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Advanced Placement (AP) examinations are exams offered in United States by the College Board and are taken each May by students. The tests are the culmination of year-long Advanced Placement (AP) courses. AP exams (with few exceptions) have a multiple-choice section and a free-response section. There are two choices for Economics, Microeconomics or Macroeconomics – though most students take both exams across 2 years.
The AP exams themselves do not grade the students’ mastery of the course material in a traditional sense. Rather, the students’ results guide the grading rubrics and the scale for the “AP Grades” of each exam.
The AP exams are graded each summer at a week-long “grading camp.” Both high school AP teachers and university professors are invited to grade the exams at a predetermined location. When the AP Reading is over for a particular exam, the free response scores are combined with the results of computer-scored multiple-choice questions based upon a previously announced weighting.
The Chief Reader (a college or university faculty member selected by the Educational Testing Service and The College Board) then meets with members of ETS and sets the cutoff scores for each AP Grade. The Chief Reader’s decision is based upon what percentage of students earned each AP Grade over the previous three years, how students did on multiple-choice questions that are used on the test from year to year, how he or she viewed the overall quality of the answers to the free response questions, how university students who took the exam as PART A experimental studies did, and how students performed on different parts of the exam.
No one outside of ETS is allowed to find out a student’s raw score on an AP Exam and the cutoff scores for a particular exam are only released to the public if that particular exam is released in total (this happens on a staggered schedule and occurs approximately once every five to seven years for each exam). Usually, a 70 to 75 percent out of 100 translates to a 5. However, there are some exams that are exceptions to this rule of thumb. The AP Grades that are reported to students, high schools, colleges, and universities in July are on AP’s five-point scale:
5: Extremely well qualified
4: Very well qualified
3: Qualified
2: Possibly qualified
1: No recommendation
Fees for AP Economics Tuition
Fees for AP Economics Classes are below.
AP Econ tuition
£40 or $50 per hour
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