CLEP* STUDY GUIDE

Principles of Macroeconomics

The only study guide that teaches you what you need to know to pass the Principles of Macroeconomics 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 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 this Exam

678 users submitted test results since July, 2006.
623 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:

Live, unfiltered results posted by InstantCert students

Try this Study Guide at NO Risk

Our Principles of Macroeconomics CLEP Study Guide is covered by our 30-Day Risk-Free Unconditional Money Back Guarantee. Sign up now and put it to the test. If you don’t like it, get your money back, no questions asked!