AP Macroeconomics

From unemployment and inflation to government policy, macroeconomics studies the interconnectedness of economic forces and measures how they affect everyone. In this course, you’ll learn about the theories used to assess both national and international economies. Other topics include economic challenges and performance, supply and demand, banking, and much more. In short, you’ll get the behind the scenes skinny on why prices go up and down. This course is recommended for high school seniors who have completed US History and World History. Prerequisite: Basic Math skills. This is a single semester course.

Register for AP Macroeconomics

Basic and On Demand are always open for registration.

Plus courses are created upon request.

ONE-SEMESTER COURSE

Unit 1: Basic Economic Concepts

  • Scarcity
  • Opportunity Cost
  • Production Possibilities
  • Specialization and Comparative Advantage
  • Traditional, command, and market economies
  • Functions of Any Economic System

Unit 2: Supply and Demand

  • Demand
  • Supply
  • Equilibrium Price and Quantity
  • Price Floor and Price Ceiling

Unit 3: National Income and Price Determination

  • Gross Domestic Product and National Income Concepts
  • Aggregate Demand and Supply; National Income and Price Determination
  • Classical Theory and Keynesian Theory: An Introduction
  • Fiscal Policy

Unit 4: Measures of Economic Performance

  • Economic Growth and Productivity
  • Unemployment
  • Inflation
  • The Phillips Curve

Unit 5: Stabilization Policies and the Financial Sector

  • Money Defined
  • Money Market
  • Fractional Reserve Banking
  • Banks and Creation of Money
  • Loanable Funds Market
  • Monetary Policy: Tools of the Fed

Unit 6: Open Economy: International TradeThe Balance of Payments

  • The Balance of Payments
  • Foreign Exchange (FOREX)
  • Financial Capital Flows of Nations

Unit 7: Practice AP Test

  • Tips for the Course Review and AP Test