AP Macroeconomics 2nd Semester Final Exam Project



AP Macroeconomics Final Project

Fill in the blank of the following sentence: The Economics of _________________________

Relate your topic to the use of 7 or more economic principles or concepts we have studied during the semester and use 3 models to show how your topic fits into the macroeconomic system.

EXAMPLES…

1. The economics of living in a small, or in a large family,

2. The economics of eating 10 soft tacos,

3. The economics of working part time,

4. The economics of attending prom,

5. The economics of driving ________ car,

6. The economics of taking AP or IB exams

7. The economics of playing soccer

Choose a topic related to your life, that you know a lot about.

Topics are to be non-typical economic issues, but the principles used must be economic. That is, you cannot choose to do the economics of interest rates or the economics of inflation.

YOUR TASK…

1. Choose your topic and get teacher approval. Decide how you want to present your topic.

You may use a poster, powerpoint, flip chart, traditional report or any other medium as part of your presentation.

In your project, give a one paragraph (min. 7 sentences) description of your topic. Describe actions or things that are part of your topic

2. Choose and include 7 concepts and principles that apply to your topic.

(a) define/describe each concept (min. 4 sentences)

EXAMPLES… opportunity cost, scarcity, supply/demand (counts as one concept!), resource cost, unanticipated inflation, interest, disposable income, investment, taxes…

3. For each of the 7 concepts, explain how and/or why the concepts and principles apply to your topic.

Minimum 4 sentences for each concept/principle.

Making linkages between concepts or principles is a plus.

How do several concepts work together or counter each other?

4. Choose three graphs/models that help to illustrate how your topic fits into the macroeconomic picture. ALL 3 graphs should be correctly drawn and labeled.

EXAMPLES… circular flow model, production possibilities curve, supply/demand, aggregate supply/aggregate demand, business cycle, foreign exchange, loanable funds, money market, Philips Curve.

5. You turn in your project on Monday May 23rd, 2016

Grading Rubric Name:

|The Economics of |Novice |Competent |Expert |

| | | | |

|________________________ | | | |

|Creativity & Description of the chosen |The topic is an economics principle |The topic meets requirements; |The topic has high interest & is |

|topic |studied in class or presentation is |presentation has interest and some |described; presentation is well planned|

| |basic with minimum information |creative features |with many interesting features |

|10 points | ................
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