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AP Economics
Advanced Placement (AP) Economics (also known as AP Econ) refers to two College Board Advanced Placement Program courses and exams addressing various aspects of the field of economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...: * AP Macroeconomics * AP Microeconomics {{set index AP Economics Economics education ...
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College Board
The College Board, styled as CollegeBoard, is an American not-for-profit organization that was formed in December 1899 as the College Entrance Examination Board (CEEB) to expand access to higher education. While the College Board is not an association of colleges, it runs a membership association of Educational institution, institutions, including over 6,000 schools, colleges, universities, and other educational organizations. The College Board develops and administers standardized tests and curricula used by K–12 and post-secondary education institutions to promote college-readiness and as part of the college admissions process. The College Board is headquartered in New York City. David Coleman (education), David Coleman has been the CEO of the College Board since October 2012. He replaced Gaston Caperton, former List of governors of West Virginia, governor of West Virginia, who had held this position since 1999. The current president of the College Board is Jeremy Singer. I ...
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Advanced Placement
Advanced Placement (AP) is a program in the United States and Canada created by the College Board. AP offers undergraduate university-level curricula and examinations to high school students. Colleges and universities in the US and elsewhere may grant placement and course credit to students who obtain qualifying scores on the examinations. The AP curriculum for each of the various subjects is created for the College Board by a panel of experts and college-level educators in that academic discipline. For a high school course to have the designation as offering an AP course, the course must be audited by the College Board to ascertain that it satisfies the AP curriculum as specified in the Board's Course and Examination Description (CED). If the course is approved, the school may use the AP designation and the course will be publicly listed on the AP Course Ledger. History 20th century After the end of World War II, the Ford Foundation created a fund that supported committees ...
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Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ...
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AP Macroeconomics
Advanced Placement (AP) Macroeconomics (also known as AP Macro and AP Macroecon) is an Advanced Placement macroeconomics course for high school students that culminates in an exam offered by the College Board. 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 as part of a comprehensive AP Economics curriculum, although more students take the former. Topic outline Source: Basic Economic Concepts (5–10%) *Scarcity, choice, and opportunity costs * Production possibilities curve *Comparative advantage, absolute advantage, specialization, and exchange *Dema ...
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AP Microeconomics
Advanced Placement (AP) Microeconomics (also known as AP Micro and AP Microecon) 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. The course begins 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 Topics covered in the AP Microeconomics course and exam include: The exam *Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 (66.7%) of the total exam score. *Free-Response: Students are allotted 10 minutes of p ...
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