Advanced Placement Microeconomics (or AP Microeconomics) is a course offered by the College Board as part of the Advanced Placement Program for high school students interested in college-level coursework in microeconomics and/or gaining advanced standing in college.
AP Microeconomics starts with a study of fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, and comparative advantage. Major topics include the nature and functions of product markets; factor markets; and efficiency, equity, and the role of government. AP Microeconomics is often taken in conjunction with or after AP Macroeconomics.
Topics outline and distribution of topics: Basic Economic Concepts (8-14%) The Nature and Functions of Product Markets (55-70%) Factor Markets (10-18%) Market Failure and the Role of Government (12-18%)
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