Advanced Placement (AP) Macroeconomics

Credit Hours: 0.5

Course Length: 1 Semester

Course Description

Macroeconomics is an emphasis on how the economic system works as a whole. Students study how the economy is measured by using concepts such as gross domestic product (GDP) and other indicators. They examine concepts such as inflation, unemployment, world trade patterns, and the role of the Federal Reserve Bank. Students engage in decision-making processes to create an environment where high employment and a higher standard of living are achievable by using the economic tools of fiscal and monetary policy. This course prepares students for the AP Exam in Macroeconomics.

Course Prerequisites

None

Required Textbook(s) and/or Materials

McConnell et al., Macroeconomics, 17th Edition (McGraw Hill 2008). ISBN # 978-0-07-327308-2

OR

McConnell et al., Economics: Principles, Problems, and Policies, 17th Edition (McGraw Hill 2008). ISBN # 978-0-07-312663-0
AND
Morton, AP Macroeconomics: Student Activity, 3rd Edition, (Nat l Council on Economics, 2003). ISBN: 1-56183-567-6

OR

McConnell et al., Macroeconomics, 19th Edition (McGraw Hill 2008). ISBN # 978-0-07-733772-8
AND
Morton, AP Macroeconomics: Student Activity, 3rd Edition, (Natl Council on Economics, 2003). ISBN: 1-56183-567-6

Course Outline

Unit 1: Introduction

Unit 2: Measuring Domestic Output and National Income

Unit 3: Basic Macroeconomic Relationships

Unit 4: Money and Banking

Unit 5: Extending the Analysis of Aggregate Supply

Unit 6: International Trade

AP Exam Review