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{{Short description|Advanced Placement course}}
{{More citations needed|date=April 2011}}
{{More citations needed|date=April 2011}}
{{Advanced Placement}}
{{Advanced Placement}}


'''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 cost]]s, production possibilities, specialization, and [[Transfer credit|comparative advantage]]. Major topics include the nature and functions of product markets; factor markets; and efficiency, equity, and the role of government.<ref>{{Cite web
'''Advanced Placement''' ('''AP''') '''Microeconomics''' (also known as '''AP 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 cost]]s, 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.<ref>{{Cite web
|title=Course Description of AP Microeconomics
|title=Course Description of AP Microeconomics
|pages=6–8
|pages=6–8
|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
|date = 2012
|date = 2012
|accessdate = 1 January 2012
|access-date = 1 January 2012
}}</ref> AP Microeconomics is often taken in conjunction with or after [[AP Macroeconomics]].
}}</ref> AP Microeconomics is often taken in conjunction with or after [[AP Macroeconomics]].{{citation needed|date=May 2022}}


==Topics outline and distribution of topics==
==Topics outline and distribution of topics==
Topics covered in the AP Microeconomics course and exam include:<ref>{{Cite web|title=Course Description of AP Microeconomics|pages=9–10|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf|date = 2012|access-date = 1 January 2012}}</ref>

{| class="wikitable"
*Basic Economic Concepts (8-14%)
! align="center" |Unit
*The Nature and Functions of Product Markets (55-70%)
! align="center" |Topic
*Factor Markets (10-18%)
! align="center" |Exam Weighting
*Market Failure and the Role of Government (12-18%)<ref>{{Cite web|title=Course Description of AP Microeconomics|pages=9–10|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf|date = 2012|accessdate = 1 January 2012}}</ref>
|- align="center"
|1
|Basic Economic Concepts
|12–15%
|- align="center"
|2
|[[Supply and demand|Supply and Demand]]
|20–25%
|- align="center"
|3
|[[Production (economics)|Production]], [[Cost]], and the [[Perfect competition|Perfect Competition]] Model
|22–25%
|- align="center"
|4
|[[Imperfect competition|Imperfect Competition]]
|15–22%
|- align="center"
|5
|[[Factor market|Factor Markets]]
|10–13%
|- align="center"
|6
|[[Market failure|Market Failure]] and the Role of the Government
|8–13%
|}


==The exam==
==The exam==


*'''Multiple Choice''' [70 minutes, weighted 2/3 (66.7%) of the total exam score]
*'''Multiple Choice:''' Students are given 70 minutes to complete 60 multiple choice questions which are 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]<ref>{{Cite web
*'''Free-Response:''' Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question (weighted 50% of section score) and two short ones (weighted 25% section score each).<ref>{{Cite web
|title=Course Description of AP Microeconomics
|title=Course Description of AP Microeconomics
|page=5
|page=5
|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
|url=http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
|date = 2012
|date = 2012
|accessdate = 1 January 2012
|access-date = 1 January 2012
}}</ref>
}}</ref>


==Grade distribution==
==Score distribution==
94,772 students took the AP Microeconomics exam in 2023.<ref name=":0" />

74,049 students took the AP Microeconomics exam in 2014.<ref>http://media.collegeboard.com/digitalServices/pdf/ap/apcentral/ap14-microeconomics-score-dist.pdf</ref>


The exam was first held in 1989, along with Macroeconomics. Grade distributions since 2008 are as follows:
The exam was first held in 1989, along with Macroeconomics. Grade distributions since 2007 are as follows:
{|class="wikitable"
{|class="wikitable"
!Score
!Score
!2007<ref>"[https://reports.collegeboard.org/media/pdf/2007_STUDENT_GRADE_DISTRIBUTIONS_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2008
!2008<ref>"[https://secure-media.collegeboard.org/apc/ap08_MicroEconomics_GradeDistributions.pdf AP Microeconomics Student Grade Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2009
!2009<ref>"[https://reports.collegeboard.org/media/pdf/student-grade-distributions-09_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2010
!2010<ref>"[https://reports.collegeboard.org/media/pdf/Student-Score-Distributions-2010_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2011
!2011<ref>"[https://reports.collegeboard.org/media/pdf/AP-Student-Score-Distributions-2011_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2012
!2012<ref>"[https://reports.collegeboard.org/media/pdf/student_score_distributions_2012_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2013
!2013<ref>"[https://reports.collegeboard.org/media/pdf/STUDENT-SCORE-DISTRIBUTIONS-2013_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2014
!2015<ref name="2015 AP Scores Distribution">[http://www.totalregistration.net/AP-Exam-Registration-Service/2015-AP-Exam-Score-Distributions.php 2015 AP Score Distributions - Total Registration]</ref>
!2014<ref>"[https://reports.collegeboard.org/media/pdf/STUDENT-SCORE-DISTRIBUTIONS-2014_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2016<ref>{{Cite web|url=http://www.totalregistration.net/AP-Exam-Registration-Service/2016-AP-Exam-Score-Distributions.php|title=2016 AP Exam Score Distributions|last=Total Registration|website=www.totalregistration.net|access-date=2016-07-01}}</ref>
!2015<ref>"[https://reports.collegeboard.org/media/pdf/Student-Score-Distributions-2015_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2017<ref>{{Cite web|url=https://www.totalregistration.net/AP-Exam-Registration-Service/2017-AP-Exam-Score-Distributions.php|title=2017 AP Exam Score Distributions|last=Total Registration|first=|date=|website=www.totalregistration.net|language=en|archive-url=|archive-date=|access-date=2017-06-11}}</ref>
!2016<ref>"[https://reports.collegeboard.org/media/pdf/Student-Score-Distributions-2016_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2018<ref>https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf</ref>
!2017<ref>"[https://reports.collegeboard.org/media/pdf/Student-Score-Distributions-2017_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2018<ref>{{cite web|url=https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf | title=Student Score Distributions, AP Exams - May 2018 | website=The College Board | access-date=December 24, 2022}}</ref>
!2019<ref>https://twitter.com/AP_Trevor/status/1138885286916743169</ref>
!2019<ref>"[https://reports.collegeboard.org/media/pdf/Student-Score-Distributions-2019_1.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2020<ref>{{Cite web|last=Total Registration|first=|date=2020-07-08|title=2020 AP Exam Score Distributions|url=https://www.totalregistration.net/AP-Exam-Registration-Service/AP-Exam-Score-Distributions.php?year=2020|url-status=live|archive-url=|archive-date=|access-date=2020-07-08|website=www.totalregistration.net}}</ref>
!2020<ref>{{Cite web|title=STUDENT SCORE DISTRIBUTIONS|url=https://secure-media.collegeboard.org/digitalServices/pdf/research/2020/Student-Score-Distributions-2020.pdf|access-date=June 9, 2021}}</ref>
!2021<ref>"[https://reports.collegeboard.org/media/pdf/2021-ap-student-score-distributions_1.pdf Student Score Distributions]" (PDF). Retrieved October 1, 2023.</ref>
!2022<ref>"[https://apcentral.collegeboard.org/media/pdf/ap-score-distributions-by-subject-2022.pdf Student Score Distributions]" (PDF). Retrieved October 1, 2023.</ref>
!2023<ref name=":0">"[https://apcentral.collegeboard.org/media/pdf/ap-score-distributions-by-subject-2023.pdf Student Score Distributions]" (PDF). Retrieved June 1, 2024.</ref>
!2024<ref>"[https://apstudents.collegeboard.org/about-ap-scores/score-distributions 2024 AP Score Distributions]". Retrieved July 8, 2024.</ref>
|-align="center"
|-align="center"
!|5
!|5
|16.3%
|18.1%
|18.1%
|17.9%
|17.9%
Line 58: Line 89:
|15.9%
|15.9%
|19.1%
|19.1%
|15.3%
|17.8%
|21.5%
|23.5%
|19.2%
|19.2%
|22.2%
|24.3%
|23.1%
|23.3%
|18.5%
|17.7%
|21.3%
|17%
|-align="center"
|-align="center"
!|4
!|4
|27.6%
|26.3%
|26.3%
|27.4%
|27.4%
Line 73: Line 109:
|28.9%
|28.9%
|28.6%
|28.6%
|27.3%
|27.5%
|28.3%
|28.1%
|28%
|28%
|28.4%
|28.1%
|28.7%
|29.0%
|24.0%
|22.5%
|26.0%
|25%
|-align="center"
|-align="center"
!|3
!|3
|20.8%
|18.8%
|18.8%
|19.7%
|19.7%
Line 88: Line 129:
|20.7%
|20.7%
|19.4%
|19.4%
|23%
|22.0%
|18.5%
|18.0%
|20.2%
|20.2%
|17.8%
|17.2%
|16.5%
|16.6%
|16.6%
|18.8%
|20.6%
|23%
|-align="center"
|-align="center"
!|2
!|2
|14.6%
|15.2%
|15.2%
|14.6%
|14.6%
Line 103: Line 149:
|15.5%
|15.5%
|13.8%
|13.8%
|14.4%
|13.7%
|12.8%
|12.0%
|15.8%
|15.8%
|12.4%
|12.0%
|14.2%
|14.2%
|17.0%
|16.9%
|19.9%
|21%
|-align="center"
|-align="center"
!|1
!|1
|20.8%
|21.5%
|21.5%
|20.4%
|20.4%
Line 118: Line 169:
|18.9%
|18.9%
|19.1%
|19.1%
|20%
|19.0%
|18.9%
|18.5%
|16.8%
|16.8%
|19.2%
|18.4%
|17.5%
|16.9%
|23.9%
|24.2%
|12.1%
|14%
|-align="center"
|-align="center"
!|% of scores 3 or higher
!|% of scores 3 or higher
|64.6%
|63.2%
|63.2%
|65.0%
|65.0%
Line 133: Line 189:
|65.5%
|65.5%
|67.1%
|67.1%
|65.6%
|67.3%
|68.3%
|69.5%
|67.4%
|67.4%
|68.4%
|69.6%
|68.3%
|68.9%
|59.1%
|59.0%
|68.0%
|65%
|-align="center"
|-align="center"
!|Mean
!|Mean
|3.04
|3.04
|3.04
|3.08
|3.08
|3.03
|3.02
|3.01
|3.01
|3.09
|3.09
Line 148: Line 209:
|3.07
|3.07
|3.15
|3.15
|3.04
|3.11
|3.21
|3.17
|3.22
|3.26
|3.26
|3.17
|3.28
|3.28
|2.96
|2.93
|3.25
|3.10
|-align="center"
|-align="center"
!|Standard deviation
!|Standard deviation
|1.38
|1.41
|1.41
|1.39
|1.39
Line 163: Line 229:
|1.35
|1.35
|1.39
|1.39
|1.35
|1.37
|1.41
|1.42
|1.36
|1.36
|1.42
|1.42
|1.41
|1.40
|1.45
|-align="center"
|1.44
|1.32
|1.30
|-
!Number of Students
|37,383
|41,915
|46,272
|51,601
|56,303
|62,351
|67,505
|74,049
|78,408
|82,388
|87,858
|90,032
|91,551
|82,415
|80,199
|84,386
|94,772
|
|}
|}


Line 175: Line 264:
*[[Microeconomics]]
*[[Microeconomics]]
*[[Economics]]
*[[Economics]]
*[[Economics education #Curriculum]]
*{{slink|Economics education#Curriculum}}
*[[Glossary of economics]]
*[[Glossary of economics]]

== References ==
{{Reflist}}


==External links==
==External links==
*[https://web.archive.org/web/20060711174351/http://www.collegeboard.com/student/testing/ap/sub_miceco.html?micro AP: Microeconomics]
*[https://web.archive.org/web/20060711174351/http://www.collegeboard.com/student/testing/ap/sub_miceco.html?micro AP: Microeconomics]
{{Reflist}}

==Study Resources==
==Study Resources==
* {{cite book |last1=Anderson |first1=David |last2=Ray |first2=Margaret |title=Krugman's Economics for the AP Course |date=2019 |publisher=BFW |location=New York |isbn=978-1-319-11327-8 |edition=3rd |url=https://www.highschool.bfwpub.com/Catalog/product/krugmanseconomicsfortheapcourse-thirdedition-anderson}}
* {{cite book |last1=Anderson |first1=David |last2=Ray |first2=Margaret |title=Krugman's Economics for the AP Course |date=2019 |publisher=BFW |location=New York |isbn=978-1-319-11327-8 |edition=3rd |url=https://www.highschool.bfwpub.com/Catalog/product/krugmanseconomicsfortheapcourse-thirdedition-anderson}}
*Free online AP Microeconomics course taught by Prof. Jon Gruber (MIT): https://www.edx.org/course/introductory-ap-microeconomics
*Free online AP Microeconomics course taught by Prof. Jon Gruber (MIT): https://www.edx.org/course/introductory-ap-microeconomics


{{College Board}}
{{Glossaries of science and engineering}}


[[Category:Economics education]]
[[Category:Economics education]]

Latest revision as of 20:16, 28 August 2024

This article is part of a series on
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Advanced Placement (AP) Microeconomics (also known as AP 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.[citation needed]

Topics outline and distribution of topics

[edit]

Topics covered in the AP Microeconomics course and exam include:[2]

Unit Topic Exam Weighting
1 Basic Economic Concepts 12–15%
2 Supply and Demand 20–25%
3 Production, Cost, and the Perfect Competition Model 22–25%
4 Imperfect Competition 15–22%
5 Factor Markets 10–13%
6 Market Failure and the Role of the Government 8–13%

The exam

[edit]
  • Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 (66.7%) of the total exam score.
  • Free-Response: Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question (weighted 50% of section score) and two short ones (weighted 25% section score each).[3]

Score distribution

[edit]

94,772 students took the AP Microeconomics exam in 2023.[4]

The exam was first held in 1989, along with Macroeconomics. Grade distributions since 2007 are as follows:

Score 2007[5] 2008[6] 2009[7] 2010[8] 2011[9] 2012[10] 2013[11] 2014[12] 2015[13] 2016[14] 2017[15] 2018[16] 2019[17] 2020[18] 2021[19] 2022[20] 2023[4] 2024[21]
5 16.3% 18.1% 17.9% 16.6% 16.1% 16.6% 18.1% 15.9% 19.1% 17.8% 23.5% 19.2% 24.3% 23.3% 18.5% 17.7% 21.3% 17%
4 27.6% 26.3% 27.4% 27.0% 26.2% 28.2% 28.6% 28.9% 28.6% 27.5% 28.1% 28% 28.1% 29.0% 24.0% 22.5% 26.0% 25%
3 20.8% 18.8% 19.7% 20.2% 21.3% 20.9% 20.0% 20.7% 19.4% 22.0% 18.0% 20.2% 17.2% 16.6% 16.6% 18.8% 20.6% 23%
2 14.6% 15.2% 14.6% 14.8% 15.6% 15.8% 14.9% 15.5% 13.8% 13.7% 12.0% 15.8% 12.0% 14.2% 17.0% 16.9% 19.9% 21%
1 20.8% 21.5% 20.4% 21.4% 20.8% 18.5% 18.4% 18.9% 19.1% 19.0% 18.5% 16.8% 18.4% 16.9% 23.9% 24.2% 12.1% 14%
% of scores 3 or higher 64.6% 63.2% 65.0% 63.8% 63.6% 65.7% 66.7% 65.5% 67.1% 67.3% 69.5% 67.4% 69.6% 68.9% 59.1% 59.0% 68.0% 65%
Mean 3.04 3.04 3.08 3.02 3.01 3.09 3.13 3.07 3.15 3.11 3.26 3.17 3.28 3.28 2.96 2.93 3.25 3.10
Standard deviation 1.38 1.41 1.39 1.39 1.38 1.36 1.37 1.35 1.39 1.37 1.42 1.36 1.42 1.40 1.45 1.44 1.32 1.30
Number of Students 37,383 41,915 46,272 51,601 56,303 62,351 67,505 74,049 78,408 82,388 87,858 90,032 91,551 82,415 80,199 84,386 94,772

See also

[edit]

References

[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. ^ a b "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  5. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  6. ^ "AP Microeconomics Student Grade Distributions" (PDF). Retrieved June 1, 2024.
  7. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  8. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  9. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  10. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  11. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  12. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  13. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  14. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  15. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  16. ^ "Student Score Distributions, AP Exams - May 2018" (PDF). The College Board. Retrieved December 24, 2022.
  17. ^ "Student Score Distributions" (PDF). Retrieved June 1, 2024.
  18. ^ "STUDENT SCORE DISTRIBUTIONS" (PDF). Retrieved June 9, 2021.
  19. ^ "Student Score Distributions" (PDF). Retrieved October 1, 2023.
  20. ^ "Student Score Distributions" (PDF). Retrieved October 1, 2023.
  21. ^ "2024 AP Score Distributions". Retrieved July 8, 2024.
[edit]

Study Resources

[edit]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=AP_Microeconomics&oldid=1242796452"