AP Microeconomics
From Wikipedia, the free encyclopedia
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.
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 [60 minutes, 2 essays, weighted 1/3 of the total exam score]
[edit] Grade Distribution
In 2006, 33,092 students took the AP Microeconomics exam worldwide at 2,189 schools. The mean grade was 3.03 and the standard deviation was 1.39.
| Score | Percent |
|---|---|
| 5 | 16.4% |
| 4 | 27.8% |
| 3 | 19% |
| 2 | 15.9% |
| 1 | 20.9% |
[edit] Popular Textbooks
Principles of Economics by N. Gregory Mankiw
