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

578 users submitted test results since January, 2006.
530 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
Jan 9, 2024passed52
Dec 21, 2023passed52
Nov 2, 2023passed64
Oct 11, 2023failed45
Sep 22, 2023passed63
Aug 21, 2023passed58
Aug 17, 2023passed50
Jul 23, 2023failed48
Jul 19, 2023passed51
Jun 6, 2023passed57
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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