AP Macroeconomics Overview

AP Macroeconomics Overview

1. Basic Economic Concepts (8%-12%)

   • Scarcity, choice, and opportunity costs
   • Production possibilities curve
   • Demand, supply, and market equilibrium

2. Measurement of Economic Performance (12%-16%)

   • National income accounts
   • Unemployment

3. National Income and Price Determination (10%-15%)

   • Aggregate demand
   • Aggregate supply
   • Macroeconomic Equilibrium

4. Financial Sector (15%-20%)

   • Money, banking, and financial markets
   • Central bank and control of the money supply

5. Inflation, Unemployment, and Stabilization Policies (20%-30%)

   • Fiscal and monetary policies
   • Inflation and unemployment

6. Economic Growth and Productivity (5%-10%)

   • Investment in human capital
   • Investment in physical capital
   • Research and development
   • Growth policy

7. Open Economy: International Trade and Finance (10%-15%)

   • Balance of payments accounts
   • Foreign exchange market
   • Net exports and capital flows