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AP Exams are given each year in May. Students who earn a qualifying score on an AP Exam are typically eligible, in college, to receive credit, placement into advanced courses, or both. Every aspect of  \nAP course and exam development is the result of collaboration between AP teachers and college faculty. They work together to develop AP courses and exams, set scoring standards, and score the exams. College faculty review every AP teacher’s course syllabus.  \nAP Economics Program  \nThe AP Program offers two courses in economics:  \nAP Macroeconomics and AP Microeconomics. Each course corresponds to one semester of a typical introductory college course in economics. AP Macroeconomics focuses on the principles that apply to an economic system as a whole. AP Microeconomics focuses on the principles of economics that apply to the functions of individual decision-makers, both consumers and producers, within the economic system.  \nAP Microeconomics Course Overview  \nAP Microeconomics is a college-level course that introduces students to the principles of economics that apply to the functions of individual economic decision-makers. The course also develops students’ familiarity with the operation of product and factor markets, distributions of income, market failure, and the role of government in promoting greater efficiency and equity in the economy. Students learn to use graphs, charts, and data to analyze, describe, and explain economic concepts.  \nAP Microeconomics is equivalent to a one-semester introductory college course in economics.  \nRECOMMENDED PREREQUISITES  \nThere are no prerequisites for AP Microeconomics. Students should be able to read a college-level textbook and possess basic mathematics and graphing skills.  \nAP Microeconomics Course Content  \nThe course content is organized into six commonly taught units, which have been arranged in the following suggested,  \nlogical sequence:  \ny Unit 1: Basic Economic Concepts  \ny Unit 2: Supply and Demand  \ny Unit 3: Production, Cost, and the Perfect Competition Model  \ny Unit 4: Imperfect Competition  \ny Unit 5: Factor Markets  \ny Unit 6: Market Failure and the Role of Government  \nEach unit is broken down into teachable segments called topics.  \nIn addition, the following big ideas serve as the foundation of the course, enabling students to create meaningful connections among concepts and develop deeper conceptual understanding:  \ny Big Idea 1: Scarcity and Markets  \ny Big Idea 2: Costs, Benefits, and Marginal Analysis  \ny Big Idea 3: Production Choices and Behavior  \ny Big Idea 4: Market Inefficiency and Public Policy  \nCourse Skills  \nThe following skill categories describe what skills students should develop during the course:  \ny Principles and Models  \n􀂊 Define economic principles and models.  \ny Interpretation  \n􀂊 Explain given economic outcomes.  \ny Manipulation  \n􀂊 Determine outcomes of specific economic situations. y Graphing and Visuals  \n􀂊 Model economic situations using graphs or visual representations.  \nAP Microeconomics Exam Structure  \nAP MICROECONOMICS EXAM: 2 HOURS, 10 MINUTES  \nAssessment Overview  \nThe AP Microeconomics Exam assesses student understanding of the skills and learning objectives outlined in the course framework. The exam is 2 hours and 10 minutes long and includes 60 multiplechoice questions and 3 free-response questions. Starting with the 2022-23 school year (spring 2023 exam), a four-function calculator is allowed on both sections of the exam.  \nFormat of Assessment  \n\n| Section I: | Multiple-choice | 60 Questions | 70 Minutes | 66. 65% of Exam Score |\n| --- | --- |\n| y The multiple-choice questions will assess students’ability to define economic principles or models, explain given economic outcomes, a","cbCaislZGSIX8zPo","https://ap.wps.com/l/cbCaislZGSIX8zPo","pdf",128568,"English","# AP Microeconomics About the Program\n## AP Economics Program\n# AP Microeconomics Course Overview\n## Recommended Prerequisites\n## Course Content Units\n## Big Ideas\n## Course Skills\n# AP Microeconomics Exam Structure\n## Assessment Overview\n## Format of Assessment\n## Sample Multiple-Choice Question\n## Sample Free-Response Question","[{\"question\":\"What topics are included in AP Microeconomics units?\",\"answer\":\"The course content is organized into six units: Basic Economic Concepts; Supply and Demand; Production, Cost, and the Perfect Competition Model; Imperfect Competition; Factor Markets; and Market Failure and the Role of Government.\"},{\"question\":\"Are there any recommended prerequisites for AP Microeconomics?\",\"answer\":\"There are no prerequisites. Students should be able to read a college-level textbook and have basic mathematics and graphing skills.\"},{\"question\":\"How is the AP Microeconomics exam structured?\",\"answer\":\"The exam lasts 2 hours and 10 minutes and includes 60 multiple-choice questions and 3 free-response questions. Starting with the 2022–23 school year (spring 2023 exam), a four-function calculator is allowed on both sections.\"}]","AP Microeconomics - Course Overview | PDF",1789894612]