Advanced Placement Macroeconomics Study Notes

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1 Ad va n c ed Pla c emen t Ma c roec on omi c s S t ud y N ot es 17t h ed i t i on of Mc C on n ell a n d Brue Mrs . Peg g y Pri d e T ea c h er Macroeconomics Key Learning Outcomes 1. Define the science of economics 2. Distinguish between opportunity cost, scarcity and trade-offs. 3. Distinguish between Macroeconomics and microeconomics 4. List the three basic economic questions 5. Define comparative advantage and specialization and benefits of exchange 6. Use a production possibilities curve to demonstrate opportunity cost and growth 7. List the determinants of demand and supply curves 8. Recognize which factors will cause demand curves or supply curves to shift to shift 9.

Advanced Placement Macroeconomics Study Notes 17th edition of McConnell and Brue Mrs. Peggy Pride Teacher . Macroeconomics Key Learning Outcomes 1. Define the science of economics ... List the three basic economic questions 5. Define comparative advantage and specialization and benefits of exchange 6. Use a production possibilities curve to ...

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