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This article is part of the
Advanced Placement  series.
General exam structure    •    Awards
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Advanced Placement Macroeconomics (also known as AP Macroeconomics, AP Macro, or simply Macro) is a course offered by the College Board as part of the Advanced Placement Program for high school 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, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and in some cases in the same year as) AP Microeconomics. It is equivalent to the introductory course of macroeconomics in college undergraduate level.


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

The exam

  • Section I: Multiple Choice [70 minutes - worth 2/3 of the exam grade]
  • Section II: Free-Response [60 minutes - worth 1/3 of the exam grade]

Grade distribution

In the 2008 administration, 68,009 students took the exam. The mean score was a 2.78.

The grade distribution for 2008 was:

Score Percent
5 14.9%
4 22.7%
3 15.2%
2 19.8%
1 27.5%

External links


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