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AP Macroeconomics
The whole economy — GDP, inflation, fiscal and monetary policy — with animated AD-AS graphs.
Diagnostic Score calculator Score distribution Math practice Cheatsheet Study plan External resources
Scored lab investigations
Unit 1 · 5–10%
Basic Economic Concepts
- Scarcity & Opportunity Cost13 min · 3 objectives
- The Production Possibilities Curve14 min · 3 objectives
- Comparative Advantage & Gains from Trade14 min · 3 objectives
- Resource Allocation, Economic Systems & the Circular Flow14 min · 3 objectives
- Terms of Trade: Who Gains, and by How Much15 min · 3 objectives
- Cost–Benefit Analysis & Marginal Decision Rules13 min · 3 objectives
- Consumer Choice & Utility Maximization13 min · 3 objectives
Unit 2 · 12–17%
Economic Indicators & Business Cycle
- Gross Domestic Product14 min · 3 objectives
- Unemployment13 min · 3 objectives
- Inflation & the Business Cycle14 min · 3 objectives
- What GDP Leaves Out14 min · 3 objectives
- The Unemployment Rate: Computing It and Reading It15 min · 3 objectives
- Price Indices & Calculating Inflation15 min · 3 objectives
- Real vs Nominal: Deflating GDP and Comparing Across Years14 min · 3 objectives
- Real Interest Rates & Who Inflation Redistributes To14 min · 3 objectives
- The Business Cycle & Output Gaps14 min · 3 objectives
Unit 3 · 17–27%
National Income & Price Determination
- Aggregate Demand, Aggregate Supply & Equilibrium15 min · 3 objectives
- The Spending & Tax Multipliers14 min · 3 objectives
- Fiscal Policy14 min · 3 objectives
- Building the AD Curve: Slope versus Shift14 min · 3 objectives
- SRAS, LRAS & the Role of Sticky Wages14 min · 3 objectives
- Long-Run Self-Correction14 min · 3 objectives
- Supply Shocks & the Stagflation Dilemma14 min · 3 objectives
- Automatic Stabilizers & the Budget Balance13 min · 3 objectives
- Graphing for the Rubric: Getting AD–AS Points14 min · 3 objectives
Unit 4 · 18–23%
Financial Sector
- Money & the Money Market14 min · 3 objectives
- Banking & the Money Multiplier13 min · 3 objectives
- Monetary Policy14 min · 3 objectives
- Financial Assets & Why Bond Prices Move Opposite to Rates14 min · 3 objectives
- Reading a Bank Balance Sheet: The T-Account15 min · 3 objectives
- The Loanable Funds Market14 min · 3 objectives
- Money Market or Loanable Funds? Choosing the Graph14 min · 3 objectives
- The Federal Reserve's Toolkit13 min · 3 objectives
- Monetary Policy Transmission: From Rate to Real Output14 min · 3 objectives
Unit 5 · 20–30%
Long-Run Consequences of Policy
- The Phillips Curve14 min · 3 objectives
- Deficits, Debt & Crowding Out14 min · 3 objectives
- Economic Growth13 min · 3 objectives
- The Two Phillips Curves & the Role of Expectations15 min · 3 objectives
- Money Growth & Inflation in the Long Run13 min · 3 objectives
- Crowding Out, Shown Properly14 min · 3 objectives
- Deficit versus Debt & the Debt-to-GDP Ratio13 min · 3 objectives
- What Actually Raises Long-Run Growth14 min · 3 objectives
Unit 6 · 10–13%
Open Economy
- The Balance of Payments13 min · 3 objectives
- The Foreign Exchange Market14 min · 3 objectives
- Exchange Rates, Trade & Capital Flows14 min · 3 objectives
- Why the Current and Financial Accounts Mirror Each Other14 min · 3 objectives
- Reading the Forex Graph Without Getting Lost15 min · 3 objectives
- How Monetary Policy Reaches the Exchange Rate14 min · 3 objectives
- Real Interest Rates & International Capital Flows13 min · 3 objectives
- One Shock, Every Graph: A Full Trace15 min · 3 objectives