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Macroeconomics · AP · High school · Economics

Full College Board Course and Exam Description framework for Macroeconomics · AP, including course-scope topics not assessed on the AP Exam. Topics marked with an asterisk (*) are assessed on the exam. Click a topic for the full text and study materials.

Standards

Click a standard for the full text and study materials.

Unit 1: Basic Economic Concepts

  • 1.1 * — Apply scarcity, opportunity cost, and the production possibilities curve.
  • 1.2 * — Distinguish absolute and comparative advantage in trade examples.

Unit 2: Economic Indicators and the Business Cycle

  • 2.1 * — Calculate and interpret GDP, unemployment, and inflation measures.
  • 2.2 * — Identify phases of the business cycle and related indicators.

Unit 3: National Income and Price Determination

  • 3.1 * — Use AD-AS models to explain short-run output and price level.
  • 3.2 * — Analyze fiscal policy effects on AD and economic outcomes.

Unit 4: Financial Sector

  • 4.1 * — Explain money, banking, and the money market / loanable funds models.
  • 4.2 * — Analyze monetary policy tools and interest-rate transmission.

Unit 5: Long-Run Consequences of Stabilization Policies

  • 5.1 * — Connect growth, productivity, and long-run AS shifts.
  • 5.2 * — Evaluate Phillips curve trade-offs and policy credibility.

Unit 6: Open Economy — International Trade and Finance

  • 6.1 * — Analyze exchange rates, balance of payments, and capital flows.
  • 6.2 * — Use foreign exchange markets to predict currency appreciation/depreciation.

* Assessed on the AP Exam (per the Course and Exam Description). All topics listed; unmarked topics are course scope only.

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AP Course and Exam Description (College Board)

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