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Important Updates

Calculator Policy
Starting with the 2022-23 school year (spring 2023 exam), a four-function calculator is allowed on both sections of the exam. Note that this is strictly a change to the calculator policy and does not affect the exam format (number of sections, number of questions), the type of questions students may see on the exam, or the course skills.

AP Daily and AP Classroom
Short, searchable AP Daily videos can be assigned alongside topic questions to help you cover all course content, skills, and task models, and check student understanding. Unlock progress checks so students can demonstrate their knowledge and skills unit by unit and use My Reports to highlight progress and additional areas for support.

Sign In to AP Classroom

Course Overview

AP Microeconomics is an introductory college-level microeconomics course. Students cultivate their understanding of the principles that apply to the functions of individual economic decision-makers by using principles and models to describe economic situations and predict and explain outcomes with graphs, charts, and data as they explore concepts like scarcity and markets; costs, benefits, and marginal analysis; production choices and behavior; and market inefficiency and public policy.

Course Content

Based on the Understanding by Design® (Wiggins and McTighe) model, the course framework provides a clear and detailed description of the course requirements necessary for student success. The framework specifies what students must know, be able to do, and understand, with a focus on big ideas that encompass core principles and theories of the discipline. The framework also encourages instruction
that prepares students for advanced economics coursework. 

The AP Microeconomics framework is organized into six commonly taught units of study that provide one possible sequence for the course. As always, you have the flexibility to organize the course content as you like.

 Unit  Exam Weighting (Multiple-Choice Section)
 Unit 1: Basic Economic Concepts  12%–15%
 Unit 2: Supply and Demand  20%–25%
 Unit 3: Production, Cost, and the Perfect Competition Model  22%–25%
 Unit 4: Imperfect Competition  15%–22%
 Unit 5: Factor Markets  10%–13%
 Unit 6: Market Failure and the Role of Government  8%–13%


Course Skills

The AP Microeconomics framework included in the course and exam description outlines distinct skills that students should practice throughout the year—skills that will help them learn to think and act like economists.

 Skill  Description
 1. Principles and Models  Define economic principles and models.
 2. Interpretation  Explain given economic outcomes.
 3. Manipulation  Determine outcomes of specific economic situations.
 4. Graphing and Visuals  Model economic situations using graphs or visual representations.


AP and Higher Education

Higher education professionals play a key role developing AP courses and exams, setting credit and placement policies, and scoring student work. The AP Higher Education site features information on recruitment and admission, advising and placement, and more.

This chart shows recommended scores for granting credit, and how much credit should be awarded, for each AP course. Your students can look up credit and placement policies for colleges and universities on the AP Credit Policy Search.

Meet the Development Committee for AP Microeconomics.