College Board-Aligned
AP Macroeconomics
This page follows the current official College Board course outline. Each unit/topic links to original local notes built for studying, practice, and review.
Course Snapshot
6
official units
28
linked topics/skills
Alignment Sources
Units & Topics
Unit 1: Basic Economic Concepts
On the AP exam: 5%-10% of exam score.
- Unit 1 Topic 1: Scarcity Original Notes
- Unit 1 Topic 2: Opportunity cost and the Production Possibilities Curve Original Notes
- Unit 1 Topic 3: Comparative advantage and gains from trade Original Notes
- Unit 1 Topic 4: Supply and demand Original Notes
- Unit 1 Topic 5: Market equilibrium, disequilibrium, and changes in equilibrium Original Notes
Unit 2: Economic Indicators and the Business Cycle
On the AP exam: 12%-17% of exam score.
- Unit 2 Topic 1: The circular flow and GDP Original Notes
- Unit 2 Topic 2: Unemployment Original Notes
- Unit 2 Topic 3: Price indices and inflation Original Notes
- Unit 2 Topic 4: Real vs. nominal GDP Original Notes
- Unit 2 Topic 5: Business cycles Original Notes
Unit 3: National Income and Price Determination
On the AP exam: 17%-27% of exam score.
- Unit 3 Topic 1: Aggregate demand Original Notes
- Unit 3 Topic 2: Short-run and long-run aggregate supply Original Notes
- Unit 3 Topic 3: Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model Original Notes
- Unit 3 Topic 4: Fiscal policy Original Notes
Unit 4: Financial Sector
On the AP exam: 18%-23% of exam score.
- Unit 4 Topic 1: Financial assets Original Notes
- Unit 4 Topic 2: Definition, measurement, and functions of money Original Notes
- Unit 4 Topic 3: Banking and the expansion of the money supply Original Notes
- Unit 4 Topic 4: Monetary policy Original Notes
Unit 5: Long-Run Consequences of Stabilization Policies
On the AP exam: 20%-30% of exam score.
- Unit 5 Topic 1: The Phillips Curve Original Notes
- Unit 5 Topic 2: Money growth and inflation Original Notes
- Unit 5 Topic 3: Government deficits and national debt Original Notes
- Unit 5 Topic 4: Crowding out Original Notes
- Unit 5 Topic 5: Economic growth Original Notes
Unit 6: Open Economy-International Trade and Finance
On the AP exam: 10%-13% of exam score.
- Unit 6 Topic 1: Balance of payments accounts Original Notes
- Unit 6 Topic 2: Exchange rates and the foreign exchange market Original Notes
- Unit 6 Topic 3: Effects of changes in policies and economic conditions on the foreign exchange market Original Notes
- Unit 6 Topic 4: Changes in the foreign exchange market and net exports Original Notes
- Unit 6 Topic 5: Real interest rates and international capital flows Original Notes
Notes
Original EduCompanion Notes
These local notes follow the current College Board AP Macroeconomics unit/topic list.
Unit 1: Basic Economic Concepts
Unit 1 Topic 1: Scarcity
Open College Board-aligned original notes
Unit 1 Topic 2: Opportunity cost and the Production Possibilities Curve
Open College Board-aligned original notes
Unit 1 Topic 3: Comparative advantage and gains from trade
Open College Board-aligned original notes
Unit 1 Topic 4: Supply and demand
Open College Board-aligned original notes
Unit 1 Topic 5: Market equilibrium, disequilibrium, and changes in equilibrium
Open College Board-aligned original notes
Unit 2: Economic Indicators and the Business Cycle
Unit 2 Topic 1: The circular flow and GDP
Open College Board-aligned original notes
Unit 2 Topic 2: Unemployment
Open College Board-aligned original notes
Unit 2 Topic 3: Price indices and inflation
Open College Board-aligned original notes
Unit 2 Topic 4: Real vs. nominal GDP
Open College Board-aligned original notes
Unit 2 Topic 5: Business cycles
Open College Board-aligned original notes
Unit 3: National Income and Price Determination
Unit 3 Topic 1: Aggregate demand
Open College Board-aligned original notes
Unit 3 Topic 2: Short-run and long-run aggregate supply
Open College Board-aligned original notes
Unit 3 Topic 3: Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model
Open College Board-aligned original notes
Unit 3 Topic 4: Fiscal policy
Open College Board-aligned original notes
Unit 4: Financial Sector
Unit 4 Topic 1: Financial assets
Open College Board-aligned original notes
Unit 4 Topic 2: Definition, measurement, and functions of money
Open College Board-aligned original notes
Unit 4 Topic 3: Banking and the expansion of the money supply
Open College Board-aligned original notes
Unit 4 Topic 4: Monetary policy
Open College Board-aligned original notes
Unit 5: Long-Run Consequences of Stabilization Policies
Unit 5 Topic 1: The Phillips Curve
Open College Board-aligned original notes
Unit 5 Topic 2: Money growth and inflation
Open College Board-aligned original notes
Unit 5 Topic 3: Government deficits and national debt
Open College Board-aligned original notes
Unit 5 Topic 4: Crowding out
Open College Board-aligned original notes
Unit 5 Topic 5: Economic growth
Open College Board-aligned original notes
Unit 6: Open Economy-International Trade and Finance
Unit 6 Topic 1: Balance of payments accounts
Open College Board-aligned original notes
Unit 6 Topic 2: Exchange rates and the foreign exchange market
Open College Board-aligned original notes
Unit 6 Topic 3: Effects of changes in policies and economic conditions on the foreign exchange market
Open College Board-aligned original notes
Unit 6 Topic 4: Changes in the foreign exchange market and net exports
Open College Board-aligned original notes
Unit 6 Topic 5: Real interest rates and international capital flows
Open College Board-aligned original notes
Shared Google Drive Notes
No shared Google Drive notes are currently mapped for this course. Local original notes are still available above.
Practice Questions
Each note page includes a quick practice prompt. Use these unit practice cards to review the same way AP questions ask you to apply ideas, evidence, and reasoning.
Unit 1 Practice
Use the linked notes for Basic Economic Concepts to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 2 Practice
Use the linked notes for Economic Indicators and the Business Cycle to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 3 Practice
Use the linked notes for National Income and Price Determination to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Unit 4 Practice
Use the linked notes for Financial Sector to answer AP-style prompts, then check your explanation against the official topic list.
- Define the most important concept from this unit.
- Apply it to a scenario, graph, source, passage, or data table.
- Explain the reasoning that connects evidence to the answer.
Study Guides
Use this as a unit review index. Open each unit, work through the topic notes, then return here to move to the next unit.
Unit 1: Basic Economic Concepts
5 topics to review, 5%-10% of exam score
Unit 2: Economic Indicators and the Business Cycle
5 topics to review, 12%-17% of exam score
Unit 3: National Income and Price Determination
4 topics to review, 17%-27% of exam score
Unit 4: Financial Sector
4 topics to review, 18%-23% of exam score
Unit 5: Long-Run Consequences of Stabilization Policies
5 topics to review, 20%-30% of exam score
Unit 6: Open Economy-International Trade and Finance
5 topics to review, 10%-13% of exam score