AP Microeconomics
Encyclopedia : A : AP : APM : AP Microeconomics
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This article is part of the Advanced Placement Program series. |
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This course is 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 [60 minutes, 2 essays, weighted 1/3 of the total exam score]
Grade Distribution
In 2005, 32,359 students took the AP Microeconomics exam worldwide at 2,169 schools. The mean grade was 2.83.
| Score | Percent |
|---|---|
| 5 | 12.1% |
| 4 | 24.1% |
| 3 | 22.2% |
| 2 | 17.5% |
| 1 | 24.0% |
External Links
See Also
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