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The subject matter of the Principles of Macroeconomics exam is drawn from the following topics. Interpretation and evaluation of economic data.Interpretation and manipulation of economic graphs.Understanding of important economic terms and concepts.Questions on the Principles of Macroeconomics exam require candidates to demonstrate one or more of the following abilities:
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Some of these are pretest questions that will not be scored. The exam contains approximately 80 questions to be answered in 90 minutes. Basic understanding of foreign exchange markets, balance of payments, and effects of currency appreciation and depreciation on a country's imports and exports is also expected. Within this context, candidates are expected to understand basic economic concepts such as scarcity and comparative advantage and measurement concepts such as gross domestic product, consumption, investment, unemployment, and inflation.Ĭandidates are also expected to demonstrate knowledge of the institutional structure of the Federal Reserve Bank and the monetary policy tools it uses to stabilize economic fluctuations and promote long term economic growth, as well as the tools of fiscal policy and their impacts on income, employment, price level, deficits, and interest rate. The test places particular emphasis on the determinants of aggregate demand and aggregate supply, and on monetary and fiscal policy tools that can be used to achieve particular policy objectives.
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PRINCIPLES OF MARKETING CLEP REDDIT HOW TO
To help individuals understand how to create value and build customer relationships, Kotler and Armstrong present fundamental marketing. However, none of these sources are designed specifically to provide preparation for a CLEP exam. This aspect of economics deals with principles of economics that apply to an economy as a whole, particularly the general price level, output and income, and interrelations among sectors of the economy. Principles of Marketing helps readers master today’s key marketing challenge: to create vibrant, interactive communities of consumers who make products and brands an integral part of their daily lives. These resources, compiled by the CLEP test development committee and staff members, may help you study for your exam. The Principles of Macroeconomics exam covers material that is usually taught in a one-semester undergraduate course in this subject.