AP Microeconomics

AP Microeconomics

Advanced Placement Microeconomics is a course 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.

Topics outline

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

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]

Grade distribution

In the 2007 administration, 37,383 students took the exam from 2,320 schools. The mean score was a 3.039.

The grade distribution for 2007 was:

External links

* [http://www.collegeboard.com/student/testing/ap/sub_miceco.html?micro
]
* [http://www.course-notes.org/economics AP Economics Outlines]

ee also

*AP Macroeconomics
*Microeconomics


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