Principles of Microeconomics
Number of Microeconomics Questions: 328
ACE Recommended Exam Value: 3 lower-level credit hours
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
118 users submitted test results since January, 2009106 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:
| August 9, 2010 | User passed | with a score of | 54 out of 80 |
| August 8, 2010 | User passed | with a score of | 57 out of 80 |
| July 4, 2010 | User passed | with a score of | 63 out of 80 |
| June 29, 2010 | User passed | with a score of | 55 out of 80 |
| June 24, 2010 | User passed | with a score of | 61 out of 80 |
| June 22, 2010 | User passed | with a score of | 56 out of 80 |
| June 18, 2010 | User passed | with a score of | 77 out of 80 |
| June 14, 2010 | User passed | with a score of | 60 out of 80 |
| June 14, 2010 | User passed | with a score of | 65 out of 80 |
| June 10, 2010 | User passed | with a score of | 60 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.
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:
