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Krugman's Macroeconomics for AP* & Economics by Example
First Edition©2011 Margaret Ray; David A. Anderson
Table of Contents
Module 1. The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3. The Production Possibilities Curve Model
Module 4. Comparative Advantage and Trade
Appendix: Graphs in Economics
Module 5. Supply and Demand: Introduction and Demand
Module 6. Supply and Demand: Supply and Equilibrium
Module 7. Supply and Demand: Changes in Supply and Demand
Module 8. Supply and Demand: Price Controls (Ceilings and Floors)
Module 9. Supply and Demand: Quantity Controls
Module 10. The Circular Flow Model and Gross Domestic Product
Module 11. Interpreting Real Gross Domestic Product
Module 12. The Meaning and Calculation of Unemployment
Module 13. The Causes and Categories of Unemployment
Module 14. Inflation: An Overview
Module 15. The Measurement and Calculation of Inflation
Module 16. Income and Expenditures
Module 17. Aggregate Demand: Introduction and Determinants
Module 18. Aggregate Supply: Introduction and Determinants
Module 19. Equilibrium in the Aggregate Demand/Aggregate Supply Model
Module 20. Economic Policy and the Aggregate Demand/Aggregate Supply Model
Module 21. Fiscal Policy and the Multiplier
Module 22. Saving, Investment and the Financial System
Module 23. Definition and Measurement of Money
Module 24. The Time Value of Money
Module 25. Banking and Money Creation
Module 26. The Federal Reserve System: History and Structure
Module 27. The Federal Reserve System: Monetary Policy
Module 28. The Money Market
Module 29. The Market for Loanable Funds
Module 30. Long-run Implications of Fiscal Policy: Deficits and the Debt
Module 31. Monetary Policy and the Interest Rate
Module 32. Money, Output, and Prices in the Long Run
Module 33. Types of Inflation, Disinflation, and Deflation
Module 34. Inflation and Unemployment: The Phillips Curve
Module 35. History and Alternative Views of Macroeconomics
Module 36. The Modern Macroeconomic Consensus
Module 37. Long-run Economic Growth
Module 38. Productivity and Growth
Module 39. Growth Policy: Why Economic Growth Rates Differ
Module 40. Economic Growth in Macroeconomic Models
Module 41 Capital Flows and the Balance of Payments
Module 42 The Foreign Exchange Market
Module 43 Exchange Rate Policy
Module 44 Exchange Rates and Macroeconomic Policy
Module 45 Putting it All Together
Margaret Ray
Margaret Ray teaches economics at both the university and high school levels. She is an AP® Economics instructor for Johns Hopkins University’s Center for Talented Youth and is a member of the economics department faculty at Texas A&M University in College Station, Texas. She received her BS in economics from Oklahoma State University and her PhD in economics from the University of Tennessee. In 2012, she received her MEd in curriculum and instruction and became certified to teach K–12 social studies. She has taught AP® Economics at several high schools in Virginia and has received the Council on Economic Education’s Excellence in Teaching Economics award. She has been involved in the AP® Economics program since 1992, serving as a reader and question leader, writing test items, overseeing the AP® course audit, writing College Board® “Special Focus” articles, and editing the Council on Economic Education’s AP® Macroeconomics resource. She has been a College Board® Endorsed Consultant for economics since 2001, and she conducts several professional development workshops and institutes each year. Her favorite hobby is showing hunter-jumper horses adopted from bracehorse rescue organizations. She lives on a small farm in central Texas.
David A. Anderson
David Anderson is the Paul G. Blazer Professor of Economics at Centre College. He received his BA in economics from the University of Michigan and his MA and PhD in economics from Duke University. Anderson has been involved in the AP® Economics programs for more than two decades. For five years he led the grading of one or both of the AP® Economics exams, and he speaks regularly at AP® conferences and workshops. He has authored dozens of scholarly articles and 15 books, including Explorations in Economics, Survey of Economics, Cracking the AP® Economics Exam, Economics by Example, Favorite Ways to Learn Economics, and Environmental Economics and Natural Resource Management . His research is primarily on economic education, environmental economics, law and economics, and labor economics. Anderson loves teaching introductory economics and has won awards for excellence and innovation in the classroom. His favorite hobby is running, and he competes in marathons and triathlons. He lives in Danville, Kentucky, with his wife and two children.
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