1 What You Need to Know About the AP Macroeconomics
Exam
2 How to Plan Your Time
3 Take the Diagnostic Exam
Diagnostic Exam: AP Macroeconomics

4 How to Approach Each Question Type
Section I: Multiple-Choice Questions
Section II: Free-Response Questions

5 Fundamentals of Economic Analysis
5.1 Scarce Resources
5.2 Production Possibilities
5.3 Functions of Economic Systems

6 Demand, Supply, Market Equilibrium, and Welfare Analysis
6.1 Demand
6.2 Supply

6.3 Market Equilibrium
6.4 Welfare Analysis

7 Macroeconomic Measures of Performance
7.1 The Circular Flow Model
7.2 Accounting for Output and Income
7.3 Inflation and the Consumer Price Index
7.4 Unemployment

8 Consumption, Saving, Investment, and the Multiplier
8.1 Consumption and Saving
8.2 Investment
8.3 The Multiplier Effect

9 Aggregate Demand and Aggregate Supply
9.1 Aggregate Demand (AD)
9.2 Aggregate Supply (AS)
9.3 Macroeconomic Equilibrium
9.4 The Trade-Off Between Inflation and Unemployment

10 Fiscal Policy, Economic Growth, and Productivity
10.1 Expansionary and Contractionary Fiscal Policy
10.2 Difficulties of Fiscal Policy
10.3 Economic Growth and Productivity

11 Money, Banking, and Monetary Policy
11.1 Money and Financial Assets
11.2 Fractional Reserve Banking and Money Creation
11.3 Monetary Policy

12 International Trade
12.1 Comparative Advantage and Gains from Trade
12.2 Balance of Payments
12.3 Foreign Exchange Rates
12.4 Trade Barriers