AP Unit IX: Macro Intro

1) National income accounts (Scales Unit 9)
a)       Circular flow
b)       Gross domestic product
c)        Components of gross domestic product
d)       Real versus nominal gross domestic product
2) Inflation measurement and adjustment
a)       Price indices
b)       Nominal and real values
c)       Costs of inflation
3) Unemployment
a)        Definition and measurement
b)        Types of unemployment
c)        Natural rate of unemployment

Readings: Module 2, 10, 11, 12, 13, 14, 15, 33, 37, 38
Assignments: p.15, p.111, p.32(#6), p.150(#1,2), p.151-155((#3,6,7,13-15,17,19)
MC Section 3

Review Videos
Real GDP

Types of Unemployment

.PDF of Circular Flow

Class notes
Unemployment/Inflation #2

What is CPI and what does it measure?
CPI Worksheet

Practice Test

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Can Economics Help You Be a Better Parent?
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