AP Microeconomics

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Advanced Placement Microeconomics (AP Micro, AP Microeconomics, or simply Micro) 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 and 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] 2019[9] 2020[10]
5 18.1% 17.9% 16.6% 16.1% 16.6% 18.1% 15.9% 19.1% 15.3% 21.5% 19.2% 22.2% 23.1%
4 26.3% 27.4% 27.0% 26.2% 28.2% 28.6% 28.9% 28.6% 27.3% 28.3% 28% 28.4% 28.7%
3 18.8% 19.7% 20.2% 21.3% 20.9% 20.0% 20.7% 19.4% 23% 18.5% 20.2% 17.8% 16.5%
2 15.2% 14.6% 14.8% 15.6% 15.8% 14.9% 15.5% 13.8% 14.4% 12.8% 15.8% 12.4% 14.2%
1 21.5% 20.4% 21.4% 20.8% 18.5% 18.4% 18.9% 19.1% 20% 18.9% 16.8% 19.2% 17.5%
% of scores 3 or higher 63.2% 65.0% 63.8% 63.6% 65.7% 66.7% 65.5% 67.1% 65.6% 68.3% 67.4% 68.4% 68.3%
Mean 3.04 3.08 3.03 3.01 3.09 3.13 3.07 3.15 3.04 3.21 3.17 3.22 3.26
Standard deviation 1.41 1.39 1.39 1.38 1.36 1.37 1.35 1.39 1.35 1.41 1.36 1.42 1.41

See also[edit]

External links[edit]

  1. ^ "Course Description of AP Microeconomics" (PDF). 2012. pp. 6–8. Retrieved 1 January 2012.
  2. ^ "Course Description of AP Microeconomics" (PDF). 2012. pp. 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. ^ https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf
  9. ^ https://twitter.com/AP_Trevor/status/1138885286916743169
  10. ^ Total Registration (2020-07-08). "2020 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2020-07-08.

Study Resources[edit]