Krugman's Macroeconomics for the AP® Course

Third Edition

Publication Date: February 01, 2019

Hardcover ISBN: 9781319113285

Pages: 552

The perfect fit for the AP® Macroeconomics course

AP® Macroeconomics is hard. Krugman’s Macroeconomics for the AP® Course, third edition was created to help you solve the economics puzzle. Assembled by AP® experts and divided into short modules, the organization, language, and emphasis perfectly mirrors College Board’s curriculum...

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Strive for a 5: Preparing for the AP® Macroeconomics Exam

ISBN: 9781319114350
Strive for a 5: Preparing for the AP® Macroeconomics Exam

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Section 1 Basic Economic Concepts
Module 1 The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3 The Production Possibilities Curve Model
Module 4 Comparative Advantage and Trade
AppendixGraphs in Economics
Economics by Example: What

Section 2 Supply and Demand
Module 5 Supply and Demand: Introduction and Demand
Module 6 Supply and Demand: Supply
Module 7 Supply and Demand: Equilibrium
Module 8 Supply and Demand: Price Controls (Ceilings and Floors)
Module 9 Supply and Demand: Quantity Controls
Economics by Example: The Coffee Market

Section 3 Measurement of Economic Performance
Module 10 The Circular Flow and Gross Domestic Product
Module 11 Interpreting Real Gross Domestic Product
Module 12 The Meaning and Calculation of Unemployment
Module 13 The Causes and Categories of Unemployment
Module 14 Inflation: An Overview
Module 15 The Measurement and Calculation of Inflation
Economics by Example: How Can GDP Be UP When We

Section 4 National Income and Price Determination
Module 16 Income and Expenditure
Module 17 Aggregate Demand: Introduction and Determinants
Module 18 Aggregate Supply: Introduction and Determinants
Module 19 Equilibrium in the Aggregate Demand
Module 20 Economic Policy and the Aggregate Demand
Module 21 Fiscal Policy and Multiplier Effects
Economics by Example: How Much Debt is Too Much Debt

Section 5 The Financial Sector
Module 22 Saving, Investment, and the Financial System
Module 23 The Definition and Measurement of Money
Module 24 The Time Value of Money
Module 25 Banking and Money Creation
Module 26 The Federal Reserve System: History and Structure
Module 27 The Federal Reserve System: Monetary Policy
Module 28 The Money Market
Module 29 The Market for Loanable Funds
Economics by Example: How Should We Wield the Tool of Monetary Policy?

Section 6 Inflation, Unemployment, and Stabilization Policies
Module 30Long-Run Implications of Fiscal Policy: Deficits and the Public Debt
Module 31Monetary Policy and the Interest Rate
Module 32Money, Output, and Prices in the Long Run
Module 33Types of Inflation, Disinflation, and Deflation
Module 34Inflation and Unemployment: The Phillips Curve
Module 35History and Alternative Views of Macroeconomics
Module 36Consensus and Conflict in Modern Macroeconomics

Economics by Example: Will Technology Put Everyone Out of Work? Unemployment, Creative Destruction, and Quality of Life

Section 7 Economic Growth and Productivity
Module 37 Long-Run Economic Growth
Module 38 Productivity and Growth
Module 39 Growth Policy: Why Economic Growth Rates Differ
Module 40 Economic Growth in Macroeconomic Models Economics by Example: Why Are Some Countries Rich and Others Poor? Growth Models, Miracles, and the Determinants ofEconomic Development

Section 8 The Open Economy: International Trade and Finance
Module 41 Capital Flows and the Balance of Payments
Module 42 The Foreign Exchange Market
Module 43 Exchange Rate Policy and Macroeconomic Policy
Module 44 Barriers to Trade
Module 45 Putting It All Together
Economics by Example: Is Globalization a Bad Word? Comparative Advantage, Culture Clashes, and International Organizations

AP Practice Exam
Enrichment Modules
Module A:Financial Markets and Crises
Financial Literacy Handbook
Glossary/Glosario

Index

NEW TO THE THIRD EDITION:

SaplingPlus is a new digital solution that combines LearningCurve adaptive quizzing with an integrated e-book, robust online homework, and access to all student and teacher resources in one accessible place.

The accessible, mobile-ready e-book is built to work on the device of choice – computer, tablet, or phone. When used in online mode, countless resources and support tools are only a click away. The e-book can also be downloaded for use when internet access is not available.

Online homework helps students get better grades with targeted instructional feedback tailored to the individual. Student answers and other metrics, such as attempts taken, time spent on each question, etc. flow to the teacher’s gradebook providing insights into both class and individual student performance.

LearningCurve Adaptive Quizzing is a popular and effective adaptive quizzing engine offering individualized question sets and feedback tailored to each student based on correct or incorrect responses. Questions are hyperlinked to relevant e-book content, encouraging students to read and use the resources at hand to enrich their understanding.
The extensive set of program resources – including videos for teachers and students, Teacher’s Resources Materials, EconExtras, and more are embedded in the SaplingPlus courseware, giving users easy access to all program resources.

NEW! Adventures in Economics Videos

Co-Author Dave Anderson, has created short, entertaining videos that review the most important models and concepts in the AP® Macroeconomics course. Referenced at the relevant point in the textbook, students are encouraged to watch the video and complete the companion worksheet to make sure they fully understand these fundamental concepts.

REVISED! Section Review Videos

These section-ending videos help students bring the key concepts together. Emphasis is given to graphing, key economic models, and vocabulary.

INTEGRATED! Economics by Example

Previously supplied in a separate textbook, Dave Anderson’s short, engaging stories explaining each section’s key concepts are now included in the text. Each section concludes with an engaging, narrative review of the main ideas. Critical Thinking questions encourage reflection and debate.

Hallmark Features

Expert AP® Author Team

Margaret Ray and David Anderson bring to the text a combined 40 years of experience with AP® Economics students and teachers. Having graded thousands of AP® exams and worked with hundreds of AP® teachers, they bring a depth of understanding about how to bring economic understanding to high school students and to empower High School teachers.

Alignment to the AP® Topic Outline and Terminology

Because it closely aligns to the AP® exam course content and vocabulary, this book helps students learn the material and terminology necessary to succeed on the AP® exam.

AP® Organization—Flexible Modular Approach

This text is arranged in sections that correspond to the AP® topic outline, with each section divided into four to seven modules. These short modules make for more manageable reading for students and easier pacing for teachers.

More Support for the AP® Exam

AP® Exam Tips in the margins throughout the text offer invaluable on-the-spot advice about key concepts and common pitfalls.

More extensive AP® Exam Practice is included in the Third Edition:

Each set of module-ending Tackle the Test: Preparing for the AP® Exam questions include 7 Multiple-Choice and two FRQS, the first of which includes a sample rubric.
Each section ends with an expanded set of AP® Exam Practice Questions – 25 MC questions and 3 FRQs.

Full length AP®-style practice exam at the end of the text, and one more in the Teacher’s Resource Materials, help students simulate the exam and assess areas of understanding that may need more review.

Strive for a 5 study & prep guide helps students evaluate their understanding of the material covered in the textbook, reinforce key concepts, develop conceptual understanding and graphing skills, and prepare to succeed on the AP® Macroeconomics Exam.

"... My favorite piece of this publication is the question section and your ability to craft AP®-like questions to offer insights into what students may face on the test. I offer my sincerest gratitude for crafting such a textbook that should be the standard for how all texts are to be written."
— Ryan Oto, Lakeville North High School (WI)*

"[Krugman’s AP® textbook] is user friendly - short modules instead of 30 page chapters with great illustrations and really good ancillary materials. My kids really liked the way the book is organized - they said it made so much sense and was easy to use."
— Janis Brewer, North County High School (MA)*

Margaret Ray

Margaret Ray teaches economics at both the university and high school levels. She is an AP® Economics instructor for Johns Hopkins University’s Center for Talented Youth and is a member of the economics department faculty at Texas A&M University in College Station, Texas. She received her BS in economics from Oklahoma State University and her PhD in economics from the University of Tennessee. In 2012, she received her MEd in curriculum and instruction and became certified to teach K–12 social studies. She has taught AP® Economics at several high schools in Virginia and has received the Council on Economic Education’s Excellence in Teaching Economics award. She has been involved in the AP® Economics program since 1992, serving as a reader and question leader, writing test items, overseeing the AP® course audit, writing College Board® “Special Focus” articles, and editing the Council on Economic Education’s AP® Macroeconomics resource. She has been a College Board® Endorsed Consultant for economics since 2001, and she conducts several professional development workshops and institutes each year. Her favorite hobby is showing hunter-jumper horses adopted from bracehorse rescue organizations. She lives on a small farm in central Texas.

David A. Anderson

David Anderson is the Paul G. Blazer Professor of Economics at Centre College. He received his BA in economics from the University of Michigan and his MA and PhD in economics from Duke University. Anderson has been involved in the AP® Economics programs for more than two decades. For five years he led the grading of one or both of the AP® Economics exams, and he speaks regularly at AP® conferences and workshops. He has authored dozens of scholarly articles and 15 books, including Explorations in Economics, Survey of Economics, Cracking the AP® Economics Exam, Economics by Example, Favorite Ways to Learn Economics, and Environmental Economics and Natural Resource Management . His research is primarily on economic education, environmental economics, law and economics, and labor economics. Anderson loves teaching introductory economics and has won awards for excellence and innovation in the classroom. His favorite hobby is running, and he competes in marathons and triathlons. He lives in Danville, Kentucky, with his wife and two children.