🌍 2024 AP Microeconomics (International) – Exam Breakdown & Insights

The 2024 AP Microeconomics International paper leaned into analytical thinking and graph interpretation, with a strong emphasis on firm behavior and externalities. The FRQs rewarded students who could narrate economic outcomes visually and logically — not just identify curves but explain them clearly.

📝 Quick Exam Overview

• Date: May 2024, International Administration (Asia)
• Format: 60 MCQs + 3 FRQs (1 long, 2 short)
• Topics Covered: Market Structures, Efficiency, Taxes + Subsidies, Labor Markets, Externalities, Monopoly/PC Comparison

🔍 Key Takeaways

🔹 Multiple Choice (60 Questions)

• Major focus on marginal cost, efficiency, and firm behavior
• Public goods, elasticity, and price ceilings were also present
• Many questions had scenarios with diagrams or policy outcomes
  
  
  
  

🔹 Free Response Questions (FRQs)

• FRQ 1 (Long): Compared monopoly and perfect competition outcomes including DWL and price discrimination
• FRQ 2: Tax subsidy impact on consumer and producer surplus, including welfare loss
• FRQ 3: Labor market structure and marginal revenue product of labor (MRPL)
  
  
  
  

📊 Difficulty & Trends

🎯 Prep Tips for 2025

• Practice FRQs that require visual + verbal analysis (especially firm behavior)
• Review price ceilings/floors, DWL, and policy impact scenarios
• Drill labor market logic: MRP, marginal cost of labor, equilibrium wage
• Use rubrics to align your graph responses with scorer expectations

“The best Micro students didn’t just memorize — they diagrammed, described, and defended their thinking.”

📘 Top Study Resources

• 2024 AP Micro Intl MCQs + Solutions
• College Board AP Micro Resources
• ACDC Econ: Micro FRQ Walkthroughs