Syllabus
AP Macroeconomics
|
Activity Category
|
#of Activities
|
Points
|
Weight
|
|
Discuss
|
31
|
310
|
9.24%
|
|
Exam
|
1
|
300
|
8.94%
|
|
Final Exam
|
1
|
150
|
4.47%
|
|
Practice
|
39
|
1340
|
39.94%
|
|
Quiz
|
19
|
310
|
9.24%
|
|
Test (CST)
|
7
|
630
|
18.78%
|
|
Test(TST)
|
7
|
315
|
9.39%
|
|
Total
|
105
|
3355
|
100.00%
|
1 Unit Overview: What Is Economics?
1.1 Lesson Overview: What Is Economics?
1.1.1 Practice: Introducing Macroeconomics
Go over the format and goals of the course.See how to succeed in the course and what to expect on the AP exam.
Duration: 30 mins
1.1.2 Discuss: Why Study Economics?
Before exploring the details of macroeconomics, introduce yourself and discuss your definition of economics and reasons for studying it, with your classmates.
Duration: 30 mins Scoring: 10 points
1.1.3 Study: Introduction to Economics
Explore the basics of economics, including goods, services, markets, and a fundamental concept of economics: scarcity.
Duration: 1 hr 30 mins
1.1.4 Practice: Investigate Graphing
Review the basics about tables, graphs, equations, slopes, and intercepts.
Duration: 30 mins Scoring: 20 points
1.1.5 Practice: Investigate Economics as a Science
Explore the scientific method and look at mistakes common to all scientists. Examine some special difficulties faced by economists using the scientific method.
Duration: 30 mins Scoring: 20 points
1.1.6 Study: Economic Systems
Examine the major questions each economic society faces and explore the different ways traditional, command, and mixed economies answer these questions.
Duration: 1 hr 45 mins
1.1.7 Discuss: The U.S.Economic System
Discuss traditional and command market aspects of the U.S. economy.
Duration: 30 mins Scoring: 10 points
1.1.8 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 20 points
1.2 Lesson Overview: Wrap-Up
1.2.1 Review: What Is Economics?
Review your studies of economics and economic systems.
Duration: 2 hrs
1. 2.2 Practice: What Is Economics?
Using common economic terms, complete a crossword puzzle
Duration: 30 mins
1.2.3 Discuss: Cram Session
Discuss economic terms and other areas about which you are unclear.
Duration: 30 mins Scoring: 10 points
1.2.4 Test(CST): What Is Economics?
Take a computer-scored test to assess what you have learned in this unit.
Duration: 40 mins Scoring: 90 points
1.2.5 Test (TST): What Is Economics?
Take a teacher-scored test to assess what you have learned in this unit.
Duration: 20 mins Scoring: 45 points
2 Unit Overview: Basic Economic Concepts
2.1 Lesson Overview: Costs and Benefits
2.1.1 Study: Costs and Benefits
Explore benefits and costs and see how people compare them to determine their highest net benefit. Also look at the related concepts of self-interest, opportunity cost, and sunk cost.
Duration: 1 hr 30 mins
2.1.2 Discuss: Weighing Costs and Benefits
Discuss the costs and benefits of taking an AP class.
Duration: 30 mins Scoring: 10 points
2.1.3 Study: Production Possibilities Frontier
Examine the production possibilities frontier (PPF) and how it's created. Investigate the relationship of opportunity cost and production,and look at the role of efficiency in the graph of the production possibilities frontier.
Duration: 1 hr 45 mins
2.1.4 Practice: Investigate the PPF
Investigate the production possibilities frontier (PPF) and the associated concepts of efficiency, inefficiency, and unattainable production.
Duration: 30 mins Scoring: 20 points
2.1.5 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 15 points
2.2 Lesson Overview: Production and Trade
2.2.1 Study: Individual Production and Trade
Learn about the concepts of absolute advantage and comparative advantage, as well as how and why people agree to trade with each other.
Duration: 2 hrs
2.2.2 Practice: Investigate the Absolute and Comparative Advantage
Investigate the concepts of absolute advantage and comparative advantage.
Duration: 30 mins Scoring: 20 points
2.2.3 Discuss: Comparative Advantage
Discuss comparative advantage in the context of a given scenario.
Duration: 30 mins Scoring: 10 points
2.2.4 Study: National Production and Trade
Explore how specialization increases wealth and look at a PPFfor an entire economy. Explore the things that increase the possible production in an economy,and examine the role of trade in determining the PPF.
Duration: 2 hrs
2.2.5 Practice: Apply Concepts of Production and Trade
Bring together concepts about trade between individuals and between nations, and show how they work together.
Duration: 1 hr Scoring: 60 points
2.2.6 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 15 points
2.3 Lesson Overview: Demand and Supply
2.3.1 Study: Demand
Examine the concept of demand, demand curves, changes in demand, and the measure of price elasticity of demand.
Duration: 1 hr 45 mins
2.3.2 Practice: Investigate Demand
Use graphs and other methods of analysis to answer questions on demand,a change in quantity demanded,and a change in demand.
Duration: 30 mins Scoring: 20 points
2.3.3 Discuss: Demand Curves
Discuss what the government can do to raise or lower demand.
Duration: 30 mins Scoring: 10 points
2.3.4 Study: Supply
Examine the concept of supply, supply curves, changes in supply, and the measure of price elasticity of supply.
Duration: 1 hr 30 mins
2.3.5 Practice: Investigate Supply
Use graphs and other methods of analysis to answer questions on supply, a change in quantity supplied,and a change in supply.
Duration: 30 mins Scoring: 20 points
2.3.6 Study: Equilibrium
Explore the concept of equilibrium and see how to determine changes in equilibrium.Examine government intervention-price supports and price floors-and the corresponding surpluses and shortages created by intervention.
Duration: 1 hr30 mins
2.3.7 Practice: Investigate Equilibrium
Investigate the concepts of equilibrium and disequilibrium. Explore the influence of changes in demand or supply(or both)on market equilibrium and examine the results of government intervention in a market.
Duration: 30 mins Scoring: 20 points
2.3.8 Practice: Apply Tools of Market Analysis
Bring together concepts about supply, demand, and market equilibrium, and show how they work together.
Duration: 1 hr Scoring: 60 points
2.3.9 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 10 points
2.4 Lesson Overview: Wrap-Up
2.4.1 Review: Basic Economic Concepts
Review your studies of production, costs, trade, demand, and supply.
Duration: 2 hrs
2.4.2 Practice: Basic Economic Concepts
Using common economic terms, complete a crossword puzzle.
Duration: 30 mins
2.4.3 Discuss: Cram Session
Discuss economic terms and other areas about which you are unclear.
Duration: 30 mins Scoring: 10 points
2.4.4 Test(CST): Basic Economic Concepts
Take a computer-scored test to assess what you have learned in this unit.
Duration: 40 mins Scoring: 90 points
2.4.5 Test (TST): Basic Economic Concepts
Take a teacher-scored test to assess what you have learned in this unit.
Duration: 20 mins Scoring: 45 points
3 Unit Overview: Macroeconomic Variables
3.1 Lesson Overview:Gross Domestic Product
3.1.1 Study: Circular Flow
Investigate the components of the circular flow model, and see the components put together to make a picture of an economy.
Duration: 1 hr 45 mins
3.1.2 Practice: Investigate Circular Flow
Investigate the circular flow of economic activity for a complex economy and the interrelationships that contribute to circular flow.
Duration: 30 mins Scoring: 20 points
3.1.3 Discuss: The Four Economic Sectors
Discuss the four sectors of the economy and how you'd rank them in determining the health of the macroeconomy
Duration: 30 mins Scoring: 10 points
3.1.4 Study: National Income
Examine GDP and compare it to some other economic measures.Explore the relationship between income and expenditures in an economy.
Duration: 1 hr 45 mins
3.1.5 Practice: Investigate National Income
Use your knowledge of GNP,GDP,and other national income accounts to get a clear picture of how national income is used in economic analyses and policymaking.
Duration: 30 mins Scoring: 20 points
3.1.6 Practice: Apply Concepts of National Income
Apply the terms and concepts of national income to real world situations.
Duration: 1 hr Scoring: 60 points
3.1.7 Study: Long-Term Growth
Examine the flaws of using only RGDP to measure growth.Look at the sources of long-term growth and the trade-off between spending today and future growth.
Duration: 1 hr 30 mins
3.1.8 Discuss: Conflict of Short-and Long-Term Growth
Defend your opinion about the benefits of long-term and short-term growth.
Duration: 30 mins Scoring: 10 points
3.1.9 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 10 points
3.2 Lesson Overview: Business Cycles and Unemployment
3.2.1 Study: The Business Cycle
Examine the business cycle and how it's evaluated.
Duration: 1 hr 45 mins
3.2.2 Discuss: Future of the U.S.Economy
Defend your predictions about the future of the U.S.economy
Duration: 30 mins Scoring: 10 points
3.2.3 Study: Unemployment
Examine the categories of unemployment and the criteria for each: seasonal, frictional, cyclical,and structural unemployment.
Duration: 1 hr 45 mins
3.2.4 Practice: Apply Knowledge of Unemployment
Use economic factors to analyze various unemployment scenarios.
Duration: 1 hr Scoring: 60 points
3.2.5 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 15 points
3.3 Lesson Overview: Inflation
3.3.1 Study: CPI
Examine the CPI. See how it's calculated and learn how it's used to measure inflation.
Duration: 1 hr 45 mins
3.3.2 Discuss: List Your Own Market Basket
Describe a typical market basket for a college student.
Duration: 30 mins Scoring: 10 points
3.3.3 Practice: Investigate Inflation
Investigate many of the issues involving inflation and the inflation rate. Focus on issues related to the CPI (a price index), market baskets, and calculating the inflation rate.
Duration: 30 mins Scoring: 20 points
3.3.4 Study: Interest Rates
Explore interest rates and their effect on investment and the purchases of financial instruments.
Duration: 1 hr 30 mins
3.3.5 Practice: Investigate Interest Rates
Investigate the relationships between interest rates and other economic factors such as inflation and the CPI.
Duration: 30 mins Scoring: 20 points
3.3.6 Discuss: Inflation and the Economy
If moderate inflation is good for the economy, discuss whether cost-push or demand-pull inflation is better.
Duration: 30 mins Scoring: 10 points
3.3.7 Study: Inflation and Real Variables
Examine the concepts of demand-pull inflation and cost-push inflation.
Duration: 1 hr 30 mins
3.3.8 Practice: Investigate Real Variables
Practice using nominal variables and real variables in several contexts.
Duration: 30 mins Scoring: 20 points
3.3.9 Practice: Apply Knowledge of Inflation
Apply concepts about inflation and interest to real world situations.
Duration: 1 hr Scoring: 60 points
3.3.10 Quiz: Wrap-Up
Answer questions to assess your understanding of the content.
Duration: 45 mins Scoring: 15 points
3.4 Lesson Overview: Wrap-Up
3.4.1 Review: Macroeconomic Variables
Review your studies of gross domestic product, business cycles and unemployment, inflation, and the GDP.
Duration: 3 hrs
3.4.2 Practice: Macroeconomic Variables
Using common economic terms (referring to macroeconomic variables) complete a crossword puzzle.
Duration: 30 mins
3.4.3 Discuss: Cram Session
Discuss macroeconomic variables and other areas about which you are unclear.
Duration: 30 mins Scoring: 10 points
3.4.4 Test(CST): Macroeconomic Variables
Take a computer-scored test to assess what you have learned in this unit.
Duration: 40 mins Scoring: 90 points
3.4.5 Test (TST): Macroeconomic Variables
Take a teacher-scored test to assess what you have learned in this unit.
Duration: 20 mins Scoring: 45 points