AP Microeconomics
Advanced Placement Microeconomics (AP Microeconomics) is a course for students interested in college-level work in microeconomics 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.[1]
Topics outline and distribution of topics
- Basic Economic Concepts (8-14%)
- The Nature and Functions of Product Markets (55-70%)
- Factor Markets (10-18%)
- Market Failure and the Role of Government (12-18%)[2]
The exam
- Multiple Choice [70 minutes, weighted 2/3 (66.6%) of the total exam score]
- Free-Response [10 minutes of planning then 50 minutes of writing with one longer free-response question and two shorter ones, weighted 1/3 (33.3%) of the total exam score][3]
Grade distribution
74,049 students took the AP Microeconomics exam in 2014.[4]
Between 2008 and 2014, the grade distributions were as follows:
| Score | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|
| 5 | 18.1% | 17.9% | 16.6% | 16.1% | 16.6% | 18.1% | 15.9% |
| 4 | 26.3% | 27.4% | 27.0% | 26.2% | 28.2% | 28.6% | 28.9% |
| 3 | 18.8% | 19.7% | 20.2% | 21.3% | 20.9% | 20.0% | 20.7% |
| 2 | 15.2% | 14.6% | 14.8% | 15.6% | 15.8% | 14.9% | 15.5% |
| 1 | 21.5% | 20.4% | 21.4% | 20.8% | 18.5% | 18.4% | 18.9% |
| Mean | 3.04 | 3.08 | 3.02 | 3.01 | 3.09 | 3.13 | 3.07 |
External links
- ↑ "Course Description of AP Microeconomics". 2012. p. 6-8. Retrieved 1 January 2012.
- ↑ "Course Description of AP Microeconomics". 2012. p. 9-10. Retrieved 1 January 2012.
- ↑ "Course Description of AP Microeconomics". 2012. p. 5. Retrieved 1 January 2012.
- ↑ http://media.collegeboard.com/digitalServices/pdf/ap/apcentral/ap14-microeconomics-score-dist.pdf