AP Macroeconomics - Reading Community Schools

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Oct 28, 2013 (3 years and 10 months ago)

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AP Ma
croeconomics
i


Text:

Ray, Margaret, and David Anderson.
Krugman's Macroeconomics for AP
. New York: Worth
Publishers/BFW, 2011.

Video Series:

Econ U$A series with Discussion

Class Activities
/Work
:




Completion of
graphing and interpretation
exercises in

Morton, John S.
Advanced P
lacement
Economics
,
3rd ed. New York, NY: National Council on Economic Education, 2003

and
additional

exercises

from the NCEE a
nd

other sources

as necessary.



Selected readings, assignments and discussions from
Anderson, David.
Ec
onomics by Example
. New
York: Worth, 2007.

Course Description:


The purpose of this

AP course in
M
a
croeconomics is to give students a thorough

understanding of the
principles of economics that apply to
an economic system as a whole
.
Such a course

places p
articular

emphasis
on the
study of national income and price
-
level determination, and also develops students' familiarity with
economic performance measures, the financial sector, stabilization policies, economic growth, and international
economics.


(A
P C
ourse Description Manual 2010
)


Course Outline

% of AP Test


Topic








Morton

/
(
Anderson
)

Activities

Unit
1









8
-
12% of AP


Basic Economic Concepts










Section 1










(Ch. 1)




Module 1: The Study of Economics




Module 2: Introd
uction to Macroeconomics




17





Module 3: The Production Possibilities Curve Model


1 and 2 Part A




Module 4: Comparative Advantage and Trade



2 Part B
, 49, 50



Section 2










(Ch. 3)




Module 5: Introduction to Demand





3 and 4





Module 6:

Supply and Equilibrium





5 and 6




Module 7: Changes in Equilibrium





7




Module 8: Price Controls (If we have Time)

Unit
2









12
-
16
% of AP


Measurement of Economic Performance







Section 3










(Ch. 21)




Module 10: The Circular Flow a
nd GDP




10 and 12




Module 11: Interpreting RGDP





11 Part C




Module 12: The Meaning and Calculation of Unemployment

11 Part A




Module 13: The Causes and Categories of Unemployment


16




Module 14: Inflation: An Overview





11 Part B




Module 1
5: The Measurement and Calculation of Inflation


13

Unit 3










10
-
15%

of AP


National Income and Price Determination



Section 4










(Ch. 25)




Module 16: Income and Expenditures




20 and 21




Module 17: AD:
Introduction and Determinants



23




Module 18: AS: Introduction and Determinants



24

and 29






Module 19
: Equilibrium in the AD/AS

Model



25

and 28




Module 20: Economic Policy and the AD/AS Model


27
,

30
, 43 and 45




Module 21: Fiscal Policy and the Multiplier




31



Unit 4










15
-
20
% of AP


Financial Sector







Section 5










(Ch. 22)

Module 22: Saving, Investment and the Financial System






Module 23: The Definition and Measurement of Money


34 and 35




Module 24: The Time Value of Money




Module 25: Banking and Mo
ney Creation




37




Module 26:
The Fed. History and Structure




38




Module 27: The Fed. Monetary Policy




40




Module 28: The Money Market





39




Module 29: The Market for
Loanable Funds




41 and 44

Unit 5










20
-
3
0%

of AP


Inflation, Unemp
loyment and Stabilization Policies



Section 6










(Ch.
26)

Module 30: Long Run Implications of Fiscal Policy:

Deficits and the Public Debt




Module 31: Monetary Policy and the interest Rate



43




Module 32: Money, Output and Prices in the Long Ru
n


42




Module 33: Types of Inflation, Disinflation and Deflation




Module 34: Inflation and Unemployment: The Phillips Curve

46




Module 35: History and Alternative Views of Macroeconomics

48




Module 36: The Modern Macroeconomic Consensus

Unit 6










5
-
10
% of AP


Economic Growth and Productivity





Section 7










(Ch. 28)

Module 37: Long Run Economic Growth




Module 38: Productivity and Growth




Module 39: Growth Policy: Why Economic Growth Rates Differ




Module 40: Economic Growth in Macr
oeconomic Models


47

Unit 7

10
-
15%

of AP


Open Economy: International Trade and Finance



Section 8










(Ch. 27)

Module 41: Capital Flows and the Balance of Payments


51 and
52




Module 42: The Foreign Exchange Market




53




Module 43: Exchange Rat
e Policy









Module 44: Exchange Rates and Macroeconomic Policy


54

and 55




Module 45: Putting it All Together




There will be 9

Tests during this course (8 Section

Exams and a Graphing Exam)
, a
s well as various quizzes as
necessary.



It is expected th
at
all students will take the AP Ma
croeconomics exam scheduled in May.

There will be
review sessi
ons
.

It is expe
cted that students will be at a
minimum of 6
5
% of these review days
. Review will
include

test taking strategy and practice tests

as well as con
tent review
.





i

This is an
approved syllabus

used for an
authorized AP Macroeconomics course
, as defined by the College Board:


Approved Syllabus:
An approved syllabus is one that has been reviewed by a certified AP Course Audit reviewer and
f
ound to include evidence that all AP curricular requirements are addressed.

Authorized Course:
A course with a finalized Course Audit form and an approved syllabus is authorized to use the “AP”
designation on student transcripts.

Course Audit Form:
This on
line form lists all curricular and resource requirements of the AP course. Through AP Course
Audit accounts, it is completed by the teacher, submitted for school administrator approval, and completed and finalized
by the school administrator.