These are the major units of AP* Macroeconomics. Click on a topic below for review videos, questions, assignments, key terms and lesson plan ideas for the classroom.
Be sure to understand these six core economic principles found in the "Handy Dandy Guide." Commit them to memory and master them.
1. People Economize
2. All Choices Involve Cost
3. People Respond to Incentives
4. Economic Systems Influence Individual Choices and Incentives
5. Voluntary Trade Creates Wealth
6. The Consequences of Choices Lie in the Future
Recommended books to help you better understand basic economic concepts:
Predictably Irrational By Dan Ariely provides an introduction to the study of behavorial economics.
Discover Your Inner Economist by Tyler Cowen applies basic economic reasoning to daily life.
The Economic Naturalist by Robert H. Frank is a collection of economic problems that Professor Frank's students solved.
Freakonomics by Steven D. Levitt and Stephen J. Dubner applies basic economic reasoning to life with a focus on individual incentives.
Superfreakonomics by Steven D. Levitt and Stephen J. Dubner applies basic economic reasoning again.
The Armchair Economist by Steven E. Landsburg applies basic economic reasoning to life.
New Ideas From Dead Economists by Todd G. Buchholz gives an overview of history's most popular economists and applies 21st century ideas to their theories.
The Worldly Philosophers by Robert L. Heilbroner explores history's most popular economists.
The Return of Depression Economics by Paul Krugman analyzes economic lessons from Japan's "lost decade."
Economic Facts and Fallacies by Thomas Sowell uses economic reasoning to explore social issues.
The Baseball Economist by J.C. Bradbury applies basic economic principles to baseball.