Advanced Placement Microeconomics
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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.
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 [50 minutes, one 25 minute essay, two 12.5 minute essays, weighted 1/3 of the total exam score]
[edit] Grade distribution
In the 2010 administration, 51,601 students took the exam.[1] In the 2009 administration, 46,272 students took the exam from 2,320 schools.
The grade distribution for 2010 and 2009 were:
| Score | 2009 | 2010 |
|---|---|---|
| 5 | 17.9% | 16.6% |
| 4 | 27.4% | 27.0% |
| 3 | 19.7% | 20.2% |
| 2 | 14.6% | 14.8% |
| 1 | 20.4% | 21.4% |
| Mean Score | 3.08 | 3.02 |
