AP Microeconomics

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Image:Advanced_Placement_logo.png
This article is part of the
Advanced Placement Program
series.

This course is for advanced students interested in college-level work in economics and/or gaining advanced standing in college. The course begins with a study of fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, and comparative advantage. Major topics include the nature of functions of product markets; factor markets; and efficiency, equity, and the role of government.

Contents

[edit] Topics Outline

  • Basic Economic Concepts
  • The Nature and Functions of Product Markets
  • Factor Markets
  • Market Failure and the Role of Government

[edit] The Exam

  • Multiple Choice [70 minutes, weighted 2/3 of the total exam score]
  • Free-Response [60 minutes, 2 essays, weighted 1/3 of the total exam score]

[edit] Grade Distribution

In 2006, 33,092 students took the AP Microeconomics exam worldwide at 2,189 schools. The mean grade was 3.03 and the standard deviation was 1.39.

Score Percent
5 16.4%
4 27.8%
3 19%
2 15.9%
1 20.9%

[edit] External links

[edit] See also

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