Welcome to AP Macroeconomics

 Class supplies-a binder and colored pencils

 Textbook: Krugman:  Macroeconomics

A supplemental reader, The Everything Economics Book  

Suggested Review book-5 steps to a 5, Princeton Review. 

Jacob Clifford- AcDc Economics-go to you-tube

AP Macroeconomics test- PM-There will a $30 fee per test (waiver available for free/reduced lunch students.)  5/14/20 at 12 noon

 AP Macro Syllabus

 Tips for reading a college textbook

Unit 1 – Basic Economic Concepts

Supply and Demand

Absolute and Comparative Advantage

Scarcity, Opportunity Cost and PPF 

Economic Systems 

Bitcoin 

 Unit 2 – Economic Indicators and the Business Cycle

 Gross Domestic Product

Unemployment

Consumer Price Index

Circular Flow  

Unit 3 – National Income and Price Determination

Fiscal Policy

Aggregates  Aggregate demand and Aggregate Supply

Multipliers

Unit 4-Financial Sector

Loanable Funds

Money, Banking and Fed

Multiple Deposit Expansion

The Money Market

Unit 5-Open Economy-International Trade and Finance

International Trade

Balance of Payments

Foreign Exchange

Unit 6-Long-Run Consequences of Stabilizaion policies

Phillips Curve

Federal Budget

Crowding Out/In

Monetary Equation of Exchange