MI
History & Social Studies
AP Microeconomics
60 questions · 130 minutes on the real exam
Practice
Learn
Exam structure
Total time: 2 hours 10 minutes
MCQSection I: Multiple Choice
60 Qs·70 min·66.7%
5 answer choices. No calculator allowed.
FRQSection II: Free Response
3 Qs·60 min·33.3%
1 long FRQ (multiple parts) + 2 short FRQs.
Scoring
Scored 1–5. MCQ = 66.7%, FRQ = 33.3%.
Tips
- ~70 seconds per MCQ
- No calculator allowed
- FRQ: draw and label graphs accurately
- Know supply/demand, monopoly, perfect competition, game theory graphs
What's on this exam
Unit 1: Basic Economic Concepts
13%- Scarcity and Opportunity Cost
- Production Possibilities Curve
- Comparative Advantage and Trade
Unit 2: Supply and Demand
23%- Demand
- Supply
- Market Equilibrium
- Elasticity
Unit 3: Production, Cost, and the Perfect Competition Model
23%- Production and Cost
- Cost Curves
- Perfect Competition
Unit 4: Imperfect Competition
20%- Monopoly
- Monopolistic Competition
- Oligopoly
- Game Theory
Unit 5: Factor Markets
11%- Labor Markets
- Marginal Revenue Product
Unit 6: Market Failure and the Role of Government
10%- Externalities
- Public Goods
- Income Inequality