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- A PUBLICATION OF ALBERT.IO -The UltimateStudent’s Guide toAP MacroeconomicsEVERYTHING 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.AP MACROECONOMICS
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TABLE OF CONTENTS8Introduction9About Us12Is AP Macroeconomics Hard?21Production Possibilities Curve (PPC)29Absolute vs. Comparative Advantage36Aggregate Demand
TABLE OF CONTENTS45What Shifts Aggregate Demand and Supply?61The Business Cycle69How to CalculateGross Domestic Product for AP Macroeconomics77Inflation83Unemployment89How to Graph Short-Run Phillips Curves
TABLE OF CONTENTS96The Multiplier Effect101The Spending Multiplier107The Money Multiplier112Crowding Out Effect117Financial Assets124Monetary Policy131Fiscal Policy
TABLE OF CONTENTS138Taxes14710 Must-Know Basic Economic Concepts for AP Economics1566 Ways to Score Big on the AP Macroeconomics Multiple Choice1617 Actionable Strategies for TacklingAP Macroeconomics Free Response
TABLE OF CONTENTS167How to Study for AP Macroeconomics180One MonthAP Macroeconomics Study Guide212The Ultimate List ofAP Macroeconomics Tips
IntroductionAP 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.