AP Microeconomics

Short description: Advanced Placement course

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]

## Contents

* 1 Topics outline and distribution of topics
* 2 The exam
* 3 Score distribution
* 4 See also
* 5 External links
* 6 Study Resources

## Topics outline and distribution of topics

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

Unit  | Topic  | Exam Weighting

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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

* 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

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] | 2021[11] | 2022[12] | 2023[13]

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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%  | 18.5%  | 17.7%  | 21.3%
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%  | 24.0%  | 22.5%  | 26.0%
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%  | 16.6%  | 18.8%  | 20.7%
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%  | 17.0%  | 16.9%  | 19.9%
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%  | 23.9%  | 24.2%  | 12.1%
% 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%  | 59.1%  | 59.0%  | 68.0%
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  | 2.96  | 2.93  | 3.25
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  | 1.45  | 1.44  | 1.32
Number of Students  |  | 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

* AP Macroeconomics
* Microeconomics
* Economics
* Economics education § Curriculum
* Glossary of economics

## External links

* AP: Microeconomics

1. ↑ "Course Description of AP Microeconomics". 2012. pp. 6–8. http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf.
2. ↑ "Course Description of AP Microeconomics". 2012. pp. 9–10. http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf.
3. ↑ "Course Description of AP Microeconomics". 2012. p. 5. http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf.
4. ↑ Microeconomics Score Distributions
5. ↑ 2015 AP Score Distributions - Total Registration
6. ↑ Total Registration. "2016 AP Exam Score Distributions". http://www.totalregistration.net/AP-Exam-Registration-Service/2016-AP-Exam-Score-Distributions.php.
7. ↑ Total Registration. "2017 AP Exam Score Distributions" (in en). https://www.totalregistration.net/AP-Exam-Registration-Service/2017-AP-Exam-Score-Distributions.php.
8. ↑ "Student Score Distributions, AP Exams - May 2018". https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf.
9. ↑ @AP_Trevor (12 June 2019). "The 2019 AP Microeconomics scores: 5: 22.2%; 4: 28.4%; 3: 17.8%; 2: 12.4%; 1: 19.2%.". https://twitter.com/AP_Trevor/status/1138885286916743169.
10. ↑ "STUDENT SCORE DISTRIBUTIONS". https://secure-media.collegeboard.org/digitalServices/pdf/research/2020/Student-Score-Distributions-2020.pdf.
11. ↑ "Student Score Distributions" (PDF). Retrieved October 1, 2023.
12. ↑ "Student Score Distributions" (PDF). Retrieved October 1, 2023.
13. ↑ "2023 AP Exam Score Distributions". https://www.totalregistration.net/AP-Exam-Registration-Service/AP-Exam-Score-Distributions.php.

## 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. 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

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