Welcome to AP Macroeconomics

This website is designed to help you study and review for AP Macroeconomics. For this website and class, we will use the 5th edition of the Principles of Economics textbook by N. Gregory Mankiw. The textbook can be downloaded online here . For each chapter all the vocabulary terms are given, with their definitions and an explanation of what that definition means (coming soon). In addition, each chapter has an overview of the chapter's lesson (coming soon), and any other relevant information for that chapter. If necessary, an example or two may be used to help explain an idea. Please click on the blue link "Talk" at the top of this page if you wish to ask a question, make a comment, suggest an idea, etc. To return to the home page, simply click the large blue "AP Macroeconomics Wiki" at the top of every page.


For your convenience, the link below will give you the classroom syllabus for Advanced Placement Macroeconomics:



The link below will give you all the homework assignments and their due dates:


Unit Study Guides

The link below will give you the study guide for every unit:

Unit Study Guides


The link below will give you all the equations for Macroeconomics:


The Textbook

Part I: Introduction

Chapter 1 - Ten Principles of Economics

Chapter 2 - Thinking Like An Economist

Chapter 3 - Interdependence and the Gains From Trade

Part II: How Markets Work

Chapter 4 - The Market Forces of Supply and Demand

Chapter 5 - Elasticity and its Application

Chapter 6 - Supply, Demand, and Government Policies

Part III: Markets and Welfare

Chapter 7 - Consumers, Producers, and the Efficiency of Markets

Chapter 8 - Application: The Costs of Taxation

Chapter 9 - Application: International Trade

Part IV: The Economics of the Public Sector

Chapter 10 - Externalities

Chapter 11 - Public Goods and Common Resources

Chapter 12 - The Design of the Tax System

Part V: Firm Behavior and the Organization of Industry

Chapter 13 - The Costs of Production

Chapter 14 - Firms in Competitive Markets

Chapter 15 - Monopoly

Chapter 16 - Monopolistic Competition

Chapter 17 - Oligopoly

Part VI: The Economics of Labor Markets

Chapter 18 - The Markets for the Factors of Production

Chapter 19 - Earnings and Discrimination

Chapter 20 - Income Inequality and Poverty

Part VII: Topics for Further Study

Chapter 21 - The Theory of Consumer Choice

Chapter 22 - Frontiers of Microeconomics

Part VIII: The Data of Macroeconomics

Chapter 23 - Measuring A Nation's Income

Chapter 24 - Measuring the Cost of Living

Part IX: The Real Economy in the Long Run

Chapter 25 - Production and Growth

Chapter 26 - Saving, Investment, and the Financial System

Chapter 27 - The Basic Tools of Finance

Chapter 28 - Unemployment

Part X: Money and Prices in the Long Run

Chapter 29 - The Monetary System

Chapter 30 - Money Growth and Inflation

Part XI: The Macroeconomics of Open Economies

Chapter 31 - Open-Economy Macroeconomics: Basic Concepts

Chapter 32 - A Macroeconomic Theory of the Open Economy

Part XII: Short-Run Economic Fluctuations

Chapter 33 - Aggregate Demand and Aggregate Supply

Chapter 34 - The Influence of Monetary and Fiscal Policy on Aggregate Demand

Chapter 35 - The Short-Run Trade-Off Between Inflation and Unemployment

Part XIII: Final Thoughts

Chapter 36 - Five Debates Over Macroeconomic Policy

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