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AP Macro. Exam Self-Assessment
Name: ___________________
Per: ____
Put a number on the line before each topic to describe how comfortable you are with the topic. Depending on the number, this will tell you what topic(s) you need to spend the most time studying and in what order. Focus first on any “1s” then “2s”. These topics are listed in the same order as the “Macroeconomics presentations” links on our website in pdf format.
3= I know it (confident) (
2= I know it pretty well, but need to study it a bit more (somewhat comfortable) (
1= I need to study this a lot more (not comfortable) (
___ 1. The Production Possibilities Curve/Frontier, Constant and Increasing Opportunity Costs,
and Productive and Allocative Efficiency
___ 2. Absolute and Comparative Advantage
___ 3. The Free Market and Command Economies
___ 4. Market Demand, Supply, and Equilibrium
___ 5. The Law of Demand and the Income and Substitution Effects
___ 6. Double Shifts
___ 7. Price Controls- Price Floors and Ceilings
___ 8. The Factor/Resource Market- aka Circular Flow Model
___ 9. Nominal and Real GDP
___ 10. The Velocity, Quantity Theory, and Time Value of Money
___ 11. Economic Fluctuations/Business Cycles
___ 12. Short-run and Long-run Economic Growth
___ 13. Inflation
___ 14. Interest Rates and the Federal Funds Rate
___ 15. Aggregate Demand, Short-run Aggregate Supply, and Long-run Aggregate Supply
___ 16. The Government's Share of GDP and Savings
___ 17. The GDP Deflator and the Consumer Price Index
___ 18. The Foreign Exchange Market (FOREX)
___ 19. Employment and Unemployment
___ 20. Income and The Marginal Propensity to Consume and Save
___ 21. The Money Market and the Loanable Funds Market
___ 22. The Phillips Curve
___ 23. Banking and Stocks and Bonds
___ 24. Fiscal Policy and Deficit Spending
___ 25. Monetary Policy, Open-Market Operations, and the Money Multiplier
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