AP Microeconomics
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Advanced Placement Microeconomics (also known as AP Micro 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 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
- 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
- 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
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% | 23.3% |
| 4 | 26.3% | 27.4% | 27.0% | 26.2% | 28.2% | 28.6% | 28.9% | 28.6% | 27.3% | 28.3% | 28% | 28.4% | 29.0% |
| 3 | 18.8% | 19.7% | 20.2% | 21.3% | 20.9% | 20.0% | 20.7% | 19.4% | 23% | 18.5% | 20.2% | 17.8% | 16.6% |
| 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% | 16.9% |
| % 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% | 68.9% |
| 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 | 3.28 |
| 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 | 1.40 |
See also
External links
- ^ "Course Description of AP Microeconomics" (PDF). 2012. pp. 6–8. Retrieved 1 January 2012.
- ^ "Course Description of AP Microeconomics" (PDF). 2012. pp. 9–10. Retrieved 1 January 2012.
- ^ "Course Description of AP Microeconomics" (PDF). 2012. p. 5. Retrieved 1 January 2012.
- ^ http://media.collegeboard.com/digitalServices/pdf/ap/apcentral/ap14-microeconomics-score-dist.pdf
- ^ 2015 AP Score Distributions - Total Registration
- ^ Total Registration. "2016 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2016-07-01.
- ^ Total Registration. "2017 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2017-06-11.
- ^ https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf
- ^ https://twitter.com/AP_Trevor/status/1138885286916743169
- ^ "STUDENT SCORE DISTRIBUTIONS" (PDF). Retrieved June 9, 2021.
Study Resources
- Anderson, David; Ray, Margaret (2019). Krugman's Economics for the AP Course (3rd ed.). New York: BFW. ISBN 978-1-319-11327-8.
- Free online AP Microeconomics course taught by Prof. Jon Gruber (MIT): https://www.edx.org/course/introductory-ap-microeconomics