AP, IB, and College Microeconomic and Macroeconomic Principles 

Macroeconomics Principles Review

Macroeconomics Principles Review

A study guide to help make sure you don’t miss any important concepts when you start your review of microeconomics. ​

The Advanced Placement Macroeconomics exam is more math heavy than the Microeconomics exam. Make sure you are familiar with all of the formulas you find here. 

There are 7 graphs you need to know by the day of the Advanced Placement Macroeconomics exam. This page will help you review the key points for each of them. 

Run down of the Circular Flow Model of the economy along with a 20 question flash review activity to test your knowledge. 

A quick overview of the different parts of the business cycle along with the difficulties that come along with those different parts. There is also a quick activity that covers the different parts of the business cycle. 

Overview of the different methods for calculating GDP and the problems with using it as a perfect measurement for standard of living.

What is the relationship between the nominal interest rate, real interest rate, and inflation rate? The Fisher formula has an answer for us. Learn all about it in the link above. 

Review page covering how to calculate the GDP Deflator and CPI as well as use them to calculate real from nominal values.

Everything you nee to know about the unemployment rate, how it is calculated, different types of unemployment and the natural rate of unemployment. 

Key concepts you need to know about Production Possibilities Curves and an activity to help you practice working with the PPC. There are 20 different scenarios to test your knowledge. 

Review covering APC, APS, MPC, and MPS along with the spending and tax multipliers. There is also a flash game linked at the bottom of the page to practice with the content containing 20 questions and explanations for each answer. 

Extensive review of the AS/AD graph including long-run and short-run equilibrium, shifters, axis labels, etc. There is also a 20 question Flash review game linked at the bottom of the page.

An overview of the entire loanable funds market. It includes labels, determinants of supply and demand, along with different methods for dealing with crowding out. There is also a flash review game to test your knowledge.

Covers all of the basics of fiscal policy, how it impacts the overall economy, the AS/AD model, as well as the loanable funds market. 

Functions of money, sources of value, measures of the money supply, and the quantity theory of money. 

Learn what the time value of money is and how to calculate both present value and future value with a given interest rate. Learn when to include or exclude the inflation rate. 

Covers all the tools of the Federal Reserve that can be used to close an inflationary or recessionary gap. There is a fiscal and monetary policy sorting activity to try when you are done reviewing.

Get a quick review of the different parts of a bank balance sheet then test yourself with an activity that covers bank balance sheets and how actions of the fed, consumers, and bank owners affect a bank balance sheet.

All of the key points to understanding the money market graph along with a flash review game to test yourself and make sure you are ready for exam day.

A full rundown on the Long-run Phillips Curve and Short-run Phillips Curve. Axis labels and determinants are all covered. There is also a 15 question review game to test your understanding. 

Everything you need to know about Absolute Advantage, Comparative Advantage, and Terms of Trade along with a 6 problem (48 question) flash review game. 

Everything you need to know about the foreign exchange markets including every axis, curve, and determinants. Review it all here to prepare for this part of the Advanced Placement Macroeconomics exam. There is also a 20 question Flash review game to make sure you understand it.

The balance of payments is an accounting of transactions between countries. Learn all about it here; then head to the sorting game to test out your knowledge.