AP Economics is an Advanced Placement college prep course designed for high school students looking to gain experience in college-level courses, as well as earn credits at many prestigious universities. Two different types of AP Economics courses are offered. AP Macroeconomics focuses more on the effects of larger scale economics, such as national income and prices, as well as economic growth locally and internationally. AP Microeconomics is a course mainly teaching the effects of the economy on the individual. It focuses more on product markets and consumer/producer interaction.http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
AP Economics essentially teaches the effects of the economy, be it the national, global, or personal economy, on a certain group of people. These effects can include costs and trade-offs, which goods and services are produced, how they are made and distributed, and the general wealth of an economy. AP Economics overview these factors in an in-depth way, and look at examples of previous or existing economies that have found success or failure in different systems.http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
AP Economics Exam
AP exams determine whether or not a student will receive the college credits offered by the course. The exam is on the curriculum put forward by the AP Program and the College Board. Individual teachers are required to run the class based on the materials on the exam. Students will be asked to complete the 130 minute long test, which includes multiple choice questions as well as a free-response section. The multiple choice section lasts 70 minutes, and counts for two-thirds of the student's final score. The free-response portion consists of a 10 minute mandatory reading period followed by a 50 minutes of time to write. This section will account for the remaining one third of the score.http://apcentral.collegeboard.com/apc/public/repository/ap-economics-course-description.pdf
AP Microeconomics Lecture
This video is a sample of a lecture that a student would generally experience in an AP Microeconomics class. The teacher explains the concept of consumer surplus, which is basically the contrast between how much the consumer is willing to pay for a product as compared to how much the product costs.
