AP Macroeconomics-Scope and Sequence © Robin Foster
Unit 1-Basic Economic Concepts
1
2
Objective (SWBAT)
Understand course
expectations and
syllabus
Define and explain
trade-offs and
opportunity costs
Agenda
Introduction
Go over syllabus
Reading
Assessment
Powerpoint: Scarcity,
Opportunity Cost, PPF
Mayer pg. 1-8
M&B-Ch 1
w/appendix
Unit 1 Exam
Economic goals
worksheet
M&B-Ch 2 pg.
22-25
5/5-Ch 1 pg.
39-42
3
4
Understand and
use the PPF model
to evaluate
opportunity cost
and the level of
employment in the
economy.
Distinguish
between absolute
and comparative
advantage; apply
the principle of
comparative
advantage to
determine mutually
beneficial terms of
trade, identify
comparative
advantage from
differences in
opportunity cost
NCEE workbook activity
pp 5-8
PPF Gallery Walk
Powerpoint-Comparative
advantage
5/5-2-Ch 5 pg.
49-53
M&B-Ch 2 pg.
25-34
5/5 Ch 1 pp
42-44; 47-49
5/5-2 Ch 5 pg.
53-55; 58-59
Mayer pg. 919
Practice trade FRQ in
small groups
Unit 1 Exam
Trade FRQ
M&B-Ch 6
NCEE Workbook pg. 1214
Unit 1 Exam
5/5 Ch 1. Pg.
45-47
5/5-2 Ch. 5 pg
55-57
5
Identify the
functions formed by
an economic
system
Trade FRQ
Mayer pg. 2128
Unit 1
Exam
Mayer pg. 2936
Unit 1 Exam
Trade barriers worksheet
Powerpoint-Economic
systems
Compare/contrast
Command and Market
Economies
6
Define money,
identify
characteristics and
functions of money,
classify money as
either M1 or M2
Read Trade FRQ
Powerpoint-Money
NCEE workbook activity
pg. 184-189
M&B Ch 13.
Pg 244-254
5/5 Ch 12 pg.
212-217
7
8
Understand and
calculate the time
value of money,
understand the
difference between
nominal and real
interest rates
(Fisher effect)
Understand how
fractional reserve
banking functions to
create money in the
economy. Calculate
the money multiplier.
Determine the effects
of Federal Reserve
policy decisions on
bank balance sheets,
loans in the banking
system and the
money supply.
Powerpoint-Money
Practice FRQ’s-Nominal
vs. Real interest rates
5/5-2 Ch 16
pg. 232-238
Mayer pg. 3739
Unit 1 Exam
M&B-Ch 13
pg. 244-254
5/5-Ch 12 pg.
212-217
Powerpoint-Multiple
Deposit Expansion
NCEE Workbook pg. 195
Practice FRQ’s in pairs
5/5-2-Ch 16
pg. 232-238
Mayer pg. 3947
M&B Ch. 14
5/5 Ch 12 pg.
218-220
5/5-2 Ch 16
pg. 239-241
Unit 1 Exam
Multiple
deposit
expansionFRQ
9
10
11
Understand how
fractional reserve
banking functions
to create money in
the economy.
Calculate the
money multiplier.
Determine the
effects of Federal
Reserve policy
decisions on bank
balance sheets,
loans in the
banking system
and the money
supply.
Review prior
lessons in
preparation for the
exam.
Demonstrate
mastery (70%) of
all content learned
in Unit 1
Powerpoint-Multiple
Deposit Expansion
Mayer pg. 3947
NCEE Workbook pg. 195
M&B Ch. 14
Practice FRQ’s in pairs
5/5 Ch 12 pg.
218-220
Unit 1 Exam
Multiple
deposit
expansionFRQ
5/5-2 Ch 16
pg. 239-241
Read Multiple Deposit
FRQ
Mayer pg. 147
Practice AP MC
Review
Unit 1 exam
Mayer pg. 147
Unit 1 Exam
Unit 2- Markets
Date
1
2
3
Objective (SWBAT)
Understand and
graph demand.
Know the
determinants of
demand and
demonstrate the
effects of changes
in determinants on
demand.
Differentiate
between movement
along and
movement of the
demand curve.
Understand and
graph supply.
Know the
determinants of
supply and
demonstrate the
effects of changes
in determinants on
supply.
Differentiate
between movement
along and
movement of the
supply curve.
Determine how
equilibrium price
and quantity are
determined in a
competitive market
Evaluate how
changes in supply
and demand
determinants affect
equilibrium price
and quantity in a
competitive market
Agenda
Debrief Unit 1 exam
Powerpoint-Supply and
Demand
Video Lesson: Supply
and Demand
Reading
Mayer g. 4955
Assessment
Unit 2 Exam
S&D FRQ
M&B Ch. 3 pg.
40-49
5/5-Ch 2 pg.
52-61
NCEE workbook-pg. 19
5/5-2 Ch 6 pg.
63-72
Powerpoint-Supply and
Demand
Mayer pg. 5662
Unit 2 Exam
S&D FRQ
Video Lesson: Supply
and Demand
M&B Ch 3 pg.
49-55
NCEE workbook-pg 25,
29-31
5/5 Ch 2 pg.
61-66
5/5-2 Ch 6 pg.
72-77
Powerpoint-Supply and
Demand
Mayer pg. 4962
Video Lesson-Supply and
Demand
M&B Ch 3 pg.
49-55
S&D practice
5/5 Ch 2 pg.
61-66
Unit 2 Exam
S&D FRQ
Begin Supply and
Demand forced march!!
5/5-2 Ch 6 pg.
72-77
4
5
6
7
Evaluate how
changes in supply
and demand
determinants affect
equilibrium price
and quantity in a
competitive market
Begin forced march, single Mayer pg. 49file lines please!!!
62
Unit 2 Exam
S&D FRQ
M&B Ch 3 pg.
49-55
5/5 Ch 2 pg.
61-66
Demonstrate the
effects of price
floors and price
ceilings on
competitive
markets and
understand the
development of
“black markets”.
S&D FRQ
Understand the
loanable funds theory
of interest rate
determination in an
open, competitive
market. Connect
changes in saving
and borrowing
behaviors to changes
in the loanable funds
market in and the
real interest rate
Understand the
liquidity preference
theory of interest rate
determination in the
money market.
Evaluate the effects
of Federal Reserve
policy on the money
supply and changes
in nominal GDP on
the demand for
money. Understand
the components of
money demand.
Contrast the money
market with the
loanable funds market.
Read S&D FRQ
5/5-2 Ch 6 pg.
72-77
Mayer pg. 8796
Powerpoint-Supply and
Demand
Price
Floor/ceiling
FRQ
Mayer pg. 9799
Price Floors/Ceilings FRQ
Powerpoint-Loanable
Funds
Loanable Funds
worksheet
Read S&D FRQ
Read Price Floor/Ceilings
FRQ
M&B Ch 9 pg.
166-172
Money Market worksheet
Unit 2 Exam
Loanable
Funds FRQ
5/5 Ch 9 pg.
174-177
5/5-2 Ch. 13
pg. 191-194
Mayer pg. 99107
M&B Ch 13
pg. 244-254
Loanable Funds FRQ
Powerpoint: Money
Market
Unit 2 Exam
5/5 Ch 12 pg.
212-217
5/5-2 Ch 16
pg. 232-238
Unit 2 Exam
Money
Market FRQ
8
9
10
11
Determine who
exchange rates
come about in the
foreign exchange
market.
Understand the
factors that affect
supply and demand
for currency.
Connect changes in
trade and financial
flows with changes
in the exchange
rate
Classify and
calculate the
different
components in the
Balance of
Payments…
Connect changes in
the balance of
payments with
changes in the
goods, loanable
funds an foreign
exchange markets
Review prior
lessons in
preparation for
exam
Demonstrate
mastery of all
content learned in
Unit 2
Read Price floors/ceiling
FRQ
Money Market FRQ
Powerpoint: Foreign
exchange
Foreign exchange
worksheet
Mayer pg 109114
M&B Ch 38
pg. 756-769
Unit 2 Exam
FOREX
FRQ
5/5 Ch 13 pg.
234-237
5/5-2 Ch 17
pg. 255-258
Video Lesson #1: The
Frenchman and the
Sombrero
Video Lesson #2: Let’s
Buy German
FOREX FRQ
Powerpoint-Balance of
Payments
Balance of Payments
Worksheet
NCEE pg. 302
Video Lesson: Balance of
Payments
Powerpoint: Self
Correcting Balance of
Trade
Read FRQ’s
Practice AP MC
Unit 2 Exam
Mayer pg.
114-119
M&B skim Ch.
37, read Ch
38 pg. 752756
Unit 2 Exam
Balance of
Payments
FRQ
5/5 Ch. 13 pg.
228-234; 237239
5/5-2 Ch 17
pg. 249-255;
258-260
Mayer pg. 4962; 87-119
Unit 2 Exam
Unit 3-Measuring Economic Performance
Date
1
Objective (SWBAT)
Relate the private,
public, foreign and
financial sectors of
the economy using
the circular flow
model
Agenda
Powerpoint-circular flow
Reading
Mayer pg.
121-128
Assessment
Unit 3 Exam
3D circular flow
M&B Ch 2 pg.
34-35
5/5-Ch 8 pg.
153-154
2
3
Define real Gross
Domestic Product
and calculate real
GDP using the
expenditure and
income approach.
Classify
expenditures and
income
Powerpoint-GDP
Differentiate
between real and
nominal GDP.
Deflate nominal
GDP to arrive at
real GDP.
Powerpoint-GDP
5/5-2 Ch. 12
pg. 169-171
Mayer pg.
129-137
Counted or not?
Unit 3 Exam
GDP FRQ
M&B Ch. 7
NCEE Workbook pg. 7173
NCEE Workbook pg. 6870
5/5 Ch 8 pg.
155-160
5/5-2 Ch 12
pg. 171-176
Mayer pg.
137-141
Unit 3 Exam
GDP FRQ
M&B Ch. 7
5/5 Ch 8 pg.
155-160
5/5-2 Ch 12
pg. 171-176
4
Define, classify
various labor force
measures
GDP-FRQ
Students figure out
unemployment activity
Powerpoint-Business
Cycle and Unemployment
Classifying Unemployment
NCEE Workbook pg.
85,87
Mayer pg. 143149
M&B Ch 8 pg.
136-146
5/5 Ch 8 pg.
160-161; 165166
5/5-2 Ch 12 pg.
176-177; 181183
Unit 3 Exam
Unemp.
FRQ
5
6.
7
Differentiate
between actual
unemployment and
natural rate of
unemployment and
the factors that
influence each.
Understand
criticisms of
unemployment
statistics.
Real GDP FRQ
Understand
inflation and how it
is measured.
Evaluate the cost of
inflation by
constructing price
indices. Know the
difference between
various inflation
measures and the
criticisms of each
Determine the
beneficiaries and
victims of
unanticipated
inflation
Read GDP FRQ
8
Review prior
lessons in
preparation for
exam
9
Demonstrate
mastery of Unit 3
content
Powerpoint-Business
Cycle and Unemployment
Mayer pg.
149-152
M&B Ch 8 pg.
136-146
Unit 3 Exam
Unemp
FRQ
5/5 Ch. 8 pg
160-161; 165166
5/5-2 Ch 12
pg. 176-177;
181-183
Mayer pg.
153-163
Unemployment FRQ
NCEE Workbook pg. 68,
pg 75-76
M&B Ch 8 pg.
146-154
Unit 3 exam
Inflation
FRQ
5/5 Ch 8 pg.
161-164
5/5-2 Ch 12
pg 177-181
Read Unemployment FRQ Mayer pg.
158-160
Inflation Monster
M&B Ch 8 pg.
Winners and losers from
146-154
inflation
5/5-Ch 8 pg.
161-164
5/5-2 Ch 12
pg. 177-181
Read Unemployment FRQ Mayer pg.
121-160
Inflation FRQ
Practice AP MC
Unit 3 exam
Mayer pg.
121-160
Unit 3 Exam
Inflation
FRQ
Unit 3 exam
Unit 4-Determining National Income
Date
1
2
3
Objective (SWBAT)
Describe the
determinants of
consumption and
savings. Calculate
both average and
marginal
propensities to
consume.
Understand the
determinants of
gross private
investment.
Combine net
investment and
depreciation to
arrive at gross
investment. Graph
the investment
demand model
Calculate spending
and tax multipliers
Understand
balanced budget
multiplier
Agenda
Debrief unit 3 exam
Reading
Mayer pg.
132-134
Assessment
Unit 4 Exam
Read Inflation FRQ
Powerpoint Consumption
and Savings
NCEE Workbook pg 111112
M&B Ch 9 pg.
159-166
5/5 Ch 9 pg.
170-174
Powerpoint-Investment
Demand
5/5-2 Ch 13
pg. 187-191
Mayer pg.
134-135
NCEE workbook pg. 119121
M&B Ch 9 pg.
166-172
Unit 4 Exam
5/5 Ch 9 pg.
174-177
Powerpoint –Multipliers
NCEE Workbook pg. 116117
5/5-2 Ch 13
pg. 191-194
Mayer pg.
172-173
M&B Ch 10
pg. 182-186;
Ch 11 pg.
203-209
5/5 Ch 9 pg
177-180; Ch
10 pg 183-186
5/5-2 Ch 13
pg 194-197;
Ch 14 pg 201204
Unit 4 Exam
Multiplier
FRQ
4
Understand and
graph the
aggregate demand
curve
Multipliers FRQ
Powerpoint-Aggregate
Demand
NCEE workbook pg. 123125
Mayer pg.
172-173
Unit 4 Exam
AD/AS FRQ
M&B Ch 10
pg. 182-186;
Ch 11 pg.
203-209
5/5 Ch 9 pg
177-180; Ch
10 pg 183-186
5/5-2 Ch 13
pg 194-197;
Ch 14 pg 201204
5
6
Understand and
graph the short run
and long run
aggregate supply
curve. Determine
national output and
the average price
level using the
aggregate
supply/aggregate
demand model
Use the AD/AS
model to illustrate
demand pull and
cost push inflation.
Graph initial
conditions for an
economy in a
recession, fullemployment and
inflationary gap
Read multipliers FRQ
Powerpoint-Aggregate
Supply
Mayer pg.
167-169
Unit 4 Exam
AD/AS FRQ
M&B Ch 11 pg
209-213
Powerpoint-AD/AS model
5/5 Ch 10 pg.
186-188
Video Lesson-AD/AS
model
NCEE Workbook pg. 128129 Part B
Read multipliers FRQ
5/5-2 Ch 14
pg.. 204-207
M&B Ch 11
pg. 214-220
Powerpoint-AD/AS model
Video Lesson-AD/AS
model
NCEE workshop pg 131134
Unit 4 Exam
AD/AS FRQ
5/5 Ch 10 pg.
188-194
5/5-2 Ch 14
pg. 207-212
7
8
9
Understand how
classical and
Keynesian
assumptions
influence the
outcomes in the
AD/AS model
Use the Phillips
Curve to
understand the
inflation,
unemployment
trade-off that may
or may not exist.
Relate the AD/AS
model to the
Phillips Curve
Analyze the Phillips
Curve o show the
transition from the
short run to the
long run.
AD/AS FRQ
Powerpoint-AD/AS model
Video lesson-self
correcting economy
Keynesian/Classical Venn
Read AD/AS FRQ
Review prior
lessons in
preparation for
exam
M&B Ch 16
pg. 306-311
Mayer pg.
173-175
AD/AS FRQ #2
Powerpoint-Phillips Curve
M&B Ch 16
pg. 311-316
Read AD/AS FRQ
5/5-2 Ch 14
pg. 212-215
Mayer pg.
173-175
Read AD/AS FRQ #2
Phillips Curve FRQ
Read AD/AS 2 FRQ
M&B Ch 16
pg. 311-316
Demonstrate
mastery of all
content in Unit 4
AD/AS FRQ
#2
Unit 4 Exam
Phillips
Curve FRQ
5/5-2 Ch 14
pg. 212-215
Mayer pg 132175
Read Phillips Curve FRQ
Practice AP MC
Unit 4 Exam
Read Phillips Curve FRQ
Phillips Curve 2 FRQ
Unit 4 Exam
Phillips
Curve 2
FRQ
5/5 Ch 10 pg.
194-197
Phillips Curve 2 FRQ
11
Unit 4 Exam
5/5 Ch 10 pg.
194-197
Powerpoint-Phillips Curve
10
Mayer pg 170173
Mayer pg 132175
Unit 4 Exam
Unit 5-Stabilization Policy and Economic Growth
Date
1
2
3
4
Objective (SWBAT)
Analyze the impact
of fiscal policy on
the AD/AS model
and Phillips curves.
Determine the
effects of fiscal
policy on the
government’s
budget balance.
Define crowding
out. Differentiate
between short run
and long run effects
Analyze the impact
of monetary policy
on the AD/AS
model and Phillips
Curves.
Differentiate
between short run
and long run effects
Understand the
monetary equation
of exchange and
the effects of
changes in the
money supply on
the price level and
real GDP.
Analyze the
combined effects of
fiscal policy on the
economy and
financial markets
Agenda
Debrief unit 4 exam
Reading
Mayer pg 171173
Read Phillips FRQ 2
Fiscal
M&B Ch 12 pg Policy FRQ
224-226
Powerpoint-Mechanics of
Fiscal Policy
NCEE Workbook pg 152153; 156
Assessment
Unit 5 Exam
5/5 Ch 11 pg
200-206
5/5-2 Ch 15
pg. 219-225
Fiscal policy FRQ
Powerpoint-Mechanics of
Fiscal Policy
NCEE Workbook pg. 203
Video Lesson-Mechanics
of Monetary Policy
Mayer pg.
177-187
M&B Ch 15
Unit 5 Exam
Monetary
Policy FRQ
5/5 Ch 12
pg.220-223
5/5-2 Ch 16
pg 241-244
Video Lesson-Graphing
Monetary Policy
Read Fiscal policy FRQ
M&B Ch 19
Read Monetary policy
FRQ
5/5 Ch 12 pg
223-225
NCEE Workbook pg. 191192 part A
5/5-2 Ch 16
pg 224-246
Read Fiscal policy FRQ
Mayer pg 185186
Read Monetary Policy
FRQ
M&B Ch 19
NCEE Workbook pg 239240; pg 245-248
5/5 Ch 12 pg
223-225
5/5-2 Ch 16
pg 224-246
Unit 5 Exam
Unit 5 Exam
Policy Mix
FRQ
5
Understand the
effects of supply
side policies on the
economy
Read Monetary Policy
FRQ
Policy Mix FRQ
Keynote-Supply Side
Economics
Mayer pg 180197
Unit 5 Exam
Supply Side
M&B Ch 12 pg FRQ
236-237; Ch
16 pg 317-320
5/5 Ch 11 pg
208-209
6
Understand the
determinants of
economic growth.
Illustrate growth
using both the PPF
and AD/AS models
Read Policy Mix FRQ
5/5-2 Ch 15
pg 227-229
Mayer pg 199208
Supply Side FRQ
Powerpoint-Economic
Growth and Productivity
NCEE Workbook pg 148149; 258-260
M&B Ch 17
and 18
5/5 Ch 11 pg
206-208
5/5-2 Ch 15
pg 225-227
7
8
Review prior
lessons in
preparation for
exam
Demonstrate
Mastery of all
content
Read FRQ’s
Economic Growth FRQ
Practice AP MC
Released Exam
Mayer pg.
171-208
Unit 5 Exam
Economic
Growth
FRQ