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AP - History and Social Sciences

AP Macroeconomics

AP Macroeconomics

Have you ever wondered why the national debt is so large or why interest rates are considered to be so important? You’ll explore the answers to these questions as you learn how the economy works as a whole in AP Macroeconomics. As part of your studies, you’ll use graphs, charts, and data to analyze, describe, and explain economic concepts.

College Board
AP Microeconomics

AP Microeconomics

Unit 1 Basic Economic Concepts

You’ll start the course with an introduction to economic concepts, principles, and models that will serve as a foundation for studying macroeconomics.

Comparative advantage and gains from tradeMarket equilibrium, disequilibrium, and changes in equilibriumOpportunity cost and the Production Possibilities CurveScarcitySupply and demand

Unit 2 Economic Indicators and the Business Cycle

You’ll look at how economic phenomena such as employment and inflation are measured.

Business cyclesPrice indices and inflationReal vs. nominal GDPThe circular flow and GDPUnemployment

Unit 3 National Income and Price Determination

You’ll explore how changes in aggregate spending and production, economic fluctuations, and policy actions affect national income, unemployment, and inflation.

Aggregate demandEquilibrium and changes in the Aggregate Demand-Aggregate Supply ModelFiscal policyShort-run and long-run aggregate supply

Unit 4 Financial Sector

You’ll examine the financial sector and explain how monetary policy is implemented and transmitted through the banking system.

Banking and the expansion of the money supplyDefinition, measurement, and functions of moneyFinancial assetsMonetary policy

Unit 5 Long-Run Consequences of Stabilization Policies

You’ll spend more time exploring the effects of fiscal and monetary policy actions and examine the concept of economic growth.

Crowding outEconomic growthGovernment deficits and national debtMoney growth and inflationThe Phillips Curve

Unit 6 Open Economy—International Trade and Finance

You’ll examine the concept of an open economy in which a country interacts with the rest of the world through product and financial markets.

Balance of payments accountsChanges in the foreign exchange market and net exportsEffects of changes in policies and economic conditions on the foreign exchange marketExchange rates and the foreign exchange marketReal interest rates and international capital flows