Economics is one of the most popularly studied courses across the globe. Essentially, it is the social science that analyses the interaction of us, humans, with things that hold a certain value.
The primary subjects of study in economics are the production, consumption, and distribution of goods and services. Besides that, it uses the data to study the behavior of economies to different factors.
Several economics courses are offered in different fields to enhance one’s knowledge of the subject.
The College Board offers such Advanced Placement Programs that help study different aspects of a detailed subject like economics.
Advanced Placement Economics, broadly categorized into AP Macroeconomics and AP Microeconomics, comprise courses and examinations detailing a further study of economics.
Read on to find out what these two courses include.
Advanced Placement Macroeconomics
Advanced Placement Macroeconomics or AP Macro is a course that the College Board offers for high-school students.
This course includes important economic concepts such as opportunity costs, comparative advantages, scarcity, demand, supply, product possibilities, etc.
Some key topics in this course are price determination and national income, international economics and growth, economic performance, monetary and fiscal policy, etc.
Moreover, this course is often taught simultaneously with the other branch, like Microeconomics.
The examination taken on completing this course comprises 60 multiple-choice questions that cover all the topics taught during the lessons.
The duration of the exam is 70 minutes. These 60 questions make up 2/3rd of the total score.
The remaining one-third of the score is decided based on 3 free-response questions that need to be answered in 60 minutes. This part also allows candidates to take 10 minutes before the exam to read and plan the answers.
Advanced Placement Microeconomics
Advanced Placement Microeconomics or AP Micro is another economics course offered by the College Board.
High-school students are eligible to opt for this course alongside the AP Macroeconomics course and attempt exams on completion.
This college-level course comprises key economic concepts like comparative advantage, opportunity costs, specialization, scarcity, etc.
The most important topics taught in this course are factor markets, the role of the government, functions, and nature of markets, etc.
This course also requires students to sit through a mandatory examination that includes two parts. One part comprises 66.7% of the total score and includes 70 multiple-choice questions.
The other part comprising 33.3% has a 60-minute duration for 3 free-response questions.
Most high-school students opt to take up Advanced Placement Courses to enhance their subject knowledge, improve their resume, or to achieve advanced standing in their university or college.
Essentially, these courses allow students to explore their strengths while learning important concepts of a subject in detail.