Lanier High School - AP Macroeconomics – Fall 2014
Unit 1: Basic Economic Concepts
I. Basic Economic Concepts (8 -12% of exam)
A. Scarcity, choice and opportunity costs
B. Production possibilities curve
C. Comparative advantage, specialization and
exchange
McConnell & Brue 14e
Economics
Chapter & Section
NCEE Workbook Activity +
Internet Links
D. Demand, supply, and market equilibrium
E. Macroeconomic issues : business cycle,
unemployment, inflation and growth
Introduction to course, Issue Books
8/26
What's economics? Scarcity, Factors of Production,
Trade-offs, Opportunity Cost
(M&B) Ch 1 w/ appendix
(M&B) Ch 2 pp 22-25
PowerPoint: Scarcity, Opportunity Cost & PPC
Counting Crows Music Video: Big Yellow Taxi
Production Possibilities Curve, Introduction to
economic growth
Activity 1
(M&B) Ch 2 pp 25 - 35
8/28
Economic Systems: Authoritarian & Democratic
Socialism v. Market Capitalism
Worksheet: PPC
PowerPoint: Economic Systems
8/29-9/2
Theory of Comparative Advantage, Gains from
trade, Introduction to net exports and barriers to
trade
Activity 2
(M&B) Ch 6
Internet: Trade Game
PowerPoint: Comparative Advantage
Worksheet: Trade Barriers
Thomas Friedman - The Other Side of Outsourcing
9/4
Trade FRQ
Review for Test 1
9/5
Test 1
Supply & Demand, Elasticity
9/9
(M&B) Ch 3 pp 42 - 51
Activities 3, 4, 5 & 6 in workbook
PowerPoint: Supply & Demand
Activity 7-B in workbook
Market Equilibrium
(M&B) Ch 3 pp 52 - 58
9/11-12
PowerPoint: Supply & Demand
Worksheet: Supply and Demand
Analysis
Internet: Supply & Demand
Practice
9/16
Supply & Demand FRQ
Review for Test 2
9/18
Test 2
Unit 2: Measurement of Economic Performance
II. Measurement of Economic Performance (12 16% of exam)
McConnell & Brue 15e
Economics
A. National income accounts
Chapter & Section
NCEE Workbook Activity +
Internet Links
B. Inflation measurement and adjustment
C. Unemployment
Activity 10
Debrief Test 2
(M&B) Ch 2 pp 35 - 37
9/19-23
Circular Flow and the Aggregate Economy
Internet: Understanding the
Circular Flow, GDP
PowerPoint: Circular Flow
Activities 11-C, & 12
GDP
(M&B) Ch 7
9/25
PowerPoint: GDP
Worksheet: Is it counted or not
counted in GDP
Internet: National Accounting
Activities11-A
16
17
Business Cycle and Unemployment
(M&B) Ch 8 pp 148 - 159
9/26
PowerPoint: Business Cycle & Unemployment
Worksheet: Labor Force &
Unemployment
Internet: Unemployment
Activities 11-B, 13 & 15
Price Level and Inflation
(M&B) Ch 8 pp 159 – 168
9/30
PowerPoint: Inflation, CPI, GDP deflator, Real v.
Nominal Interest Rates
10/2
Test 3 w/ FRQs
Worksheet: Inflation - Happy,
Sad or ?
Worksheet: Inflation and Price
Indexes
-
-
McConnell & Brue 15e
Economics
NCEE Workbook Activity +
Unit 3: National Income and Price Determination
III. National Income and Price Determination (10 15% of exam)
A. Aggregate demand
B. Aggregate supply
C. Macroeconomic equilibrium
Date
Unit 7: Open Economy: International Trade &
Finance
VII. Open Economy: International Trade and
Finance (10 - 15% of exam)
A. Balance of payments accounts
C. Net exports and capital flows
D. Links to financial and goods markets
Chapter & Section
Internet Links
Test 3 Debrief
Activity 20
Consumption, Savings and Loanable Fund
10/3-7
(M&B) Ch 9 pp 172 - 181
Quiz
PowerPoint: Consumption & Saving
Activity 22
PowerPoint: Loanable Funds Market
10/9
Loanable Funds, Investment and Crowding-Out
(M&B) Ch 9 pp 181 - 188
Internet: Loanable Funds
Worksheet: Loanable Funds and
Investment Demand
PowerPoint: Investment Demand
Loanable Funds FRQ
Balance of Payments
PowerPoint: Balance of Payments
10/10-14
(M&B) Skim Ch 37; Read Ch 38
pp 789 - 794
Activity 52
Worksheet: Balance of Payments
PowerPoint: Self-Correcting Balance of Trade
Quiz
Video Lesson: Balance of Payments
Balance of Payments FRQ
(M&B) Ch 38 pp 794 - 809
Foreign Exchange Market
10/16
Activities 53-B
And 54
Worksheet: Foreign Exchange
PowerPoint: Foreign Exchange
Internet: Foreign Exchange
FOREX FRQ
Multipliers
10/17-21
PowerPoint: Multipliers
(M&B) Ch 10 pp 199 - 204
(M&B) Ch 11 pp 221 - 227
Activity 21
Activity 23
Aggregate Demand
PowerPoint: Aggregate Demand
Multiplier FRQ
Aggregate Supply, Classical v. Keynesian
10/23
(M&B) Ch 11 pp 227 - 232
Activity 24
PowerPoint: Aggregate Supply
Macroeconomic Equilibrium
Activities 25 & 27
PowerPoint: AS/AD Model
(M&B) Ch 11 pp 233 - 239
10/24
Internet: AS/AD Model
Video Lesson: AS/AD Model
10/28
Recessions, Stagflation, Inflation & Macroeconomic
Equilibrium in the Long-Run, The Self-correcting
Economy
(M&B) Ch 16 pp 330 - 336
Activity 28
PowerPoint: AS/AD Model
Internet: AS/AD Model
Video Lesson: Self-correcting Economy
10/30
10/31
Test 4 w/ FRQs
-
-
The Phillips Curve & Expectations
(M&B) Ch 16 pp 336 - 342
Activity 46
PowerPoint: Phillips Curve
Internet: Phillip's Curve
Phillips Curve FRQ
11/4
Fiscal Policy, Crowding Out & Net Export Effects
(M&B) Ch 12 pp 243 - 256
Activity 30 & 31
Quiz
PowerPoint: Mechanics of Fiscal Policy
Unit 4: Financial Sector
IV. Financial Sector (15 - 20% of exam)
Date
A. Money, banking, and financial markets
McConnell & Brue 15e
Economics
Chapter & Section
NCEE Workbook Activity +
Internet Links
B. Central bank and control of the money supply
Fiscal Policy FRQ
Money, The Money Market
(M&B) Ch 13 pp 264 - 275
Activities 35 & 39
11/6
PowerPoint: Money
Internet: Money Market
PowerPoint: Money Market
Money Market FRQ
Banking and Multiple Deposit Expansion
(M&B) Ch 14
11/7-13
Activity 37
Internet: The Creation of Money Recollections of Pine Gulch
PowerPoint: Multiple Deposit Expansion
Video Lesson: Money Creation
Multiple Deposit Expansion FRQ
Activities 38, 40 & 42
Monetary Policy
(M&B) Ch 15
11/14
PowerPoint: Mechanics of Monetary Policy
Video Lesson: Mechanics of Monetary Policy (15
min.) Video Lesson: Graphing Monetary Policy (5
min.)
Internet: Fed Chairman Game
Unit 5: Inflation, Unemployment & Stabilization
Policies
V. Inflation, Unemployment, and Stabilization
Policies (20 - 30% of exam)
A. Fiscal and monetary policies
B. Inflation and unemployment (Covered in
Previous Units)
Date
Unit 6: Economic Growth
VI. Economic Growth and Productivity (5 - 10% of
exam)
McConnell & Brue 15e
Economics
Chapter & Section
NCEE Workbook Activity +
Internet Links
A. Investment in human capital
B. Investment in physical capital
C. Research and development, and technological
progress
D. Growth policy
Monetary Policy FRQ
(M&B) Ch 17
11/18
Activities 36, 41, 43 & 45
Fiscal & Monetary Policy Combinations
Quiz
Quantity Theory of Money, Real v. Nominal Interest
11/20
Fiscal/Monetary FRQ
(M&B) Ch 12 pp 257-258; Ch 16
pp 343 - 345
Supply Side Economics, The Laffer Curve
Economic Growth & The Effects of Government
Debt
11/21-25
Worksheet:Laffer Curve
Quiz
(M&B) Ch 18 & 19
Video: The $100 Laptop in Nigeria
Activities 29 & 47
Quiz
PowerPoint: Economic Growth and Productivity
12/2
Test 5 w/ FRQs
Date
Unit: Review For AP Macroeconomics Exam +
Personal Finance
-
-
McConnell & Brue 15e
Economics
NCEE Workbook Activity +
Chapter & Section
Internet Links
12/4
Review Unit 1
-
AP Macro Review
12/5
Review Unit 2
-
AP Macro Review
12/9
Review Unit 3
-
AP Macro Review
12/11
Review Unit 4
-
AP Macro Review
12/12
Review Unit 5
12/15-18
Final Exams
TBA
AP Macro Spring Review Sessions
5/14 12 pm
AP Macroeconomics EXAM
AP Macro Review