AP Macroeconomics


In this course, students establish the fundamentals of economics with a survey of scarcity, opportunity cost, supply, demand, and market equilibrium. They then zoom out to the largest scale of economic analysis, learning the indicators of whole countries’ economic health, specifically gross domestic product, unemployment, and price level. With that foundation, the rest of the course looks at fiscal and monetary policies, their consequences, and the basics of international trade and the foreign exchange market. Besides being intentionally prepared for the AP Exam, students will gain a much deeper understanding of the world around them, the roles that government and banks play in an economy, and the economic outcomes generated by their policy decisions.


Basic Economic Concepts:

  • Basic Economic Concepts Introduction
  •  Scarcity
  •  Opportunity Cost and the PPC
  •  Comparative Advantage and Gains from Trade
  •  Demand
  •  Supply
  •  Market Equilibrium, Disequilibrium, and Changes in Equilibrium
  •  Basic Economic Concepts Review and DBA
  •  Basic Economic Concepts Exam

Economic Indicators and the Business Cycle:

  • Economic Indicators and the Business Cycle Introduction
  •  The Circular Flow and GDP
  •  Limitations of GDP
  •  Unemployment
  •  Price Indices and Inflation
  •  Costs of Inflation
  •  Real v. Nominal GDP
  •  Business Cycles
  •  Economic Indicators and the Business Cycle Review
  •  Economic Indicators and the Business Cycle Exam

National Income and Price Determination:

  • National Income and Price Determination Introduction
  •  Aggregate Demand (AD)
  •  Multipliers
  •  Short—Run Aggregate Supply (SRAS)
  •  Long—Run Aggregate Supply (LRAS)
  •  Equilibrium in the Aggregate Demand—Aggregate Supply (AD—AS) Model
  •  Changes in the AD—AS Model in the Short—Run
  •  Long—Run Self—Adjustment
  •  Fiscal Policy
  •  Automatic Stabilizers
  •  National Income and Price Determination Review and DBA
  •  National Income and Price Determination Exam Part A and B

Financial Sector:

  • Financial Sector Introduction
  •  Financial Assets
  •  Nominal v. Real Interest Rates
  •  Definition, Measurement, and Functions of Money
  •  Banking and the Expansion of the Money Supply
  •  The Money Market
  •  Monetary Policy
  •  The Loanable Funds Market
  •  Financial Sector Review and DBA
  •  Financial Sector Exam Part A and B

Long-Run Consequences of Stabilization Policies:

  •  Long—Run Consequences of Stabilization Policies Introduction
  •  Fiscal and Monetary Policy Actions in the Short Run
  •  The Phillips Curve
  •  Money Growth and Inflation
  •  Government Deficits and the National Debt
  •  Crowding Out
  •  Economic Growth
  •  Public Policy and Economic Growth
  •  Long—Run Consequences of Stabilization Policies Review
  •  Long—Run Consequences of Stabilization Policies Exam

Open Economy—International Trade and Finance:

  • Open Economy—International Trade and Finance Introduction
  •  Balance of Payments Accounts
  •  Exchange Rates
  •  The Foreign Exchange Market
  •  Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
  •  Changes in the Foreign Exchange Market and Net Exports
  •  Real Interest Rates and International Capital Flows
  • AP Practice Exam Part A and Part B
  •  Open Economy—International Trade and Finance Revi
  • Open Economy—International Trade and Finance Exam
  • Segment Exam Part A and Part B

Fee Details

Progam Advanced Placement
Fee Component  Course Fee
Amount (USD)  $ 304
Description To be paid by the student at the time of Enrollment.

Grade Level

Grade 10, 11, 12







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