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AP®︎ Macroeconomics

Basic economics concepts

Scarcity: Basic economics conceptsOpportunity cost and the Production Possibilities Curve: Basic economics conceptsComparative advantage and the gains from trade: Basic economics concepts
Demand: Basic economics conceptsSupply: Basic economics conceptsMarket equilibrium, disequilibrium, and changes in equilibrium: Basic economics concepts

Economic indicators and the business cycle

The Circular Flow and GDP: Economic indicators and the business cycleLimitations of GDP: Economic indicators and the business cycleUnemployment: Economic indicators and the business cycle
Price Indices and inflation: Economic indicators and the business cycleCosts of Inflation: Economic indicators and the business cycleReal vs. nominal GDP: Economic indicators and the business cycleBusiness cycles: Economic indicators and the business cycle

National income and price determination

Aggregate demand: National income and price determinationMultipliers: National income and price determinationShort-run aggregate supply: National income and price determinationLong-run aggregate supply: National income and price determination
Equilibrium in the AD-AS Model: National income and price determinationChanges in the AD-AS model in the short run: National income and price determinationLong run self-adjustment: National income and price determinationFiscal policy: National income and price determinationAutomatic stabilizers: National income and price determination

Financial sector

Financial assets: Financial sectorNominal vs. real interest rates: Financial sectorDefinition, measurement, and functions of money: Financial sector
Banking and the expansion of the money supply: Financial sectorThe money market: Financial sectorMonetary policy: Financial sectorThe Market for loanable funds: Financial sector

Long-run consequences of stabilization policies

Fiscal and Monetary Policy Actions in the Short Run: Long-run consequences of stabilization policiesThe Phillips curve: Long-run consequences of stabilization policiesMoney growth and inflation: Long-run consequences of stabilization policies
Crowding out: Long-run consequences of stabilization policiesDeficits and debts: Long-run consequences of stabilization policiesEconomic growth: Long-run consequences of stabilization policiesPublic policy and economic growth: Long-run consequences of stabilization policies

Open economy: international trade and finance

The balance of payments: Open economy: international trade and financeExchange rates: Open economy: international trade and financeThe foreign exchange market: Open economy: international trade and finance
Effect of changes in policies and economic conditions on the foreign exchange market: Open economy: international trade and financeChanges in the foreign exchange markets and net exports: Open economy: international trade and financeReal Interest Rates and International Capital Flows: Open economy: international trade and finance

Prepare for the 2020 AP Macro Exam

What's the 2020 Macroeconomics exam format?: Prepare for the 2020 AP Macro ExamHow to practice with our multiple choice questions: Prepare for the 2020 AP Macro ExamAP Free response tips: Prepare for the 2020 AP Macro Exam
Submit your questions about the 2020 AP Macroeconomics exam: Prepare for the 2020 AP Macro ExamExample free response question from AP macroeconomics : Prepare for the 2020 AP Macro Exam

Every graph used in AP Macroeconomics

The production possibilities curve model: Every graph used in AP MacroeconomicsThe market model: Every graph used in AP MacroeconomicsThe money market model: Every graph used in AP Macroeconomics
The aggregate demand-aggregate supply (AD-AS) model: Every graph used in AP MacroeconomicsThe market for loanable funds model: Every graph used in AP MacroeconomicsThe Phillips curve model: Every graph used in AP MacroeconomicsThe foreign exchange market model: Every graph used in AP Macroeconomics

AP®︎ Macroeconomics Standards mappings

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See how our course content aligns with AP Macroeconomics standards: AP®︎ Macroeconomics Standards mappings

Recommended

Introduction to economics
Scarcity
Four factors of production
Normative and positive statements
Economic models

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Scarcity

Resources are scarce, so figuring out how to allocate resources is the fundamental problem that the field of economics works to solve. In this lesson, we define economics and introduce the tools and thought processes that economists use to explain the world around us.
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