DavidsonNEXT EconomicConceptMap Dft1 Final
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UNIT 1 4 : FOREIGN EXCHANGE MARKETS A. SCARCITY, CHOICE & OPPORTUNITY COSTS B. PRODUCTION POSSIBLITIES CURVE C. COMPARATIVE ADVANTAGE, SPECIALIZATION, AND EXCHANGE D. DEMAND, SUPPLY & MARKET EQUILIBRIUM E. MACROECONOMIC ISSUES: BUSINESS CYCLE, UNEMPLOYMENT, INFLATION, GROWTH BASIC ECONOMIC CONCEPTS I A. FISCAL AND MONETARY POLICY 1. DEMAND-SIDE EFFECTS 2. SUPPLY-SIDE EFFECTS 3. POLICY MIX 4. GOVERNMENT DEFECITS AND DEBT B. THE PHILLIPS CURVE 1. SHORT-RUN & LONG-RUN PHILLIPS CURVES 2. DEMAND-PULL VS. COST-PUSH INFLATION 3. ROLE OF EXPECTATIONS STABILIZATION POLICIES V A. MONEY, BANKING, AND FINANCIAL MARKETS 1. DEFINITION OF FINANCIAL ASSETS: MONEY, STOCKS, AND BONDS 2. TIME VALUE OF MONEY 3. MEASURES OF MONEY SUPPLY 4. BANKS AND CREATION OF MONEY 5. MONEY DEMAND 6. MONEY MARKET AND THE EQUILIBRIUM NOMINAL INTEREST RATE B. LOANABLE FUNDS MARKET 1. SUPPLY OF AND DEMAND FOR LOANABLE FUNDS 2. EQUILIBRIUM REAL INTEREST RATE 3. CROWDING OUT C. CENTRAL BANK & CONTROL OF MONEY SUPPLY 1. TOOLS OF CENTRAL BANK POLICY 2. QUANTITY THEORY OF MONEY 3. REAL VS. NOMINAL INTEREST RATES FINANCIAL SECTOR IV A. NATIONAL INCOME ACCOUNTS 1. CIRCULAR FLOW 2. GROSS DOMESTIC PRODUCT 3. COMPONENTS OF GROSS DOMESTIC PRODUCT 4. REAL VS. NOMINAL GROSS DOMESTIC PRODUCT B. INFLATION MEASURMENT & ADJUSTMENT 1. PRICE INDICES 2. REAL AND NOMINAL VALUES 3. COST INFLATION C. UNEMPLOYMENT 1. DEFINITION AND MEASUREMENT 2. TYPES OF UNEMPLOYMENT 3. NATURAL RATE OF UNEMPLOYMENT MEASUREMENT OF ECONOMIC PERFORMANCE II NATIONAL INCOME AND PRICE DETERMINATION III UNIT 1 : REAL AND NOMINAL VALUES UNIT 3 : AGGREGATE DEMAND UNIT 4 : AGGREGATE SUPPLY UNIT 5 : SHORT RUN MACRO EQUILIBRIUM UNIT 6 : MOVING TO LONG-RUN EQUILIBRIUM A. AGGREGATE DEMAND 1. DETERMINANTS OF AGGREGATE DEMAND 2. MULTIPLIER AND CROWDING-OUT EFFECTS B. AGGREGATE SUPPLY 1. SHORT RUN AND LONG RUN ANALYSES 2. STICKY VS. FLEXIBLE WAGES AND PRICES 3. DETERMINANTS OF AGGREGATE SUPPLY C. MACROECONOMIC EQUILIBRIUM 1. DEFINITION AND MEASUREMENT 2. TYPES OF UNEMPLOYMENT 3. NATURAL RATE OF UNEMPLOYMENT UNIT 10 : MONEY CREATION UNIT 12 : LOANABLE FUNDS UNIT 9 : MONEY & THE MONEY MARKET UNIT 8 : FISCAL POLICY UNIT 11 : MONETARY POLICY UNIT 1 3 : PHILLIPS CURVE A. DEFINITION OF ECONOMIC GROWTH B. DETERMINANTS OF ECONOMIC GROWTH 1. INVESTMENT IN HUMAN CAPITAL 2. INVESTMENT IN PHYSICAL CAPITAL 3. RESEARCH AND DEVELOPMENT, AND TECHNOLOGICAL PROGRESS C. GROWTH POLICY ECONOMIC GROWTH VI A. BALANCE OF PAYMENTS ACCOUNTS 1. BALANCE OF TRADE 2. CURRENT ACCOUNT 2. FINANCIAL (CAPITAL) ACCOUNT B. FOREIGN EXCHANGE MARKET 1. DEMAND/SUPPLY OF FOREIGN EXCHANGE 2. EXCHANGE RATE DETERMINATION 3. CURRENCY APPRECIATION & DEPRECIATION C. IMPORTS, EXPORTS & FINANCIAL CAPITAL FLOWS D. RELATIONSHIPS BETWEEN INTERNATIONAL & DOMESTIC FINANCIAL & GOOD MARKETS OPEN ECONOMY: INTERNATIONAL TRADE AND FINANCE VII UNIT 7 : ECONOMIC GROWTH AP Macroeconomics: Challenging Concepts AP Macroeconomics: Concept Map 10% 7 % 13% 13% 1 8 % 2 5 % BASIC ECONOMIC CONCEPTS NATIONAL INCOME & PRICE DETERMINATION OPEN ECONOMY, INTERNATIONAL TRADE & FINANCE FINANCIAL SECTOR ECONOMIC GROWTH STABILIZATION POLICIES MEASUREMENT OF ECONOMIC PERFORMANCE 1 4 %
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This graphic accompanies AP course materials developed by Davidson College with the College Board and edX.
Transcript of DavidsonNEXT EconomicConceptMap Dft1 Final
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UNIT 14 : FOREIGN EXCHANGE MARKETS
A. SCARCITY, CHOICE & OPPORTUNITY COSTS
B. PRODUCTION POSSIBLITIES CURVE
C. COMPARATIVE ADVANTAGE, SPECIALIZATION, AND EXCHANGE
D. DEMAND, SUPPLY & MARKET EQUILIBRIUM
E. MACROECONOMIC ISSUES: BUSINESS CYCLE, UNEMPLOYMENT, INFLATION, GROWTH
BASIC ECONOMIC CONCEPTSI
A. FISCAL AND MONETARY POLICY 1. DEMAND-SIDE EFFECTS 2. SUPPLY-SIDE EFFECTS 3. POLICY MIX 4. GOVERNMENT DEFECITS AND DEBT
B. THE PHILLIPS CURVE 1. SHORT-RUN & LONG-RUN PHILLIPS CURVES 2. DEMAND-PULL VS. COST-PUSH INFLATION 3. ROLE OF EXPECTATIONS
STABILIZATION POLICIESV
A. MONEY, BANKING, AND FINANCIAL MARKETS 1. DEFINITION OF FINANCIAL ASSETS: MONEY, STOCKS, AND BONDS 2. TIME VALUE OF MONEY 3. MEASURES OF MONEY SUPPLY 4. BANKS AND CREATION OF MONEY 5. MONEY DEMAND 6. MONEY MARKET AND THE EQUILIBRIUM NOMINAL INTEREST RATE
B. LOANABLE FUNDS MARKET 1. SUPPLY OF AND DEMAND FOR LOANABLE FUNDS 2. EQUILIBRIUM REAL INTEREST RATE 3. CROWDING OUT
C. CENTRAL BANK & CONTROL OF MONEY SUPPLY 1. TOOLS OF CENTRAL BANK POLICY 2. QUANTITY THEORY OF MONEY 3. REAL VS. NOMINAL INTEREST RATES
FINANCIAL SECTORIV
A. NATIONAL INCOME ACCOUNTS 1. CIRCULAR FLOW 2. GROSS DOMESTIC PRODUCT 3. COMPONENTS OF GROSS DOMESTIC PRODUCT 4. REAL VS. NOMINAL GROSS DOMESTIC PRODUCT
B. INFLATION MEASURMENT & ADJUSTMENT 1. PRICE INDICES 2. REAL AND NOMINAL VALUES 3. COST INFLATION
C. UNEMPLOYMENT 1. DEFINITION AND MEASUREMENT 2. TYPES OF UNEMPLOYMENT 3. NATURAL RATE OF UNEMPLOYMENT
MEASUREMENT OF ECONOMIC PERFORMANCE
II
NATIONAL INCOME ANDPRICE DETERMINATION
III
UNIT 1 : REAL AND NOMINAL VALUES
UNIT 3 : AGGREGATE DEMAND
UNIT 4 : AGGREGATE SUPPLY
UNIT 5 : SHORT RUN MACRO EQUILIBRIUM
UNIT 6 : MOVING TO LONG-RUN EQUILIBRIUM
A. AGGREGATE DEMAND 1. DETERMINANTS OF AGGREGATE DEMAND 2. MULTIPLIER AND CROWDING-OUT EFFECTS
B. AGGREGATE SUPPLY 1. SHORT RUN AND LONG RUN ANALYSES 2. STICKY VS. FLEXIBLE WAGES AND PRICES 3. DETERMINANTS OF AGGREGATE SUPPLY
C. MACROECONOMIC EQUILIBRIUM 1. DEFINITION AND MEASUREMENT 2. TYPES OF UNEMPLOYMENT 3. NATURAL RATE OF UNEMPLOYMENT
UNIT 10 : MONEY CREATION
UNIT 12 : LOANABLE FUNDS
UNIT 9 : MONEY & THE MONEY MARKET
UNIT 8 : FISCAL POLICY
UNIT 11 : MONETARY POLICY
UNIT 13 : PHILLIPS CURVE
A. DEFINITION OF ECONOMIC GROWTH
B. DETERMINANTS OF ECONOMIC GROWTH 1. INVESTMENT IN HUMAN CAPITAL 2. INVESTMENT IN PHYSICAL CAPITAL 3. RESEARCH AND DEVELOPMENT, AND TECHNOLOGICAL PROGRESS
C. GROWTH POLICY
ECONOMIC GROWTHVI
A. BALANCE OF PAYMENTS ACCOUNTS 1. BALANCE OF TRADE 2. CURRENT ACCOUNT 2. FINANCIAL (CAPITAL) ACCOUNT
B. FOREIGN EXCHANGE MARKET 1. DEMAND/SUPPLY OF FOREIGN EXCHANGE 2. EXCHANGE RATE DETERMINATION 3. CURRENCY APPRECIATION & DEPRECIATION
C. IMPORTS, EXPORTS & FINANCIAL CAPITAL FLOWS
D. RELATIONSHIPS BETWEEN INTERNATIONAL & DOMESTIC FINANCIAL & GOOD MARKETS
OPEN ECONOMY: INTERNATIONAL
TRADE AND FINANCEVII
UNIT 7 : ECONOMIC GROWTH
AP Macroeconomics:Challenging Concepts
AP Macroeconomics: Concept Map
10% 7%13% 13%18% 25%
B A S I C ECONOMIC CONCEPTS
NATIONAL INCOME &P R I C E DETERMINATION
OPEN ECONOMY,I N T E R N AT I O N A L TRADE & FINANCE
FINANCIALSECTOR
ECONOMICGROWTH
STABILIZATION POLICIES
M E A S U R E M E N T OF ECONOMIC P E R F O R M A N C E
14%
