The Principles of Microeconomics examination contains 80 questions to be answered in 90 minutes.
The test questions cover the principles of economics that apply to the analysis of behavior of individual consumers and businesses in the economy.
Students should consider taking the exam if they can demonstrate the following abilities:
- understanding of important economic terms and concepts
- interpretation and manipulation of economic graphs
- interpretation and evaluation of economic data
- application of simple economic models.
CLEP computer-based (CBT) exams are scored without a penalty for incorrect guessing. The raw score--the number of correct responses--is translated into a scaled score. The scaled scores for CLEP CBT are reported in a range from 20 to 80.
At Ferris, candidates taking the Principles of Microeconomics exam earn credit for a score of 50 or higher.
Course(s) and Credits
- ECON 201
Credits meet the social awareness and social foundations components of the general education requirements.