CLEP Principles of Macroeconomics Prep

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💰

$93

Exam Cost

⏱️

120 min

Time

🎓

3-6

Credits

✅

~50/80

Passing

What You'll Study

Unit 1: Basic Economic Concepts

scarcity and opportunity costproduction possibilities curvecomparative advantagecircular flow model

Unit 2: Measuring Economic Performance

GDP calculation methodsinflation and CPIunemployment typesbusiness cycle phases

Unit 3: Fiscal Policy and the Budget

government spending multiplierautomatic stabilizersbudget deficits and national debtcrowding out effect

Unit 4: Money and Monetary Policy

money supply M1/M2Federal Reserve toolsmoney multiplierquantity theory of money

Unit 5: International Economics

balance of paymentsexchange rate determinationtrade barriers and tariffscapital flows

Free Study Resources

- OpenStax Principles of Macroeconomics 3e (openstax.org/books/principles-macroeconomics-3e): CC BY 4.0 - Khan Academy Macroeconomics (khanacademy.org/economics-finance-domain/macroeconomics) - CORE Econ (core-econ.org)

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