Course Overview

The Principles of Microeconomics CLEP exam is designed to test the student on material that is covered in a typical first-year undergraduate Microeconomics course. Just like our course for Macroeconomics, our course on Microeconomics makes a potentially difficult subject easy, using lots of graphs to help you to visualize relationships between economic variables and gain a deeper understanding of economic principles and theory.

Topics Covered in This Course

Basic Economic Concepts

Scarcity, choice, and opportunity costs
Production possibilities curve
Comparative advantage, specialization, and trade
Marginal analysis

The Nature and Functions of Product Markets

Supply and demand
Theory of consumer choice
Production and costs
Firm behavior and market structure

Factor Markets

Marginal revenue product
Labor market and firms' hiring of labor
Market distribution of income

Market Failure and the Role of Government

Externalities
Public goods
Public policy to promote competition
Income distribution

Customer Test Results for the Microeconomics CLEP

185 users submitted test results since January, 2009
166 of those users reported a passing score (90%)


The following are a sample of the test results submitted by members who’ve taken the Principles of Microeconomics 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:

January 27, 2012 User  passed with a score of 50 out of 80
January 24, 2012 User  passed with a score of 56 out of 80
January 10, 2012 User  passed with a score of 54 out of 80
January 4, 2012 User  passed with a score of 70 out of 80
December 12, 2011 User  passed with a score of 59 out of 80
December 6, 2011 User  failed with a score of 48 out of 80
November 23, 2011 User  passed with a score of 51 out of 80
November 21, 2011 User  passed with a score of 67 out of 80
November 10, 2011 User  passed with a score of 63 out of 80
October 14, 2011 User  passed with a score of 52 out of 80

Free Sample Of Microeconomics 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

The payment one pays for acquiring capital is called _____________.


Your Answer:  

Related Exams with Overlapping Subject Matter

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