Major Units of Study for AP Macroeconomics 2016

Major Units of Study for AP Macroeconomics (2016 -2017): First Semester: Units I-III and Senior Project Portfolio Unit I: Introduction to Economics Chapter 1: Limits, Alternatives, and Choices Chapter 2: The Market System and the Circular Flow Chapter 3: Demand, Supply, and Market Equilibrium Unit II: Measurements of Economic Performance Chapter 23: Introduction to Macroeconomics Chapter 24: Measuring Domestic Output and National Income Chapter 25: Economic Growth Chapter 26: Business Cycles, Unemployment, and Inflation Unit III: Aggregates, National Income, and Price: Chapter 27: Basic Macroeconomic Relationships Chapter 28: Aggregate Expenditures Model Chapter 29: Aggregate Demand Aggregate Supply Chapter 30: Fiscal Policy, Deficits, and Debt Second Semester: Units IV-VII, AP Exam, International Economics Summit Competition, and Monetary Management Unit IV: Monetary Policy and the Financial Sector Chapter 31: Money, Banking, and Financial Institutions Chapter 32: Money Creation Chapter 33: Interest Rates and Monetary Policy Chapter 34: Financial Economics Unit V: Inflation, Unemployment, & Stabilization Policies Chapter 35: Extending the Analysis of Aggregate Supply Chapter 36: Current Issues in macro Theory and Policy Unit VI: International Trade and Finance Chapter 37: International Trade Chapter 38: International Finance Handouts: Developing and Transitional Economies Unit VII: Review for the AP Exam AP Macroeconomics Exam on May 10, 2017. International Economics Summit Competition Throughout Both Semesters: Current Event Assignment due every other Wednesday Stock Market Portfolios due every other Wednesday Monetary Management Unit: Ramsey 1: Savings Ramsey 2: Investment Ramsey 3: Wealth Building

2 3 Lecture: Fiscal Policy Read Mc. Connell, pp 613 -617 (Discretionary Fiscal Policy) 9 Last senior project artifact: cover letter. TWO Letters of Recommendation DUE NO School! Go over Midterm Exam! Banking Activity Read Mc. Connell, pp 643 -647 (Federal Reserve/Banking System) Finish going over Midterm Exam! 30 11 Balancing Assets and Liabilities Read Mc. Connell, pp 648 -652 (Crisis) 12 13 Review: Unit II – Measurements of Economic Performance Senior Project Portfolio DUE!!! 19 20 MIDTERM EXAMS (End of 1 st Semester) 25 Stock Market #10 DUE 31 Review: Unit I – Introduction to Economics 18 Introduction to Unit IV: Monetary Policy & The Financial Sector Welcome to Second Semester! 6 Keynesian Rap II Practice Graphing Read Mc. Connell, pp 622 - Read Mc. Connell, pp 627631 (Public Debt & 626 (Fiscal Policy Crowding Out) Criticisms) LAST DAY of REVIEW for Comprehensive Midterm 24 5 Read Mc. Connell, pp 617 -621 (Automatic Stabilizers) 17 Review: Unit III – National Income and Price Keynesian Rap I Practice Graphing Current Event #9 DUE Finish organizing Senior Project Portfolio and prepare for turn in! 16 23 4 Stock Market #9 DUE 10 Organize Senior Project Portfolio and prepare for turn in! Create presentation outline and visual. Martin Luther King Jr. Day! SEC as investment tool 26 Lecture: Money (M 1, M 2, and M 3) 27 The Banking System Read Mc. Connell, pp 640 Read Mc. Connell, pp 636 - -642 (Value of Money) 640 (Definition of Money) Make sure you REVISE your Senior Project Binder when you receive it back from me graded – Take it home and put it in a SAFE place! Seniors will turn their portfolios into the counselling office on March 14, 2017.

1 Current Event #10 DUE Value of Money 2 Fractional Reserve / Banking System The Money Multiplier Read Mc. Connell, pp 655 Read Mc. Connell, pp 660 -662 -659 6 Targeting Interest Rates Open Market Operations 13 Risk v. Return Read Mc. Connell, pp 688 -689 and 692 20 No School! 27 8 Stock Market #11 DUE Monetary Policy Read Mc. Connell, pp 679 -683 Read Mc. Connell, pp 670 -673 President’s Day Holiday! 7 Read Mc. Connell, 679683 14 3 Read Mc. Connell, pp 663 -667 9 Financial Investment & Time Value of Money 10. Stocks, Bonds, & Mutual Funds Read Mc. Connell, pp 684 -687 15 16 17 Introduction to Unit V: Inflation, Unem. , Applying AD/AS LRAS Security Market Line & Stabilization Policies Read Mc. Connell, pp 700 Read Mc. Connell, pp 704 Read Mc. Connell, pp 709 -713 -704 -708 697 -699 Current Event #11 DUE 21 Long-run Phillips 22 23 24 Causes of Macro Short Run Phillips Curve and Laffer Curve Self-Correction Instability Read Mc. Connell, pp 717 Stock Market #12 DUE Read Mc. Connell, pp 724 Read Mc. Connell, pp 729 -720 -734 Read Mc. Connell, pp 720 - -728 724 Rules v. Discretion Begin Economist Project Read Mc. Connell, pp 737 -742 Read Mc. Connell, pp 742 -745 28

Current Event #12 DUE Read Mc. Connell, pp 745 -751 6 Presentations of Economists (Day 1) 7 Presentations of Economists (Day 2) 13 Review Unit IV: Monetary Policy Review Unit V: Fiscal Policy 20 Presentations of Economists (Day 3) 14 Finish Reviewing Unit IV and V Go over Unit IV/V Exam Finish going over Unit IV/V Exam Supply, Demand, equilibrium in World Trade 27 15 Current Event #13 DUE 21 Stock Market #14 DUE 22 – Winner Announced! Introduction to Unit VI: International Trade & Finance Read Mc. Connell, pp 764 Read Mc. Connell, pp 767 -772 -767 3 Last Day to Work on Economist Project (inclass) 9 Presentations of Economists (Day 4) 10 Finish Presentations of Economists 16 Unit IV/V EXAM (Day 1) 17 Unit IV/V EXAM (Day 2) 23 Comparative Advantage & International Trade 24 Specialization and Gains from Trade Read Mc. Connell, pp 754 - Read Mc. Connell, pp 759 758 -763 29 28 Trade Barriers and Export Subsidies Work on Economist Project (in-class) 8 Stock Market #13 DUE Senior Project Portfolio DUE to Counselling Office 2 1 Work on Economist Project (in-class) Current Event #14 DUE 30 (Last ONE!) Senior Celebration Presentations – Half Days! 31

3 4 5 6 7 11 12 13 Human Development 14 Index & Gini Coefficient NO School! 10 Trade Agreements Balance of Payments Read Mc. Connell, pp 772 -777 Read Mc. Connell, pp 780 -785 Developmental Diamond 17 Fixed Exchange Rates & Managed Floats Read Mc. Connell, pp 790 -794 18 Mock AP Exam (Day 1) 19 24 REVIEW 25 Read Mc. Connell, pp 794 -798 20 NO more assigned reading! 21 Go over Mock AP Exam Helpful advice for M/C Section of Exam. Helpful advice for Free Response Questions. Mock AP Exam (Day 2) NO more assigned reading! REVIEW Trade Deficits REVIEW 26 (Unit I) (Unit II) Basic Economic Concepts Measures of Economic Performance 27 REVIEW (Unit II & III) REVIEW (Unit III) Aggregates, NI, and Price Level We’re Almost There! 28

1 REVIEW (Unit III) Aggregates, NI, & Price Level REVIEW (Unit V) Monetary Policy & Banking Fiscal Policy / Economic Remedies 9 (Unit VI) International Trade & Finance 15 17 Prep for International Economics Summit 23 Field Trip: International Economics Summit 29 24 Debrief: International Economics Summit Winner Announced! 30 Senior Finals: 4 , 5, 6 You did it!!! Now it’s time to BREATHE!!! 11 Senior Finals: 1, 2, 3 31 Seniors: Summit Paper DUE Juniors: PPT DUE 5 12 Prepping for International Economics Summit Start Prepping for International Economics Summit Prep for International Economics Summit NO School! 10 AP Macroeconomics EXAM!!! 16 22 Memorial Day! REVIEW (Unit V) (Unit VI) Prep for International Economics Summit 4 REVIEW (Unit IV) REVIEW Go over FRQ Questions 3 REVIEW (Unit IV) 8 REVIEW 2 18 19 Prep for International Economics Summit 25 26 Seniors: Time to work on Summit Paper (Final) Juniors: Time to work on Summit Presentation

Senior Trip 1 Start Monetary Management Unit Ramsey: Investment Final Exams! Early Dismissal! Ramsey: Investment & Wealth Building 6 7 Ramsey: Savings 8 Final Exams! Early Dismissal! 2 Graduation! Ramsey: Savings 5 Senior Breakfast Early Dismissal! 9 LAST DAY OF SCHOOL! Ramsey: Wealth Building -------See you next year!!!