Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
4Activity
0 of .
Results for:
No results containing your search query
P. 1
Economics

Economics

Ratings: (0)|Views: 230|Likes:
Published by mind_power68931

More info:

Published by: mind_power68931 on Jul 09, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

08/29/2013

pdf

text

original

 
AP MACROECONOMICS
 SYLLABUS A: (Macroeconomics)
INTRODUCTION:
The AP program in Macroeconomics is designed to provide students with the analyticalskills and factual knowledge necessary to deal critically with the problems and materialsin economics. The program prepares students for intermediate and advanced collegecourses by making demands upon them equivalent to those made by introductory collegecourses. Students should learn to assess economic data - their relevance to a giveninterpretive problem, their reliability, and their importance- and to weigh the evidenceand interpretations presented in economic scholarship. An AP Macroeconomics courseshould thus develop the skills necessary to arrive at conclusions on the basis of aninformed judgment and to present reasons, analysis, synthesis and evidence clearly and persuasively in a free response format.
COURSE OBJECTIVES:
This course examines the economic system as a whole. The course places specialemphasis on the study of national income, price level determination, economic performance measures, the financial sector, stabilization policies, economic growth, andinternational economics. The goals for the class are four-fold: 1) To increase the studentsunderstanding of the American economic system – output, unemployment and inflation.2) To use graphic representation to explain economic events. 3) To apply monetary andfiscal policy to counteract economic problems. 4) To gain sufficient understanding,analytical skill and problem solving ability to pass the AP test for university credit.
TEXTBOOK & SUPPLEMENTAL MATERIALS:
Boyes, William, and Michael Melvin,
Macroeconomics
. Boston: Houghton Mifflin,2005.Morton, John, and Rae Goodman, AP Economics Teacher Resource Manual andWorkbook, New York: The National Council on Economic Education.
 
The Economist MagazineFederal Reserve Bank of St. Louis websiteWall, Howard, The Regional Economist, St. Louis: Federal Reserve Bank of St. LouisCollegeboard.com/ap websiteVarious test preparation books will be shared at year-end for your review and use.
APMACRO 2-07
1
 
UNIT I: AN INTRODUCTION TO ECONOMICS (4 WEEKS)
Readings:
Boyes chapters 1-2 The World Around You and Choice,Opportunity Costs, and Specialization
Topic I: Basic Economic Concepts
A.Scarcity: What is it? Why is it so important to economic thought?B.Opportunity Cost: Define and compute it. Why can it never be avoided?C.Production Possibilities: Construct and interpret production possibilitiesschedules, and graphs; relate production possibilities curves to the issuesof scarcity, choice and cost. Why are most PPCs bowed out?D.Specialization and Comparative Advantage: Define and calculate absolute andcomparative advantages for production exchange.E.Functions of a Market System1.Answering the three basic questions: What to produce? How to produce? For whom to produce?2.Consumer sovereignty, profit motive, income and prices.
Activities and Assessments:
“Do you think like an economist” pre-quiz, Fundamental Conceptsstudy guide, Morton activities pp. 7-14, lectures on scarcity,opportunity cost, the PPC.Assessments: Chapter 1 quiz, opportunity cost and comparativeadvantage quiz. Test on chapters 1-2
Topic II: Demand, Supply, and Price Determination
Readings:
Boyes chapter 3-5 Markets, Demand and Supply, and thePrice System, The Market System and the Private Sector, The PublicSector
A.
Demand: Define and illustrate demand through schedules and graphs.
1.
Distinguish between change(s) in quantity demanded and change(s)in demand.
2.
Examine the inverse relationship existing between quantitydemanded and price. Evaluate the Law of Demand.3.Identify and explain the variables that cause a change in demand. 
4.
Illustrate graphically a change in demand versus a change in quantity
APMACRO 2-07
2
 
demanded.B.Supply: Define and illustrate supply through schedules and graphs.
1.
Distinguish between change(s) in quantity supplied and change(s) insupply.
2.
Examine the direct relationship existing between quantity suppliedand price. Evaluate the Law of Supply.3.Identify and explain the variables that cause a change in supply.
4.
Illustrate graphically a change in supply versus a change in quantitysupplied.
C.Equilibrium Price and Quantity: Define and illustrate equilibriumthrough schedules and graphs.
1.
Define and illustrate surpluses and shortages. 
2.
Define the effects of surpluses and shortages on prices and quantities
3.
Interpret the effects of a price floor and price ceiling on equilibrium priceand quantity.
4.
Introduction to market failures: lack of competition, externalities,and public goods.
Activities and Assessments:
Reading and study guides on demand, supply and prices, lectures on demand, supply and prices, Morton activities pp. 15-38, demand and supply sortAssessments: Quizzes on demand, supply and prices. Test on fundamentals and markets
UNIT II: MEASUREMENT OF ECONOMIC PERFORMANCE (4 WEEKS)
Readings:
Boyes chapters 6 and 8 National Income Accounting andUnemployment and Inflation
Topic I: Gross Domestic Product and National Income Concepts
 A.Measuring GDP, Four-Sector Circular Flow Model, and Flow Versus Stock 
1.
Expenditure approach [C+I+G+(X-M)] whereC = Personal Consumption ExpendituresI = Gross Private InvestmentG = Government Consumption Expenditures and Gross Investment
X-M = Net Exports
APMACRO 2-07
3

Activity (4)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
Vivian Yu liked this
jakimeta liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->