Principles of Microeconomics CLEP

Number of Questions:90
Time Limit:90 minutes
ACE Recommended Passing Score:50
Cost:$97.00 + testing center fee
Difficulty:
Quick Prep Bundle Available:
No
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Foundation Exams:
Advanced Exams:
Personal Thoughts
As mentioned in the Macroeconomics study guide, many people find economics to be an intimidating subject. If you haven’t taken the Principles of Macroeconomics CLEP yet, I highly recommend doing so before attempting the Principles of Microeconomics CLEP. Much of the foundational knowledge from macroeconomics will support your understanding of microeconomic concepts. You can think of macroeconomics as viewing the economy from a high-altitude perspective—focusing on national and global trends—while microeconomics zooms in to explore the detailed, ground-level workings of individual markets and consumer behavior.
The good news? Economic concepts are more relevant than ever. Economic issues like market equilibrium, regulation, and income distribution frequently appear in headlines. These topics are core components of microeconomic theory, and a solid grasp of them can help make sense of current events and policy debates.
If you ever wanted a reason to better understand how markets function, how regulations affect supply and demand, or how income is distributed across populations, this is a perfect test for you. The fact that it helps you get a degree is just icing on the cake. ;)
Go get those credits!
Free Study Guide
Work your way through the complete study guide, or skip to areas where you need extra help. Once you're done, use our free flashcards and practice test!
Foundations of Microeconomics
Consumer Behavior
Producer Behavior
Market Structures
Market Failures
Resource Markets
Efficiency and Welfare
Government and Policy
Applications and Contemporary Issues
Practice & Review
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