Macroeconomics and microeconomics pdf

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Unsourced material may be challenged and removed. College Board as part of the Advanced Placement Program for high school students interested in college-level coursework in macroeconomics. Study begins with fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, comparative advantage, demand, supply, and price determination. Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth.

AP Microeconomics, although more students take the former. Section I consists of 60 questions. For example, test-takers should expect to find between 3 and 6 questions of the 60 total questions on the multiple choice section pertaining to “economic growth” because Unit VI.

Tawni Ferrarini, James Gwartney, and John Morton have argued that the examination does not adequately cover recent advances in the field, writing that “he AP macroeconomics exam and resources largely reflect the simplistic Keynesian view from the 1960s and 1970s. 2015 AP Exam Score Distributions”.

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