MR ENEVOLDSON ADVANCED PLACEMENT MACROECONOMICS
AP exam May 2013




Vidoes
http://topdocumentaryfilms.com/culture-decline-economics-101/

FACEBOOK EXAM REVIEW
http://www.facebook.com/event.php?eid=113231668711614&index=1




FLASHCARD EXAM REVIEW
http://quizlet.com/279245/ap-macro-review-flash-cards/




POWERPOINT EXAM REVIEW
www.sd129.org/.../AP%20Macroeconomics%20Review%20Session%20One. ppt

PAST AP EXAMS QUESTIONS AND ANSWERS
http://welkerswikinomics.wetpaint.com/page/AP+Macroeconomic+FRQ+topics





ALL THE POWERPOINTS FOR THE COURSE CAN BE FOUND AT http://www.4shared.com
I will put each power point link into each unit of the course.





PAST AP EXAM QUESTION
http://tw.neisd.net/webpages/dmayer/ap.cfm
http://welkerswikinomics.wetpaint.com/page/AP+Macroeconomic+FRQ+topics





STUDY GUIDE - SUMMARY OF THE COURSE
http://fenguin.net/files/?id=f62791f7e6f3664a17cbe416839e24db



EVERY GRAPH YOU NEED TO KNOW FOR THE AP EXAM
http://www.youtube.com/watch?v=YOMbRCywqCs




OTHER TEXTBOOK CHAPTER SUMMARIES
http://www.businessbookmall.com/Economics%20Notes.htm
http://www.mhhe.com/economics/mcconnell15e/student_index.mhtml

GOOD TEACHER WEBSITE
https://sites.google.com/site/mrhopkinssocialstudieshome/ap-economics-calendar

Go to the following website: http://apcentral.collegeboard.com/econmacro
This is the official home page of the AP/college board that writes the actual AP exams each year. Under "Exam Information and Resources," there are two very useful links. One link provides all of the FRQ's from actual exams for the past 10 years or so, along with a grading rubric and examples of actual student responses. The second link will allow you to take a practice exam.



WEBPAGE FOR COLLEGEBOARD http://apcentral.collegeboard.com/apc/public/courses/teachers_corner/index.html


Welcome to AP macroeconomics. We have an exciting, and very busy, year ahead of us. An AP course makes unusually heavy demands on a student’s time and energy. There is a tremendous amount of material to cover, a lot of work to do, and very little time available. I will strive to lead you through as much of the AP curriculum as possible before the exam but it up to the student to keep motivated and make sure they are doing all the homework and reading. All students are different and my goal is that all students in my class are successful and I am extremely committed to this goal. I will go over the course work very quickly during the year and it is very important that you don’t fall behind. My goal is to finish all seven units of the course well before the May exam as I feel five weeks of intensive revision is essential before the AP exam .
Main Text Economics by Krugman and Wells.
Support text Advanced Placed Economics Macroeconomics: Student Edition by National Council on Economic Education 3rd Edition.
Grades Grades will be posted weekly on edline so you can accurately track your performance. Student evaluation will comprise of class participation, tests, and homework, assigned readings and in class quizzes. Late homework will not be accepted unless accompanied by a parent note with contact phone number.

A 100-95
B 86-84
C 76-74
D 66-64
A- 94-90
B- 83-80
C- 73-70
D- 63-60
B+ 89-87
C+ 79-77
D+ 69-67
F Below 60%

Expectations My class rules are simple and I expect them to be followed. Students are expected to treat the teacher and fellow students with respect. Students are, at times, encourage to work in group settings however coping other work at inappropriate times is unacceptable. Students are expected to give their best effort and persistence at all given tasks. At times economics can be overwhelming and students need to go the extra mile in order to gain understanding of concepts. Students need to be proactive and ask for help if they are feeling overwhelmed.

Percentage Goals of Exam Content Area (multiple-choice section). Further information about the AP program is available at www.collegeboard.com.
I. Basic Economic Concepts. (8–12%)
II. Measurement of Economic Performance. (12–16%)
III. National Income and Price Determination. (10–15%)
IV. Financial Sector. (15–20%)
V. Inflation, Unemployment, and Stabilization Policies. (20–30%)
VI. Economic Growth and Productivity. (5–10%)
VII. Open Economy: International Trade and Finance .................. (10–15%)




AP ECONOMICS UNIT OUTLINES WITH PERCENTAGE OF THE COURSELOAD AND TEXTBOOK CHAPTERS

I. Basic Economic Concepts (8–12%) Textbook chapter 1 ,2, , 4
A. Scarcity, choice, and opportunity costs
B. Production possibilities curve
C. Comparative advantage, absolute advantage, specialization, and exchange
D. Demand, supplies, and market equilibrium
E. Macroeconomic issues: business cycle, unemployment, inflation, and growth

II. Measurement of Economic Performance (12–16%) Textbook chapter
A. National income accounts
1. Circular flow
2. Gross domestic product
3. Components of gross domestic product
4. Real versus nominal gross domestic product
B. Inflation measurement and adjustment
1. Price indices
2. Nominal and real values
3. Costs of inflation
C. Unemployment
1. Definition and measurement
2. Types of unemployment
3. Natural rate of unemployment
III. National Income and Price Determination (10–15%) Textbook Chapter
A. Aggregate demand
1. Determinants of aggregate demand
2. Multiplier and crowding-out effects
B. Aggregate supply
1. Short-run and long run analyses
2. Sticky versus flexible wages and prices
3. Determinants of aggregate supply
C. Macroeconomic equilibrium
1. Real output and price level
2. Short and long run
3. Actual versus full-employment output
4. Economic fluctuations

IV. Financial Sector (15–20%) Textbook chapter 30
A. Money, banking, and financial markets
1. Definition of financial assets: money, stocks, and bonds
2. Time value of money (present and future value)
3. Measures of money supply
4. Banks and creation of money
5. Money demand
6. Money market
7. Loanable funds market
B. Central bank and control of the money supply
1. Tools of central bank policy
2. Quantity theory of money
3. Real versus nominal interest rates
Percentage Goals of Exam
Content Area (multiple-choice section)
V. Inflation, Unemployment, and Stabilization Policies (20–30%)
A. Fiscal and monetary policies
1. Demand-side effects
2. Supply-side effects
3. Policy mix
4. Government deficits and debt
B. Inflation and unemployment
1. Types of inflation
a. Demand-pull inflation
b. Cost-push inflation
2. The Phillips curve: short run versus long run
3. Role of expectations
VI. Economic Growth and Productivity (5–10%) Textbook Chapter
A. Investment in human capital
B. Investment in physical capital
C. Research and development, and technological progress
D. Growth policy
VII. Open Economy: International Trade and Finance (10–15%) Textbook chapter
A. Balance of payments accounts
1. Balance of trade
2. Current account
3. Capital account
B. Foreign exchange market
1. Demand for and supply of foreign exchange
2. Exchange rate determination
3. Currency appreciation and depreciation
C. Net exports and capital flows

D. Links to financial and goods markets



AP MACROECONOMICS WEB RESOURCES

GENERAL WEB
online news articles http://www.netvibes.com/welkerswikinomics#Economics_News
1.http://online.wsj.com/public/us The Wall Street Journal
2.www.**economist**.com - The Economist
3.http://www.rgemonitor.com/AsiaHomepage.html - Roubini Global Economics
4.http://web.mit.edu/krugman/www/ - The offical Paul Krugman Web page
5.http://www.nber.org/ - National Bureau of Economic Research
6.http://www.stern.nyu.edu/networks/site.html
7.http://economics.about.com/
8.http://www.economy.com/dismal/ - The Dismal Scientist
9.http://www.bloomberg.com/?b=0&Intro=intro3 - Bloomberg
10.http://www.ft.com/home/us - Financial Times
11.http://www.ml.com/index.asp?id=7695_15125 -Merril Lynch
12.http://www.morganstanley.com/ - Morgan Stanley
13.http://econ161.berkeley.edu/ - Brad De Long’s

VERY HELPFUL SITES FOR COURSE CONTENT/PRINCIPLES
http://welkerswikinomics.com- Ap Teacher website amazing resource
http://welkerswikinomics.com/blog/author/welkerjason/
http://reffonomics.com/reff/index.html - Ap Teacher website amazing resource
http://tw.neisd.net/webpages/dmayer/teacher.cfm?subpage=195888- Ap Teacher website amazing resource
http://www.phxcentralhigh.org/education/components/docmgr/default.php?sectiondetailid=10374&catfilter=ALL#showDoc - Ap Teacher website amazing resource
http://www.fenguin.net/files/?id=f62791f7e6f3664a17cbe416839e24db- Great outline/summary of the course

http://davidprudente.wordpress.com/