Grade 9-12
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Macro AP Economics Series: Unit 3: Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model

Updated: November 18 2021
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Objective

Teachers will be able to:

– Understand AP Macro Concepts on National Income and Price Determination

– Create and interpret graphs of the aggregate demand/aggregate supply model, and describe the effects of changes in either upon price level, employment, and output.

– Explain the forces that naturally press an economy to long-run equilibrium.

– Utilize activities and lessons from the AP Macro Fourth Edition to prepare students for AP tests

– Obtain additional resources and materials to share with their students to enhance student learning.

This content-driven session will explore how the Aggregate Demand/Aggregate Supply model can be used to predict the effects of changes in the larger economy upon price level, employment, and output.

Summary:

In collaboration with Minnesota Council for Economic Education, this content-driven session will explore how the Aggregate Demand/Aggregate Supply model can be used to predict the effects of changes in the larger economy upon price level, employment, and output. Participants will come away with the comfort with the subject matter necessary to answer the toughest questions from students in advanced economics classes. Additionally, we’ll dive into lessons, resources, and other materials that educators can use in their classrooms as they teach this topic. This session is the third part of a four-session unit in which the entire aggregate demand/supply model is studied, and part of a larger series covering Advanced Placement concepts in Macroeconomics.
Subjects:
AP/IB Economics