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:
| Score |
Percent |
| 5 |
16.3% |
| 4 |
27.5% |
| 3 |
20.8% |
| 2 |
14.6% |
| 1 |
20.8% |
External links
See also
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