AP Macroeconomics Course
AP Macroeconomics Course The course in AP Macroeconomics is designed to be a one semester, college-level course. This class is taken as Part II of a combined full year AP Micro and Macro program. As a goal, this course is designed to prepare students for success on the AP Macroeconomics exam that is taken in May. AP Macroeconomics emphasizes economic principles as applied to the economy as a whole. Topics covered in the course are aligned with the AP Macroeconomic Course Description outlined by the College Board. The course will provide instruction in each of the following seven topics • Basic economic concepts • Measurement of economic performance • National income and price determination • Financial sector • Inflation, unemployment, and stabilization policies • Economic growth and productivity • Open economy: international trade and finance Text Used Bade, and Michael Parkin. Foundations of Econmics (AP Edition), Pearson/Addison Wesley, 2007. Supplemental Text Morton, John. Advanced Placement Economics Macroeconomics Student Activities, 3rd ed. New York: National Council on Economic Education, 2003 Additional Readings Wheelan, Charles. Naked Economics, Undressing the Dismal Science. Norton Press 2002 Wall Street Journal The Economist Web Resources • http://www.reffonomics.com • http://www.ncee.net • Teacher web page Assessments Section Quizzes 30% Unit Test 30% Homework (Problem sets, readings, worksheets) 20% Project 10% Participation 10% Unit One: Basic Economic Concepts (3 weeks) • Scarcity, choice, and opportunity cost • Production possibilities curve • Comparative advantage, absolute advantage, specialization and exchange • Demand, supply, and market equilibrium • Macroeconomic topics: Circular Flow, business cycles, unemployment inflation. Unit One Key Concepts and Graphs Concepts: The economic way of thinking, micro vs.
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