AP Macroeconomics-Scope and Sequence Robin Foster

AP Macroeconomics-Scope and Sequence © Robin Foster

Unit 1-Basic Economic Concepts
Objective (SWBAT) / Agenda / Reading / Assessment
1 / Understand course expectations and syllabus / Introduction
Go over syllabus
2 / Define and explain trade-offs and opportunity costs / Powerpoint: Scarcity, Opportunity Cost, PPF
Economic goals worksheet / Mayer pg. 1-8
M&B-Ch 1 w/appendix
M&B-Ch 2 pg. 22-25
5/5-Ch 1 pg. 39-42
5/5-2-Ch 5 pg. 49-53 / Unit 1 Exam
3 / Understand and use the PPF model to evaluate opportunity cost and the level of employment in the economy. / NCEE workbook activity pp 5-8
PPF Gallery Walk / M&B-Ch 2 pg. 25-34
5/5 Ch 1 pp 42-44; 47-49
5/5-2 Ch 5 pg. 53-55; 58-59 / Unit 1 Exam
4 / Distinguish between absolute and comparative advantage; apply the principle of comparative advantage to determine mutually beneficial terms of trade, identify comparative advantage from differences in opportunity cost / Powerpoint-Comparative advantage
NCEE Workbook pg. 12-14
Practice trade FRQ in small groups / Mayer pg. 9-19
M&B-Ch 6
5/5 Ch 1. Pg. 45-47
5/5-2 Ch. 5 pg 55-57 / Unit 1 Exam
Trade FRQ
5 / Identify the functions formed by an economic system / Trade FRQ
Trade barriers worksheet
Powerpoint-Economic systems
Compare/contrast Command and Market Economies / Mayer pg. 21-28 / Unit 1 Exam
6 / Define money, identify characteristics and functions of money, classify money as either M1 or M2 / Read Trade FRQ
Powerpoint-Money
NCEE workbook activity pg. 184-189 / Mayer pg. 29-36
M&B Ch 13. Pg 244-254
5/5 Ch 12 pg. 212-217
5/5-2 Ch 16 pg. 232-238 / Unit 1 Exam
7 / Understand and calculate the time value of money, understand the difference between nominal and real interest rates (Fisher effect) / Powerpoint-Money
Practice FRQ’s-Nominal vs. Real interest rates / Mayer pg. 37-39
M&B-Ch 13 pg. 244-254
5/5-Ch 12 pg. 212-217
5/5-2-Ch 16 pg. 232-238 / Unit 1 Exam
8 / Understand how fractional reserve banking functions to create money in the economy. Calculate the money multiplier. Determine the effects of Federal Reserve policy decisions on bank balance sheets, loans in the banking system and the money supply. / Powerpoint-Multiple Deposit Expansion
NCEE Workbook pg. 195
Practice FRQ’s in pairs / Mayer pg. 39-47
M&B Ch. 14
5/5 Ch 12 pg. 218-220
5/5-2 Ch 16 pg. 239-241 / Unit 1 Exam
Multiple deposit expansion-FRQ
9 / Understand how fractional reserve banking functions to create money in the economy. Calculate the money multiplier. Determine the effects of Federal Reserve policy decisions on bank balance sheets, loans in the banking system and the money supply. / Powerpoint-Multiple Deposit Expansion
NCEE Workbook pg. 195
Practice FRQ’s in pairs / Mayer pg. 39-47
M&B Ch. 14
5/5 Ch 12 pg. 218-220
5/5-2 Ch 16 pg. 239-241 / Unit 1 Exam
Multiple deposit expansion-FRQ
10 / Review prior lessons in preparation for the exam. / Read Multiple Deposit FRQ
Practice AP MC
Review / Mayer pg. 1-47 / Unit 1 Exam
11 / Demonstrate mastery (70%) of all content learned in Unit 1 / Unit 1 exam / Mayer pg. 1-47
Unit 2- Markets
Date / Objective (SWBAT) / Agenda / Reading / Assessment
1 / Understand and graph demand. Know the determinants of demand and demonstrate the effects of changes in determinants on demand. Differentiate between movement along and movement of the demand curve. / Debrief Unit 1 exam
Powerpoint-Supply and Demand
Video Lesson: Supply and Demand
NCEE workbook-pg. 19 / Mayer g. 49-55
M&B Ch. 3 pg. 40-49
5/5-Ch 2 pg. 52-61
5/5-2 Ch 6 pg. 63-72 / Unit 2 Exam
S&D FRQ
2 / Understand and graph supply. Know the determinants of supply and demonstrate the effects of changes in determinants on supply. Differentiate between movement along and movement of the supply curve. Determine how equilibrium price and quantity are determined in a competitive market / Powerpoint-Supply and Demand
Video Lesson: Supply and Demand
NCEE workbook-pg 25, 29-31 / Mayer pg. 56-62
M&B Ch 3 pg. 49-55
5/5 Ch 2 pg. 61-66
5/5-2 Ch 6 pg. 72-77 / Unit 2 Exam
S&D FRQ
3 / Evaluate how changes in supply and demand determinants affect equilibrium price and quantity in a competitive market / Powerpoint-Supply and Demand
Video Lesson-Supply and Demand
S&D practice
Begin Supply and Demand forced march!! / Mayer pg. 49-62
M&B Ch 3 pg. 49-55
5/5 Ch 2 pg. 61-66
5/5-2 Ch 6 pg. 72-77 / Unit 2 Exam
S&D FRQ
4 / Evaluate how changes in supply and demand determinants affect equilibrium price and quantity in a competitive market / Begin forced march, single file lines please!!! / Mayer pg. 49-62
M&B Ch 3 pg. 49-55
5/5 Ch 2 pg. 61-66
5/5-2 Ch 6 pg. 72-77 / Unit 2 Exam
S&D FRQ
5 / Demonstrate the effects of price floors and price ceilings on competitive markets and understand the development of “black markets”. / S&D FRQ
Powerpoint-Supply and Demand / Mayer pg. 87-96 / Unit 2 Exam
Price Floor/ceiling FRQ
6 / Understand the loanable funds theory of interest rate determination in an open, competitive market. Connect changes in saving and borrowing behaviors to changes in the loanable funds market in and the real interest rate / Read S&D FRQ
Price Floors/Ceilings FRQ
Powerpoint-Loanable Funds
Loanable Funds worksheet / Mayer pg. 97-99
M&B Ch 9 pg. 166-172
5/5 Ch 9 pg. 174-177
5/5-2 Ch. 13 pg. 191-194 / Unit 2 Exam
Loanable Funds FRQ
7 / Understand the liquidity preference theory of interest rate determination in the money market. Evaluate the effects of Federal Reserve policy on the money supply and changes in nominal GDP on the demand for money. Understand the components of money demand. Contrast the money market with the loanable funds market. / Read S&D FRQ
Read Price Floor/Ceilings FRQ
Loanable Funds FRQ
Powerpoint: Money Market
Money Market worksheet / Mayer pg. 99-107
M&B Ch 13 pg. 244-254
5/5 Ch 12 pg. 212-217
5/5-2 Ch 16 pg. 232-238 / Unit 2 Exam
Money Market FRQ
8 / Determine who exchange rates come about in the foreign exchange market. Understand the factors that affect supply and demand for currency. Connect changes in trade and financial flows with changes in the exchange rate / Read Price floors/ceiling FRQ
Money Market FRQ
Powerpoint: Foreign exchange
Foreign exchange worksheet
Video Lesson #1: The Frenchman and the Sombrero
Video Lesson #2: Let’s Buy German / Mayer pg 109-114
M&B Ch 38 pg. 756-769
5/5 Ch 13 pg. 234-237
5/5-2 Ch 17 pg. 255-258 / Unit 2 Exam
FOREX FRQ
9 / Classify and calculate the different components in the Balance of Payments… Connect changes in the balance of payments with changes in the goods, loanable funds an foreign exchange markets / FOREX FRQ
Powerpoint-Balance of Payments
Balance of Payments Worksheet
NCEE pg. 302
Video Lesson: Balance of Payments
Powerpoint: Self Correcting Balance of Trade / Mayer pg. 114-119
M&B skim Ch. 37, read Ch 38 pg. 752-756
5/5 Ch. 13 pg. 228-234; 237-239
5/5-2 Ch 17 pg. 249-255; 258-260 / Unit 2 Exam
Balance of Payments FRQ
10 / Review prior lessons in preparation for exam / Read FRQ’s
Practice AP MC / Mayer pg. 49-62; 87-119 / Unit 2 Exam
11 / Demonstrate mastery of all content learned in Unit 2 / Unit 2 Exam
Unit 3-Measuring Economic Performance
Date / Objective (SWBAT) / Agenda / Reading / Assessment
1 / Relate the private, public, foreign and financial sectors of the economy using the circular flow model / Powerpoint-circular flow
3D circular flow / Mayer pg. 121-128
M&B Ch 2 pg. 34-35
5/5-Ch 8 pg. 153-154
5/5-2 Ch. 12 pg. 169-171 / Unit 3 Exam
2 / Define real Gross Domestic Product and calculate real GDP using the expenditure and income approach. Classify expenditures and income / Powerpoint-GDP
Counted or not?
NCEE Workbook pg. 71-73 / Mayer pg. 129-137
M&B Ch. 7
5/5 Ch 8 pg. 155-160
5/5-2 Ch 12 pg. 171-176 / Unit 3 Exam
GDP FRQ
3 / Differentiate between real and nominal GDP. Deflate nominal GDP to arrive at real GDP. / Powerpoint-GDP
NCEE Workbook pg. 68-70 / Mayer pg. 137-141
M&B Ch. 7
5/5 Ch 8 pg. 155-160
5/5-2 Ch 12 pg. 171-176 / Unit 3 Exam
GDP FRQ
4 / Define, classify various labor force measures / GDP-FRQ
Students figure out unemployment activity
Powerpoint-Business Cycle and Unemployment
Classifying Unemployment
NCEE Workbook pg. 85,87 / Mayer pg. 143-149
M&B Ch 8 pg. 136-146
5/5 Ch 8 pg. 160-161; 165-166
5/5-2 Ch 12 pg. 176-177; 181-183 / Unit 3 Exam
Unemp. FRQ
5 / Differentiate between actual unemployment and natural rate of unemployment and the factors that influence each. Understand criticisms of unemployment statistics. / Real GDP FRQ
Powerpoint-Business Cycle and Unemployment / Mayer pg. 149-152
M&B Ch 8 pg. 136-146
5/5 Ch. 8 pg 160-161; 165-166
5/5-2 Ch 12 pg. 176-177; 181-183 / Unit 3 Exam
Unemp FRQ
6. / Understand inflation and how it is measured. Evaluate the cost of inflation by constructing price indices. Know the difference between various inflation measures and the criticisms of each / Read GDP FRQ
Unemployment FRQ
NCEE Workbook pg. 68, pg 75-76 / Mayer pg. 153-163
M&B Ch 8 pg. 146-154
5/5 Ch 8 pg. 161-164
5/5-2 Ch 12 pg 177-181 / Unit 3 exam
Inflation FRQ
7 / Determine the beneficiaries and victims of unanticipated inflation / Read Unemployment FRQ
Inflation Monster
Winners and losers from inflation / Mayer pg. 158-160
M&B Ch 8 pg. 146-154
5/5-Ch 8 pg. 161-164
5/5-2 Ch 12 pg. 177-181 / Unit 3 Exam
Inflation FRQ
8 / Review prior lessons in preparation for exam / Read Unemployment FRQ
Inflation FRQ
Practice AP MC / Mayer pg. 121-160 / Unit 3 exam
9 / Demonstrate mastery of Unit 3 content / Unit 3 exam / Mayer pg. 121-160
Unit 4-Determining National Income
Date / Objective (SWBAT) / Agenda / Reading / Assessment
1 / Describe the determinants of consumption and savings. Calculate both average and marginal propensities to consume. / Debrief unit 3 exam
Read Inflation FRQ
Powerpoint Consumption and Savings
NCEE Workbook pg 111-112 / Mayer pg. 132-134
M&B Ch 9 pg. 159-166
5/5 Ch 9 pg. 170-174
5/5-2 Ch 13 pg. 187-191 / Unit 4 Exam
2 / Understand the determinants of gross private investment. Combine net investment and depreciation to arrive at gross investment. Graph the investment demand model / Powerpoint-Investment Demand
NCEE workbook pg. 119-121 / Mayer pg. 134-135
M&B Ch 9 pg. 166-172
5/5 Ch 9 pg. 174-177
5/5-2 Ch 13 pg. 191-194 / Unit 4 Exam
3 / Calculate spending and tax multipliers
Understand balanced budget multiplier / Powerpoint –Multipliers
NCEE Workbook pg. 116-117 / Mayer pg. 172-173
M&B Ch 10 pg. 182-186; Ch 11 pg. 203-209
5/5 Ch 9 pg 177-180; Ch 10 pg 183-186
5/5-2 Ch 13 pg 194-197; Ch 14 pg 201-204 / Unit 4 Exam
Multiplier FRQ
4 / Understand and graph the aggregate demand curve / Multipliers FRQ
Powerpoint-Aggregate Demand
NCEE workbook pg. 123-125 / Mayer pg. 172-173
M&B Ch 10 pg. 182-186; Ch 11 pg. 203-209
5/5 Ch 9 pg 177-180; Ch 10 pg 183-186
5/5-2 Ch 13 pg 194-197; Ch 14 pg 201-204 / Unit 4 Exam
AD/AS FRQ
5 / Understand and graph the short run and long run aggregate supply curve. Determine national output and the average price level using the aggregate supply/aggregate demand model / Read multipliers FRQ
Powerpoint-Aggregate Supply
Powerpoint-AD/AS model
Video Lesson-AD/AS model
NCEE Workbook pg. 128-129 Part B / Mayer pg. 167-169
M&B Ch 11 pg 209-213
5/5 Ch 10 pg. 186-188
5/5-2 Ch 14 pg.. 204-207 / Unit 4 Exam
AD/AS FRQ
6 / Use the AD/AS model to illustrate demand pull and cost push inflation. Graph initial conditions for an economy in a recession, full-employment and inflationary gap / Read multipliers FRQ
Powerpoint-AD/AS model
Video Lesson-AD/AS model
NCEE workshop pg 131-134 / M&B Ch 11 pg. 214-220
5/5 Ch 10 pg. 188-194
5/5-2 Ch 14 pg. 207-212 / Unit 4 Exam
AD/AS FRQ
7 / Understand how classical and Keynesian assumptions influence the outcomes in the AD/AS model / AD/AS FRQ
Powerpoint-AD/AS model
Video lesson-self correcting economy
Keynesian/Classical Venn / Mayer pg 170-173
M&B Ch 16 pg. 306-311 / Unit 4 Exam
AD/AS FRQ #2
8 / Use the Phillips Curve to understand the inflation, unemployment trade-off that may or may not exist. Relate the AD/AS model to the Phillips Curve / Read AD/AS FRQ
AD/AS FRQ #2
Powerpoint-Phillips Curve / Mayer pg. 173-175
M&B Ch 16 pg. 311-316
5/5 Ch 10 pg. 194-197
5/5-2 Ch 14 pg. 212-215 / Unit 4 Exam
Phillips Curve FRQ
9 / Analyze the Phillips Curve o show the transition from the short run to the long run. / Read AD/AS FRQ
Read AD/AS FRQ #2
Phillips Curve FRQ
Powerpoint-Phillips Curve / Mayer pg. 173-175
M&B Ch 16 pg. 311-316
5/5 Ch 10 pg. 194-197
5/5-2 Ch 14 pg. 212-215 / Unit 4 Exam
Phillips Curve 2 FRQ
10 / Review prior lessons in preparation for exam / Read AD/AS 2 FRQ
Read Phillips Curve FRQ
Phillips Curve 2 FRQ
Practice AP MC / Mayer pg 132-175 / Unit 4 Exam
11 / Demonstrate mastery of all content in Unit 4 / Unit 4 Exam
Read Phillips Curve FRQ
Phillips Curve 2 FRQ / Mayer pg 132-175
Unit 5-Stabilization Policy and Economic Growth
Date / Objective (SWBAT) / Agenda / Reading / Assessment
1 / Analyze the impact of fiscal policy on the AD/AS model and Phillips curves. Determine the effects of fiscal policy on the government’s budget balance. Define crowding out. Differentiate between short run and long run effects / Debrief unit 4 exam
Read Phillips FRQ 2
Powerpoint-Mechanics of Fiscal Policy
NCEE Workbook pg 152-153; 156 / Mayer pg 171-173
M&B Ch 12 pg 224-226
5/5 Ch 11 pg 200-206
5/5-2 Ch 15 pg. 219-225 / Unit 5 Exam
Fiscal Policy FRQ
2 / Analyze the impact of monetary policy on the AD/AS model and Phillips Curves. Differentiate between short run and long run effects / Fiscal policy FRQ
Powerpoint-Mechanics of Fiscal Policy
NCEE Workbook pg. 203
Video Lesson-Mechanics of Monetary Policy
Video Lesson-Graphing Monetary Policy / Mayer pg. 177-187
M&B Ch 15
5/5 Ch 12 pg.220-223
5/5-2 Ch 16 pg 241-244 / Unit 5 Exam
Monetary Policy FRQ
3 / Understand the monetary equation of exchange and the effects of changes in the money supply on the price level and real GDP. / Read Fiscal policy FRQ
Read Monetary policy FRQ
NCEE Workbook pg. 191-192 part A / M&B Ch 19
5/5 Ch 12 pg 223-225
5/5-2 Ch 16 pg 224-246 / Unit 5 Exam
4 / Analyze the combined effects of fiscal policy on the economy and financial markets / Read Fiscal policy FRQ
Read Monetary Policy FRQ
NCEE Workbook pg 239-240; pg 245-248 / Mayer pg 185-186
M&B Ch 19
5/5 Ch 12 pg 223-225
5/5-2 Ch 16 pg 224-246 / Unit 5 Exam
Policy Mix FRQ
5 / Understand the effects of supply side policies on the economy / Read Monetary Policy FRQ
Policy Mix FRQ
Keynote-Supply Side Economics / Mayer pg 180-197
M&B Ch 12 pg 236-237; Ch 16 pg 317-320
5/5 Ch 11 pg 208-209
5/5-2 Ch 15 pg 227-229 / Unit 5 Exam
Supply Side FRQ
6 / Understand the determinants of economic growth. Illustrate growth using both the PPF and AD/AS models / Read Policy Mix FRQ
Supply Side FRQ
Powerpoint-Economic Growth and Productivity
NCEE Workbook pg 148-149; 258-260 / Mayer pg 199-208
M&B Ch 17 and 18
5/5 Ch 11 pg 206-208
5/5-2 Ch 15 pg 225-227 / Unit 5 Exam
Economic Growth FRQ
7 / Review prior lessons in preparation for exam / Read FRQ’s
Economic Growth FRQ
Practice AP MC
8 / Demonstrate Mastery of all content / Released Exam / Mayer pg. 171-208