Creation
Chapter 33: Interest Rates and Monetary Policy
Chapter 34: Financial Economics
Chapters 10 and 11 in 5 Steps to a 5
Inflation, Unemployment and Stabilization Policies* March 28 – April 8, 2016
(20 – 30% of AP Exam)
Chapter 35: Extending the Analysis of Aggregate Supply
Chapter 36: Current Issues in Macro Theory and Policy
Chapters 9 in 5 Steps to a 5
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Economic Growth and Productivity April 11-15, 2016
(5 – 10% of AP Exam)
Chapter 25: Economic Growth
Chapter 10 in 5 Steps to a 5
Open Economy: International Trade and Finance April 18-22, 2016 (AP Review of
Macro will be Saturday, April 23, 2016 at FIU South with all SAS/AAA instructors)
(10 – 15% of AP Exam)
Chapter 37: International Trade
Chapter 38: The Balance of Payments, Exchange Rates and Trade Deficits
Chapter 12 in 5 Steps to a 5
* See also Chapters 30 and 33 for Fiscal and Monetary Policies
On-Line Text: McConnell, Campbell R. and Brue, Stanley L, Economics: Principles,
Problems and Policies, New York, NY: McGraw Hill, Inc.
Homework and Class Assignments: Morton, John S. Advanced Placement Economics,
Macroeconomics: Student Activities, 3rd Edition, New York, NY: National Council on
Economic Education.
In-class Study Guide: Dodge, Eric (2016). 5 Steps to a 5: AP Macroeconomics.
Additional Resources: Regular viewing of network or cable news broadcasts and public
affairs programs such as PBS NewsHour, Nightly Business Report (PBS), and This Week
with George Stephanopoulos (ABC), is required. Reading publications such as The New
York Times, The Wall Street Journal and The Economist is also required. You will also be
given assignments from the Federal Reserve www.econlowdown.org and watching
ACDC videos on all concepts of AP Macroeconomics.
I also recommend you bring index cards for vocabulary and formulas you will learn
in class.
Important dates:
AP Government review at FIU South: March 16, 2016 (Wednesday) (Buses will be
provided from SAS North)
AP Macro review at FIU South: April 23, 2016 (Saturday)
Spring Break: March 21-March 25, 2016
Senior Brunch: March 16, 2016
Grad Bash: April 15, 2016
SAS Prom: May 7, 2016
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AP MACROECONOMICS COURSE DESCRIPTION
Advanced Placement Macroeconomics is a college-level course providing analysis and evaluation of the
principles of economics from an aggregate perspective. The course examines economic problems and
factors as experienced by the nation as a whole. Basic economic principles will be addressed and applied at
the national level.
AP MACROECONOMICS COURSE OBJECTIVES
Though the course is designed to understand the principles and theories of macroeconomics, students will
learn how the economy affects the nation and the individual. Students will leave the course with an
understanding how resources are allocated and why economics is essential in the function of society. Most
importantly, the course will result in students becoming well-informed citizens and who will make sound
economic and financial decisions in the future.
Also, as a college-level course, critical thinking skills such as synthesis and evaluation will be developed.
Applying theories and formulas will be essential in developing higher-level skills which will benefit
students in the future in upper-level college courses and life in general.
AP MACROECONOMICS ADVICE
AP Macroeconomics is designed to understand theories and formulas of economic principles. Do not overthink or try to play out “what-ifs” with every single concept. Remember, KISS (Keep It Simple, Students).
Trust me, life in AP Macroeconomics will be much easier if you follow this advice.
AP MACROECONOMICS COURSE OUTLINE
Basic Economic Concepts
Scarcity and Opportunity Cost
Production Possibilities Curve (PPC)
Comparative Advantage and Absolute Advantage
Supply and Demand and Equilibrium
Business Cycle
Economic Measurement
National Income
Gross Domestic Product
Inflation and Price Indices
Types of Unemployment
National Income and Price Determination
Aggregate Demand
Aggregate Supply
Equilibrium
Financial Sector
Money and Banking
Monetary Policy
Inflation, Unemployment, Stabilization Policies
Fiscal and Monetary Policies
Inflation and Unemployment
Growth and Productivity
Investment
Research and Development
International Sector
Foreign Exchange Market
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THE AP MACROECONOMICS EXAM
Question Type
Number Of
Time
Multiple Choice
60
70 minutes
Free-Response
3
60 minutes
Percentage of Topics Covered on Multiple Choice Portion:
Basic Economic Concepts
8-12%
Measurement of Economic Performance
12-16%
National Income and Price Determination
10-15%
Financial Sector
15-20%
Inflation, Unemployment, Stabilization
20-30%
Economic Growth and Productivity
5-10%
Open Economy: International Trade and Finance
10-15%
The AP Macroeconomics exam will be given on Tuesday, May 11, 2016 at
12:00 PM. Your AP US Government and Politics is May 10, 2016 at
8:00 AM. Students are obligated to take the exam.
AP MACROECONOMICS RESOURCES
Five Steps to a Five Macroeconomics (BRING EVERYDAY)
Economics: Principles, Problems, Policies. 19th Edition (McConnell textbook) Your textbook is available
on-line in your student portal.
AP MACROECONOMICS ASSIGNMENTS
Worksheets – In-depth knowledge and understanding of various vocabulary and concepts in order
to facilitate learning throughout the course. THE WORKSHEETS WILL BE THE PRIMARY
HOMEWORK ASSIGNMENT AND WILL BE THE BASIS OF CONTENT, LEARNING, AND
UNDERSTANDING THROUGHOUT THE COURSE. Worksheets and due dates will be given in
class and available for download on my website.
Multiple Choice Tests – Use of AP-style and college-level questions to have students become
familiar with the format of the AP exam and styles of questions, including conceptual, factual,
analytical, thematic, and statistical.
FRQ Essays – Development of arguments and ability to use appropriate factual knowledge;
organization and analytical skills will be practiced. GRADING WILL BE BASED ON APSTYLE SCORING.
Outlines/Notes – Concentrate on important facts, concepts, and processes when reading. IT IS
REQUIRED FOR STUDENTS TO TAKE NOTES DURING CLASS AND IN READINGS.
Charts/Maps/Data Analysis - Interpretation of quantitative and visual information.
Tentative Economics Project – Semester-long role-playing assignment involving financial
planning. Details provided in class.
*STANDING HOMEWORK ASSIGNMENT – STUDY AND REVIEW EVERY DAY,
INCLUDING WEEKENDS/HOLIDAYS/BREAKS.*
AP MACROECONOMICS MATERIALS
Black AND blue pens, #2 pencils, yellow highlighter, 3-ring notebook with pockets, lined paper,
Five Steps to a Five, AP Macroeconomics Identifies List.
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SOCIAL STUDIES GRADING
100-90 = A
3.5-4.0 = A
80-89 = B
2.5-3.49 = B
70-79 = C
1.5-2.49 = C
60-69 = D
1.0-1.49 = D
0-59 = F
0.0-0.9 = F
SOCIAL STUDIES ATTENDANCE
- It is imperative students attend all classes and arrive on time for each class. Missing one day of class can
lead to missing an entire concept. Arranging for makeup work is the student’s responsibility.
- Students who arrive late or miss days that are excused must owe me that time in the mornings during their
off hours. As soon as the student returns from the excused absence, he/she must immediately arrange to
make up any work. If a student does not arrange for a makeup, then it will result in a zero for participation
and/or assignments.
- If a student is aware he/she will miss class time, the student is responsible for makeup work and arranging
the makeup time and work with me well in advance of the absence. This applies only to excused absences,
field trips, and excused tardies with parental notification.
- Unexcused absences and tardies will result in a zero for participation and/or assignments.
- Unexcused reasons for tardiness or missing class include, but are not limited to, late college class
dismissal, walking distance, eating/getting lunch, meetings with professors/advisors, and library study time.
- College assignments requiring missing class may not be allowed. Any requests must be given with prior
notification and proper documentation.
CLASSROOM ETIQUETTE
- Respect. It is my core belief in the classroom. We will respect one another. We will respect
the classroom, our duties, responsibilities, school, staff, students, and MOST
IMPORTANTLY, YOURSELF. You already have my respect and your responsibility is to
keep it throughout the year.
- Use of cell phones, iPads, iPods, and other electronic devices are prohibited unless we use them in class.
Set them to silent and place them in your bookbag or purse. If I see them in your hand, on your desk, on
your lap, it goes off and I hear them, they will be confiscated. Consider this the official warning for
electronic devices. If an electronic device is confiscated, the parent/guardian must arrange a meeting in
person to release the device. The device will be released to the parent, not the student. Repeat violations
will result in referrals, parent-teacher conferences, and possible suspension. Miami-Dade County Public
Schools does not prohibit students possessing electronic devices, but it prohibits the use of electronic
devices in the classroom.
ASSIGNMENTS DEADLINES AND CONDITIONS
- Homework assignments are due the time this class starts. If you do not know about the assignment,
you need to check my website everyday. - Homework assignments may be turned into me directly during
office hours, in my mailbox, or by e-mail when specified.
- Word of advice: Whether you do not fully complete the assignment or will miss the deadline, complete
and turn in your assignment. You will not receive full credit, but you may preserve my respect and your
dignity.
- All homework assignments are to be handwritten, unless otherwise notified.
- Assignments with no names or periods will be deemed incomplete and may not be awarded credit.
MORNING HOURS AND REQUIRED REMEDIATION
- Students are encouraged to visit me in my office during their off-hours between 9:00AM and 11:00 AM
to ask questions or discuss the course material.
- I ask students to take advantage of this opportunity, but also please do not abuse this opportunity.
- Students who are performing below expectations will be REQUIRED to attend scheduled sessions during
their off hours in the morning. The purpose for these sessions is to provide students the opportunity to
improve their academic status in the course and develop further understanding of the course’s concepts.
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ONLINE RESOURCES
www.econlowdown.org (These are on-line assignments from the Federal
Reserve Bank), you will be given a username and password for your
assignments, and watch FED Reserve and ACDC videos on all subjects
covered in Macroeconomics for homework. I also recommend my
department head’s websites for AP Government and AP Macro:
- http://jbapgovt.wikispaces.com/ for AP Government and
http://jbapecon.wikispaces.com for AP Macroeconomics.
RECOMMENDATION LETTERS
- NOTE: SAS teachers and staff are not required to write recommendation letters. Writing a
recommendation letter is a privilege for the student.
- I will not grant and will rescind letters of recommendation to students who earn a C or D or F in college
courses in any semester and SAS high school courses in any Nine Weeks.
- If I grant a recommendation letter request, students are required to e-mail me all details including
Common Application.
- I will e-mail deadlines for recommendation letter requests for college application deadline dates. I will
strictly adhere to these deadlines.
*****SPECIAL NOTE*****
THERE IS A ZERO-TOLERANCE FOR IMPROPRIETY. CHEATING AND
PLAGIARISM WILL NOT BE TOLERATED AT ALL. IMPROPRIETY INCLUDES,
BUT NOT LIMITED TO, COPYING ANSWERS, FORGING, LYING, AND
DECEPTION. PLEASE BE HONEST ACADEMICALLY AND GENERALLY.
ASSIGNMENTS WILL BE DILIGENTLY ASSESSED FOR ACADEMIC HONESTY
AND TESTING PROCEDURES WILL BE STRICTLY ENFORCED.