Advanced Placement Macroeconomics (also known as AP Macroeconomics, AP Macro, or simply Macro) is a course offered by the College Board as part of the Advanced Placement Program for high school students interested in college-level work in economics. Study begins with fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, comparative advantage, demand, supply, and price determination. Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and in some cases in the same year as) AP Microeconomics. It is equivalent to the introductory course of macroeconomics in college undergraduate level.
Read more about Advanced Placement Macroeconomics: Topic Outline, The Exam, Grade Distribution, Criticism
Famous quotes containing the word advanced:
“This seems to be advanced as the surest basis for our belief in the existence of gods, that there is no race so uncivilized, no one in the world so barbarous that his mind has no inkling of a belief in gods.”
—Marcus Tullius Cicero (106–43 B.C.)