AP Macroeconomics

Unit 2: Economic Indicators and the Business Cycle

2.0 Intro to Unit 2

Unit 3: National Income and Price Determination

AP Macroeconomics Unit 2 Trivia 

2.1 Circular Flow and GDP

2.2 Limitations of GDP

2.6 Real vs Nominal GDP

2.5 Costs of Inflation

2.7 Business Cycles

2.3 Unemployment

2.4 Price Indices and Inflation

Administration 1

Administration 2

Administration 3

AP Macro Exam Prep 2020 | Reviews + Free Study Help | Fiveable

Build a solid foundation in unit 1 of AP Macroeconomics. Our resources go over the important vocabulary, fundamental skills, and basic economic concepts you'll need to master for the exam, such as supply, demand, and market equilibrium. Review and practice with these helpful study guides, so you'll be prepared to conquer the test!

Unit 1: Basic Economic Concepts

Basic Economic Concepts

Don't miss out on these useful resources for unit 2 of AP Macroeconomics: Economic Indicators and the Business Cycle! We go over the important vocabulary, skills, and concepts you need to know for the exam. Review and practice GDP, inflation, and unemployment!

Economic Indicators and the Business Cycle

Take advantage of our useful resources for National Income and Price Determination in AP Macroeconomics. Explore all the important vocabulary, skills, and concepts you need to master. Review aggregate supply and demand, multipliers, and equilibrium and master AP Macro unit 3!

National Income and Price Determination

Get ready to conquer the financial sector in AP Macroeconomics. We cover the important vocabulary, skills, and concepts you need to master to do well on the exam. Learn all about interest rates, the money market, and monetary policy with our amazing Macro unit 4 guides.

Unit 4: Financial Sector

Financial Sector

Master the long-run effects of stabilization policies in our AP Macro unit 5 guides, and learn all about growth, debt, inflation, and the Philips curve. Review and practice with us, so you'll be prepared to rock the test!

Unit 5: Long-Run Consequences of Stabilization Policies

Long-Run Consequences of Stabilization Policies

Finish out AP Macro: Open Economy—International Trade and Finance. We cover the vocabulary, skills, and concepts you need to master. Our helpful study guides and resources will go over all you need to know about foreign exchange market, rates, and policies to be ready for unit 6!

Unit 6: Open Economy-International Trade and Finance

Open Economy-International Trade and Finance

Learn all about the AP Macroeconomics exam! Learn how to manage the multiple choice questions (MCQs) and how to write great FRQs. Brush up on exam logistics, types of questions, how to draw graphs, helpful tips, sample questions, and practice prompts, With these useful strategies and practice, you'll be prepared to knock the exam out of the park!

Exam Skills: MCQ/FRQ

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Q and A Sessions

AP Cram Sessions 2021

Live Cram Sessions 2020

Microeconomics vs. Macroeconomics

Factors of Production

Opportunity Costs and Trade-offs

Production Possibilities

Scarcity

Introduction to the Production Possibilities Curve (PPC)

Opportunity Cost and the Production Possibilities Curve (PPC)

Key Terms

Introduction

Output Problems

Determining Absolute Advantage

Determining Comparative Advantage

 Terms of Trade

Comparative Advantage and Trade

Definition of Demand

Demand vs. Quantity Demanded

Law of Demand

Determinants of Demand

Demand

Definition of Supply

Quantity Supplied vs. Supply

Law of Supply

Determinants of Supply

Supply

Market Equilibrium

Market Disequilbrium  

Changes in Market Equilibrium

Market Equilibrium, Disequilibrium, and Changes in Equilibrium

2.0: Intro to Unit 2


Intro to Unit 2

2.1: The Circular Flow and GDP

Circular Flow

GDP (Gross Domestic Product)

Components of GDP 

Circular Flow and GDP

2.2: Limitations of GDP

1. Population

2. Inequality

3. Environment

4. Shadow Economy

Limitations of GDP

2.3: Unemployment

Vocabulary: 

Calculating the Unemployment Rate

Types of Unemployment

Unemployment

2.4: Price Indices and Inflation

Vocabulary

How to Calculate the CPI

Price Indices and Inflation

2.5: Costs of Inflation

Costs of Inflation

2.6: Real vs. Nominal GDP

How to Calculate (sample problem)

GDP Deflator

Real vs Nominal GDP

2.7: Business Cycles

Business Cycle Diagram

Business Cycles

Unit 3 - National Income and Price Determination

3.1: Aggregate Demand

Aggregate Demand

3.2: Multipliers

multipliers

3.3: Short-Run Aggregate Supply (SRAS)

Short-Run Aggregate Supply (SRAS)

3.4: Long-Run Aggregate Supply (LRAS)

Long-Run Aggregate Supply (LRAS)

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

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

3.6: Changes in the AD-AS Model in the Short Run

Changes in the AD-AS Model in the Short Run

3.7: Long-Run Self-Adjustment

Long-Run Self-Adjustment

3.8: Fiscal Policy

Fiscal Policy

3.9: Automatic Stabilizers

Automatic Stabilizers

Key Vocabulary

Bonds and Interest Rates

Financial Assets 💰

Interest Rates

Chart

Nominal vs. Real Interest Rates

Functions of Money

Measurements of the Money Supply

Definition, Measurement, and Functions of Money

Fractional Reserve Banking

Money Multiplier

Bank Balance Sheets

Practice Free Response Question (FRQ) - 2016 # 2

Banking and the Expansion of the Money Supply

The Demand For Money

The Money Market

Types of Monetary Policy


Tools of Monetary Policy

Effects of Monetary Policy

Recessionary Gap to Full Equilibrium via Expansionary Monetary Policy

Inflationary Gap to Full Equilibrium via Contractionary Monetary Policy

Monetary Policy

Demand of Loanable Funds


Shifters for the Demand Loanable Funds

Supply of Loanable Funds

Determinants for the Supply of Loanable Funds 

Loanable Funds Market

The Loanable Funds Market

5.1: Fiscal and Monetary Policy Actions in the Short-Run

Fiscal and Monetary Policy Actions in the Short-Run

5.2: The Phillips Curve

The Phillips Curve

5.3: Money Growth and Inflation

Money Growth and Inflation

5.4: Deficits and the National Debt

Deficits and the National Debt

5.5: Crowding Out

Crowding Out

5.6: Economic Growth

Economic Growth

5.7: Public Policy and Economic Growth

Public Policy and Economic Growth

Unit 6: Open-Economy - International Trade and Finance

6.1: Balance of Payments Accounts

Balance of Payments Accounts

6.2: Exchange Rates

Exchange Rates

6.3: Foreign Exchange Market

Foreign Exchange Market

6.4: Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market

Change in Demand or Supply in Currency

Fiscal Policy Impact on Exchange Rates

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

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🤑AP Macroeconomics - Unit 2: Economic Indicators and the Business Cycle

Exam Dates:

may 10, 2021

, may 19, 2021

, june 2, 2021

Study Guides

2.0 Intro to Unit 2

2.1 Circular Flow and GDP

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

Trivia

AP Macroeconomics Unit 2 Trivia

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