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Macroeconomics: the step-by-step guide

23 steps that follow the official AP Macroeconomics units in order, plus the extra topics Cambridge A Level and IB students need. Each step has worked examples, six practice questions with worked answers and a quick self-check.

Unit 1: Basic Economic ConceptsAP Macro Unit 1 (5–10%). These topics are taught in the microeconomics guide:
Unit 2: Economic Indicators and the Business CycleAP Macro Unit 2 (12–17%)
  1. Gross Domestic Product
  2. Unemployment
  3. Inflation and Price Indices
  4. The Business Cycle and Economic Growth
Unit 3: National Income and Price DeterminationAP Macro Unit 3 (17–27%)
  1. Aggregate Demand
  2. The Multiplier New
  3. Aggregate Supply
  4. Macroeconomic Equilibrium
  5. Fiscal Policy
Unit 4: Financial SectorAP Macro Unit 4 (18–23%)
  1. Financial Assets and Interest Rates New
  2. Money and Banking
  3. The Money Market New
  4. Monetary Policy
  5. The Loanable Funds Market New
Unit 5: Long-Run Consequences of Stabilisation PoliciesAP Macro Unit 5 (20–30%)
  1. The Phillips Curve and Expectations
  2. Money Growth and Inflation New
  3. Deficits, Debt and Crowding Out New
  4. Economic Growth and Supply-Side Policy New
Unit 6: Open Economy — International Trade and FinanceAP Macro Unit 6 (10–13%)
  1. Trade, Exchange Rates and the Balance of Payments
  2. The Foreign Exchange Market New
Unit 7: Beyond AP — A Level and IB extrasCambridge A Level and IB topics
  1. Trade Protection and Economic Integration New
  2. Macroeconomic Objectives and Policy Conflicts New
  3. Economic Development New

Go further with the book

The book chapters add more examples, diagrams and practice questions with full answers.

Economics Made Simple Bundle Offer

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  • 914-page textbook, 30 chapters
  • 450 practice questions and mark schemes
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  • 100 real-world case studies
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  • Everything in the Economics bundle
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  • 6 books, 2,000+ worked questions
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Statistics Made Simple Complete Bundle cover showing both the textbook and practice book

Statistics bundle

$16$21
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  • 246-page textbook, 16 chapters
  • 1,569 practice questions, fully worked
  • Excel, R and Stata workshops
  • 80-mark mock paper and 18 datasets
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