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It emphasizes learning to evaluate economic data for relevance, reliability, and importance, and to present reasoned conclusions with clear analysis, synthesis, and evidence in free-response format. The guide details four course goals, required textbook and supplemental resources, and the major Unit 1 scope (Chapters 1, 2, and 5). 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Students learn to assess economic data and weigh evidence and interpretations to reach informed conclusions.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What four goals does the class pursue?",{"text":117,"@type":113},"Increase understanding of the American economic system (output, unemployment, inflation); use graphic representation to explain economic events; apply monetary and fiscal policy to counteract economic problems; and gain enough analytical skill to pass the AP test for university credit.",{"name":119,"@type":110,"acceptedAnswer":120},"What does Unit 1 cover and how is it scheduled over the week?",{"text":121,"@type":113},"Unit 1 introduces economics and the economy through Chapters 1, 2, and 5, covering scarcity, choice, market systems, the circular flow, unemployment/growth, and market failures. The schedule assigns day-by-day reviews and lectures (e.g., opportunity costs and trade advantages) and starts structured activities with homework and quizzes.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},311620,1790083495,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},1099523885336,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","!\" $!%&'(%')'$*%+  \nThe AP program in Macroeconomics is designed to provide students with the analytical skills and factual knowledge necessary to deal critically with the problems and materials in economics. The program prepares students for intermediate and advanced college courses by making demands upon them equivalent to those made by introductory college courses. Students should learn to assess economic data-their relevance to a given interpretive problem, their reliability, and their importance-and to weigh the evidence and interpretations presented in economic scholarship. An AP Macroeconomics course should thus develop the skills necessary to arrive at conclusions on the basis of an informed judgment and to present reasons, analysis, synthesis and evidence clearly and persuasively in a free response format.  \nCOURSE OBJECTIVES:  \nThis course examines the economic system as a whole. The course places special emphasis on the study of national income, price level determination, economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. The goals for the class are four-fold: 1) To increase the students understanding of the American economic system – output, unemployment and inflation. 2) To use graphic representation to explain economic events. 3) To apply monetary and fiscal policy to counteract economic problems. 4) To gain sufficient understanding, analytical skill and problem solving ability to pass the APtest for university credit.  \nTEXTBOOK & SUPPLEMENTAL MATERIALS:  \nMcConnell and Brue, Economics: Principles, Problems, and Policies, AP Edition, 19th edition Boston, McGraw-Hill-Irwin 2012.  \n[www.collegeboard.com](www.collegeboard.com/)[/](www.collegeboard.com/) (official AP website) The Economist Magazine  \nVarious test preparation books will be shared at year-end for your review and use.  \nUNIT 1: AN INTRODUCTION TO ECONOMICS AND THE ECONOMY (1 WEEK)  \nReadings: McConnell and Brue. Chapters 1, 2, and 5.  \nChapter 1-Limits, Alternatives, and Choice. pp 4-22.  \nTopics:  \n• The economic perspective: scarcity and choice, rational behavior, marginalism, benefits and costs.  \n• Why study economics: Economics for citizenship, professional and personal applications  \n• Economic methodology: theoretical economics, policy economics  \n• Macroeconomics and microeconomics: macroeconomics, microeconomics, positive and normative economics  \n• Pitfalls to sound reasoning: biases, loaded terminology, definitions, fallacy of composition, causation fallacies  \n• Appendix to chapter 1: graphs and their meaning  \nReadings: Chapter 2-The Market System and the Circular Flow, pp. 29 – 40 Topics:  \n• The foundation of economics: unlimited wants, scarce resources  \n• Economics: employment and efficiency, full employment, using available resources, full production, using resources efficiently, production possibilities table, production possibilities curve, law of increasing opportunity cost, efficiency revisited  \n• Unemployment, Growth and the Future: unemployment and productive efficiency, a growing economy, a qualification-international trade, examples and applications  \n• Consider this: A matter of degrees, Is college worth the cost?  \n• Economic systems: the market system, the command system  \n• The circular flow model  \n• Characteristics of the market system: private property, freedom of enterprise and choice, self-interest, competition, markets and prices, reliance on technology and capital goods, specialization, use of money, active but limited government  \n• The market system at work: what will be produced, how will goods and services be produced, who will get the goods and services, how will the system accommodate change?  \n• Competition and the “Invisible hand”  \nReadings: Chapter 5-Market Failures. pp 92-109 Topics:  \n• Households as income receivers: functional distribution of income, the personal distribution of income  \n• The business population  \n• Legal forms o","cbCairHQk6TujYCU","https://ap.wps.com/l/cbCairHQk6TujYCU","pdf",119496,23,"English","# Course Objectives\n# Textbook & Supplemental Materials\n# Unit 1: Introduction to Economics and the Economy\n## Readings and Topics\n## Activities and Assessments\n## Schedule","[{\"question\":\"What is the main purpose of the AP Macroeconomics program described here?\",\"answer\":\"To build students’ analytical skills and factual knowledge so they can critically handle economic problems and materials. Students learn to assess economic data and weigh evidence and interpretations to reach informed conclusions.\"},{\"question\":\"What four goals does the class pursue?\",\"answer\":\"Increase understanding of the American economic system (output, unemployment, inflation); use graphic representation to explain economic events; apply monetary and fiscal policy to counteract economic problems; and gain enough analytical skill to pass the AP test for university credit.\"},{\"question\":\"What does Unit 1 cover and how is it scheduled over the week?\",\"answer\":\"Unit 1 introduces economics and the economy through Chapters 1, 2, and 5, covering scarcity, choice, market systems, the circular flow, unemployment/growth, and market failures. The schedule assigns day-by-day reviews and lectures (e.g., opportunity costs and trade advantages) and starts structured activities with homework and quizzes.\"}]","AP Macroeconomics Pacing Guide - Course Objectives and Unit 1 Schedule | PDF",1789894544,58]