HST520: AP Macroeconomics

This list is representative of the materials provided or used in this course. Keep in mind that the actual materials used may vary, depending on the school in which you are enrolled, and whether you are taking the course as Independent Study.

For a complete list of the materials to be used in this course by your enrolled student, please visit MyInfo. All lists are subject to change at any time.

Scope & Sequence : Scope & Sequence documents describe what is covered in a course (the scope) and also the order in which topics are covered (the sequence). These documents list instructional objectives and skills to be mastered. K12 Scope & Sequence documents for each course include:

Course Overview

This course is the equivalent of an introductory college-level course. Students learn why and how the world economy can change from month to month, how to identify trends in our economy, and how to use those trends to develop performance measures and predictors of economic growth or decline. Students also examine how individuals and institutions are influenced by employment rates, government spending, inflation, taxes, and production. Students prepare for the AP Exam and for further study in business, political science, and history.

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Course Length

One Semester

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Prerequisites

Success in MTH304:  Honors Algebra II (or equivalent) and a teacher/counselor recommendation

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Course Outline

Unit 1: What Is Economics?

Students learn the different types of economic systems and how economists analyze them. They explore graphs and equations; two key tools economists use to analyze data and present theories. In the College Board's topic outline, the content in this unit maps to Topic I: Basic Economic Concepts (Scarcity: the nature of economic systems; The functions of any economic system).

  • What Is Economics?

Unit 2: Basic Economic Concepts

Students learn the way economists study people's alternatives, the economic decisions people make, and demand and supply as tools for economic market analysis. In the College Board's topic outline, the content in this unit maps to Topic I: Basic Economic Concepts (Opportunity costs and production possibilities; Specialization and comparative advantage; Demand, supply, price determination).

  • Costs and Benefits
  • Production and Trade
  • Demand and Supply

Unit 3: Macroeconomic Variables

Students are introduced to analyzing spending and income of different sectors of an economy, real gross domestic product, the business cycle, unemployment, interest rates, and issues associated with inflation. In the College Board's topic outline, the content in this unit maps to Topic I: Basic Economic Concepts (Gross national product, gross domestic product, and national income concepts; Inflation and price indices; Unemployment).

  • Gross Domestic Product
  • Business Cycles and Unemployment
  • Inflation

Unit 4: The AD/AS Model

Students are introduced to the AD/AS Model, aggregate supply and demand, full employment, and changes in equilibrium. In the College Board's topic outline, the content in this unit maps to Topic III: National Income and Price Determination (Aggregate supply; Aggregate demand).

  • Aggregate Demand and Aggregate Supply
  • Short-Run AD/AS Equilibrium
  • Long-Run AD/AS Equilibrium

Unit 5: Keynesian Economics and Fiscal Policy

Students learn about consumption, investment, Keynesian economics, and fiscal policy. In the College Board's topic outline, the content in this unit maps to Topic III: National Income and Price Determination (Aggregate supply; Aggregate demand; Fiscal-monetary mix).

  • The Keynesian Model
  • Keynes in AD/AS
  • Fiscal Policy

Unit 6: Money

Students learn about money and money demand, the banking system, the Federal reserve and monetary policy, and the combined effects of monetary and fiscal policies. In the College Board's topic outline, the content in this unit maps to Topic III: National Income and Price Determination (Aggregate demand; Money and banking; Fiscal-monetary mix).

  • Money and Banks
  • Monetary Policy
  • Monetary and Fiscal Policy

Unit 7: International Economics

Students learn about the role of international trade, exchange rates, trade barriers, balance of payments, and the effects of government policy amid active international exchange. In the College Board's topic outline, the content in this unit maps to Topic III: National Income and Price Determination (Fiscal-monetary mix), Topic IV: Economic Growth, and Topic V: International Finance, Exchange Rates, and Balance of Payments (International and policy, International finance, exchange rates, and balance of payments).

  • Trade
  • An Open Economy

Unit 8: Preparing for the AP Exam

Students review what they have learned and take the final exam.

  • Comprehensive Macroeconomics
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Lesson Scheduling

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K12 Scope & Sequence documents for each course include:

  • Course Overview (as seen above)
  • Course Outline
  • Lesson Time and Scheduling