AP Microeconomics
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What is the AP Microeconomics exam format?
The exam format includes 60 multiple-choice questions, and 3 free-response questions. The exam is broken down so the multiple choice section is worth 66% of the exam weight, and the free response section is worth 33% of the exam weight. Students are allotted 1 hour and 10 minutes to complete the multiple-choice section, and 1 hour to compose their responses to the free response questions. To make sure you’re prepared enough to finish in time, take a look through our free AP Microeconomics study guide that covers the most important material you should know.
How do I study for AP Microeconomics?
You’ve likely covered a lot of material during your course this year, but to get a 5 on the AP exam, it’s important you understand how often each topic shows up. You will learn to utilize graphs, charts, and data to dissect, depict, and explain economic concepts through analysis, description, and explanation. Once you take a look through the breakdown below, make sure to read through the AP Microeconomics study guide above with all the key points you should know for each unit.
What units are on AP Microeconomics?
- Unit 1: Basic Economic Concepts
- During this unit, you will begin to investigate the fundamental aspects of microeconomic reasoning. This exploration includes learning how to assess decisions through the lens of constraints and trade-offs, as well as making economically rational choices.
- Unit 2: Supply and Demand
- In this unit, you will acquire the foundation for comprehending market operations through an introduction to the supply and demand model.
- Unit 3: Production, Cost and the Perfect Competition Model
- During this unit, you will investigate the factors influencing corporate actions and do an investigation into the many aspects of the perfect competition model.
- Unit 4: Imperfect Competition
- In this unit, you will grasp the mechanics of markets characterized by imperfect competition and gain insight into the role of game theory within economic models.
- Unit 5: Factor Markets
- During this unit, you will uncover how concepts like supply and demand, as well as marginal decision-making, are relevant within the realm of factor markets.
- Unit 6: Market Disruptions and Government Involvement
- In this unit, you will evaluate a variation of scenarios in which markets might falter and expand on the potential outcomes of government engagement within market dynamics.
- Video Resources
- We’ve handpicked some of our favorite youtube channels and videos that align with the key topics and themes covered in our AP Microeconomics study guides. These channels can be a great way to get a better understanding of the economic principles relevant to individual actions within an economic system. These can help you know how to employ graphs, charts, and data to analyze, articulate, and expand upon economic concepts.
What are the video resources?
We’ve handpicked some of our favorite youtube channels and videos that align with the key topics and themes covered in our AP Microeconomics study guides. These channels can be a great way to get a better understanding of the economic principles relevant to individual actions within an economic system. These can help you know how to employ graphs, charts, and data to analyze, articulate, and expand upon economic concepts.
Where can I ask AP Microeconomics questions?
Connect with like-minded students who are also preparing for the exam and delve into the world of AP Microeconomics review together. By joining our Discord community, you can collaborate, exchange questions, discuss AP Microeconomics notes, and discuss any tricky problems with fellow AP Microeconomics students. Together, you can better understand challenging concepts, share helpful resources, and support each other on your way to getting a 5!
What is AP Microeconomics?
AP Microeconomics explores the economic principles that are applicable to the actions of individuals within an economic system. This course utilizes graphs, charts, and data to analyze, depict, and understand economic concepts through description and explanation. On this page, you’ll find AP Microeconomics resources to help you with your AP Microeconomics review.