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CLEP Principles of Microeconomics FAQs
What is the CLEP Microeconomics?
The Microeconomics CLEP exam tests your knowledge of economic principles applying to individual consumers and businesses.
The College Level Examination Program, or the CLEP, is a collection of standardized tests that measure your knowledge of certain subjects. Students can earn college credit at thousands of colleges and universities by earning a satisfactory score on a computer-based CLEP exam.
What’s on the CLEP Microeconomics?
The Microeconomics CLEP exam contains approximately 80 questions covering the following topics:
Basic economic concepts
The nature and functions of product markets
Theory of consumer choice
Factor markets
Market failure and the role of government
Who takes the CLEP Microeconomics?
Students who want to gain college credit in microeconomics without taking a class can take the CLEP Microeconomics exam.
Anyone seeking college course credit can take CLEP exams. Home-schoolers, military personnel, and adult learners are typical CLEP test-takers, but exams are also open to college and high school students.
What’s the Microeconomics CLEP pass rate?
The passing rate for the Microeconomics CLEP pass rate is 72 percent. The CLEP Microeconomics passing score to earn college credit is 50, according to the American Council on Education (ACE). This is a scaled score, equivalent to earning a C in the relevant course.
How much should I prep for Microeconomics CLEP?
CLEP exams test you on the equivalent of an entire college semester’s worth of curriculum in approximately 90 minutes. While the idea is to test you on material you are very familiar with, some practice on the content and the test itself is in order as a satisfactory score earns you the college credit you’re after.
While everyone is different, Peterson’s recommends at least 6 weeks of Microeconomics CLEP test prep for test day.
How helpful is a CLEP Microeconomics study guide?
Our Microeconomics CLEP Study Guide includes exam basics, an overview of topics included on the exam, how to register, and how to prepare for the exam.
Can I take a CLEP Microeconomics practice test online?
Peterson’s offers three full-length Microeconomics CLEP practice tests with detailed answer explanations and flashcards for subscribers. You can also access our Microeconomics CLEP Study Guide which provides a review of concepts presented on the exam, along with tips for how to prepare for the exam.
How do I register for the CLEP Microeconomics?
The Microeconomics CLEP, and all CLEP exams, are administered online through the College Board. For step-by-step instructions on how to register for the Microeconomics CLEP exam online, visit the College Board website.