AP Macroeconomics Overview

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Mind Map on AP Macroeconomics Overview, created by scottpcoen on 21/03/2014.
scottpcoen
Mind Map by scottpcoen, updated more than 1 year ago
scottpcoen
Created by scottpcoen about 10 years ago
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Resource summary

AP Macroeconomics Overview
  1. Basic Economic Concepts (8%-12%)
    1. Scarcity, choice, and opportunity costs
      1. Production possibilities curve
        1. Demand, supply, and market equilibrium
        2. Measurement of Economic Performance (12%-16%)
          1. National income accounts
            1. Unemployment
            2. National Income and Price Determination (10%-15%)
              1. Aggregate demand
                1. Aggregate supply
                  1. Macroeconomic Equilibrium
                  2. Financial Sector (15%-20%)
                    1. Money, banking, and financial markets
                      1. Central bank and control of the money supply
                      2. Inflation, Unemployment, and Stabilization Policies (20%-30%)
                        1. Fiscal and monetary policies
                          1. Inflation and unemployment
                          2. Economic Growth and Productivity (5%-10%)
                            1. Investment in human capital
                              1. Investment in physical capital
                                1. Research and development
                                  1. Growth policy
                                  2. Open Economy: International Trade and Finance (10%-15%)
                                    1. Balance of payments accounts
                                      1. Foreign exchange market
                                        1. Net exports and capital flows
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