The Principles of Macroeconomics examination contains 80 questions to be answered in 90 minutes.
The test questions cover the principles of economics that apply to and economy as a whole, specifically the general price level, output and income, and interrelations among sectors of 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 221
Credits meet the social awareness and social foundations components of the general education requirements.