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AP Macroeconomics: Units I-VII, International Economics, Monetary Management

Comprehensive study guide for AP Macroeconomics course covering units I-VII, international economics, monetary management, and preparation for AP Exam.

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AP Macroeconomics: Units I-VII, International Economics, Monetary Management

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  1. Major Units of Study for AP Macroeconomics (2016-2017): First Semester: Units I-III and Senior Project Portfolio Unit I: Introduction to Economics Chapter 1: Limits, Alternatives, and Choices Chapter 2: The Market System and the Circular Flow Chapter 3: Demand, Supply, and Market Equilibrium Unit II: Measurements of Economic Performance Chapter 23: Introduction to Macroeconomics Chapter 24: Measuring Domestic Output and National Income Chapter 25: Economic Growth Chapter 26: Business Cycles, Unemployment, and Inflation Unit III: Aggregates, National Income, and Price: Chapter 27: Basic Macroeconomic Relationships Chapter 28: Aggregate Expenditures Model Chapter 29: Aggregate Demand and Aggregate Supply Chapter 30: Fiscal Policy, Deficits, and Debt Second Semester: Units IV-VII, AP Exam, International Economics Summit Competition, and Monetary Management Unit. Unit IV: Monetary Policy and the Financial Sector Chapter 31: Money, Banking, and Financial Institutions Chapter 32: Money Creation Chapter 33: Interest Rates and Monetary Policy Chapter 34: Financial Economics Unit V: Inflation, Unemployment, & Stabilization Policies Chapter 35: Extending the Analysis of Aggregate Supply Chapter 36: Current Issues in macro Theory and Policy Unit VI: International Trade and Finance Chapter 37: International Trade Chapter 38: International Finance Handouts: Developing and Transitional Economies Unit VII: Review for the AP Exam AP Macroeconomics Exam on May 10, 2017. International Economics Summit Competition Monetary Management Unit: Ramsey 1: Savings Ramsey 2: Investment Ramsey 3: Wealth Building Throughout Both Semesters: Current Event Assignment due every other Wednesday Stock Market Portfolios due every other Wednesday

  2. AP Macroeconomics - January 2017 4 2 3 5 6 Keynesian Rap II Practice Graphing Read McConnell, pp 627-631 (Public Debt & Crowding Out) SEC as investment tool Stock Market #9 DUE Read McConnell, pp 617-621 (Automatic Stabilizers) Keynesian Rap I Practice Graphing Read McConnell, pp 622-626 (Fiscal Policy Criticisms) Lecture: Fiscal Policy Read McConnell, pp 613-617 (Discretionary Fiscal Policy) 9 10 11 12 13 Last senior project artifact: cover letter. TWO Letters of Recommendation DUE Review: Unit I – Introduction to Economics Senior Project Portfolio DUE!!! Organize Senior Project Portfolio and prepare for turn in! Create presentation outline and visual. Current Event #9 DUE Review: Unit II – Measurements of Economic Performance Finish organizing Senior Project Portfolio and prepare for turn in! 16 17 18 19 20 NO School! Martin Luther King Jr. Day! LAST DAY of REVIEW for Comprehensive Midterm Review: Unit III – National Income and Price MIDTERM EXAMS (End of 1st Semester) MIDTERM EXAMS 24 23 25 26 27 Lecture: Money (M1, M2, and M3) Read McConnell, pp 636-640 (Definition of Money) Introduction to Unit IV: Monetary Policy & The Financial Sector The Banking System Read McConnell, pp 640-642 (Value of Money) Welcome to Second Semester! Go over Midterm Exam! Finish going over Midterm Exam! Stock Market #10 DUE 30 31 Banking Activity Read McConnell, pp 643-647 (Federal Reserve/Banking System) Make sure you REVISE your Senior Project Binder when you receive it back from me graded – Take it home and put it in a SAFE place! Seniors will turn their portfolios into the counselling office on March 14, 2017. Balancing Assets and Liabilities Read McConnell, pp 648-652 (Crisis)

  3. AP Macroeconomics- February 2017 1 2 3 Current Event #10 DUE Value of Money Read McConnell, pp 655-659 Fractional Reserve / Banking System Read McConnell, pp 660-662 The Money Multiplier Read McConnell, pp 663-667 6 7 8 9 10. Stock Market #11 DUE Monetary Policy Read McConnell, 679-683 Targeting Interest Rates Read McConnell, pp 679-683 Stocks, Bonds, & Mutual Funds Read McConnell, pp 684-687 Open Market Operations Read McConnell, pp 670-673 Financial Investment & Time Value of Money 13 14 15 16 17 Introduction to Unit V: Inflation, Unem., & Stabilization Policies Read McConnell, pp 700-704 Current Event #11 DUE Applying AD/AS Read McConnell, pp 709-713 LRAS Read McConnell, pp 704-708 Risk v. Return Read McConnell, pp 688-689 and 692 Security Market Line Read McConnell, pp 697-699 745-751 20 21 22 23 24 Long-run Phillips Curve and Laffer Curve Stock Market #12 DUE Read McConnell, pp720-724 President’s Day Holiday! No School! Causes of Macro Instability Read McConnell, pp 724-728 Short Run Phillips Curve Read McConnell, pp 717-720 Self-Correction Read McConnell, pp 729-734 27 28 Begin Economist Project Read McConnell, pp 742-745 Rules v. Discretion Read McConnell, pp 737-742

  4. AP Macroeconomics - March 2017 2 3 1 Work on Economist Project (in-class) Current Event #12 DUE Read McConnell, pp 745-751 Work on Economist Project (in-class) Last Day to Work on Economist Project (in-class) 6 7 8 9 10 Presentations of Economists (Day 1) Presentations of Economists (Day 2) Stock Market #13 DUE Presentations of Economists (Day 3) Presentations of Economists (Day 4) Finish Presentations of Economists 13 14 15 16 17 Review Unit V: Fiscal Policy Senior Project Portfolio DUE to Counselling Office Review Unit IV: Monetary Policy Current Event #13 DUE Finish Reviewing Unit IV and V Unit IV/V EXAM (Day 1) Unit IV/V EXAM (Day 2) 20 21 22 23 24 Stock Market #14 DUE – Winner Announced! Introduction to Unit VI: International Trade & Finance Comparative Advantage & International Trade Read McConnell, pp 754-758 Specialization and Gains from Trade Read McConnell, pp 759-763 Go over Unit IV/V Exam Finish going over Unit IV/V Exam 31 27 29 28 30 Supply, Demand, equilibrium in World Trade Read McConnell, pp 764-767 Current Event #14 DUE (Last ONE!) Trade Barriers and Export Subsidies Read McConnell, pp 767-772 Senior Celebration Presentations – Half Days! Introduction to Unit VI: International Trade and Finance

  5. AP Macroeconomics- April 2017 3 4 5 6 7 Spring Break!!! NO School! 10 11 12 13 14 Human Development Index & Gini Coefficient NO more assigned reading! Balance of Payments Read McConnell, pp 780-785 Trade Agreements Read McConnell, pp 772-777 Fixed Exchange Rates & Managed Floats Read McConnell, pp 790-794 Trade Deficits Read McConnell, pp 794-798 17 18 19 20 21 Go over Mock AP Exam Helpful advice for M/C Section of Exam. Go over Mock AP Exam Helpful advice for Free Response Questions. Developmental Diamond NO more assigned reading! Mock AP Exam (Day 1) Mock AP Exam (Day 2) 24 25 26 27 28 REVIEW (Unit III) Aggregates, NI, and Price Level REVIEW (Unit II) Measures of Economic Performance REVIEW (Unit I) Basic Economic Concepts REVIEW (Unit II) Measures of Economic Performance REVIEW (Unit II & III) We’re Almost There!

  6. AP Macroeconomics- May 2017 1 2 5 4 3 REVIEW (Unit IV) Monetary Policy & Banking REVIEW (Unit V) Fiscal Policy / Economic Remedies REVIEW (Unit V) Fiscal Policy / Economic Remedies REVIEW (Unit IV) Monetary Policy & Banking REVIEW (Unit III) Aggregates, NI, & Price Level 8 9 10 11 12 REVIEW (Unit VI) International Trade & Finance AP Macroeconomics EXAM!!! You did it!!! Now it’s time to BREATHE!!! Start Prepping for International Economics Summit REVIEW (Unit VI) International Trade & Finance Prepping for International Economics Summit 15 16 17 18 19 Prep for International Economics Summit Prep for International Economics Summit Prep for International Economics Summit Prep for International Economics Summit Go over FRQ Questions 22 23 24 25 26 Seniors: Time to work on Summit Paper (Final) Juniors: Time to work on Summit Presentation Seniors: Time to work on Summit Paper (Final) Juniors: Time to work on Summit Presentation Prep for International Economics Summit Field Trip: International Economics Summit Debrief: International Economics Summit Winner Announced! Memorial Day! 29 30 31 Senior Finals: 1, 2, 3 Seniors: Summit Paper DUE Juniors: PPT DUE Senior Finals: 4 ,5, 6 NO School!

  7. AP Macroeconomics - June 2017 1 Senior Breakfast 2 Senior Trip Start Monetary Management Unit Ramsey: Savings Graduation! Ramsey: Savings 5 6 7 8 9 Early Dismissal! LAST DAY OF SCHOOL! Final Exams! Early Dismissal! Final Exams! Early Dismissal! Ramsey: Investment Final Exams! Early Dismissal! Ramsey: Investment & Wealth Building Ramsey: Wealth Building Have a Wonderful Summer ! ! ! -------------See you next year!!!

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