CLEP* Study Guide

Principles of Microeconomics

The only study guide that teaches you what you need to know to pass the Principles of Microeconomics exam (with no prior knowledge needed), and is constantly updated based on student feedback to guarantee you the best possible results.

About the CLEP* Exam

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
Public goods
Public policy to promote competition
Income distribution

Customer Test Results for this Exam

569 users submitted test results since January, 2006.
522 of those users reported a passing score (92%).

Below are ten of the most recent user-submitted test results. These are unfiltered, real results that were submitted by InstantCert students:

Date of ExamResultScore
May 31, 2023passed57
Apr 29, 2023passed58
Mar 24, 2023passed57
Mar 24, 2023passed64
Feb 6, 2023passed71
Jan 27, 2023passed57
Jan 24, 2023passed62
Jan 13, 2023passed69
Dec 27, 2022passed72
Oct 4, 2022passed61
Live, unfiltered results posted by InstantCert students

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* CLEP is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product.

Our Study Guide:

- 230 flashcards with detailed explanations.
- Updated "Insider" tips from other students.
- NO prior knowledge required.
- 100% online. Start studying instantly.

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