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About the Exam
About the Exam
Exam Overview
The AP Microeconomics Exam will test your understanding of the economic concepts covered in the course, as well as your ability to define economic principles and models; explain given economic outcomes; determine outcomes of specific economic situations; and model economic situations using graphs or visual representations.
Exam Duration
2hrs 10mins
Study the principles of economics that apply to the behavior of individuals within an economic system. You’ll use graphs, charts, and data to analyze, describe, and explain economic concepts.
Course Content
Unit 1: Basic Economic Concepts
Unit 2: Supply and Demand
Unit 3: Production, Cost, and the Perfect Competition Model
Unit 4: Imperfect Competition
Unit 5: Factor Markets
Unit 6: Market Failure and the Role of Government
Section I: Multiple Choice
Section I: Multiple Choice
60 questions | 1hr 10mins | 66% of Score
Questions require the use of economics content knowledge and reasoning across the range of course topics and skills. You’ll be asked to:
Define economic principles and models
Explain given economic outcomes
Determine the outcomes of specific economic situations
Section II: Free Response
Section II: Free Response
3 questions | 1hr | 33% of Score
The 60-minute time limit for this section includes a 10-minute reading period.
1 long free-response question (50% of section score)
2 short free-response questions (each worth 25% of section score)
You’ll be asked to:
Make assertions about economic concepts, principles, models, outcomes, and/or effects
Explain economic concepts, principles, models, outcomes, and/or effects
Perform numerical analysis and calculations
(On paper and pencil exams) Create graphs or visual representations
(On digital exams) Answer questions about given graphs and visuals
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