Course title
AP Macro EconPre-requisite
Algebra I passing with a 70% or aboveCourse description
AP Macroeconomics will provide a thorough understanding of the principles of Economics that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price determination; and also develops familiarity with economic performance measures; economic growth; and international economics.
AP Macroeconomics is an introductory college-level course that focuses on the principles that apply to an economic system as a whole. The course places particular emphasis on the study of national income and price-level determination; it also develops students’ familiarity with economic performance measures; the financial sector; stabilization policies; economic growth; and international economics. Students learn to use graphs; charts; and data to analyze; describe; and explain economic concepts.
The AP Macroeconomics course provides students with a thorough understanding of the principles of economics and how economists use those principles to examine aggregate economic behavior. Students learn how the measures of economic performance; such as gross domestic product (GDP); inflation; and unemployment are constructed and how to apply them to evaluate the macroeconomic conditions of an economy. The course recognizes the global nature of economics and provides ample opportunities to examine the impact of international trade and finance on national economies. Various economic schools of thought are introduced as students consider solutions to economic problems.
Topic Outline for AP Macroeconomics
I. Basic Economic Concepts
II. Measurement of Economic Performance
a. National income accounts
b. Inflation measurement and adjustment
c. Unemployment
III. National Income and Price Determination
a. Aggregate demand
b. Aggregate supply
c. Macroeconomics equilibrium
IV. Financial Sector
a. Money; banking; and financial markets
b. Loanable funds market
c. Central bank and control of the money supply
V. Stabilization Policies
a. Fiscal and monetary policies
b. The Phillips curve
VI. Economic Growth
a. Definition of economic growth
b. Determinants of economic growth
c. Growth policy
VII. Open Economy: International Trade and Finance
a. Balance of payments accounts
b. Foreign exchange market
c. Imports; exports; and financial capital flows
d. Relationships between international and domestic financial and goods markets
Assessments
The AP Macroeconomics Exam questions measure students’ knowledge of macroeconomics principles and their ability to reason within the discipline.
• Questions require the use of economics content knowledge and reasoning across the range of course topics.
• Some questions require analysis of different hypothetical situations.
• Questions ask students to analyze unique scenarios using different course concepts.
• Some questions in the free-response section require graphical analysis.
AP Macroeconomics Research Project – History of U.S. Recessions: Students will identify and analyze the causes of the 2007 Recession and compare/contrast their data with another Post-Depression Era Recession. Students will conduct their research with the underlying theme that we can learn from the lessons of history so we are not bound to repeat it.
Assessments: Students are assessed through MyLab Quizzes; Unit Tests; PBL Outcomes and MC Tests; and the Research Project.
AP Exam Preparation: Students are required to create a Micro Exam Notebook. The notebook is created individually based upon an AP Micro Exam Study Guide and AP Micro Course Outline provided to students and will include terms with definitions; concept applications; and graphing practice. Once the Micro Exam Notebook is completed; students will practice previously released FRQ’s and MC Exams. The Final Exam for the course is the completion of a previously released AP Microeconomics Exam. This will serve as an indicator of success for the AP Microeconomics Exam.
Textbooks/Resources
Pearson textbook (Bade Parkin Foundations of Economics AP Edition; 7e) and accompanying TestPrep Workbook will be used to cover the course curriculum as outlined in the CollegeBoard AP Course Description.
Online component through Pearson MyLab
The Buck Institute Performance-Based Learning (PBL) Units.
School Country
United StatesSchool state
ArizonaSchool city
GlendaleSchool Address
6330 W. Thunderbird Rd.School zip code
85306Date submitted
Approved
YesApproved competency code
- SSCI
- 1 year of other Social Science