AP Microeconomics
From Wikipedia, the free encyclopedia
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.
Contents |
[edit] Topics outline
- Basic Economic Concepts
- The Nature and Functions of Product Markets
- Factor Markets
- Market Failure and the Role of Government
[edit] The exam
- Multiple Choice [70 minutes, weighted 2/3 of the total exam score]
- Free-Response [50 minutes, 1 25 minute essay, 2 12.5 minute essays, weighted 1/3 of the total exam score]
[edit] 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% |
