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Krugman's Macroeconomics for AP* & Economics by Example
First Edition| ©2011 Margaret Ray; David A. Anderson
Watch a webinar on “Preparing...
Watch a webinar on “Preparing Your Students for the AP* Exams” with AP* Krugman supplement author Dave Mayer. Please allow 30-45 minutes for the 1:20 minute video to load. Also view Dave’s PowerPoint slides.
Listen as co-author Margaret Ray discusses using Krugman’s Economics for AP* to teach AP Economics.
Watch instructor video reviews here.
Special Package with David Anderson's Economics by Example
As an added bonus, a special high school (hardcover) printing of co-author David Anderson’s Economics By Example is bundled with the textbook absolutely free. Throughout the text and instructors materials, teachers will find suggestions for how to integrate chapters from Economics by Example into their course.
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ISBN:9781429273046
This package includes Hardcover and Hardcover.

Watch a webinar on “Preparing Your Students for the AP* Exams” with AP* Krugman supplement author Dave Mayer. Please allow 30-45 minutes for the 1:20 minute video to load. Also view Dave’s PowerPoint slides.
Listen as co-author Margaret Ray discusses using Krugman’s Economics for AP* to teach AP Economics.
Watch instructor video reviews here.
Special Package with David Anderson's Economics by Example
As an added bonus, a special high school (hardcover) printing of co-author David Anderson’s Economics By Example is bundled with the textbook absolutely free. Throughout the text and instructors materials, teachers will find suggestions for how to integrate chapters from Economics by Example into their course.
Features
Margaret Ray and David Anderson bring to the text a combined 35 years of experience with AP Economics students and teachers.
Because it closely conforms to the required AP exam course content and vocabulary, this book helps students learn the material and terminology necessary to realize success on the AP exam.
The book is divided into 8 sections (macro) and 14 sections (Econ) that correlate to The College Board’s AP Topic Outline. Each section is further divided into 4–7 modules to break the course material into a pedagogically appropriate units designed to be presented in one class period. This modular organization presents the he required material in a sequence and at a pace designed for optimal success for teachers and students in AP economics classes.
The Krugman and Wells Economics textbook has long been praised for its use of relevant and interesting examples to teach economic principles. Krugman’s Economics for AP* retains this approach, while modifying, adding, or replacing examples to speak specifically to the high school audience. For example, in the AP texr, a “real cost” example in the college textbook that focuses on students choosing their courses becomes an example based on high school students selecting a college to attend.
Each module concludes with AP review material including sample AP-style multiple choice and free response questions. In addition, a final module in both the macro and micro sections called, “Putting it All Together”, shows students how to use the economic principles they have learned to answer comprehensive questions like the ones typically found on the AP exam.
Margaret Ray, in collaboration with experienced AP readers/teachers, Eric Dodge (Hanover College) and David Mayer (Churchill High School, San Antonio), have developed an extensive supplements package to support the text. The instructor’s resources are designed to serve and support both new and experienced teachers. The student’s resources focus on achieving success in the course and on the AP exam. All supplement materials are developed to adhere to the AP course outline, goals, and testing format.
As an added bonus, a special high school (hardcover) printing of co-author David Anderson’s Economics by Example is bundled with the textbook absolutely free. Throughout the text and instructors materials, teachers will find suggestions for how to integrate chapters from Economics by Example into their course.
New to This Edition

Krugman's Macroeconomics for AP* & Economics by Example
First Edition| ©2011
Margaret Ray; David A. Anderson

Krugman's Macroeconomics for AP* & Economics by Example
First Edition| 2011
Margaret Ray; David A. Anderson
Table of Contents
Module 1. The Study of Economics
Module 2 Introduction to Macroeconomics
Module 3. The Production Possibilities Curve Model
Module 4. Comparative Advantage and Trade
Appendix: Graphs in Economics
Module 5. Supply and Demand: Introduction and Demand
Module 6. Supply and Demand: Supply and Equilibrium
Module 7. Supply and Demand: Changes in Supply and Demand
Module 8. Supply and Demand: Price Controls (Ceilings and Floors)
Module 9. Supply and Demand: Quantity Controls
Module 10. The Circular Flow Model and Gross Domestic Product
Module 11. Interpreting Real Gross Domestic Product
Module 12. The Meaning and Calculation of Unemployment
Module 13. The Causes and Categories of Unemployment
Module 14. Inflation: An Overview
Module 15. The Measurement and Calculation of Inflation
Module 16. Income and Expenditures
Module 17. Aggregate Demand: Introduction and Determinants
Module 18. Aggregate Supply: Introduction and Determinants
Module 19. Equilibrium in the Aggregate Demand/Aggregate Supply Model
Module 20. Economic Policy and the Aggregate Demand/Aggregate Supply Model
Module 21. Fiscal Policy and the Multiplier
Module 22. Saving, Investment and the Financial System
Module 23. Definition and Measurement of Money
Module 24. The Time Value of Money
Module 25. Banking and Money Creation
Module 26. The Federal Reserve System: History and Structure
Module 27. The Federal Reserve System: Monetary Policy
Module 28. The Money Market
Module 29. The Market for Loanable Funds
Module 30. Long-run Implications of Fiscal Policy: Deficits and the Debt
Module 31. Monetary Policy and the Interest Rate
Module 32. Money, Output, and Prices in the Long Run
Module 33. Types of Inflation, Disinflation, and Deflation
Module 34. Inflation and Unemployment: The Phillips Curve
Module 35. History and Alternative Views of Macroeconomics
Module 36. The Modern Macroeconomic Consensus
Module 37. Long-run Economic Growth
Module 38. Productivity and Growth
Module 39. Growth Policy: Why Economic Growth Rates Differ
Module 40. Economic Growth in Macroeconomic Models
Module 41 Capital Flows and the Balance of Payments
Module 42 The Foreign Exchange Market
Module 43 Exchange Rate Policy
Module 44 Exchange Rates and Macroeconomic Policy
Module 45 Putting it All Together

Krugman's Macroeconomics for AP* & Economics by Example
First Edition| 2011
Margaret Ray; David A. Anderson
Authors

Margaret Ray
Margaret Ray is Professor of Economics and Director of the Center for Economic Education at the University of Mary Washington, where she specializes in teaching introductory economics. She received her BS in Economics from Oklahoma State University and her PhD in Economics from the University of Tennessee. In 2012 she received her MEd in Curriculum and Instruction and became certified to teach K-12 Social Studies. She has taught AP® Economics courses at several high schools in Virginia and has received the Council on Economic Education’s Excellence in Teaching Economics award. She has been involved in the AP® Economics program since 1992, serving as a reader and question leader, writing test items, overseeing the AP® course audit, writing College Board “Special Focus” articles, and editing the Council on Economic Education’s AP® Macroeconomics resource. She has been a College Board® Endorsed Consultant for economics since 2001, and she conducts several professional development workshops and institutes each year. Her favorite hobby is showing hunter-jumper horses adopted from racehorse rescue organizations. She lives on a farm in Spotsylvania, Virginia, with her two daughters.

David A. Anderson
David Anderson is the Paul G. Blazer Professor of Economics at Centre College. He received his BA in economics from the University of Michigan and his MA and PhD in economics from Duke University. Anderson has been involved in the AP® Economics programs for more than two decades. For five years he led the grading of one or both of the AP® Economics exams, and he speaks regularly at AP® conferences and workshops. He has authored dozens of scholarly articles and 15 books, including Explorations in Economics, Survey of Economics, Cracking the AP® Economics Exam, Economics by Example, Favorite Ways to Learn Economics, and Environmental Economics and Natural Resource Management . His research is primarily on economic education, environmental economics, law and economics, and labor economics. Anderson loves teaching introductory economics and has won awards for excellence and innovation in the classroom. His favorite hobby is running, and he competes in marathons and triathlons. He lives in Danville, Kentucky, with his wife and two children.

Krugman's Macroeconomics for AP* & Economics by Example
First Edition| 2011
Margaret Ray; David A. Anderson
Program Resources
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ExamView Assessment Suite for Krugman's Macroeconomics for AP®
Eric Dodge | First Edition | ©2011 | ISBN:9781429263580Illustration PowerPoint Slides - Module 7
Images from Textbook - Module 7
Printed Test Bank for Krugman's Macroeconomics for AP*
Eric Dodge | First Edition | ©2011 | ISBN:9781429258562Teacher's Resource CD for Krugman's Macroeconomics for AP*
David A. Anderson; Margaret Ray | First Edition | ©2012 | ISBN:9781429272315Module 7 Changes in Equilibrium
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Krugman's Macroeconomics for AP* & Economics by Example
First Edition| 2011
Margaret Ray; David A. Anderson
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