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®
AP Macroeconomics
Syllabus 2
The initial discussion of this syllabus attempts to get students to think economi-
cally. A detailed outline of the course follows.
Texts
Required Text: Baumol, William J., and Alan S. Blinder. Economics: Principles
and Policy. 7th ed. Fort Worth, Texas: The Dryden Press, 1997.
Supplementary Text: Tucker, Irvin B. Economics for Today. Minneapolis/ St. Paul,
MN: West Publishing Company, 1997.
Course Outline
Unit 1: An Introduction to Economics (4 weeks)
Topic I: Basic Economic Concepts [CR1] CR1—The course
provides instruction
A. Scarcity: What is it? Why is it so important to economic thought? in basic economic
concepts.
B. Opportunity Cost: Define and compute it. Why can it never be avoided?
C. Production Possibilities: Construct and interpret production possibilities
schedules, and graphs; relate production possibilities curves to the issues
of scarcity, choice and cost. Why are most PPCs bowed out?
D. Specialization and Comparative Advantage: Define and calculate
absolute and comparative advantages for production exchange.
E. Functions of Any Economic System
1. Answering the questions: What to produce? How to produce? For
whom to produce?
2. Define ways societies determine allocation, efficiency, and equity.
Topic II: Demand, Supply, and Price Determination [CR3] CR3—The course
provides instruction in
A. Demand: Define and illustrate demand through schedules and graphs.
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