AP Macroeconomics
From Wikipedia, the free encyclopedia
This course is for students interested in college-level work in economics. Study begins with fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, comparative advantage, demand, supply, and price determination. Major topics include measurement of economic performance, national income and price determination, and international economics and growth.
Contents |
[edit] Topic Outline
- Basic Economic Concepts
- Measurement of Economic Performance
- National Income and Price Determination
- Financial Sector
- Inflation, Unemployment, and Stabilization Policies
- Economic Growth and Productivity
- Open Economy: International Trade and Finance
[edit] The Exam
- Section I: Multiple Choice [70 minutes - worth 66.6% of the exam grade]
- Section II: Free-Response [60 minutes - worth 33.3% of the exam grade]
[edit] Grade Distribution
In the year 2006, 52,599 students in 2,622 schools worldwide took the AP Macroeconomics exam. The mean grade in that year was 2.77 and the standard deviation was 1.28.
The grade distribution for 2005 was:
| Score | Percent |
|---|---|
| 5 | 12.7% |
| 4 | 23.4% |
| 3 | 17.4% |
| 2 | 21% |
| 1 | 25.4% |
[edit] Popular Textbooks
Principles of Economics by N. Gregory Mankiw
