Specification points
College Board AP Macroeconomics macroeconomics
114 points in 6 topics, with College Board's codes and titles.
Codes and titles are read by a script from College Board's published specification and have not been checked by a person. What each point covers is in the specification itself: College Board’s specification.
1 Basic Economic Concepts
- 1.1 Scarcity
- MOD-1.A Scarcity and economic resources
- 1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
- MOD-1.B The production possibilities curve
- 1.3 Comparative Advantage and Gains from Trade
- MKT-1.A Absolute and comparative advantage
- MKT-1.B Specialisation and gains from trade
- 1.4 Demand
- MKT-2.A The law of demand
- MKT-2.B Determinants of demand
- 1.5 Supply
- MKT-2.C The law of supply
- MKT-2.D Determinants of supply
- 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
- MKT-2.E Market equilibrium
- MKT-2.F Surpluses, shortages and price adjustment
- MKT-2.G Shifts in demand and supply and equilibrium
2 Economic Indicators and the Business Cycle
- 2.1 The Circular Flow and GDP
- MEA-1.A Measuring GDP and its components
- 2.2 Limitations of GDP
- MEA-1.B Limitations of GDP
- 2.3 Unemployment
- MEA-1.C Labour force and unemployment rate
- MEA-1.D Limitations of the unemployment rate
- MEA-1.E Types of unemployment and the natural rate
- 2.4 Price Indices and Inflation
- MEA-1.F Price indices and inflation
- MEA-1.G Shortcomings of the CPI
- 2.5 Costs of Inflation
- MEA-1.H Costs of unexpected inflation
- 2.6 Real v. Nominal GDP
- MEA-1.I Nominal and real GDP
- MEA-1.J Calculating real GDP and the GDP deflator
- 2.7 Business Cycles
- MEA-2.A The business cycle
3 National Income and Price Determination
- 3.1 Aggregate Demand (AD)
- MOD-2.A Aggregate demand
- 3.2 Multipliers
- MOD-2.B Multipliers and marginal propensities
- 3.3 Short-Run Aggregate Supply (SRAS)
- MOD-2.C Short-run aggregate supply
- MOD-2.D SRAS, inflation and unemployment
- 3.4 Long-Run Aggregate Supply (LRAS)
- MOD-2.E The short run and the long run
- MOD-2.F Long-run aggregate supply
- 3.5 Equilibrium in the Aggregate Demand–Aggregate Supply (AD–AS) Model
- MOD-2.G Short-run and long-run equilibrium
- 3.6 Changes in the AD–AS Model in the Short Run
- MOD-2.H Responses to demand and supply shocks
- 3.7 Long-Run Self-Adjustment
- MOD-2.I Long-run adjustment after demand and supply shocks
- 3.8 Fiscal Policy
- POL-1.A Fiscal policy
- POL-1.B Lags in fiscal policy
- 3.9 Automatic Stabilizers
- POL-1.C Automatic stabilisers
4 Financial Sector
- 4.1 Financial Assets
- MEA-3.A Financial assets: liquidity, return and risk
- 4.2 Nominal v. Real Interest Rates
- MEA-3.B Nominal and real interest rates
- 4.3 Definition, Measurement, and Functions of Money
- MEA-3.C Money and its functions
- 4.4 Banking and the Expansion of the Money Supply
- POL-2.A Banking and expansion of the money supply
- 4.5 The Money Market
- MKT-3.A The money market
- MKT-3.B Money market equilibrium
- MKT-3.C Interest rate adjustment in the money market
- MKT-3.D Shifts in money demand and supply
- 4.6 Monetary Policy
- POL-1.D Monetary policy
- POL-1.E Lags in monetary policy
- 4.7 The Loanable Funds Market
- MKT-4.A The loanable funds market
- MKT-4.B National savings
- MKT-4.C Loanable funds market equilibrium
- MKT-4.D Real interest rate adjustment in loanable funds
- MKT-4.E Shifts in loanable funds demand and supply
5 Long-Run Consequences of Stabilization Policies
- 5.1 Fiscal and Monetary Policy Actions in the Short Run
- POL-1.F Combined fiscal and monetary policy
- 5.2 The Phillips Curve
- MOD-3.A Short-run and long-run Phillips curves
- MOD-3.B Unemployment and inflation in the short and long run
- 5.3 Money Growth and Inflation
- POL-3.A Money growth and inflation
- 5.4 Government Deficits and the National Debt
- POL-3.B Budget deficits and national debt
- 5.5 Crowding Out
- POL-3.C Crowding out
- 5.6 Economic Growth
- MEA-2.B Economic growth and its determinants
- MOD-1.C The PPC and long-run aggregate supply
- 5.7 Public Policy and Economic Growth
- POL-4.A Policies for long-run growth
6 Open Economy—International Trade and Finance
- 6.1 Balance of Payments Accounts
- MEA-4.A The balance of payments
- 6.2 Exchange Rates
- MKT-5.A Exchange rates, appreciation and depreciation
- 6.3 The Foreign Exchange Market
- MKT-5.B The foreign exchange market
- MKT-5.C Equilibrium exchange rate
- MKT-5.D Exchange rate adjustment
- 6.4 Policy and economic changes in the foreign exchange market
- MKT-5.E Determinants of currency demand and supply
- 6.5 Changes in the Foreign Exchange Market and Net Exports
- MKT-5.F Currency values, net exports and aggregate demand
- 6.6 Real Interest Rates and International Capital Flows
- MKT-5.G Real interest rates and international capital flows