AP Microeconomics – AP Students | College Board

You'll study the foundations of microeconomic thinking, including how to evaluate decisions based on constraints and trade-offs and make rational economic ... APStudents Home GettingStarted WhatIsAP? ChoosingYourAPCourses HowtoSignUpforanAPCourse HowtoAccessYourAPResources APAroundtheWorld Courses&Exams TakingExams APExamsOverview DigitalPortfolios ExamAccommodations ExamPolicies RegisterforAPExams Scores ViewYourScores SendingScores AboutAPScores ScoreReportingServices APAwards&Recognitions Credit&Placement GettingCreditandPlacement CreditPolicySearch Home Courses&Exams ActivePage: APMicroeconomics APMicroeconomics Learnallaboutthecourseandexam.Alreadyenrolled?JoinyourclassinMyAP. GotoMyAP SeeHowtoJoinYourClass NotaStudent? GotoAPCentralforresourcesforteachers,administrators,andcoordinators. APMicroeconomics AbouttheCourse AbouttheExam GotoMyAP AbouttheCourse AbouttheExam AbouttheCourse Studytheprinciplesofeconomicsthatapplytothebehaviorofindividualswithinaneconomicsystem.You’llusegraphs,charts,anddatatoanalyze,describe,andexplaineconomicconcepts. SkillsYou'llLearn Defineeconomicprinciplesandmodels Explaingiveneconomicoutcomes Determineoutcomesofspecificeconomicsituations Modeleconomicsituationsusinggraphsorvisualrepresentations EquivalencyandPrerequisites CollegeCourseEquivalent Aone-semester,introductorycollegecourseinmicroeconomics. RecommendedPrerequisites None Exam Date Fri,May6,2022,12PMLocal APMicroeconomicsExam ThisistheregularlyscheduleddatefortheAPMicroeconomicsExam. AddToCalendarDetails AbouttheUnits Thecoursecontentoutlinedbelowisorganizedintocommonlytaughtunitsofstudythat provideonepossiblesequenceforthecourse.Yourteachermaychoosetoorganizethecourse contentdifferentlybasedonlocalprioritiesandpreferences. CourseContent ExpandAll CollapseAll Unit1:BasicEconomicConcepts You’llstudythefoundationsofmicroeconomicthinking,includinghowtoevaluatedecisionsbasedonconstraintsandtrade-offsandmakerationaleconomicchoices. Topicsmayinclude: Scarcity Resourceallocationandeconomicsystems TheProductionPossibilitiesCurve Comparativeadvantageandgainsfromtrade Cost-benefitanalysis Marginalanalysisandconsumerchoice OnTheExam 12%–15%ofexamscore Unit2:SupplyandDemand You’lllearnthebasisforunderstandinghowmarketsworkwithanintroductiontothesupplyanddemandmodel. Topicsmayinclude: Demand Supply Elasticity Marketequilibrium,disequilibrium,andchangesinequilibrium Theeffectsofgovernmentinterventioninmarkets Internationaltradeandpublicpolicy OnTheExam 20%–25%ofexamscore Unit3:Production,Cost,andthePerfectCompetitionModel You’llexplorethefactorsthatdrivethebehaviorofcompaniesandlearnabouttheperfectcompetitionmodel. Topicsmayinclude: Theproductionfunction Short-andlong-runproductioncosts Typesofprofit Profitmaximization Perfectcompetition OnTheExam 22%–25%ofexamscore Unit4:ImperfectCompetition You’lllearnhowimperfectlycompetitivemarketsworkandhowgametheorycomesintoplayineconomicmodels. Topicsmayinclude: Monopoly Pricediscrimination Monopolisticcompetition Oligopolyandgametheory OnTheExam 15%–22%ofexamscore Unit5:FactorMarkets You’lllearnhowconceptssuchassupplyanddemandandmarginaldecision-makingapplyinthecontextoffactormarkets. Topicsmayinclude: Introductiontofactormarkets Changesinfactordemandandfactorsupply Profit-maximizingbehaviorinperfectlycompetitivefactormarkets Monopsonisticmarkets OnTheExam 10%–13%ofexamscore Unit6:MarketFailureandtheRoleofGovernment You’llexaminetheconditionsunderwhichmarketsmayfailandtheeffectsofgovernmentinterventioninmarkets. Topicsmayinclude: Sociallyefficientandinefficientmarketoutcomes Externalities Publicandprivategoods Theeffectsofgovernmentinterventionindifferentmarketstructures Incomeandwealthinequality OnTheExam 8%–13%ofexamscore SearchAPCreditPolicies Findcollegesthatgrantcreditand/orplacementforAPExamscoresinthisandotherAPcourses. StartaSearch CourseResources article APClassroomResources OnceyoujoinyourAPclasssectiononline,you’llbeabletoaccessAPDailyvideos,anyassignmentsfromyourteacher,andyourassignmentresultsinAPClassroom.Signintoaccessthem. Updated12/1/2020 resource APMicroeconomicsCourseandExamDescription Thisisthecoredocumentforthecourse.ItclearlylaysoutthecoursecontentanddescribestheexamandAPProgramingeneral. PDF 3.87MB SeeWhereAPCanTakeYou APMicroeconomicscanleadtoawiderangeofcareersandcollegemajors ExploreYourFuture CareerAreas 68 Majors 24 AdditionalInformation ChoosingYourAPCourses HowtoSignUpforanAPCourse JoinYourAPClassSectionOnline Previous WhyTaketheCourse Next AbouttheExam Notastudent? GotoAPCentralforresourcesforeducators FollowAP [OpensinNewWindow] [OpensinNewWindow]