AP Microeconomics

Advanced Placement Microeconomics (AP Micro, AP Microeconomics, or simply 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.

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Topics outline and distribution of topics
  • Basic Economic Concepts (8-14%)
  • The Nature and Functions of Product Markets (55-70%)
  • Factor Markets (10-18%)
  • Market Failure and the Role of Government (12-18%)[2]

The exam
  • Multiple Choice [70 minutes, weighted 2/3 (66.7%) of the total exam score]
  • Free-Response [10 minutes of planning then 50 minutes of writing with one longer free-response question and two shorter ones, weighted 1/3 (33.3%) of the total exam score][3]

Grade 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]
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% 23.1%
4 26.3% 27.4% 27.0% 26.2% 28.2% 28.6% 28.9% 28.6% 27.3% 28.3% 28% 28.4% 28.7%
3 18.8% 19.7% 20.2% 21.3% 20.9% 20.0% 20.7% 19.4% 23% 18.5% 20.2% 17.8% 16.5%
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%
1 21.5% 20.4% 21.4% 20.8% 18.5% 18.4% 18.9% 19.1% 20% 18.9% 16.8% 19.2% 17.5%
% 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% 68.3%
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 3.26
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 1.41
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See also
  1. "Course Description of AP Microeconomics" (PDF). 2012. pp. 6–8. Retrieved 1 January 2012.
  2. "Course Description of AP Microeconomics" (PDF). 2012. pp. 9–10. Retrieved 1 January 2012.
  3. "Course Description of AP Microeconomics" (PDF). 2012. p. 5. Retrieved 1 January 2012.
  4. http://media.collegeboard.com/digitalServices/pdf/ap/apcentral/ap14-microeconomics-score-dist.pdf
  5. 2015 AP Score Distributions - Total Registration
  6. Total Registration. "2016 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2016-07-01.
  7. Total Registration. "2017 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2017-06-11.
  8. https://secure-media.collegeboard.org/digitalServices/pdf/research/2018/Student-Score-Distributions-2018.pdf
  9. https://twitter.com/AP_Trevor/status/1138885286916743169
  10. Total Registration (2020-07-08). "2020 AP Exam Score Distributions". www.totalregistration.net. Retrieved 2020-07-08.

Study Resources
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