Read more about Principles of Macroeconomics for AP® Courses 2e

Principles of Macroeconomics for AP® Courses 2e

(1 review)

Steven A. Greenlaw, University of Mary Washington

David Shapiro, Pennsylvania State University

Copyright Year: 2017

ISBN 13: 9781947172432

Publisher: OpenStax

Language: English

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Reviewed by Shengnan Fang, Full-time Faculty, Linn-Benton Community College on 1/11/21

This textbook is designated to AP course, and it covers the major content for principles level class, but also introduces chapters related to worldwide macroeconomic policies, money and banking and how to view macroeconomics from Keynesian and... read more

Table of Contents

  • Chapter 1 Welcome to Economics!
  • Chapter 2 Choice in a World of Scarcity
  • Chapter 3 Demand and Supply
  • Chapter 4 Labor and Financial Markets
  • Chapter 5 The Macroeconomic Perspective
  • Chapter 6 Economic Growth
  • Chapter 7 Unemployment
  • Chapter 8 Inflation
  • Chapter 9 The International Trade and Capital Flows
  • Chapter 10 The Aggregate Demand/Aggregate Supply Model
  • Chapter 11 The Keynesian Perspective
  • Chapter 12 The Neoclassical Perspective
  • Chapter 13 Money and Banking
  • Chapter 14 Monetary Policy and Bank Regulation
  • Chapter 15 Exchange Rates and International Capital Flows
  • Chapter 17 The Impacts of Government Borrowing
  • Chapter 18 Macroeconomic Policy Around the World

Ancillary Material

  • OpenStax
  • About the Book

    Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board’s AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts.

    The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.

    About the Contributors


    Steven A. Greenlaw, University of Mary Washington
    Steven Greenlaw has been teaching principles of economics for more than 30 years. In 1999, he received the Grellet C. Simpson Award for Excellence in Undergraduate Teaching at the University of Mary Washington. He is the author of Doing Economics: A Guide to Doing and Understanding Economic Research, as well as a variety of articles on economics pedagogy and instructional technology, published in the Journal of Economic Education, the International Review of Economic Education, and other outlets. He wrote the module on Quantitative Writing for Starting Point: Teaching and Learning Economics, the web portal on best practices in teaching economics. Steven Greenlaw lives in Alexandria, Virginia with his wife Kathy and their three children.

    David Shapiro, Pennsylvania State University
    David Shapiro is Professor Emeritus of Economics, Demography, and Women’s, Gender, and Sexuality Studies at the Pennsylvania State University. He received a BA in economics and political science from the University of Michigan, and an MA as well as a PhD in economics from Princeton University. He began his academic career at Ohio State University in 1971, and moved to Penn State in 1980. His early research focused on women and youth in the United States labor market. Following a 1978-79 stint as a Fulbright professor at the University of Kinshasa in the Democratic Republic of the Congo, his research shifted focus to fertility in Kinshasa and more broadly, in sub-Saharan Africa. He has also received the top prize for teaching at both Ohio State and Penn State.