AP Macroeconomics

Full Course Study Notes, Practice Tests & Resources
📊 Exam Overview ⚡ Download Cheat Sheet
Unit 1: Basic Economic Concepts
  • Scarcity & Resource Allocation
  • Opportunity Cost & the PPC
  • Comparative Advantage & Trade
  • Economic Systems
  • Macroeconomic Issues
📝 Practice Unit 1
Unit 2: Economic Indicators & the Business Cycle
  • The Circular Flow & GDP
  • Unemployment
  • Inflation & Price Indices
  • The Business Cycle
  • Real vs. Nominal GDP
📝 Practice Unit 2
Unit 3: National Income & Price Determination
  • Aggregate Demand
  • Short-Run Aggregate Supply
  • Long-Run Aggregate Supply
  • The AD-AS Model & Equilibrium
  • Fiscal Policy & the Multiplier Effect
📝 Practice Unit 3
Unit 4: Financial Sector
  • Money, Banking & Financial Assets
  • The Money Market
  • The Federal Reserve & Monetary Policy
  • The Money Multiplier
  • The Loanable Funds Market
📝 Practice Unit 4
Unit 5: Long-Run Consequences of Stabilization Policies
  • The Phillips Curve
  • Fiscal & Monetary Policy in the Long Run
  • Government Deficits & the National Debt
  • Crowding Out
  • Economic Growth
📝 Practice Unit 5
Unit 6: Open Economy — International Trade & Finance
  • Balance of Payments
  • Exchange Rates
  • The Foreign Exchange Market
  • Net Exports & Capital Flows
📝 Practice Unit 6