Major Units of Study for AP Macroeconomics (2016-2017): First Semester: Units I-III and Senior Project Portfolio Unit I: Introduction to Economics Chapter 1: Limits, Alternatives, and Choices Chapter 2: The Market System and the Circular Flow Chapter 3: Demand, Supply, and Market Equilibrium Unit II: Measurements of Economic Performance Chapter 23: Introduction to Macroeconomics Chapter 24: Measuring Domestic Output and National Income Chapter 25: Economic Growth Chapter 26: Business Cycles, Unemployment, and Inflation Unit III: Aggregates, National Income, and Price: Chapter 27: Basic Macroeconomic Relationships Chapter 28: Aggregate Expenditures Model Chapter 29: Aggregate Demand and Aggregate Supply Chapter 30: Fiscal Policy, Deficits, and Debt Second Semester: Units IV-VII, AP Exam, International Economics Summit Competition, and Monetary Management Unit. Unit IV: Monetary Policy and the Financial Sector Chapter 31: Money, Banking, and Financial Institutions Chapter 32: Money Creation Chapter 33: Interest Rates and Monetary Policy Chapter 34: Financial Economics Unit V: Inflation, Unemployment, & Stabilization Policies Chapter 35: Extending the Analysis of Aggregate Supply Chapter 36: Current Issues in macro Theory and Policy Unit VI: International Trade and Finance Chapter 37: International Trade Chapter 38: International Finance Handouts: Developing and Transitional Economies Unit VII: Review for the AP Exam AP Macroeconomics Exam on May 10, 2017. International Economics Summit Competition Monetary Management Unit: Ramsey 1: Savings Ramsey 2: Investment Ramsey 3: Wealth Building Throughout Both Semesters: Current Event Assignment due every other Wednesday Stock Market Portfolios due every other Wednesday

Welcome to Second Semester! AP Macroeconomics - January 2017 2 3 4 5 6 SEC as investment tool Stock Market #9 DUE Read McConnell, pp 617-621 (Automatic Stabilizers) Keynesian Rap I Practice Graphing Read McConnell, pp 622-626 (Fiscal Policy Criticisms) Keynesian Rap II Practice Graphing Read McConnell, pp 627-631 (Public Debt & Crowding Out) Lecture: Fiscal Policy Read McConnell, pp 613-617 (Discretionary Fiscal Policy) Last senior project artifact: cover letter. TWO Letters of Recommendation DUE 9 10 11 Review: Unit I – Introduction to Economics Senior Project Portfolio DUE!!! 12 13 Organize Senior Project Portfolio and prepare for turn in! Create presentation outline and visual. Current Event #9 DUE Review: Unit II – Measurements of Economic Performance Finish organizing Senior Project Portfolio and prepare for turn in! NO School! Martin Luther King Jr. Day! 16 17 18 19 20 Review: Unit III – National Income and Price LAST DAY of REVIEW for Comprehensive Midterm MIDTERM EXAMS MIDTERM EXAMS (End of 1st Semester) 23 24 25 26 27 Introduction to Unit IV: Monetary Policy & The Financial Sector Lecture: Money (M1, M2, and M3) Read McConnell, pp 636-640 (Definition of Money) Welcome to Second Semester! The Banking System Read McConnell, pp 640-642 (Value of Money) Go over Midterm Exam! Finish going over Midterm Exam! Stock Market #10 DUE Banking Activity Read McConnell, pp 643-647 (Federal Reserve/Banking System) 30 31 Balancing Assets and Liabilities Read McConnell, pp 648-652 (Crisis) Make sure you REVISE your Senior Project Binder when you receive it back from me graded – Take it home and put it in a SAFE place! Seniors will turn their portfolios into the counselling office on March 14, 2017.

AP Macroeconomics- February 2017 3 Current Event #10 DUE Value of Money Read McConnell, pp 655-659 Fractional Reserve / Banking System Read McConnell, pp 660-662 The Money Multiplier Read McConnell, pp 663-667 6 7 8 9 10. Stock Market #11 DUE Monetary Policy Read McConnell, 679-683 Open Market Operations Read McConnell, pp 670-673 Targeting Interest Rates Read McConnell, pp 679-683 Financial Investment & Time Value of Money Stocks, Bonds, & Mutual Funds Read McConnell, pp 684-687 13 14 Introduction to Unit V: Inflation, Unem., & Stabilization Policies Read McConnell, pp 700-704 Current Event #11 DUE 15 16 17 Risk v. Return Read McConnell, pp 688-689 and 692 LRAS Read McConnell, pp 704-708 Applying AD/AS Read McConnell, pp 709-713 Security Market Line Read McConnell, pp 697-699 745-751 20 21 Long-run Phillips Curve and Laffer Curve Stock Market #12 DUE Read McConnell, pp720-724 22 23 24 President’s Day Holiday! No School! Short Run Phillips Curve Read McConnell, pp 717-720 Causes of Macro Instability Read McConnell, pp 724-728 Self-Correction Read McConnell, pp 729-734 27 Begin Economist Project Read McConnell, pp 742-745 28 Rules v. Discretion Read McConnell, pp 737-742

AP Macroeconomics - March 2017 Work on Economist Project (in-class) Current Event #12 DUE Read McConnell, pp 745-751 1 2 3 Work on Economist Project (in-class) Last Day to Work on Economist Project (in-class) 6 7 8 9 10 Presentations of Economists (Day 1) Presentations of Economists (Day 2) Stock Market #13 DUE Presentations of Economists (Day 3) Presentations of Economists (Day 4) Finish Presentations of Economists 13 Review Unit V: Fiscal Policy Senior Project Portfolio DUE to Counselling Office 14 15 16 17 Review Unit IV: Monetary Policy Current Event #13 DUE Finish Reviewing Unit IV and V Unit IV/V EXAM (Day 1) Unit IV/V EXAM (Day 2) 20 21 Stock Market #14 DUE – Winner Announced! Introduction to Unit VI: International Trade & Finance 22 23 24 Comparative Advantage & International Trade Read McConnell, pp 754-758 Specialization and Gains from Trade Read McConnell, pp 759-763 Go over Unit IV/V Exam Finish going over Unit IV/V Exam 27 28 29 Supply, Demand, equilibrium in World Trade Read McConnell, pp 764-767 30 31 Current Event #14 DUE (Last ONE!) Trade Barriers and Export Subsidies Read McConnell, pp 767-772 Senior Celebration Presentations – Half Days! Introduction to Unit VI: International Trade and Finance

AP Macroeconomics- April 2017 3 4 5 6 7 Spring Break!!! NO School! 10 11 12 13 Human Development Index & Gini Coefficient NO more assigned reading! 14 Trade Agreements Read McConnell, pp 772-777 Balance of Payments Read McConnell, pp 780-785 Fixed Exchange Rates & Managed Floats Read McConnell, pp 790-794 Trade Deficits Read McConnell, pp 794-798 17 18 19 20 21 Developmental Diamond NO more assigned reading! Go over Mock AP Exam Helpful advice for M/C Section of Exam. Go over Mock AP Exam Helpful advice for Free Response Questions. Mock AP Exam (Day 1) Mock AP Exam (Day 2) 24 REVIEW (Unit I) Basic Economic Concepts 25 REVIEW (Unit II) Measures of Economic Performance REVIEW (Unit II) Measures of Economic Performance 26 27 28 REVIEW (Unit III) Aggregates, NI, and Price Level REVIEW (Unit II & III) We’re Almost There!

AP Macroeconomics- May 2017 REVIEW (Unit IV) Monetary Policy & Banking 2 3 REVIEW (Unit V) Fiscal Policy / Economic Remedies 4 5 REVIEW (Unit IV) Monetary Policy & Banking REVIEW (Unit V) Fiscal Policy / Economic Remedies REVIEW (Unit III) Aggregates, NI, & Price Level 8 9 10 11 12 REVIEW (Unit VI) International Trade & Finance REVIEW (Unit VI) International Trade & Finance AP Macroeconomics EXAM!!! You did it!!! Now it’s time to BREATHE!!! Start Prepping for International Economics Summit Prepping for International Economics Summit 15 16 17 18 19 Go over FRQ Questions Prep for International Economics Summit Prep for International Economics Summit Prep for International Economics Summit Prep for International Economics Summit 22 23 24 25 26 Seniors: Time to work on Summit Paper (Final) Juniors: Time to work on Summit Presentation Seniors: Time to work on Summit Paper (Final) Juniors: Time to work on Summit Presentation Prep for International Economics Summit Field Trip: International Economics Summit Debrief: International Economics Summit Winner Announced! Memorial Day! 29 30 31 Senior Finals: 1, 2, 3 Seniors: Summit Paper DUE Juniors: PPT DUE Senior Finals: 4 ,5, 6 NO School!

AP Macroeconomics - June 2017 Senior Breakfast Senior Trip Start Monetary Management Unit Ramsey: Savings Graduation! Ramsey: Savings 5 6 7 8 9 Final Exams! Early Dismissal! Early Dismissal! LAST DAY OF SCHOOL! Ramsey: Investment Final Exams! Early Dismissal! Final Exams! Early Dismissal! Ramsey: Investment & Wealth Building Ramsey: Wealth Building Have a Wonderful Summer ! ! ! -------------See you next year!!!