The Ultimate Student's Guide to AP Macroeconomics

229 Pages·2017·4.07 MB·English

by  Microsoft Office User

- A PUBLICATION OF ALBERT.IO -
AP MACROECONOMICS
The Ultimate
Student’s Guide to
AP Macroeconomics
EVERYTHING YOU NEED TO GET STARTED
*AP® and Advanced Placement® are registered trademarks of the College Board,
which was not involved in the production of, and does not endorse, this product.
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TABLE OF CONTENTS
8
Introduction
9
About Us
12
Is AP Macroeconomics
Hard?
21
Production Possibilities
Curve (PPC)
29
Absolute vs. Comparative
Advantage
36
Aggregate Demand
TABLE OF CONTENTS
45
What Shifts Aggregate
Demand and Supply?
61
The Business Cycle
69
How to Calculate
Gross Domestic Product
for AP Macroeconomics
77
Inflation
83
Unemployment
89
How to Graph Short-Run
Phillips Curves
TABLE OF CONTENTS
96
The Multiplier Effect
101
The Spending Multiplier
107
The Money Multiplier
112
Crowding Out Effect
117
Financial Assets
124
Monetary Policy
131
Fiscal Policy
TABLE OF CONTENTS
138
Taxes
147
10 Must-Know Basic
Economic Concepts for
AP Economics
156
6 Ways to Score Big on
the AP Macroeconomics
Multiple Choice
161
7 Actionable Strategies
for Tackling
AP Macroeconomics Free
Response
TABLE OF CONTENTS
167
How to Study for AP
Macroeconomics
180
One Month
AP Macroeconomics
Study Guide
212
The Ultimate List of
AP Macroeconomics
Tips
Introduction
AP Macroeconomics is no walk in the park. Last year, only 16.1% of students
earned a 5 on the exam.
That’s why we’ve created this comprehensive study tool. It’s intended to be a
helpful resource for any student planning to take the AP Macroeconomics exam.
By beginning here, you’ll have a better understanding of the test, and receive
essential tools to set yourself up for success.
This guide starts by introducing the exam format, curriculum, and scoring
guidelines. Then it includes a series of detailed content guides and crash course
reviews. The last section features study tips and strategies to help you score every
possible point on test day. With this eBook, you’ll be able to confidently take
action in creating your study plan and framing your goals.
This book features information from the Albert Blog, where new academic
resources are published every day of the week. Be sure to regularly check the blog
and subscribe to hear about our new posts. You can also find tips and study guides
for your AP classes, and admissions advice for your dream school on our blog.
E-mail us at [email protected] if you have any questions, suggestions, or comments!
Last Updated: February 2017.
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