All the Graphs & Tables you Need to Know ~ Macro
AP Macro Content
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I. Basic Concepts (5-10%)
V. International Sector (4-6%)
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I. Basic Concepts (5-10%)
- scarcity, opportunity cost, pp, comparative advantage, specialization; economic system; supply & demand
- GDP, inflation, unemployment, business cycle, circular flow
- AS (8-12%) SR v. LR; sticky v. flexible wages & prices; supply-side economics
- AD (25-30%) Circular flow; components of AD; multiplier; fiscal policy; monetary policy
- Money & Banking (12-15%) Money & money creation; tools of central bank
- Fiscal-Monetary Mix (10-15%) Interation of monetary & fiscal policies; government budget policies
- Trade-off between inflation & unemployment (8-10%) LR v SR; supply shocks; role of expectations
V. International Sector (4-6%)
- International trade policy; finance; exchange rates; balance of payments; trade balance
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