💶 AP Macroeconomics

1.1

Scarcity

1.2

Opportunity Cost and the Production Possibilities Curve (PPC)

1.3

Comparative Advantage and Trade

1.4

Demand

1.5

Supply

1.6

Market Equilibrium, Disequilibrium, and Changes in Equilibrium

Unit 2 – Economic Indicators and the Business Cycle

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2.0

Unit 2 Overview: Economic Indicators and the Business Cycle

2.1

Circular Flow and GDP

6 min read

2.2

Limitations of GDP

2.3

Unemployment

2.4

Price Indices and Inflation

2.5

Costs of Inflation

2.6

Real vs Nominal GDP

2.7

Business Cycles

Unit 3 – National Income and Price Determination

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3.1

Aggregate Demand

3.2

Spending and Tax Multipliers

3.3

Short-Run Aggregate Supply (SRAS)

3.4

Long-Run Aggregate Supply (LRAS)

3.5

Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model

3.6

Changes in the AD-AS Model in the Short Run

3.7

Long-Run Self-Adjustment

3.8

Fiscal Policy

3.9

Automatic Stabilizers

Unit 4 – Financial Sector

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4.0

Unit 4 Overview: Financial Sector

4.1

Financial Assets

4.2

Nominal vs. Real Interest Rates

4.3

Definition, Measurement, and Functions of Money

4.4

Banking and the Expansion of the Money Supply

4.5

The Money Market

4.6

Monetary Policy

4.7

The Loanable Funds Market

Unit 5 – Long–Run Consequences of Stabilization Policies

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5.0

Unit 5 Overview: Long-Run Consequences of Stabilization Policies

5.1

Fiscal and Monetary Policy Actions in the Short-Run

5.2

The Phillips Curve

5.3

Money Growth and Inflation

5.4

Deficits and the National Debt

5.5

Crowding Out

5.6

Economic Growth

6 min read

5.7

Public Policy and Economic Growth

Unit 6 – Open Economy – International Trade and Finance

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6.0

Unit 6 Overview: Open Economy-International Trade and Finance

6.1

Balance of Payments Accounts

6.2

Exchange Rates

6.3

Foreign Exchange Market

6.4

Effect of Changes in Policies & Economic Conditions on the Foreign Exchange Market

6 min read

6.5

Changes in the Foreign Exchange Market and Net Exports

6.6

Real Interest Rates and International Capital Flows

6.6

Real Interest Rates and International Capital Flows

Study Tools

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2024 AP Macroeconomics Exam Guide

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Frequently Asked Questions

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What Are the Best Quizlet Decks for AP Macroeconomics?

What are automatic stabilizers?

What is the AP Macro exam like?

The Three Main Types of Unemployment

Inflationary and Recessionary Gaps

What is a "T-Account"?

What is the difference between macroeconomics and microeconomics?

How Can I Be Prepared for the AP Macroeconomics FRQs?

AP Macro: How to Calculate GDP

Is AP Macroeconomics Hard? Is AP Macroeconomics Worth Taking?

How Do I Self-Study AP Macroeconomics?

How Can I Get a 5 in AP Macroeconomics?

Exam Skills

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How Can I Be Prepared for the AP Macroeconomics FRQs?

AP Macroeconomics Multiple Choice Questions (MCQ)

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Score Higher on AP Macroeconomics 2024: MCQ Tips from Students

Score Higher on AP Macroeconomics 2024: Tips for FRQ 1

Score Higher on AP Macroeconomics 2024: Tips for FRQ 2 & 3