AP Macroeconomics Unit 1 – Introduction to Economics

Chapters 1-6, McConnell-Brue, 15^th Ed.

· In this unit, students will be introduced to the economic concepts of scarcity, opportunity cost, and marginal analysis.

· Students will learn and use the production possibility frontier and circular flow models.

· Students will participate in a simulation of the circular flow and will use the production possibility frontier to analyze the benefits of voluntary exchanges.

· Students will use the market model to analyze changes in demand, supply, quantity demanded and quantity supplied.

· Students will understand characteristics of a capitalistic economy and analyze the households, firms and government as economic participants in capitalism.

· Students will be able to determine comparative advantage, and the benefits from specialization and voluntary trades.

· Students will understand corporate financing using retained earnings, equity financing and debt financing.

Monday	Tuesday	Wednesday	Thursday	Friday
January 7 Syllabus, calendar, text Day One Online Activities HW -Read Chapter 1, be familiar with terms and concepts	8 Basic Economic Dilemma HW – Read chpt. 2.1-3 do Ques. 5,6,10,11,12 and Activity 1	9 Circular Flow Model CFC Activity HW – Read Chpt 2.4, do Ques. 15-16	10 CFC Quiz HW – Read 3.1, Ques. 1,2	11 Activities and To shift or not…demand This Week’s Questions DUE
14 Supply Activity Activities and To shift or not… HW – Read 3.2,do Ques. 3,4 5	15 Market Equilibrium Activities and To shift or not… HW – Read 3.3, do Ques. 2,5,8-11, 15 GRAPH EACH ANSWER	16 Mid Unit 1 Exam- 50 Questions HW – Read all of Chpt 4, Ques. 1-5, 7	17 Intro to Capitalism Features of a Capitalistic Economy HW - Read 5.1-5.3, Ques. 3,4,9	18 3 Sector CFC HW – Read 5.4, Ques. 11,12,14 This Week’s Questions DUE
21 MLK Day	22 Financing Corporations & CFC Quiz HW – Ques. 16	23 TW #2 Intro International trade HW – Read 6.1, Ques. 1-5	24 Comparative Advantage HW – Read 6.2-6.3, Ques. 7,8,10,11	25 Exchange Rates Activity Sheet This Week’s Questions DUE
28 Catch up Day	29 Unit 1 Test- 60 Questions	30 TAKS Pilot Test Corrections Catch Up Day and Review	31 What is GDP? What is counted? Read pp. 7.1, Ques. 1-5

AP Macroeconomics Unit 2 – National Income Accounting, Business Cycle, Unemployment and Inflation

Chapters 7 and 8. McConnell-Brue, 15^th Ed.

· Students will be able to calculate GDP from the expenditure approach and the income approach.

· Students will understand the difference between nominal numbers and real numbers.

· Students will be able to explain the patterns of economic activity known as the business cycle and analyze the types of economic instability that occurs.

· Students will be able to differentiate between types of unemployment.

· Students will understand the construction of a price index.
Students will be able to calculate price index numbers and rates of inflation.

Monday	Tuesday	Wednesday	Thursday	Friday
				February 1 Income Approach to GDP Read pp. 7.2, Ques. 7, 8, show work, Activity 10 &15
4 Activity Sheet 11 Read pp. 7.3, Ques. 11, 13	5 Quiz The Business Cycle Read 8.1 Question 1 Last Week’s Questions DUE	6  Unemployment and Okuns Law Read pp.146-149, Ques. 10,11 Read 8.2 . Ques. 4,5,8	7 TW #3 Real vs Nominal Numbers What is an index? pp. 8.3-8.4, ques.13,14	8 Measuring Inflation Continued
11 Inflation - types and Effects  Activity 13 Computer Lab	12 Case Report Inflation Last Week’s Questions DUE	13 Lab	14 Unit 2 Test Read 9.1 Q1, 3, 5	15 End of 4^th Six Weeks

AP Macroeconomics Unit 3 – Macroeconomic Models and Fiscal

Policy

Chapters 9-13, McConnell-Brue, 15^th Ed.

• Students will use the aggregate expenditure model to determine macroeconomic equilibrium.
• Students will understand the income multiplier and tax multiplier
• Students will use the determinants of aggregate supply and aggregate demand to analyze the economy.
• Students will differentiate between short run and long run aggregate supply.
• Students will understand demand management fiscal policy and supply side fiscal policy.
• Students will be able to explain the linkage between fiscal policy and crowding out in the loanable funds market.
• Students will be able to explain the linkages between fiscal policy and net exports.

Monday	Tuesday	Wednesday	Thursday	Friday
				15 Test Corrections Intro to Investment Demand Read 9.2-9.3 Ques 2,4,5, 6&7
18 MPC, MPS and the Multiplier Read 177 Says Law p. 179 Ques. 8, 9,	19 MPC, MPS and the Multiplier P179 Q10, 11, 12 Read 10.1 Ques. 2 Last Week’s Questions DUE	20 Balanced Budget Multiplier and Tax Multiplier Read 10.2 Q. 4, 5	21 Read 10.3 Q 8 ,9, 10	22 Last Week’s Questions DUE Read 11.1-11.2, Ques. 1-4
25 Determinants of AS and AD Read 11.3, Ques. 7&8	26 TW #4 AS/AD Quiz AS and AD Review Last Week’s Questions DUE	27 TEST Chapter 9,10,11 Read 12.1 Q 1,3,5	28 Fiscal Policy	29 Applying Fiscal Policy
March 3 Crowding Out, Net Exports Effect Read 12.2 & 12.3 Q 9,10,12,14	4 Analyzing Fiscal Policy and the Macroeconomy Last Week’s Questions DUE	5 Analyzing Fiscal Policy and the Macroeconomy	6 Short comings of Fiscal Policy	7 Unit 3 Test Chapter 9, 10, 11& 12 Read 13.1Q 1, 3, 4
10 SPRING BREAK	11	12	13	14

AP Macroeconomics Unit 4 – Money, Banking and Monetary Policy

Chapters 13-15, McConnell-Brue, 15^th Ed.

• Students will understand the components of the money market and use the model for analysis of monetary policy.
• Students will know the functions, characteristics and sources of value for money.
• Students will be able to explain the structure and functions of the Federal Reserve System.
• Students will be able to calculate expansion of the money supply.
• Students will be able to apply the tools of monetary policy to types of economic instability

Monday	Tuesday	Wednesday	Thursday	Friday
March 17 Economist Assignment What is Money Activity 35 Read 13.1 Q 1, 3, 4 Read 13.2 Questions 5	18 Bond Market and Money Market Activity 34 Read 13.3 Question 6-10	19 The Fed Today" video Read 13.4 questions 11-12	20 Banks Create Money Read 14.1  Questions 2,3,4	21
24 How The System Creates Money Expansion of Money in the System Read 14.2 Questions 5-9	25 TW #5 Problems and Applications Homework- Read 14.3 Questions 11,12, 14,15 Last Week’s Questions DUE Chapter 13 and 14	26 The Fed and Monetary Policy Read Read 15.1	27 TW #6 Cause and Effect Chain of Events Read 15.2 Questions 3-4	28 Effectiveness of Monetary Policy Read 15.3 Question 6
31 Stabilization and Growth	April 1 Unit 4 Test

AP Macroeconomics Unit 5

LRAS/SRAS, Economic Growth, Macroeconomic Theories, Budgets, Chapters 16-19, McConnell-Brue 15^th Ed.

• Students will understand the difference between LRAS and SRAS and know the determinants of each.
• Students will be able to relate SRAS to the SR Phillips Curve.
• Students will know the determinants of economic growth and be able to illustrate economic growth with a model.
• Students will be able to explain the difference between budgets deficits and national debt.
• Students will understand the various macroeconomic theories and be able to explain the characteristics of each.

Monday	Tuesday	Wednesday	Thursday	Friday
		April 2 Test Corr, Obj	3 Intro Unit   Read 16.1-16.2 Do Question 2 Activity 19	4 LRAS, SRAS Read 16.3 Do Question 3&4
7 Market Adjustments with LRAS/SRAS	8  Phillips Curve 16.3 ques. 5 Last Week’s Questions DUE	9 Laffer Curve Read 16.4 ques. 8& 9	10 Supply side Policy	11 Economic Growth Read 17.1 ques. 1-2  End of 5^th Six weeks
14 Economic Growth Read 17.2 and 17.3 ques. 3,4, 6,7,8	15 TW #7 Free Response Questions Last Week’s Questions DUE	16 Factors that affect growth And “The New Economy” Read 18.1, Q. 1-3	17 Government Budgets Read 18.2 and 18.3 ques. 4-7