AP Macroeconomics i
Text: Ray, Margaret, and David Anderson. Krugman's Macroeconomics for AP . New York: Worth
Publishers/BFW, 2011.
Video Series: Econ U$A series with Discussion
Class Activities/Work:

Completion of graphing and interpretation exercises in Morton, John S. Advanced Placement
Economics , 3rd ed. New York, NY: National Council on Economic Education, 2003 and additional exercises from the NCEE and other sources as necessary.

Selected readings, assignments and discussions from Anderson, David. Economics by Example . New
York: Worth, 2007.
Course Description:
“The purpose of this AP course in Macroeconomics is to give students a thorough understanding of the principles of economics that apply to an economic system as a whole. Such a course places particular emphasis on the study of national income and price-level determination, and also develops students' familiarity with economic performance measures, the financial sector, stabilization policies, economic growth, and international economics.” (AP Course Description Manual 2010)
Text/Materials You Need For Class
 iPad
Classroom Rules

Follow all Reading High School rules outlined in your student manual.

Do not in any way disrupt the learning environment for yourself or others. (If you are on YouTube or surfing the Internet when you should not be it is an automatic detention)
Course Outline
% of AP Test
Unit 1
8-12% of AP
Topic
Section 1
Basic Economic Concepts
Morton /
Module 1: The Study of Economics
Module 2: Introduction to Macroeconomics
Module 3: The Production Possibilities Curve Model
Module 4: Comparative Advantage and Trade
Section 2
Module 5: Introduction to Demand
Module 6: Supply and Equilibrium
Module 7: Changes in Equilibrium
Module 8: Price Controls (If we have Time)
(Anderson)
17
Activities
(Ch. 1)
1 and 2 Part A
2 Part B, 49, 50
3 and 4
5 and 6
7
(Ch. 3)
Unit 2
12-16% of AP Measurement of Economic Performance
Section 3
Module 10: The Circular Flow and GDP
Module 11: Interpreting RGDP
Module 12: The Meaning and Calculation of Unemployment
Module 13: The Causes and Categories of Unemployment
Module 14: Inflation: An Overview
13
(Ch. 21)
10 and 12
11 Part C
11 Part A
16
11 Part B
Unit 3
10-15% of AP
Module 15: The Measurement and Calculation of Inflation
National Income and Price Determination
Section 4
Module 16: Income and Expenditures
Module 17: AD: Introduction and Determinants
Module 18: AS: Introduction and Determinants
(Ch. 25)
20 and 21
23
24 and 29

Module 19: Equilibrium in the AD/AS Model
Module 20: Economic Policy and the AD/AS Model
Module 21: Fiscal Policy and the Multiplier
Unit 4
15-20% of AP
Section 5
Financial Sector
Module 24: The Time Value of Money
Module 22: Saving, Investment and the Financial System
Module 23: The Definition and Measurement of Money
Module 25: Banking and Money Creation
Module 26: The Fed. History and Structure
Module 27: The Fed. Monetary Policy
Module 28: The Money Market
Module 29: The Market for Loanable Funds
25 and 28
27, 30, 43 and 45
31
(Ch. 22)
34 and 35
37
38
40
39
41 and 44
Unit 5
20-30% of AP Inflation, Unemployment and Stabilization Policies
Section 6
Module 30: Long Run Implications of Fiscal Policy:
Deficits and the Public Debt
Module 31: Monetary Policy and the interest Rate
Module 32: Money, Output and Prices in the Long Run
Module 33: Types of Inflation, Disinflation and Deflation
43
42
Unit 6
Module 34: Inflation and Unemployment: The Phillips Curve 46
Module 35: History and Alternative Views of Macroeconomics 48
Module 36: The Modern Macroeconomic Consensus
5-10% of AP Economic Growth and Productivity
Section 7
Module 37: Long Run Economic Growth
Module 38: Productivity and Growth
Module 39: Growth Policy: Why Economic Growth Rates Differ
Module 40: Economic Growth in Macroeconomic Models
Unit 7
47
(Ch. 26)
(Ch. 28)
10-15% of AP Open Economy: International Trade and Finance
Section 8
Module 41: Capital Flows and the Balance of Payments
Module 42: The Foreign Exchange Market
Module 43: Exchange Rate Policy
Module 44: Exchange Rates and Macroeconomic Policy
(Ch. 27)
51 and 52
53
54 and 55
Module 45: Putting it All Together

There will be 9 Tests during this course (8 Section Exams and a Graphing Exam), as well as various quizzes as necessary.

It is expected that all students will take the AP Macroeconomics exam scheduled in May.
There will be review sessions. It is expected that students will be at a minimum of 65% of these review days. Review will include test taking strategy and practice tests as well as content review.
i This is an approved syllabus used for an authorized AP Macroeconomics course , as defined by the College Board:
Approved Syllabus: An approved syllabus is one that has been reviewed by a certified AP Course Audit reviewer and found to include evidence that all AP curricular requirements are addressed.

Authorized Course: A course with a finalized Course Audit form and an approved syllabus is authorized to use the “AP” designation on student transcripts.
Course Audit Form: This online form lists all curricular and resource requirements of the AP course. Through AP Course
Audit accounts, it is completed by the teacher, submitted for school administrator approval, and completed and finalized by the school administrator.