AP Macroeconomics Exam Prep Course

AP Exam Prep

Course Overview

Lessons & Practice

I. Welcome

1. Economic Concepts

29min

1.1.1. Definitions8 min

1.1.2. Practice: Definitions51 sec

1.2.1. Production Possibilities Frontier: Concave PPF8 min

1.2.2. Production Possibilities Frontier: Linear PPF3 min

1.2.3. Example: PPF and Opportunity Cost1 min

1.2.4. Example: PPF and Efficiency2 min

1.2.5. Practice: PPF2 min

1.2.6. Practice: Opportunity Cost2 min

1.3.1. Positive vs Normative Economics1 min

1.3.2. Practice: Positive and Normative Statements1 min

2. Gains from Trade

46min

2.1.1. Absolute and Comparative Advantage11 min

2.1.2. Example: Absolute and Comparative Advantage7 min

2.1.3. Practice: Absolute and Comparative Advantage3 min

2.2.1. Gains from Trade8 min

2.2.2. Example: Gains from Trade4 min

2.2.3. Example: Consumption (Trading) Possibility Curve7 min

2.2.4. Practice: Gains from Trade5 min

3. Demand and Supply

43min

3.1.1. Demand9 min

3.1.2. Example: Demand1 min

3.1.3. Practice: Demand2 min

3.2.1. Supply7 min

3.2.2. Practice: Supply1 min

3.3.1. Market Equilibrium5 min

3.3.2. Example: Equilibrium with a Table4 min

3.3.3. Example: Drawing Graphs4 min

3.3.4. Practice: Drawing Graphs3 min

3.3.5. Practice: Graphs with One Good2 min

3.3.6. Practice: Graphs with Two Different Goods3 min

3.3.7. Practice: Equilibrium with Equations2 min

4. Measuring a Nation's Income

55min

4.1.1. Nominal GDP, Real GDP and Deflator9 min

4.1.2. Example: Nominal GDP, Real GDP and Deflator3 min

4.1.3. Example: Deflator Calculation3 min

4.1.4. Practice: Nominal GDP, Real GDP and Deflator1 min

4.1.5. Practice: Real and Nominal GDP1 min

4.2.1. Real GDP Per Capita8 min

4.2.2. Example: Real GDP Per Capita53 sec

4.2.3. Practice: Real GDP Per Capita23 sec

4.3.1. Circular Flow Diagram3 min

4.3.2. Practice: Circular Flow Diagram Practice Question1 min

4.4.1. GDP - Expenditure Approach6 min

4.4.2. Example: GDP - Expenditure Approach55 sec

4.4.3. Practice: GDP - Expenditure Approach40 sec

4.4.4. Practice: GDP and Investment Expenditure35 sec

4.4.5. Practice: GDP and Inventory1 min

4.5.1. GDP - Income Approach5 min

4.5.2. Example: GDP - Income Approach4 min

4.6.1. GDP vs GNP53 sec

4.6.2. Example: GDP vs GNP1 min

4.6.3. Practice: GDP vs GNP55 sec

5. Measuring the Cost of Living and Inflation

28min

5.1.1. CPI (Consumer Price Index)13 min

5.1.2. Example: CPI5 min

5.1.3. Practice: CPI34 sec

5.1.4. Practice: CPI Definition59 sec

5.1.5. Practice: CPI Calculation2 min

5.2.1. Real and Nominal Interest3 min

5.2.2. Example: Real and Nominal Interest2 min

5.2.3. Practice: Real Interest and CPI1 min

5.Q. Checkpoint Quiz1 Qn

6. Unemployment

29min

6.1.1. Labor Force and Unemployment5 min

6.1.2. Example: Labor Force and Unemployment6 min

6.1.3. Practice: Labor Force and Unemployment4 min

6.1.4. Practice: Labor Force2 min

6.1.5. Practice: Unemployment Rate41 sec

6.2.1. Types of Unemployment9 min

6.2.2. Example: Types of Unemployment2 min

6.2.3. Practice: Unemployment1 min

6.Q. Checkpoint Quiz1 Qn

7. Saving, Investment and the Financial System

43min

7.1.1. Financial System6 min

7.1.2. Example: Present Value1 min

7.1.3. Practice: Bonds2 min

7.2.1. Government Budget and National Savings8 min

7.2.2. Example: Paradox of Thrift2 min

7.2.3. Practice: Paradox of Thrift1 min

7.2.4. Practice: National Savings1 min

7.3.1. Loanable Funds12 min

7.3.2. Example: Loanable Funds3 min

7.3.3. Practice: Loanable Funds1 min

7.3.4. Practice: Supply and Demand for Loans1 min

7.3.5. Practice: Government Budget and Loans38 sec

7.3.6. Practice: Budget Deficit and Loans2 min

7.3.7. Practice: Factors That Affect Supply and Demand for Loans2 min

7.Q. Checkpoint Quiz0 Qns

8. Aggregate Demand and Supply

40min

8.1.1. Aggregate Demand11 min

8.2.1. Short Run Aggregate Supply9 min

8.2.2. Long Run Aggregate Supply4 min

8.3.1. Output Gaps (Economic Fluctuations)9 min

8.4.1. Long Run Neutrality of Money7 min

8.Q. Checkpoint Quiz4 Qns

9. Fiscal Policy

29min

9.1.1. Multiplier Effect11 min

9.2.1. Crowding Out12 min

9.3.1. Automatic Stabilizers5 min

9.Q. Checkpoint Quiz3 Qns

10. The Monetary System

20min

10.1.1. Money and Banking Definitions10 min

10.1.2. Bank Reserves10 min

10.Q. Checkpoint Quiz6 Qns

11. Money and Prices in the Long Run

27min

11.1.1. Money Supply and Demand8 min

11.2.1. Velocity of Money6 min

11.3.1. Fisher Effect3 min

11.4.1. Costs of Inflation10 min

11.Q. Checkpoint Quiz0 Qns

12. Monetary Policy

34min

12.1.1. Money Supply and Demand9 min

12.2.1. Monetary Policy, Open Market Operations and Overnight Rate16 min

12.3.1. Monetary Injection and AD8 min

12.Q. Checkpoint Quiz3 Qns

13. Production and Growth

16min

13.1.1. Production and Growth9 min

13.1.2. Example: Production and Growth 2 min

13.1.3. Example: Catch Up Effect2 min

13.1.4. Practice: Production and Growth34 sec

13.1.5. Practice: Catch Up Effect55 sec

13.1.6. Practice: Rule of 7038 sec

13.1.7. Practice: Human Capital59 sec

14. International Flows and Purchasing Power Parity

30min

14.1.1. International Flows of Goods and Services8 min

14.1.2. Practice: International Flows of Goods and Service42 sec

14.1.3. Practice: Net Capital Outflow1 min

14.1.4. Example: International Flows of Goods and Services3 min

14.2.1. Purchasing Power Parity10 min

14.2.2. Practice: Purchasing Power Parity3 min

14.2.3. Practice: Exchange Rate42 sec

14.2.4. Example: Purchasing Power Parity4 min

14.Q. Checkpoint Quiz0 Qns

15. Balance of Payments and Foreign Exchange

23min

15.1.1. Supply and Demand of Foreign Currency11 min

15.2.1. Capital Flight4 min

15.3.1. Balance of Payments8 min

15.Q. Checkpoint Quiz2 Qns

16. Short Run Tradeoff Between Inflation and Unemployment

41min

16.1.1. The Phillips Curve24 min

16.2.1. Stagflation17 min

16.2.2. Practice: Stagflation

16.Q. Checkpoint Quiz6 Qns

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Welcome to AP Macroeconomics!
This Wize course covers the concepts you'll need to get a good score on your AP Macroeconomics exam. You'll also find practice questions to help you master each concept.

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