Are the Poor Getting Poorer???
AP Macroeconomics Course Description: here Unit/Topic Connection to Krugman textbook: here
"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."
- Thomas Sowell
Unit I - Topics, textbook, and AP Concepts: here
Topic 1: Scarcity, Choice, and Opportunity Cost
Topic 2: Production Possibilities Frontier & Trade (AA & CA)
Topic 3: Economic Systems
Topic 5: Circular Flow Model & Key Macroecon topics
Unit II - Monitoring the Macroeconomy: here Topic 1: GDP & the Circular Flow: here Topic 2: Labor and Unemployment: here Topic 3: Price Indices and Inflation: here Unit III - The Real Economy: here Topic 1: Aggregate Demand: here Topic 2: Aggregate Supply: here Topic 3: AS/AD Model & Macroeconomic Equilibrium: here
Unit IV - The Money Economy:
Topic 1: Money & Banking
Topic 2: Money Creation & Monetary policy
Topic 3: Financial Economics
Unit V - Economic Fluctuations: Fiscal Policy was covered in unit III
Topic 1: Fiscal Policy: Expansion, Contraction, Stabilizers
Topic 2: Fiscal Policy: Lags, Crowding Out, and Debt
Topic 3: Fiscal Versus Monetary Debate
Unit VI - Economic Growth: here
Topic 1: Economic Growth
Unit VII - The Global Economy: here
Topic 1: International Trade: Comparative & Absolute Advantage
Topic 2: Balance of Payments
Topic 3: Exchange Rates
flipped Unemployment: here flipped Inflation & CPI: here
Keynes vs Hayek Part 1: Fear the Boom & Bust
Keynes vs Hayek Part 2: Fight of the Century
Keynes vs Hayek Part 3 Preview...
Economic Growth NOTES: here Economic Growth Assignment: here AP Central: here Current Macroeconomic Data: here EXCELLENT AP Review website: here Unit I continued... Demand & Supply Topics: here
Topic 1: Demand
Topic 2: Supply
Topic 3: Equilibrium
flipped: D & S: here *IGNORE Elasticity & taxes!!!