Phillips Curve: The long and the short of it

02/02/202104/23/2016 by admin

The Phillips Curve is one of those concepts that hasn’t been a large focus of the Advanced Placement Macroeconomics exams in the past. But this model shows up often enough that it is important for students to understand what it is, how to draw it, and how macro events impact the graph. Follow the link below and you will find an overview of its parts, curve shifters, and a Flash review game to test your understanding of this sometimes tricky graph.

Phillips Curve

**AP©, Advanced Placement Program©, and College Board© are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this material. IB is a registered trade mark of International Baccalaureate Organization which was also not involved in the production of and does not endorse this material.**

I would like to acknowledge the work of Dick Brunelle and Steven Reff from Reffonomics.com whose work inspired many of the review games on this site. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics Facebook groups, and #econtwitter.