AP® PRINCIPLES OF MACROECONOMICS COURSE
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The AP® Principles of Macroeconomics course contains 99 self-grading microlearning lessons that work instantly inside your Learning Management System (LMS).
The AP® Principles of Macroeconomics course covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is derived from OpenStax’s AP® Principles of Macroeconomics, which is listed on the College Board’s AP® example textbook list. It covers classical and Keynesian views, with a prominent section on the Expenditure-Output model to align to the AP®curriculum and includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts.
What is Advanced Placement (AP®)? Advanced Placement (AP) is a program in the United States and Canada created by the College Board, which offers college-level curricula and examinations to high school students.
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What Is Economics, and Why Is It Important?
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Microeconomics and Macroeconomics
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How Economists Use Theories and Models to Understand Economic Issues
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How Economies Can Be Organized: An Overview of Economic Systems
- Final Assessment
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How Individuals Make Choices Based on Their Budget Constraint
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The Production Possibilities Frontier and Social Choices
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Confronting Objections to the Economic Approach
- Final Assessment
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Demand, Supply, and Equilibrium in Markets for Goods and Services
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Shifts in Demand and Supply for Goods and Services
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Changes in Equilibrium Price and Quantity: The Four-Step Process
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Price Ceilings and Price Floors
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Demand, Supply, and Efficiency
- Final Assessment
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Demand and Supply at Work in Labor Markets
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Demand and Supply in Financial Markets
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The Market System as an Efficient Mechanism for Information
- Final Assessment
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Measuring the Size of the Economy: Gross Domestic Product
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Adjusting Nominal Values to Real Values
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Tracking Real GDP over Time
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Comparing GDP among Countries
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How Well GDP Measures the Well-Being of Society
- Final Assessment
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The Relatively Recent Arrival of Economic Growth
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Labor Productivity and Economic Growth
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Components of Economic Growth
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Economic Convergence
- Final Assessment
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How the Unemployment Rate is Defined and Computed
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Patterns of UnemploymentWhat Causes Changes in Unemployment over the Short Run
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What Causes Changes in Unemployment over the Long Run
- Final Assessment
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Tracking Inflation
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How Changes in the Cost of Living are Measured
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How the U.S. and Other Countries Experience Inflation
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The Confusion Over Inflation
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Indexing and Its Limitations
- Final Assessment
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Measuring Trade Balances
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Trade Balances in Historical and International Context
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Trade Balances and Flows of Financial Capital
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The National Saving and Investment Identity
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The Pros and Cons of Trade Deficits and Surpluses
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The Difference between Level of Trade and the Trade Balance
- Final Assessment
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Macroeconomic Perspectives on Demand and Supply
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Building a Model of Aggregate Demand and Aggregate Supply
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Shifts in Aggregate Supply
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Shifts in Aggregate Demand
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How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
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Keynes’ Law and Say’s Law in the AD/AS Model
- Final Assessment
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Aggregate Demand in Keynesian Analysis
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The Building Blocks of Keynesian Analysis
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The Phillips Curve
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The Keynesian Perspective on Market Forces
- Final Assessment
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The Building Blocks of Neoclassical Analysis
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The Policy Implications of the Neoclassical Perspective
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Balancing Keynesian and Neoclassical Models
- Final Assessment
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Defining Money by Its Functions
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Measuring Money: Currency, M1, and M2
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The Role of Banks
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How Banks Create Money
- Final Assessment
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The Federal Reserve Banking System and Central Banks
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Bank Regulation
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How a Central Bank Executes Monetary Policy
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Monetary Policy and Economic Outcomes
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Pitfalls for Monetary Policy
- Final Assessment
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How the Foreign Exchange Market Works
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Demand and Supply Shifts in Foreign Exchange Markets
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Macroeconomic Effects of Exchange Rates
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Exchange Rate Policies
- Final Assessment
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Government Spending
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Taxation
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Federal Deficits and the National Debt
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Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
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Automatic Stabilizers
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Practical Problems with Discretionary Fiscal Policy
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The Question of a Balanced Budget
- Final Assessment
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How Government Borrowing Affects Investment and the Trade Balance
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Fiscal Policy, Investment, and Economic Growth
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How Government Borrowing Affects Private Saving
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Fiscal Policy and the Trade Balance
- Final Assessment
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The Diversity of Countries and Economies across the World
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Improving Countries’ Standards of Living
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Causes of Unemployment around the World
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Causes of Inflation in Various Countries and Regions
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Balance of Trade Concerns
- Final Assessment
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