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Advanced Placement Macroeconomics (also known as AP Macroeconomics, AP Macro, APMa, or simply Macro) is an Advanced Placement macroeconomics course for high school students culminating 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, although more students take the former.

Topic Outline

Financial sector:


  • 60 Questions in 70 Minutes
  • Reflects Topic Outline Above
  • Example: 3-6 Questions on Economic Growth.
  • 3 Questions in 50 Minutes

Score Distribution

The exam was first held in 1989, along with Microeconomics. Grade distributions since 2008 are as follows:


Tawni Ferrarini, James Gwartney, and John Morton have written that the examination does not adequately cover recent advances in the field: "The AP macroeconomics exam and resources largely reflect the simplistic Keynesian view from the 1960s and 1970s."[11] The College Board updates the AP Macroeconomics curriculum with the guidance of college and high school economics instructors. The most recent update was published in 2019.[12]

See also

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