Course Overview

The Principles of Macroeconomics CLEP exam is designed to test the student on material that is covered in a typical first-year undergraduate macroeconomics course. InstantCert's course in Macroeconomics breaks down this potentially complex subject into bite-sized pieces, making generous use of graphs and diagrams--not because there will be a lot of graphs on the actual exam--but because understanding the graphs can help you to visualize the relationship between different economic variables and more deeply understand and apply economic principles. This will help you to avoid confusion on the more difficult questions on the exam.

Topics Covered in This Course

Basic Economic Concepts

Scarcity, choice, and opportunity costs
Production possibilities curve
Comparative advantage, specialization, and exchange
Demand, supply, and market equilibrium
Macroeconomic issues: business cycle, unemployment, inflation, growth

Measurement of Economic Performance

National income accounts
Inflation measurement and adjustment
Unemployment

National Income and Price Determination

Aggregate demand
Aggregate supply
Macroeconomic equilibrium

Financial Sector

Money, banking, and financial markets
Central bank and control of the money supply

Inflation, Unemployment, and Stabilization Policies

Fiscal and monetary policies
Inflation and unemployment

Economic Growth and Productivity

Investment in human capital
Investment in physical capital
Research and development, and technological progress
Growth policy

Open Economy: International Trade and Finance

Balance of payments accounts
Foreign exchange market
Net exports and capital flows
Links to financial and goods markets

Customer Test Results for the Macroeconomics CLEP

128 users submitted test results since January, 2009
118 of those users reported a passing score (92%)


The following are a sample of the test results submitted by members who’ve taken the Principles of Macroeconomics CLEP exam after using InstantCert’s study program. These are unfiltered, unedited results and this list is automatically updated to show the ten most recent results:

September 1, 2010 User  passed with a score of 69 out of 80
August 12, 2010 User  passed with a score of 66 out of 80
July 6, 2010 User  passed with a score of 56 out of 80
June 30, 2010 User  passed with a score of 61 out of 80
June 19, 2010 User  passed with a score of 54 out of 80
June 14, 2010 User  passed with a score of 57 out of 80
June 2, 2010 User  passed with a score of 70 out of 80
June 1, 2010 User  passed with a score of 72 out of 80
May 21, 2010 User  failed with a score of 37 out of 80
May 12, 2010 User  passed with a score of 64 out of 80

Free Sample Of Macroeconomics CLEP Questions

Get a taste of the InstantCert study experience with five actual flashcards pulled from our database. Remember, you're not expected to know anything about the subject beforehand. Just read the question, think about what the answer might be (typing it is optional), and then click "Continue" when you're ready to see the answer and explanation.

Question 1 of 5

Two fundamental facts that define the economizing problem are that society's material wants are unlimited, while the means for producing these wants (economic resources) are __________.


Your Answer:  

Related Exams with Overlapping Subject Matter

The following exams have a significant amount of overlap with the Principles of Macroeconomics exam; however, many test-takers have recommended taking Macroeconomics before Microeconomics, and the two Economics exams before Money and Banking: