Download AP Macroeconomics Syllabus

Ms. Matesic - AP Macroeconomics
Fall 2016-Spring 2017
Room D207, 512-268-8454 ext. 7785
[email protected]
Course Objective and Goals:
This course is designed to give students a thorough understanding of the
principles of economics that apply to an economic system as a whole. This
course places particular emphasis on the study of national income and pricelevel determination and also develops students’ familiarity with economic
performance measures, the financial sector, stabilization policies, economic
growth and international economics. This course is designed to prepare students
for the AP Macroeconomics exam.
Textbook: Ray, Margaret, and David Anderson. Krugman's Macroeconomics for
AP. New York: Worth Publishers/BFW, 2011.
Independent Study Classwork/Homework Questions and Problems: Morton, John
S., and Goodman, Rae Jean B. Advanced Placement Economics,
Macroeconomics: Student Activities. New York: National Council on Economic
Education, 3rd ed. 2006.
AP Macroeconomics Topic Outline (per the College Board):
Unit I-Basic Economic Concepts: Scarcity, choice and opportunity cost;
production possibilities curve; comparative advantage, absolute advantage,
specialization and exchange; macroeconomic issues such as business cycle,
unemployment, inflation and growth; demand, supply and market equilibrium.
(8-12% of AP Test)
Unit II-Measurement of Economic Performance: National income accounts,
unemployment, inflation measurement and adjustment. (12-16% of AP Test)
Unit III-National Income and Price Determination: Aggregate demand,
aggregate supply, macroeconomic equilibrium. (10-15% of AP Test)
Unit IV-Financial Sector: Money, banking and financial markets, the central bank
and control of the money supply. (15-20% of AP Test)
Unit V-Inflation, Unemployment, and Stabilization Policies: Fiscal and monetary
policies, inflation and unemployment. (20-30% of AP Test)
Unit VI-Economic Growth and Productivity: Long-run growth, productivity, policy.
(5-10% of AP Test)
Unit VII-Open Economy: International Trade and Finance: Balance of payments
accounts, and C. Net exports and capital flows, the foreign exchange market,
links to financial and goods markets. (10-15% of AP Test)
Krugman’s Macroeconomics Section Outline:
Section 1-Basic Economic Concepts (Approximately 2 weeks)
 Module 1-The Study of Economics
 Module 2-Introduction to Macroeconomics
 Module 3-The Production Possibilities Curve Model

Module 4-Comparative Advantage and Trade
Section 2-Supply and Demand (Approximately 2 weeks)
 Module 5-Supply and Demand: Introduction and Demand
 Module 6-Supply and Demand: Supply and Equilibrium
 Module 7-Supply and Demand: Changes in Equilibrium
 Module 8-Supply and Demand: Price Controls (Ceilings and Floors)
 Module 9-Supply and Demand: Quality Controls
Section 3-Measurement of Economic Performance (Approximately 2 weeks)
 Module 10-The Circular Flow and Gross Domestic Product
 Module 11-Interpreting Real Gross Domestic Product
 Module 12-The Meaning and Calculation of Unemployment
 Module 13-The Causes and Categories of Unemployment
 Module 14-Inflation: An Overview
 Module 15-The Measurement and Calculation of Inflation
Section 4-National Income and Price Determination (Approximately 2 weeks)
 Module 16-Income and Expenditure
 Module 17-Aggregate Demand: Introduction and Determinants
 Module 18-Aggregate Supply: Introduction and Determinants
 Module 19-Equilibrium in the Aggregate Demand-Aggregate Supply
Model
 Module 20-Economic Policy and the Aggregate Demand- Aggregate
Supply Model
 Module 21-Fiscal Policy and the Multiplier
Section 5-The Financial Sector (Approximately 2.5 weeks)
 Module 22-Saving, Investment, and the Financial System
 Module 23-The Definition and Measurement of Money
 Module 24-The Time Value of Money
 Module 25-Banking and Money Creation
 Module 26-The Federal Reserve System: History and Structure
 Module 27-The Federal Reserve: Monetary Policy
 Module 28-The Money Market
 Module 29-The Market for Loanable Funds
Section 6-Inflation, Unemployment and Stabilization Policies (Approximately 3
weeks)
 Module 30-Long-run Implications of Fiscal Policy: Deficits and the Public
Debt
 Module 31-Monetary Policy and the Interest Rate
 Module 32-Money, Output, and Prices in the Long Run
 Module 33-Types of Inflation, Disinflation, and Deflation
 Module 34-Inflation and Unemployment: The Phillips Curve
 Module 35-History and Alternative Views of Macroeconomics
 Module 36-The Modern Macroeconomic Consensus
Section 7-Economic Growth and Productivity (Approximately 1 week)
 Module 37-Long-run Economic Growth
 Module 38-Productivity and Growth
 Module 39-Growth Policy: Why Economic Growth Rates Differ
 Module 40-Economic Growth in Macroeconomic Models
Section 8-Open Economy: International Trade and Finance (Approximately 2
weeks)
 Module 41-Capital Flows and the Balance of Payments
 Module 42-The Foreign Exchange Market
 Module 43-Exchange Rate Policy
 Module 44-Exchange rates and Macroeconomic Policy
 Module 45-Putting It All Together
Exams:
Exams will be at the end of each Unit for a total of 7 exams-they will be
scheduled according to the pace of the class. Exams are 70% of the grade in
AP Macroeconomics.
Daily Grades:
Daily grades will consist of weekly quizzes and any in class activities and
independent study/homework questions given. Independent study sessions will
encompass students reading, analysis of models and working on
questions/problems. Daily grades are 30% of the grade in AP Macroeconomics.
Ancillary Readings:
Any ancillary readings given will correspond with the Unit/Module. If time is
allowed, the class will read an independent work on macroeconomics such as
‘Freakanomics’ or ‘End of Poverty’ by Jeffrey Sachs.
Supplies:
Students need to bring a writing utensil and spiral notebook or three-ring binder
to class every day. This notebook will be used daily and should include their class
notes and any graded assignments given back to the student. Students should
always be prepared and ready to begin working when the bell rings.
Grading:
Grades will be assigned according to the following matrix:
o
o
Independent Study Work/Homework/Quizzes – 30%
Exams/Research Papers/Projects – 70%
Late Work Policy:
Students may be required to attend a teacher or campus program to complete
any missing work and/or unsatisfactory work turned in after the due date. Noncompliance may result in disciplinary action. The teacher will not impose a
grade penalty for work turned in after the due date if submitted prior to
summative assessments. Any assignments not completed and submitted may be
given the grade of zero.
Make-Up Work Policy:
Students are expected to makeup all assignments if they are absent for any
period of time for any reason. Daily make-up work can be found either in a
folder on the bulletin board or listed by date on the dry erase board. Each
assignment from the previous day will be there by the next morning. The student
will then have one day for each absence to complete the assignment and turn it
in.
College Board Advanced Placement Course:
AP students shall be given the opportunity to re-do assignments and re-take
assessments for which they receive a failing grade for a maximum grade of 70.
Students enrolled in AP courses will be required to take the appropriate AP exam
at district expense.
Absences:
All absences are reported to the attendance office. Please see the Lehman
High School Student/Parent Handbook for more details on attendance.
Tardy Policy:
Tardies are not tolerated and are reported to the attendance office. Please see
the Hays CISD and Lehman High School Student/Parent Handbook section ‘Start
on Time’ for more details.
Electronic Device Policy:
Electronic devices are to be used for academic endeavors during class time. It is
up to the instructor to decide how and when they will be used. Please see the
Hays CISD and Lehman High School Student/Parent Handbook for more details
on electronic devices.
Academic Dishonesty Policy:
Students who engage in academic dishonesty shall be subject to disciplinary
action, as determined by campus administration as outlined in board policy.
Please see the Hays CISD and Lehman High School Student/Parent Handbook for
more details on academic dishonesty.
Classroom Expectations:
o Bring All Materials to Class
o Be In Your Assigned Seat When the Bell Rings
o Use Appropriate Language
o No Grooming During Class
o Follow Directions At All Times
o Cooperate with Classmates
Classroom Guidelines For Success:
o
o
o
o
Help Your Neighbor
Turn Cell Phones OFF During Class
Respect Classmates and Teacher At All Times
Take Care of Classroom Materials