Saturday, September 22nd, 2018

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AP Microeconomics

The AP Program offers two separate exams in economics: one in microeconomics and one in macroeconomics. Each exam is intended for qualified students who wish to complete studies in secondary school equivalent to a one-semester college introductory course. Each exam resumes at least one semester of college-level preparation. Students may take one or both exams in a given year. A separate score is reported for each.

The purpose of the AP course in microeconomics is to give students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets and includes the study of factor markets and of the role of government in promoting greater efficiency and equity in the economy.