AP Macroeconomics Exam Prep
2025 Spring
AP Macroeconomics Exam Prep
Online
Instructor: Bharucha
Sunday 3 – 5PM CST
Dates: Feb 9 to May 4
No Class Date: March 9
Fee: $799
Class Description
The AP Macroeconomics Exam will test your understanding of the economic concepts covered in the course, as well as your ability to define economic principles and models; explain given economic outcomes; determine outcomes of specific economic situations; and model economic situations using graphs or visual representations. A four-function calculator is permitted for use on both sections of the exam.
This is a hybrid digital exam. You’ll complete multiple-choice questions and view free-response questions in the Bluebook testing app. You’ll handwrite your free-response answers in paper exam booklets.
Exam Duration
2hrs 10mins
Homework
Weekly homework will be assigned. It will take approximately 45 – 90 minutes to complete.
Exam Date
Friday, May 9, 2025: 12 PM Local
Section I: Multiple Choice
60 Questions 1hr 10mins 66% of Score
Questions require the use of economics content knowledge and reasoning across the range of course topics and skills. You’ll be asked to:
- Define economic principles and models
- Explain given economic outcomes
- Determine the outcomes of specific economic situations
Section II: Free Response
3 Questions 1hr 33% of Score
The 60-minute time limit for this section includes a 10-minute reading period.
- 1 long free-response question (50% of section score)
- 2 short free-response questions (each worth 25% of section score)
You’ll be asked to:
- Make assertions about economic concepts, principles, models, outcomes, and/or effects
- Explain economic concepts, principles, models, outcomes, and/or effects
- Perform numerical analysis and calculations
- Create graphs or visual representations
Mr. Bharucha earned a Bachelor of Arts from Texas Christian University, then went on to the University of Texas at Austin for his classes in education. He earned his MBA in 2011 and is currently working towards a graduate degree in Economics.
Mr. Bharucha has taught for more than 20 years including AP Macroeconomics and AP Microeconomics. He has graded AP Macroeconomics tests for 9 years—one year he was a manager at the reading. The passing rate on the AP exam amongst Mr. Bharucha’s students for both AP Macro and AP Micro is above 91%.
Mr. Bharucha has won many student nominated awards including Wrestler Teacher of the Month twice, Sapphires Teacher of the Week four times, and Outstanding Teacher three times. He’s a student-centered teacher who puts the needs of his students first. Mr. Bharucha prides himself on caring for his students, showing patience, teaching in a way that students can understand, and helping students achieve their goals.
Weekly Schedule
Week 1 – Basic Economic Concepts Unit I; Production Possibilities Curve, Opportunity Cost, Comparative and Absolute Advantage
Week 2 – Supply and Demand, Foreign Exchange
Week 3 – Review Foreign Exchange; Aggregate Demand/Aggregate Supply/Long Run Aggregate Supply; What shifts the AD curve? What shifts the SRAS curve? What shifts the LRAS curve? Effects on PL, GDP, inflation, and u when AD and/or SRAS shift, what will happen in the long run given no government policy interventions?
Week 4 – Finish Aggregate Demand/Aggregate Supply; Investment Demand; Start on Fiscal Policy
Week 5 – Fiscal Policy and Loanable Funds Market–Crowding Out, what moves SLF, what moves DLF, effects of DLF/SLF changes; Spending and Tax Multiplier
Week 6 – Unit IV Monetary Policy (Limited Reserves Environment); Money Market, Excess Reserves, Required Reserves, What changes Money Supply? What changes Money Demand? Effects of changes in MS, effects of changes in MD
Week 7 – Continue with Monetary Policy (Limited Reserves Environment); Real wages in the short run, how monetary policy affects Long Run Aggregate Supply/Economic Growth. Money Multiplier
Week 8 – Phillips Curve, Short Run Phillips Curve, Long Run Phillips Curve; Review of AS/AD, Fiscal Policy, Monetary Policy
Week 9 – Balance of Payments; Business Cycle
Week 10 – Calculating GDP, Unemployment, and Inflation; types of unemployment, types of inflation, who benefits from high rates of inflation
Week 11 – Monetary Policy in an Ample Reserves Environment
Week 12 – Review
Unit 1: Basic Economic Concepts
You’ll start the course with an introduction to economic concepts, principles, and models that will serve as a foundation for studying macroeconomics.
Topics may include:
- Scarcity
- Opportunity cost and the Production Possibilities Curve
- Comparative advantage and gains from trade
- Supply and demand
- Market equilibrium, disequilibrium, and changes in equilibrium
Unit 2: Economic Indicators and the Business Cycle
You’ll look at how economic phenomena such as employment and inflation are measured.
Topics may include:
- The circular flow and GDP
- Unemployment
- Price indices and inflation
- Real vs. nominal GDP
- Business cycles
Unit 3: National Income and Price Determination
You’ll explore how changes in aggregate spending and production, economic fluctuations, and policy actions affect national income, unemployment, and inflation.
Topics may include:
- Aggregate demand
- Short-run and long-run aggregate supply
- Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model
- Fiscal policy
Unit 4: Financial Sector
You’ll examine the financial sector and explain how monetary policy is implemented and transmitted through the banking system.
Topics may include:
- Financial assets
- Definition, measurement, and functions of money
- Banking and the expansion of the money supply
- Monetary policy
Unit 5: Long-Run Consequences of Stabilization Policies
You’ll spend more time exploring the effects of fiscal and monetary policy actions and examine the concept of economic growth.
Topics may include:
- The Phillips Curve
- Money growth and inflation
- Government deficits and national debt
- Crowding out
- Economic growth
Unit 6: Open Economy—International Trade and Finance
You’ll examine the concept of an open economy in which a country interacts with the rest of the world through product and financial markets.
Topics may include:
- Balance of payments accounts
- Exchange rates and the foreign exchange market
- Effects of changes in policies and economic conditions on the foreign exchange market
- Changes in the foreign exchange market and net exports
- Real interest rates and international capital flows

