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Advanced Placement Macroeconomics—Florida VirtualPre-Requisites: Credits: 0.5 (per segment)Estimated Completion Time: 1 segment / 16-18 weeksDescriptionYou 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 standards from the Florida Department of Education:Course description: the site link below to view the PDF of the course description from the College Board:: This course meets the Economics high school graduation requirement.Major Topics and ConceptsSegment 1??Overview of Advanced Placement??Economic Basics??Scarcity and Opportunity Costs??Production Possibilities Curves??Absolute and Comparative Advantage??Demand??Supply??Equilibrium??Price Ceilings and Floors??Circular Flow??Gross Domestic Product??Inflation and Price Indices??Business Cycle??Unemployment??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 ReviewRequired MaterialsCourse ObjectivesGrading PolicyBesides engaging students in challenging curriculum, the course guides students to reflect on their learning and evaluate their progress through a variety of assessments. Assessments can be in the form of practice lessons, multiple choice questions, writing assignments, projects, research papers, oral assessments, and discussions. This course will use the state-approved grading scale. Each course contains a mandatory final exam or culminating project that will be weighted at 20% of the student’s overall grade.Additional course requirements may exist based on specific expectations for individual courses. More information can be found in FLVS policy documents, published at , or by referring to the course instructor after registration.Advanced Placement PolicyStudents entering high school grades 9-12 have access to Advanced Placement courses that may result in earning college credit for high school coursework. These courses are used to calculate overall Grade Point Average (GPA) and typically count extra in the calculation. These courses are also available at no charge to Florida public school students, whereas they may have a tuition cost if taken in college. (S. 1003.02, F.S.)A passing grade in the course will be accepted for high school credit.? Postsecondary institutions determine college credit awarded, based on the AP Exam score earned.? FLVS strongly encourages students who take AP courses to sit for the course AP Exam in May.? Students shall be exempt from payment of any fees associated with AP Exam participation, with the exception of late test registration fees incurred by the student.?Communication PolicyBesides 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. ................
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