Students must take the Advanced Placement Exam in order to receive Advanced Placement credit. Students who do not take the AP® Exam will be awarded Honors Economics credit.
You have been called upon to assist the leader of the Macro Islands who is running for reelection next year. The economy is in shambles, and you need to come up with some feasible solutions. This will not only help the people of the Macro Islands but will also ensure a victory for your employer.
You were hired through the Internet and are being invited to travel first class to the Macro Islands where you can learn firsthand about the situation. You arrive at Pineapple Airport in the middle of the day and are met by a man with a briefcase who is holding a sign with your name on it. You approach the man and introduce yourself.
"I'm Mr. Scarcity," he says. "I'll be your guide as you learn about the economic situation of the islands. You need to learn everything you can about macroeconomics and the Macro Island’s economy for your presentation to our island leader in May." (Your AP Exam)
Access the site link below to view the PDF of the course description from the Florida Course Code directory.
• Overview of Advanced Placement
• Economic Basics
• Scarcity and Opportunity Costs
• Production Possibilities Curves
• Absolute and Comparative Advantage
• Price Ceilings and Floors
• Circular Flow
• Gross Domestic Product
• Inflation and Price Indices
• Business Cycle
• Classical Economics
• Aggregate Supply
• Aggregate Demand
• Propensities and Multipliers
• Equilibrium in the AD/AS Model
• Economic Growth and Productivity
• Understanding the AD/AS Model
• Comparative Advantage and International Trade
• Balance of Payments
• Exchange Rates, Financial Capital, and Net Exports
• Foreign Exchange Markets
• Free Trade and Trade Barriers
• Understanding International Trade and Finance
• The Money Supply
• Money Creation and the Money Multiplier
• The Time Value of Money
• Loanable Funds Market
• Equation of Exchange
• Modern Theories
• Fiscal Policy Review
• Automatic Stabilizers
• Economic Impact of Debt and Deficit
• The Federal Reserve System
• Introduction to Monetary Policy
• Graphing Monetary Policy
• Phillips Curve
• Understanding Policies
• Simulated Multiple Choice Exam
• Guided Review
|Course Assessment and|
Besides engaging students in challenging curriculum, FLVS guides students to reflect on their learning and to evaluate their progress through a variety of assessments. Assessments can be in the form of self-checks, practice lessons, multiple choice questions, writing assignments, essays, Discussion-Based Assessments, and discussions. Instructors evaluate progress and provide interventions through the variety of assessments built into a course, as well as through contact with the student in other venues.
College Board has authorized FLVS to use the AP designation. AP and Advanced Placement are registered trademarks of The College Board.