Advanced Placement (AP) Macroeconomics (also known as AP Macro and AP Macroecon) is an Advanced Placement macroeconomics course for high school students that culminates in an exam offered by the College Board.
Study begins with fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, comparative advantage, demand, supply, and price determination.
Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth.
Source:[1] Financial sector: The exam was first held in 1989, along with Microeconomics.
Grade distributions since 2002 are as follows: Tawni Ferrarini, James Gwartney, and John Morton have written that the examination does not adequately cover recent advances in the field: "The AP macroeconomics exam and resources largely reflect the simplistic Keynesian view from the 1960s and 1970s.