AP Microeconomics

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Advanced Placement Microeconomics (or AP Microeconomics) is a course offered by the College Board as part of the Advanced Placement Program for high school students interested in college-level coursework 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] AP Microeconomics is often taken in conjunction with or after AP Macroeconomics.

Topics outline and distribution of topics[edit]

  • 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[edit]

  • Multiple Choice [70 minutes, weighted 2/3 (66.7%) 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[edit]

74,049 students took the AP Microeconomics exam in 2014.[4]

The exam was first held in 1989, along with Macroeconomics. Grade distributions since 2008 are as follows:

Score 2008 2009 2010 2011 2012 2013 2014 2015[5] 2016[6] 2017[7] 2018[8]
5 18.1% 17.9% 16.6% 16.1% 16.6% 18.1% 15.9% 19.1% 15.3% 21.5% 19.2%
4 26.3% 27.4% 27.0% 26.2% 28.2% 28.6% 28.9% 28.6% 27.3% 28.3% 28%
3 18.8% 19.7% 20.2% 21.3% 20.9% 20.0% 20.7% 19.4% 23% 18.5% 20.2%
2 15.2% 14.6% 14.8% 15.6% 15.8% 14.9% 15.5% 13.8% 14.4% 12.8% 15.8%
1 21.5% 20.4% 21.4% 20.8% 18.5% 18.4% 18.9% 19.1% 20% 18.9% 6.8%
Mean 3.04 3.08 3.02 3.01 3.09 3.13 3.07 3.15 3.04 3.21

See also[edit]

External links[edit]

  1. ^ "Course Description of AP Microeconomics" (PDF). 2012. p. 6–8. Retrieved 1 January 2012.
  2. ^ "Course Description of AP Microeconomics" (PDF). 2012. p. 9–10. Retrieved 1 January 2012.
  3. ^ "Course Description of AP Microeconomics" (PDF). 2012. p. 5. Retrieved 1 January 2012.
  4. ^ http://media.collegeboard.com/digitalServices/pdf/ap/apcentral/ap14-microeconomics-score-dist.pdf
  5. ^ 2015 AP Score Distributions - Total Registration
  6. ^ Total Registration. "2016 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2016-07-01.
  7. ^ Total Registration. "2017 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2017-06-11.
  8. ^ Total Registration (2018-06-11). "2018 AP Exam Score Distributions". www.TotalRegistration.net.