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 framework. This dedication to the AP® courses keeps students and teachers on track to realize success on the AP® exam.

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

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