AP Macroeconomics

课程描述

AP Macroeconomics

Book Trial Class
AP stands for Advanced Placement, which is the university preparatory course. The AP exam was held by the College Board in 1955 to give high school students access to college courses and to complete some of them ahead of schedule if they have the ability to do so. There are 22 categories, including 37 different courses.

AP Economics Divided Into Two Parts:

  • Microeconomics
  • Macroeconomics

AP macroeconomics is one of the subjects that students are willing to take.

Macroeconomics literally means to analyze the common economic phenomena from the macro level of countries and regions.

Like microeconomics, because it is a college preparatory course, students are not required to have knowledge of calculus, but mainly based on the most basic knowledge and understanding of the most common economic phenomena.

We want students to know that there are many similarities between macroeconomics and microeconomics in knowledge and concept, so it is wise to take together!

Curriculum

  • Unit 1: Basic Economic Concepts (portion in test: 5%–10%）
  • Scarcity
  • Opportunity cost and the Production Possibilities Curve
  • Comparative advantage and gains from trade
  • Supply and demand
  • Market equilibrium, disequilibrium, and changes in equilibrium
  • Unit 2: Economic Indicators and the Business Cycle (portion in test: 12%–17%)
  • The circular flow and GDP
  • Unemployment
  • Price indices and inflation
  • Real vs. nominal GDP
  • Business cycles
  • Unit 3: National Income and Price Determination (portion in test: 17%–27%)
  • Aggregate demand
  • Short-run and long-run aggregate supply
  • Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model
  • Fiscal policy
  • Unit 4: Financial Sector (portion in test: 18%–23%)
  • Financial assets
  • Definition, measurement, and functions of money
  • Banking and the expansion of the money supply
  • Monetary policy
  • Unit 5: Long-Run Consequences of Stabilization Policies (portion in test: 20%–30%)
  • The Phillips Curve
  • Money growth and inflation
  • Government deficits and national debt
  • Crowding out
  • Economic growth
  • Unit 6: Open Economy—International Trade and Finance (portion in test: 10%–13%)
  • Balance of payments accounts
  • Exchange rates and the foreign exchange market
  • Effects 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