AP Macroeconomics

AP Macroeconomics Summer Work
This summer assignment will cover Unit 1 of AP Macroeconomics. The student will learn outside
of the classroom and be able to ask the teacher questions via Edmodo. This assignment should
not be arduous and should only take two days (of working diligently). One day to watch videos
and take notes, the second day for the vocabulary. Since Unit 1 will only cover 8 - 14% of the AP
Macroeconomics Exam, doing this project will allow more class time to focus and practice on the
crux of the test. Coming into class with this prior knowledge is a good way to begin the course.
Please follow the step-by-step guide to complete the summer assignment. If you have general
questions about the summer work, it would be best to post those to the Edmodo page. Another
student might have the same question. If you have any other questions, you can email me:
[email protected]
Step-by-Step Guide to Completion
Step 1: Set up your binder.
 Create a cover page for your binder (include the course name, your name and a
picture that relates to Economics in some way.)
 Create tabs for your dividers – labled “Vocabulary” – “Notes” – “Worksheets” –
“Free Resp./Graphs” – “Tests/Quizzes”
 Place lined paper in the Vocab, Notes, and Free Response/Graphs tabs.
 Place graph paper in the back where it will be accessible as needed.
Step 2: Join Edmodo (AP Macroeconomics Group). Email me for the group code (it changes
every 14 days)
Step 3: Write the definition for the following words in your binder:
1. Economics
2. Scarcity
3. Resource
4. Macroeconomics
5. Microeconomics
6. Positive Statement
7. Normative Statement
8. Comparative Advantage
9. Absolute Advantage
10. Economic Efficiency
Opportunity cost
Production Possibilities Frontier (curve)
Command Economy
Market Economy
The terms can be found using these 2 online dictionaries.
Watch these 3 videos and take down some notes on them. This will allow us to hit the ground running a
little faster and not take too much time on these topics.
Basic Concepts –
Circular Flow –
Production Possibility Curve https://www.youtube.com/watch?v=O6XL__2CDPU&list=PLD5BC727C84E254E5&index=2