Many of you will also be taking the AP Macroeconomics exam. You don’t need to start working on any of this until second semester.
AP Macroeconomics Exam: Wednesday May 16, 2018, 12PM
If you are also taking the AP Macro exam, see the course description and breakdown below to focus your preparation. I would also suggest taking the steps below to prepare. Also, you should sign up for the spring semester AP Government/AP Economics Hoya Block review course.
Step 1: Watch videos to reinforce the content.
Go to Mr. Clifford’s site below and watch as many videos as you can on the AP Macroeconomic topics. I would skip unit 1 since we do that in micro too. Take notes and draw key graphs as you watch.
(You might want to look into buying his ultimate review packet for $10. It is a great review.)
Step 2: Work FRQs to be able to draw/interpret/analyze the key graphs and concepts
Once we have covered macroeconomics in class for the EOC and are nearing the AP exam, you should be in good shape to start working through macro FRQs on your own. The link below will take you to previous years’ questions and the scoring rubrics that go with them. Set aside time to practice these.
The number 1 question from each year usually covers the most topics (AD/AS/LRAS, full employment, inflationary gap, recessionary gap, Phillips Curve, money market, loanable funds market, foreign exchange market) so do as many of those as you can. The #2 and #3 questions usually focus in more specifically on a topic. Pick a few of each below on the specific topics:
Absolute and comparative advantage: 2008 #3, 2004 #3, 2003 #3, 2003 form B #3
Banking, money supply, Federal Reserve: 2001 #3, 2011 #3, 2006 form B #2, 2004 #3, 2009 #3, 2007 #2, 2012 #2
Foreign exchange/currencies/balance of payments: 2002 form B #3, 2006 form B #3, 2004 #2, 2007 form B #3, 2002 #3, 2010 #3, 2008 #2, 2014 #3
Money market and loanable funds markets: 2014 #2, 2010 form B #2, 2006 #2, 2005 form B #3, 2005 #2
Step 3: Work multiple choice questions
I will give you a set of multiple choice questions with the answer key for you to work on your own.
If you would like additional multiple choice questions, I have them but they are supposed to be limited to use in the classroom. I will be glad to let you work on them before school. Even putting in 30 minutes a time or two before school to knock out 20-25 extra questions a time would be beneficial.