AP Microeconomics
Advanced Placement 'Microeconomics' 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. AP Microeconomics is often taken in conjunction with or after AP Macroeconomics.
Topics outline and distribution of topics
Topics covered in the AP Microeconomics course and exam include:| Unit | Topic | Exam Weighting |
| 1 | Basic Economic Concepts | 12–15% |
| 2 | Supply and Demand | 20–25% |
| 3 | Production, Cost, and the Perfect Competition Model | 22–25% |
| 4 | Imperfect Competition | 15–22% |
| 5 | Factor Markets | 10–13% |
| 6 | Market Failure and the Role of the Government | 8–13% |
The exam
- Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 of the total exam score.
- Free-Response: Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question and two short ones.
- 2026 Exam Date: Monday, May 4, 12 PM Local.
Score distribution
94,772 students took the AP Microeconomics exam in 2023.The exam was first held in 1989, along with Macroeconomics. Grade distributions since 2007 are as follows:
| Score | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| 5 | 16.3% | 18.1% | 17.9% | 16.6% | 16.1% | 16.6% | 18.1% | 15.9% | 19.1% | 17.8% | 23.5% | 19.2% | 24.3% | 23.3% | 18.5% | 17.7% | 21.3% | 17% |
| 4 | 27.6% | 26.3% | 27.4% | 27.0% | 26.2% | 28.2% | 28.6% | 28.9% | 28.6% | 27.5% | 28.1% | 28% | 28.1% | 29.0% | 24.0% | 22.5% | 26.0% | 25% |
| 3 | 20.8% | 18.8% | 19.7% | 20.2% | 21.3% | 20.9% | 20.0% | 20.7% | 19.4% | 22.0% | 18.0% | 20.2% | 17.2% | 16.6% | 16.6% | 18.8% | 20.6% | 23% |
| 2 | 14.6% | 15.2% | 14.6% | 14.8% | 15.6% | 15.8% | 14.9% | 15.5% | 13.8% | 13.7% | 12.0% | 15.8% | 12.0% | 14.2% | 17.0% | 16.9% | 19.9% | 21% |
| 1 | 20.8% | 21.5% | 20.4% | 21.4% | 20.8% | 18.5% | 18.4% | 18.9% | 19.1% | 19.0% | 18.5% | 16.8% | 18.4% | 16.9% | 23.9% | 24.2% | 12.1% | 14% |
| % of scores 3 or higher | 64.6% | 63.2% | 65.0% | 63.8% | 63.6% | 65.7% | 66.7% | 65.5% | 67.1% | 67.3% | 69.5% | 67.4% | 69.6% | 68.9% | 59.1% | 59.0% | 68.0% | 65% |
| Mean | 3.04 | 3.04 | 3.08 | 3.02 | 3.01 | 3.09 | 3.13 | 3.07 | 3.15 | 3.11 | 3.26 | 3.17 | 3.28 | 3.28 | 2.96 | 2.93 | 3.25 | 3.10 |
| Standard deviation | 1.38 | 1.41 | 1.39 | 1.39 | 1.38 | 1.36 | 1.37 | 1.35 | 1.39 | 1.37 | 1.42 | 1.36 | 1.42 | 1.40 | 1.45 | 1.44 | 1.32 | 1.30 |
| Number of Students | 37,383 | 41,915 | 46,272 | 51,601 | 56,303 | 62,351 | 67,505 | 74,049 | 78,408 | 82,388 | 87,858 | 90,032 | 91,551 | 82,415 | 80,199 | 84,386 | 94,772 | 103,809 |
Study Resources
- Free online AP Microeconomics course taught by Prof. Jon Gruber : https://www.edx.org/course/introductory-ap-microeconomics