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
687 users submitted test results since July, 2006.
631 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 Exam | Result | Score |
| Nov 13, 2024 | passed | 53 |
| Oct 15, 2024 | passed | 60 |
| Sep 21, 2024 | passed | 66 |
| Jun 13, 2024 | passed | 55 |
| Jun 12, 2024 | passed | 66 |
| May 17, 2024 | passed | 69 |
| Apr 2, 2024 | passed | 51 |
| Apr 1, 2024 | passed | 64 |
| Feb 29, 2024 | failed | 48 |
| Jan 23, 2024 | passed | 66 |
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