AP Macroeconomics
According to CollegeBoard AP Macroeconomics Course and Exam Description
Exam Weighting
Unit 1 Basic Economic Concepts 5-10%
MOD 1.1 Scarcity
1
MOD 1.2 Opportunity Cost and the Production Possibility Curve (PPC)
4
MKT 1.3 Comparative Advantage and Gains from Trade
1
MKT 1.4 Demand
4
MKT 1.5 Supply
4
MKT 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
4
Exam Weighting
Unit 2 Economic Indicators and the Business Cycle 12-17%
MEA 2.1 The Circular Flow and GDP
1
MEA 2.2 Limitations of GDP
1
MEA 2.3 Unemployment
1
MEA 2.4 Price Indices and Inflation
2
MEA 2.5 Costs of Inflation
3
MEA 2.6 Real v. Nominal GDP
1
MEA 2.7 Business Cycle
1
Exam Weighting
Unit 3 National Income and Price Determination 17-27%
MOD 3.1 Aggregate Demand (AD)
4
MOD 3.2 Multipliers
3
MOD 3.3 Short-Run Aggregate Supply (SRAS)
4
MOD 3.4 Long-Run Aggregate Supply (LRAS)
1
MOD 3.5 Equilibrium in the Aggregate Demand-Aggregate Supply (AD-AS) Model
4
MOD 3.6 Changes in the AD-AS Model in the Short Run
4
MOD 3.7 Long-Run Self-Adjustment
3
POL 3.8 Fiscal Policy
2
POL 3.9 Automatic Stabilizers
1
Exam Weighting
Unit 4 Financial Sector 18-23%
MEA 4.1 Financial Assets
1
MEA 4.2 Nominal v. Real Interest Rates
1
MEA 4.3 Definition, Measurements, and Functions of Money
1
POL 4.4 Banking and the Expansion of the Money Supply
3
MKT 4.5 The Money Market
4
POL 4.6 Monetary Polilcy
2
MKT 4.7 The Loanable Funds Market
4
Exam Weighting
Unit 5 Long-Run Consequences of Stabilization Policies 20-30%
POL 5.1 Fiscal and Monetary Policy Actions in the Short Run
2
MOD 5.2 The Phillips Curve
4
POL 5.3 Money Growth and Inflation
3
POL 5.4 Government Deficits and the National Debt
3
POL 5.5 Crowding Out
3
MEA
MOD 5.6 Economic Growth
2
POL 5.7 Public Policy and Economic Growth
2
Exam Weighting
Unit 6 Open Economy--International Trade and Finance 10-13%
MEA 6.1 Balance of Payments
1
MKT 6.2 Exchange Rates
1
MKT 6.3 The Foreign Exchange Markets
4
MKT 6.4 Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
4
MKT 6.5 Changes in the Foreign Exchange Market and Net Exports
3
MKT 6.6 Real Interest Rates and International Capital Flows
3